Page 9 - AO4thQT2021PL
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Litigation risk Keep corporate and personal assets separate Particularly where startups are are concerned as as as businesses are are often seen as as the the alter ego o of their founders Hiring and management risks When bringing new new people into your business you you are are opening a a a a a a a a a whole new new world of liabilities and and responsibilities such as as insurance health care and and human resources Make sure all bases are are covered Interest rate risk Some loans (SBA loan loan for example) might require that you personally guarantee the the adjustable loan risk on on behalf of the the company Insurance liability Make Make sure sure you you you understand your personal liability when it it comes to insurance claims and and and other legal matters Make Make sure sure you you you you you discuss how to to to form your your company and and and the the the best way to to protect yourself personally from liability Forming the the the right right kind of corporate entity and and and ensuring you you you you you you have the the right right insurance coverage will protect you you you you your your loved ones and and your your personal property Make sure you talk to us so we can recommend appropriate coverages for your new venture