Episode 50: Not Controlling Your Legal Means Someone Else Is

Everything that happens in your business is impacted by legal. It can be complicated. But, it doesn’t have to happen all at once.

If you want to protect your business, you must take control of your legal. Otherwise, someone else will be in control. If you take the time to understand and implement legal strategies and protections, you will be one step further to building a business that is sustainable and won’t crumble at the first sign of trouble. You will have a business built on a firm foundation.

In this episode, we discuss what happens when you don’t take control of your legal. Legal matters in your business. You can either control it’s impact or see what happens. Entrepreneurs may be risk takers, but they are not gamblers. Understanding how legal impacts your business relationships is essential to developing a business with a firm foundation.

In this 17 minute episode, we discuss:

How not making legal decisions in your business is making legal decisions
How not choosing an entity before you start is
How not putting your contractual relationships in writing is making a choice to rely on what the law says about your relationship
Some of the legal issues you may want to consider with your legal relationships
How not taking control of your legal can cost you your business

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Legal to English Academy

Listen to Legal to English with Josh Andrews below:

How Compliance Programs Protect Your Business

Today, we are going to talk about compliance. This is going to be a general look at developing compliance programs instead of an in depth look at compliance of certain regulations (because, no matter what your industry, there are many). Compliance Program Defined A compliance program is a plan you put in place to help […]

Entity Options

Now that we understand limited liability, we need to discuss what might influence your decision on particular types of legal entities. Different legal entities can be used for different purposes. They each have their own set of rules that govern them and there are benefits and drawbacks to each of them. Business organizations is a […]

A Few Thoughts on Entity Selection

Entity selection hinges on a number of different factors. It all starts and ends with limited liability and why it matters to you. Even your compliance programs are important when it comes to limiting your liability. The selection of an entity is an important decision that can have a number of effects on the continuation […]

Avoiding Copyright Infringement

Last week, we talked about derivative works and how to avoid accidentally creating a derivative work when you are creating a new product for your business. As I mentioned last week, even if you avoid the creation of a derivative work, you may still run into an issue of creating an “infringing work”. This is […]

Legal to English Dictionary: Joint Work

Legal A Joint Work is legally defined as “a work performed by two or more authors with the intention that their contributions be merged into inseparable or interdependent parts of a unitary whole.” 17 U.S.C. §101 A joint work has more than one “author”. That means that the rights to the intellectual property are shared […]

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