Commercial General Liability (CGL) insurance protects your company if the actions of you or your employee cause personal injury or property damage. CGL also protects your company if someone is injured on your property.
The level of coverage your business needs and the premium you will pay depends on the level of risk inherent in your industry.
Talk to your LegalShield provider law firm and discuss the need for other types of insurance policies to protect your business.
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An indemnity agreement settles the “who is responsible” question ahead of time. One party promises, in writing, to cover certain losses tied to the work, so the other isn't left with the bill. These promises appear in construction contracts, leases, and business sales.
A certificate of good standing is official proof from your state that your business is registered and current on its requirements. Most lenders and agencies want a recent one, so it helps to know how to get it before someone asks.
Whether the goal is selling a company, bringing in a business partner, or passing it to a family member, the LLC ownership transfer often involves reviewing the LLC's operating agreement and the applicable state's rules.
If you want to do business under a name that isn't your own legal name or your LLC's registered name, you need a trade name, also known as a doing business as (DBA) name.
A consulting agreement is a contract between a service provider, such as an independent contractor, and a recipient.
Hold harmless agreements can help reduce a business's liability by having signatories accept a certain amount of risk.
Getting an LLC in New York generally involves choosing a business name, filing Articles of Organization with the New York Department of State, creating a written Operating Agreement, completing New York’s publication requirement, and handling tax and business setup steps, like getting an EIN.
Knowing how to franchise your business takes more than enthusiasm. It takes documented systems, legal preparation, and the right partners.
