Service-based businesses cover a really broad range: from professional services, like legal, to things like educational consultants. As with any business, it’s critical to get all of your legal ducks in a row.
So today, it’s time to turn our attention to service-based businesses. If you provide a service, tune in as I guide you on selecting a legal entity, working with clients, hiring more people, and protecting yourself, your business, and your brand.
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In this episode:
[03:13] - Should service business owners choose to be a limited liability company (LLC) or sole proprietorship?
[04:51] - Don’t forget to do this if you provide professional services as an LLC.
[05:17] - Danielle makes a few recommendations for creating one of the most important documents in your business: a rock-solid client agreement.
[06:56] - Your client agreement should evolve along with your company. If you get repeat business for different projects, transition to this type of agreement instead.
[09:04] - Danielle discusses terms and conditions and disclaimers for service entrepreneurs.
[10:07] - How do you protect your service-based business and brand?
[11:43] - Although providing a service, you might eventually add digital products such as DIY templates. Here’s how to ensure the protection of these copyrighted materials.
[12:38] - Danielle mentions a few things to keep in mind as you expand your capacity and hire more people.
[13:51] - Follow these action steps today to protect your service-based business.
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