The Art of Online Business Safeguard Your Success: Essential Legal Tips For Each Stage of Your Online Business | w/ Braden Drake
Hey there, welcome to another episode of the podcast! In this episode, I had the pleasure of interviewing Braden Drake, a small business and tax attorney who specializes in helping online business owners with legal and tax issues.
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We dive deep into the layers of protection that online business owners need to consider, from getting started to scaling up. Braden shares her expertise on the importance of insurance, contracts, LLC formation, and paying quarterly taxes.
In this episode, you'll learn:
- The importance of having insurance for your online business, and the different types of insurance you should consider
- How to properly structure your business as an LLC, and the benefits of doing so
- The benefits of filing taxes as an S Corp, and how it can save you money
- The importance of having contracts in place with clients and contractors, and what to include in those contracts
- How to properly classify workers as employees or contractors, and the legal implications of misclassification
Braden also shares some great resources for online business owners, including her Contract Club, podcast, book, and website where you can learn more about legal and tax issues.
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