⦁ 1. HAVE YOU FORMED A BUSINESS ENTITY?
Forming a business entity will be the foundation of keeping your business and personal assets/liabilities separate. This will be essential when it comes to business debts, potential lawsuits, and even tax implications and business operations.
⦁ 2. DO YOU HAVE A BUSINESS BANK ACCOUNT?
Having a business bank account will assist in ensuring you do not comingle business and personal funds. A business bank account will allow you to keep your business and personal funds separate for tax purposes, bookkeeping, and to limit personal liability.
⦁ 3. DO YOU OWN YOUR LOGO?
Ensure you own your logo by implementing a written copyright transfer from the designer to your business.
⦁ 4. DO YOU HAVE A TRADEMARK FOR YOUR BUSINESS NAME AND LOGO?
Protect your business and brand by getting a trademark for your business name and logo. These protections will allow you to stop others from profiting off of your likeness and increase the value of your business.
⦁ 5. DO YOU HAVE CLIENT AND COLLABORATOR CONTRACTS?
Ensure you have contracts in place to set clear expectations with both clients and collaborators including business partners, employees, investors, and independent contractors. Your contracts should address the obligations of the parties, refund policies, dispute resolution, pricing, timeframe for completion, transfer rights if any, etc. in writing.
⦁ 7. DOES YOUR WEBSITE HAVE TERMS AND CONDITIONS?
You should have terms and conditions on your website that outline the policies and procedures in place for visitors and customers on your website.
⦁ 8. DOES YOUR WEBSITE HAVE A DICSLAIMER?
Depending on the type of business you have you may be required to have a disclaimer on your website. If you provide any type of advice even solely for informational purposes it is ideal to have a disclaimer.
⦁ 9. DO YOU HAVE A PLAN TO STAY COMPLAINT?
You should have a plan in place to ensure that your business remains in compliance with applicable state and federal laws, to include business licensure, trademark monitoring, trademark renewals, annual registrations and fees, updating your contracts regularly as well as website policies and statements.