Business Protection - Safeguarding Your Legacy
- Dewayne Williams
- Dec 31, 2020
- 1 min read
Introduction: Keeping Your Business Safe
Many business owners build wealth but fail to protect it. Without the proper safeguards, your business is vulnerable to lawsuits, fraud, and financial losses.
Step-by-Step Breakdown of Business Protection
1. Business Insurance Recommendations
Liability insurance protects against legal claims.
Property insurance covers business assets from damage or theft.
2. Trademark Registration
Protects your brand, logo, and business name from being copied.
Prevents costly legal battles over intellectual property.
3. Setting Up a Business Trust
Ensures your business assets are protected for future generations.
Limits liability exposure while maintaining control over assets.
Why Business Protection is Essential
Prevents Financial Ruin – Insurance covers unforeseen risks.
Protects Your Intellectual Property – Trademarks secure your brand.
Builds a Lasting Legacy – Trusts protect your assets for generations.
How Business Structure Affects Protection
A C-Corporation offers greater liability protection, while an LLC may still expose the owner to risks depending on state laws and legal challenges.
Case Law Supporting Business Protection
Disney Enterprises, Inc. v. VidAngel, Inc., 869 F.3d 848 (9th Cir. 2017) – This case demonstrated the importance of trademark protection in preventing unauthorized use of brand assets.
Conclusion
Protecting your business is just as important as building it. Need guidance on business protection? Contact MAC Enterprise Consulting today!
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