What is the best way to protect yourself as a small business owner?


business broker
aimtjk asked:


I’m a Licensed Real Estate Broker doing home sales and financing with 6 employees. What’s the best way to protect myself in California’s litigious market?

E&O Insurance?
LLC?
S-Corp?
Combinations?

Any info is greatly appreciated!

This entry was posted on Monday, March 30th, 2009 at 12:00 am and is filed under Small Business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “What is the best way to protect yourself as a small business owner?”

  1. NIKNAR Says:
    April 1st, 2009 at 9:04 am

    LLC, specifically an Arizona LLC, their anonymous and can be hard to find the real owner behind it. I learned that from Rich Dad Poor Dad. oh wait or was it a Nevada LLC? argh i forget.

  2. Commander_Data_ismydaddy Says:
    April 3rd, 2009 at 10:05 am

    Spray him with a water bottle and yell “Bad Small Business Owner!! ” He will run away.

  3. Patience O Says:
    April 6th, 2009 at 5:16 am

    stay away from bad debt.

  4. runner1 Says:
    April 6th, 2009 at 7:39 pm

    Incorporate your business.

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