Have A Business? Thinking of Starting One? Take These Essential Steps.

A number of clients tell us that the Pandemic made them rethink their career paths. In some cases, it sparked a plan to create a new business or to develop a ‘side gig.’

What happens, though, if you haven’t done the proper planning for that business enterprise or expansion?

We answered that question in this Life Happens podcast, as attorneys Aaron Connor and Theresa Skaine talked about legal strategies that all business owners – large and small – should heed. That includes these top aspects to have in place before revenues take off:

• Separate bank accounts for a business
• Insurance in the business name
• Designating employees vs. independent contractors correctly

These strategies not only apply to businesses that sell goods and services, but also to LLCs that hold investment properties, for instance your rental properties or family camp.