{"id":1501,"date":"2020-02-26T16:36:50","date_gmt":"2020-02-26T16:36:50","guid":{"rendered":"https:\/\/www.insurancebee.com\/blog\/?p=1501"},"modified":"2023-02-08T09:59:47","modified_gmt":"2023-02-08T09:59:47","slug":"manage-your-legal-risk-small-business-tips","status":"publish","type":"post","link":"https:\/\/www.insurancebee.com\/blog\/manage-your-legal-risk-small-business-tips","title":{"rendered":"Manage your legal risk \u2014 small business tips"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2020\/02\/legal-structure.png\" alt=\"\" class=\"wp-image-1514\" width=\"300\" height=\"150\" srcset=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2020\/02\/legal-structure.png 440w, https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2020\/02\/legal-structure-300x150.png 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n<\/div>\n\n\n<p>You know that saying, \u201cignorance is bliss\u201d? Well, when it comes to the law,  it\u2019s definitely a bad idea for a small business owner. An unexpected legal dispute can be enough to sink a small company.&nbsp;<\/p>\n\n\n\n<p>If you\u2019re thinking of starting up a new business \u2014 or expanding an existing one \u2014 it\u2019s best to be prepared. And that means being aware of the legal risks, so you can avoid them before they cause trouble.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Legal risk management<\/strong><\/h2>\n\n\n\n<p>Choose the wrong ownership structure, for example, and you might end up being personally liable for debts your business runs up.&nbsp;<\/p>\n\n\n\n<p>Get caught without the right licenses and you won\u2019t just face fines \u2013 you risk your business being shut down. <\/p>\n\n\n\n<p>Fail to get a watertight contract and you could find it doesn\u2019t hold up when it matters most: in court.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Legal cheat sheet<\/strong><\/h2>\n\n\n\n<p>To help you manage your legal risk, we\u2019ve created a cheat sheet. Drawn from our <a href=\"https:\/\/www.insurancebee.com\/small-business-risk-guide\">Big Guide to Small Business Risk<\/a>, it\u2019s a handy heads-up on business structure basics, licensing law, and contract dos and don\u2019ts.&nbsp;<\/p>\n\n\n\n<p>Feel free to download it. Because when it comes to the law, it\u2019s better to know the truth, the whole truth\u2026(ok, you get the point!)<\/p>\n\n\n\n<p>Click the image to download:<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><a href=\"https:\/\/www.insurancebee.com\/report\/cheat_sheet-legal.pdf\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2020\/02\/Cheat-sheet-2-Legal.jpg\" alt=\"What are the main types of legal risk?\" class=\"wp-image-1505\" width=\"600\" height=\"849\" srcset=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2020\/02\/Cheat-sheet-2-Legal.jpg 600w, https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2020\/02\/Cheat-sheet-2-Legal-212x300.jpg 212w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>You know that saying, \u201cignorance is bliss\u201d? Well, when it comes to the law, it\u2019s definitely a bad idea for a small business owner. An unexpected legal dispute can be enough to sink a small company.&nbsp; If you\u2019re thinking of &hellip; <a href=\"https:\/\/www.insurancebee.com\/blog\/manage-your-legal-risk-small-business-tips\">Read more&#8230;<\/a><\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,56,1],"tags":[],"class_list":["post-1501","post","type-post","status-publish","format-standard","hentry","category-risk-tips","category-smb-advice","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Manage your legal risks -- small business tips | Legal risk management<\/title>\r\n<meta name=\"description\" content=\"Avoid legal risks before they cause trouble for your small business. Download our cheat sheet for a handy guide to legal risk management.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.insurancebee.com\/blog\/manage-your-legal-risk-small-business-tips\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Manage your legal risks -- small business tips | Legal risk management\" \/>\r\n<meta property=\"og:description\" content=\"Avoid legal risks before they cause trouble for your small business. Download our cheat sheet for a handy guide to legal risk management.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.insurancebee.com\/blog\/manage-your-legal-risk-small-business-tips\" \/>\r\n<meta property=\"og:site_name\" content=\"InsuranceBee Blog\" \/>\r\n<meta property=\"article:published_time\" content=\"2020-02-26T16:36:50+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2023-02-08T09:59:47+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.insurancebee.com\/blog\/wp-content\/uploads\/2020\/02\/legal-structure.png\" \/>\r\n<meta name=\"author\" content=\"Kate Naqvi\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kate Naqvi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/manage-your-legal-risk-small-business-tips#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/manage-your-legal-risk-small-business-tips\"},\"author\":{\"name\":\"Kate Naqvi\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/#\\\/schema\\\/person\\\/25d21b56419ae3d58431b36966e079bf\"},\"headline\":\"Manage your legal risk \u2014 small business tips\",\"datePublished\":\"2020-02-26T16:36:50+00:00\",\"dateModified\":\"2023-02-08T09:59:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/manage-your-legal-risk-small-business-tips\"},\"wordCount\":227,\"image\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/manage-your-legal-risk-small-business-tips#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/legal-structure.png\",\"articleSection\":[\"Risk Tips\",\"SMB advice\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/manage-your-legal-risk-small-business-tips\",\"url\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/manage-your-legal-risk-small-business-tips\",\"name\":\"Manage your legal risks -- small business tips | Legal risk management\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/manage-your-legal-risk-small-business-tips#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/manage-your-legal-risk-small-business-tips#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/legal-structure.png\",\"datePublished\":\"2020-02-26T16:36:50+00:00\",\"dateModified\":\"2023-02-08T09:59:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.insurancebee.com\\\/blog\\\/#\\\/schema\\\/person\\\/25d21b56419ae3d58431b36966e079bf\"},\"description\":\"Avoid legal risks before they cause trouble for your small business. 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