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The U.S. Small Business Administration counts companies with as much as $35.5 million in sales and 1,500 employees as "small businesses", depending on the industry. Outside government, companies with less than $7 million in sales and fewer than five hundred employees are widely considered small businesses.
Sole Proprietorship. Partnership. Private Corporation. S Corporation. Limited Liability Company (LLC)
Strategies used in asset-protection planning include separate legal structures or arrangements, such as corporations, partnerships, and trusts. The structures that will work best for you depend, in large part, on the kinds of assets you own and the types of creditors most likely to pursue claims against you.
Watch What You Say and Do. The image of your business is critical. Hire a Competent Attorney. Separate Yourself from Your Business. Insure Yourself. Protect Your Files.
Watch your actions and words. Avoid doing business with people who have a reputation for unscrupulous behavior and do not engage in questionable business practices. Be careful of conflicts of interest. Insure your small business.
Take Ownership Of Your Business Name. Give Your Business A Legal Entity. Monitor Your Online Actions And Affiliations. Consider Getting Business Insurance. Use Contracts. Add Legal Documents to Your Website. Become GDPR Compliant.
Share their Facebook Page, Instagram Page, Linked In, Twitter, Or Other Social Media Outlets. Interact and Comment on Social Posts. Write A Review on Google and/or Facebook, Yelp, Etc. Give A Shout Out/ Post a Photo. Visit the Store. Sign up for Email lists or free text messages.