Protect Your ASSets in Business.
?>
Download eBooks and Software
 Satellitedirect - Highest Converting Tv To PC Product
Don't Have A Website? Create A Money Making Website In Just Minutes For Free With Our Brand New Tool: Http://professionalcash.com/webtool
Forex Trading Software Plug-in Averages 500 Pips A Month
Forex Plug-in Software Averaging 500 Pips A Month Since Oct. 2010. Ideal For Newbies, Simple Instructions W/6 Training Modules. Killer Conversion, Super Low Returns, Total Impulse Buy. Affiliates, Visit: Http://netpicks.com/odstaffiliate For More Info!
Ipad Video Lessons - Big Seller!
38 Million Ipads Sold... With No Ipad Instructions! That's Where You & I Come In. Works With Ipad & Ipad 2. Get Your Ipad Video Lessons Affiliate Tools... Http://ipadvideolessons.com/affiliate
100% Commissions - $8.67 Epc - Quick Click Commissions
Make Money From Your Facebook Account - No Websites, No Cost, No Fuss... $8.67 Epc -- Affiliates: 100% Commissions On All Products -- Competition Details: Http://quick-click-commissions.com/affiliates
Surveyspaid.com
New Design Is Getting *insane* Conversions (4%+)! If You Promote Surveys, You Need To Give Our Site A Try- We Promise You Will Be Happy! We Use Geotargeting And Downsells. Converts Great With International Traffic. Email Followups With Your CB Id!
Articles Index >> Business & Finance
Protect Your ASSets in Business
by Stephen Bucaro
Many people are starting an online business without a thought about the danger this may pose to their personal assets. The type of protection you need depends upon the nature of your business and the amount of your personal assets.
If you have no personal assets, you probably don't need much protection. They say "you can't get blood from a turnip". Hey, if someone wants to take over your credit card debt, they are welcome to it!
But if you do have investments, or own a home, and someone sues your business, they could take your personal assets. If you do not incorporate your business, by default it is a "sole proprietorship". This means your business is YOU and your assets are at risk.
If your product is something like greeting cards, then you are not extremely vulnerable to a lawsuit. You would think it would be difficult for someone to be harmed by a greeting card, but someone might interpret the prose on the card as personal character defamation, or they might get a paper cut from the card. Remember a few years ago when a lady sued McDonalds after she burned herself by placing a cup of hot coffee between her legs?
If your product is a food item or a physical object, you could be especially at risk of a lawsuit. The list below provides some steps you should take to protect yourself if you run a business.
1. Incorporate your business. A corporation is treated like a separate individual. If the corporation is sued, your personal assets cannot be taken. You don't need to pay a lawyer $1000 to file the papers to incorporate your business. You can do it yourself for about $50.
2. Post a disclaimer on everything you make. Your disclaimer should include a phrase like; "you do not make any warranties of merchantability or fitness for a particular purpose, either expressed or implied. By using this material, the user assumes complete responsibility for any and all damages resulting from that use."
3. Provide a "limited warranty" that defines the specific things that you guarantee about your product. If you don't, then your product is subjected to the default general "warranty of merchantability". Basically an unconditional guarantee.
4. If mis-assembly or misuse of your product might cause damage, then you need to provide complete instructions. Clearly state the proper use of the product and place a warning about misuse of the product.
5. Place large clear warning labels on your product and the packaging. The presence of warning labels has protected many businesses from large legal settlements.
6. Write a complete manufacturing specification for your product. Many lawsuits are based on the presence of a "manufacturing defect". Although a specification can work against you, if you don't have a manufacturing specification, that in itself is evidence of negligence.
Don't jump into starting a business without taking steps to protect your personal assets. A business failure is a sad thing, but a business failure where you also lose your personal assets is a tragedy.
And by the way - I make no warranties of merchantability or fitness for a particular purpose, either expressed or implied. By using this material, the reader assumes complete responsibility for any and all damages resulting from that use.
Permission is granted for the article below to forward, reprint, distribute, use for ezine, newsletter, website, offer as free bonus or part of a product for sale as long as no changes are made and the byline, copyright, and the resource box below is included.
About The Author
Copyright(C)2004 Bucaro TecHelp. To learn how to maintain your computer and use it more effectively to design a Web site and make money on the Web visit bucarotechelp.com To subscribe to Bucaro TecHelp Newsletter Send a blank email to subscribe@bucarotechelp.com
?>
News on Internet Marketing
Cyberset Distinguishes Itself from Other Internet Marketing Companies with Its Dedication to Personalized Service
LOS ANGELES, Feb. 3, 2012 /PRNewswire/ -- As the private sector aims to further exploit the many benefits of e-commerce, more businesses are seeking high-quality Internet marketing services. For comprehensive ... Internet Marketing Company Reveals Results of the Poll, "Which Link Building Strategy Works Best For You?"
Internet Marketing Company (http://www.internetmarketingcompany.biz) Reveals Results of the Poll, "Which Link Building Strategy Works Best For You?"Los Angeles, CA (PRWEB) February 04, 2012 Internet Marketing Company, a search engine marketing company, announced today the results of the poll , "Which Link Building Strategy Works Best For You?" on the Facebook® platform. ... People Polled on "What is the Best Link Building Strategy to Get a High Page Rank Website?"
Internet Marketing Company (http://www.internetmarketingcompany.biz) Reveals Results of the Poll, "In Your Opinion, What is the Best Link Building Strategy to Get a High Page Rank Website?" on the Facebook® PlatformLos Angeles, CA (PRWEB) February 07, 2012 Internet Marketing Company, a company that provides seo services, announced today the results of the poll, "In Your Opinion, What is the ... SearchMarketMe, Internet Marketing Agency Owner Network Embrace "Tipping Point" as Internet Marketing Expenditures ...
SearchMarketMe and its network of 100+ independent Internet Marketing Agency Owners celebrated news this week that internet marketing expenditures have reached the "tipping point" versus print media, as total internet marketing services expenditures are expected to eclipse print media spending by several billion dollars in the USA, in 2012. Internet marketing expenditures will now trail only ... Internet Marketing Expert Cheryl Heppard Teaches Strategies to Attract Clients and Increase Profits
Host of Get Busy With Clients to lead monthly group coaching call for members on how to implement a strategic marketing plan that attracts clients and increases revenue.West Bloomfield, MI (PRWEB) February 08, 2012 Cheryl Heppard, business and marketing coach, will be leading a group coaching call for holistic practitioners, healing professionals, coaches and solopreneurs for members of her Get ... Audience Management and Internet Marketing
From March 22 to 23, 2012, the annual eTarget conference is taking place in Moscow. It is the premier event in Russia where businesses interested in online marketing and brand management can meet brand marketers and proven practitioners, learn and get inspired from detailed case studies. An Internet Marketing Company With a Big Heart
Web Marketing Pros is Donating Internet Marketing Services to Outreach International(PRWEB) February 02, 2012 Jacksonville Beach, Florida based Web Marketing Pros is donating Internet marketing services to Outreach International, an organization which provides long-term investments to generate growth in marginalized regions and countries.“We will be giving Outreach International free Internet ... PLR Internet Marketing Invites Bloggers To Contribute
Warren Wooden from PLR Internet Marketing is opening his online doors to fellow bloggers, and online marketers in the form of guest post submissions. Guest posting has long been seen as one of the more powerful forms of link building, and traffic generation techniques available to the part-time, and professional blogger alike, and yet are still being underused by both groups. ... SearchMarketMe Providing Free Class From Its Online Training Portal for Prospective Internet Marketing Business Agency ...
During the month of February, SearchMarketMe is providing free access for investigators of its internet marketing business opportunity to the first class in the Agency Owner Training Portal. The first class, "MGMT 101: The Money U," describes the proper application of the unique business model, The Money U, which helps SMM Agency Owners to succeed where other single operator businesses may fail ... Paton Internet Marketing Recognized by Constant Contact’s Corporate Office
As a Pillar Trustee and a proven leader in the community, Todd Paton and Constant Contact have brought highly successful outcomes to Paton Marketing Clients. Paton Marketing was recently recognized by Constant Contact as an exemplary business partner. Paton Internet Marketing is a progressive leader in the field of Search Engine Optimization, Website Development, and [...]
|
