278 Brick & Mortar Businesses: What Legal Protection Do You Need?
Many local businesses struggle to find legal advice for their unique situation, so today on The Legalpreneur Podcast, I take you step by step through the process of legally starting your local business and break down how to safeguard yourself against lawsuits.
The requirements for a local business are different than what is required of a national online brand. First, you need to establish if you need local or federal protection. To qualify for a federal LLC you must be doing business in multiple states, which in most cases is beyond the scope of a local business. Generally, a Local business only needs local protection.
Once you’ve determined the geographical range of your business, check in with your local authorities to determine the requirements in your area. Details as small as your local return policies can make you vulnerable to a potential lawsuit. You can avoid these common mistakes with a Legalpreneur membership that will give you all access to an attorney who can help you file your LLC, DBA, and everything you need to legally protect your local business!
Key Takeaways:
[1:30] Local businesses are in-person services or traditional brick-and-mortar business
[3:23] You do not need to incorporate your local business, the best option is an LLC
[3:45] Deciphering if you need a DBA and an LLC for your local business
[4:25] Any business website needs a privacy policy and terms of conditions
[5:30] You can print the terms of conditions on the customer receipt
[6:11] Verify what the return policy of your state is before you state no returns
[7:25] Check with your county and state for the proper licenses
[9:00] To qualify for a federal trademark you need to be doing business in multiple states
[10:45] The Legalpreneur membership gets access to an attorney who can file for you
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Want to legally protect your business without the seemingly over-complicated approach? We have THE solution for you, the Legal Protection Playbook! Get started here.
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Disclaimer:
The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Legalpreneur Inc 2022
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