Quality Practices [extremely important in Compliance Industries]
Are you following your QAP and Standard Operating Procedures?
Are you Self-Evaluating?
Annual Performance Audits
Thinking about Expanding?
Consider the difference between employees vs independent contractors
2) Hire a competent attorney
Attorney familiar with local laws and customs in the area in which the business operates
Expertise in a particular field
A tax attorney
If your company is anticipating legal challenges from the Internal Revenue Service (IRS) or taxation state department
If you’re an LLC
Corporation with partners
3) Separate yourself from your business
Sole Proprietorships are a quick and easy way to start a business, but…
It provides little protection for the company or its owner.
If this type of company is sued, the owner’s individual assets (such as their cars or home) are fairly easy to attack or attach in a court of law.
4) Protect your…Reputation, & Internet Security
Protect Your Reputation
Watch review sites like Yelp, Angie’s List, etc. for bogus or negative reviews and respond promptly, legally, and professionally
Limit what you say on social media
Limit behavior that lends a negative perception or misperception
Drinking with your logowear
Political or social opinions that offend
Protect Your Internet Security
Don’t open copy [‘cc’] large lists in your emails
Don’t open emails with large ‘cc’ lists
Change your password and encrypt your documents
Use a good anti-virus that is updated frequently, without charge.
Purchase a good Maintenance Plan to prevent lazy practices
AppleCare for Mac
PC Matic, etc. for PC
5) Insure yourself & your company
Anyone can be sued at any time for any reason. You are not immune!
Various types of insurance coverage should be considered as well as using a competent contract attorney to build legal language into your contracts as a first line of defense.
Does your insurance cover 1M in legal representation regardless of ‘fault’?
Don’t assume an endorsement on your primary insurance is adequate.
i.e. Home Inspection policies with radon coverage, Radon Measurement & Mitigation on same policy.