Main Street Business

1: Open Forum Tax and Legal Questions

Jul 9, 2014
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ADVICE

Handling Frivolous Lawsuits

  • Respond quickly and decisively to any lawsuit, even if you believe it's frivolous.
  • Consult with multiple attorneys to find one committed to quick dismissal.
ADVICE

Umbrella Insurance as Protection

  • Obtain an umbrella insurance policy as it protects against judgments in personal injury lawsuits.
  • It serves as a "flare" or "red herring" to deter potential litigants.
ADVICE

Classifying Workers

  • When classifying a worker, consider factors like control over hours, tasks, and workspace.
  • Also, consider who provides equipment and supplies; these factors help determine employee status.
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