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Safeguard Your Success: Essential Legal Tips For Each Stage of Your Online Business | w/ Braden Drake

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Synopsis

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. 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 considerHow to properly structure your business as an LLC, and the benefits of doing soThe benefits of filing taxes as an S Corp, and how it can save you moneyThe importance of having contracts in place with clients and contractors, and what to include in those contractsHow to properly classify workers as employees or contractors, and the legal implications of misclassificationBraden also shares some great