Questions for start up
Besides a fictitious name and business license, how do you protect yourself from lawsuits and what other government regulations must I know about. Also, does terms of agreement protect you from lawsuits.
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c_NY8oTjyr34SKacfA8pyY
08/30/10 5:31pm PDT
Viewed by asker 09/01/10 1:23pm PDT
Viewed by asker 09/01/10 1:23pm PDT
4 Replies
CharlesWDavis
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08/30/10 5:40pm PDT
I am no attorney. However, a fictitious name and business license do not protect you. The fictitious name allows you as a sole proprietor to use a business name rather than your personal name. It also lets you use a typical business name without creating a formal legal entity (corporation, partnership, LLC, etc.).
I suggest that you contact a reputable attorney, for additional information. Some may respond here, but can't give legal advice.
Please post additional questions or else click SOLVED. Thanks!
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IRMN
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08/30/10 5:50pm PDT
This is America - nothing can completely protect you from lawsuits. However visiting with a good attorney can go a long way towards helping protect you. A good insurance agent wouldn't hurt either.
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09/01/10 1:57pm PDT
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Hello Thoughtful77,
Here is a webinar we hosted in December, with a State Farm Insurance agent discussing what to look for with regards to business insurance. I hope the information there helps answer your question.
community.intuit.com/events/insure-your-business-insure-your-legacy
Best regards,
Amy K
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