How To Avoid 3 Common Legal Mistakes Small Business Owners Make

Disclaimer: This video and accompanying content (blog, Youtube descriptions, etc. herein referred to as “Content") is for informational purposes only and should not be construed as legal advice of any kind. Jo-Ná Williams and J.A.Williams Law, P.C. assumes no liability for use or interpretation of any information contain in this Episode or this document. This Episode should not be an alternative to obtaining legal advice from a licensed attorney in your state based on the specific facts of your legal matter. Jo-Ná Williams is licensed to practice law in the State of New York only.

C"mon over to http://www.marieforleo.com/2014/05/small-business-legal-help/ where the main discussion happens after the episode!

Legal help can be confusing if you run a small business, but in this video you"ll learn about three common legal mistakes small business owners make — and how to avoid them.

1. Business Structure. Should your business be an LLC or S Corp? Get legal help from a lawyer about what option is best for your business, since they can help you figure out what will be best for your taxes as well. Many people think that a lawyer is going to cost a lot of money, but most people would rather pay for solving a problem than preventing one.

2. Protect Yourself And Your Offerings. It"s very important your terms are outlined in something written. Make sure that your contracts have protection for your IP, disclosure of your programs and content, clear terms as to refunds and how to terminate the contract.
It"s also important to make sure your contracts have disclaimers in them. It"s important to have what you are in the contract but even more importantly what you"re NOT. Legal help from an attorney will show you exactly what your contracts and terms should include.

3. Your Business Relationships. An independent contractor"s agreement serves as additional proof that you have this arrangement with the people working for you. In this type of agreement, you should outline their duties, how they are being paid and when.

A non-disclosure clause protects your confidential information, and explains the fact that they"re an independent contractor and not an employee.

And a final bonus tip: If you are in the U.S. and you pay an independent contractor over 0, you"re going to have to issue them a 1099. Make sure you have their W-9 form when they come on-board so you don"t have to try and get it from them later!

If you enjoyed this video, subscribe to our channel and sign up for your free weekly business and life advice at http://www.marieforleo.com.

And if you"re interested in more videos on next level business growth like this one, check out our YouTube playlist on that exact topic here: https://www.youtube.com/playlist?list=PLD87A632CFD5449B5.

Thanks for watching!

My YouTube channel: http://www.youtube.com/marieforleo
Legal Help on my website: http://www.marieforleo.com/2014/05/small-business-legal-help/
Legal Help on YouTube: http://youtu.be/zahVagoP3SU

25 Comments

  1. Sarah Shotts

    I’d never thought of interviewing several lawyers. Great tip! That’s my
    next step.

    Reply
  2. AllNatural28

    These are some really great tips, thanks Marie!

    Reply
  3. The Modesta

    Great info. I’m a small business owner, looking for individuals to contract
    with and hadn’t thought of the non-disclosure agreement. So glad I watched.
    Thanks so much!

    Reply
  4. Readventured

    Setting up your business legal entity is the first decision you need to
    make when becoming a small business owner.

    Reply
  5. Lawanda Turner

    I love this ! I am so happy that this video came to my inbox. Jo-Na is so
    smart, I’m visiting her site now!

    Reply
  6. Tina Tiainen

    One of the best Marie TV’s to date!! Great tips, and Jo-Na is SOOO pretty
    :)

    Reply
  7. Courtney Bentley

    great advice! I need to start interviewing lawyers ASAP

    Reply
  8. sit-stay-play In-home pet sitting & more.LLC

    Great #legal tips +marieforleo and +Jo-Na Williams!

    Reply
  9. Bob Baker

    *Congrats to my friend Jo-Ná Williams for being **+marieforleo**’s guest
    last week on “Marie TV.”* Jo-Na did a great job covering three common legal
    mistakes small business owners make — and how to avoid them. *Watch and
    learn!*
    How To Avoid 3 Common Legal Mistakes Small Business Owners Make

    Reply
  10. Markita Samuel

    I LOVE this topic! I’m a business coach & attorney and I have added a whole
    step to my course just to focus on this! I get such good feedback I’ve
    launched a speaker series with my attorney & CPA to help small businesses
    START with this info! Good stuff ladies! 

    Reply
  11. Andrea Martins

    #entrepreneur #startingabusiness #marieforleo 

    Reply
  12. Overflow Cafe

    good work

    Reply
  13. Sonia Gazzelloni

    I started selecting different lawyers to interview WHILE I was watching
    this…..

    Reply
  14. Beverley Ashton

    WOW! Ladies what Awesome Advice! So containing! Thank U! Bx

    Reply
  15. Gena Golden

    its good validation that i did the right thing by having a non disclosure
    agreement and i get the w9 info upfront already and so i guess i’m on the
    right track.
    question, how do i do a search for lawyers, should i only consider a
    business attorney? also can a small collection of companies share one
    lawyer so we can split the retainer and other fees?

    Reply
  16. brbrhej

    abolutely GREAT advice! Thank you!

    Reply
  17. Susan Hamori

    So extremely helpful ! Thank you!!! I always felt lost on where I should
    get this info… but now I know…. I will find a lawyer! :)

    Reply
  18. Jaztina

    EXCELLENT! 

    Reply
  19. jgoss14

    This was super helpful. Thanks. :)

    Reply
  20. Business Law Group

    Great tips! Getting a lawyer on retainer for your company could save you a
    lot of money as well as legal problems!

    Reply
  21. Jonathan Tichich

    Very helpful and great tips.

    Reply
  22. Evan Hutcheson, CPA, LLC

    I hope this video goes out to people who are planning on starting their own
    companies. Talking to a CPA beforehand definitely helps to ensure that you
    are not committing any legal mistakes. 

    Reply
  23. Best Local Businesses

    This is great info. Thanks for sharing:)

    Reply
  24. Daily Mom Dose

    I love your video about passion and how to live a life doing what you love.
    It inspired me to make the Youtube channel I have now AND I also showed
    your page to a dear friend of mine who is actually opening up her own
    pharmacy. This video above really helped guide her. I guess she had some
    doubts regarding business decisions and this video really helped her out!
    Thanks for all you do!

    Reply
  25. High Impact Social

    The three most common legal mistakes that small business owners make.

    Reply

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