Starting a business is exciting — but legal pitfalls can turn that dream into a nightmare. Here are three legal mistakes small businesses often make:
- Not Registering the Business Properly: Whether it’s an LLC, sole proprietorship, or corporation, your structure affects taxes, liability, and funding. Get legal advice early.
- Skipping Contracts: A handshake deal won’t hold up in court. Always draft contracts — with clients, partners, and suppliers — and have a lawyer review them.
- Ignoring IP Protection: Your logo, brand name, or product design may be valuable intellectual property. Protect it with trademarks or copyrights.
Legal issues are easier to prevent than to fix. Consult a legal professional before problems arise.
