Homework Week 41 Protecting You and Your Business
First rule of business, protect your investment.
- Etiquette of the Banker 1775
- Is your company set up in the right legal structure?
- Sole Proprietor
- Partnership
- Corporation
- Do you have your business financials separated from your personal finances? Banking and credit cards
- Do you have all necessary insurance?
- Liability
- Home Based Business
- Cyber
- Vehicle and Property
- If you have partners do you have a Buy / Sell Agreement or Unanimous Shareholders Agreement? Is it funded?
- Do you have a written plan for what to do if you cannot run the business?
- Death
- Disability
- Critical Illness
- Are you using Best Practices for protecting your data / computers / devices? Malware, antivirus, firewalls, two point verification, etc?
- Do you have written policies for dealing with clients / government / legal in case anything goes wrong and you get sued or have a complaint made against you?
- Have you properly protected your personal assets in case your business is sued or you are forced to declare bankruptcy?
- Participate in the call and ask questions