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Episode 17. 6 Legal Must Haves for Online Businesses

6 Legal Must Haves for Online Businesses

Episode 17. 6 Legal Must Haves for Online Businesses

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Online businesses aren’t immune to the laws, regulations, and rules that traditional brick-and-mortar businesses have to follow – despite what some “armchair legal experts” may have told you in a Facebook group chat. On top of that, there are some rules that apply specifically to online businesses and the ways that they grow. In order to make sure you are legally protected in ALL aspects of your business, let’s go over 6 specific legal must haves and things that online businesses need to do to be run in a legally legit™️, safe, and protected way.

In this episode, you’ll hear… 

  • 04:49 – The similarities and differences between starting an online business and brick and mortar
  • 09:38 – How scope of practice changes when you’re working online
  • 12:43 – Why you must legally protect your website
  • 18:11 – The contracts you need to have in place
  • 23:46 – Why you need business insurance for your online services
  • 27:07 – Registering your online business
  • 29:49 – How to take online payments properly

Why you need to legally protect your website

Running an online business, in many ways your website is your business. Not only is it the main hub for selling your products, courses, and services, it’s home for your content and where you’ll cultivate a loyal email list. Your website is more than a business card, it is your storefront. It’s a resource to attract attention to your brand, nurture them, and turn them into customers. The three major website safeguards you need are: privacy policy, website disclaimer, and terms and conditions. To learn more about each of these and how to set them up the right way, check out Episode 10. What Your Website Needs to Be Legally Legit.

When do you need to have a contract, and how do you get it signed properly?

Despite popular opinion, contracts are not just for client relationships. Yes, if you’re coaching or consulting, you need to have contracts available for customers to sign, but you should also have contracts for every other way you might work with someone, or for every product or program that you sell. Anything that people pay you money for, you need a contract. Make sure you know which kinds of contracts you need for each service you provide. People have a right to know what they are agreeing to before they pay you, which means you’re obligated to present the “terms”, in some way or another, before you take their money.

Do you need to buy insurance for your online business?

If you’re running an online business, you absolutely need to get business insurance. What kind of insurance you get will depend on what kind of business you run. If you offer coaching or consulting services, you typically get professional liability insurance. Business insurance will provide you with a business defense attorney if your business gets sued and pays the associated (very expensive!) fees for you. Don’t make the mistake of thinking you don’t need insurance just because you’re operating online.

Now listen to the full episode to learn about all 6 legal must haves for starting online businesses, and make sure you check out the resources below to go even deeper into these subjects.

Listen to On Your Terms on your favorite podcast platform

Listen to the show on your favorite podcast player and be sure to follow, and leave a review to help introduce the show to more online business owners just like you!

Resources Discussed in This Episode

If you’re ready to legally protect and grow your online business today, save your seat in my free workshop so you can learn how to take the simple legal steps to protect the business you’ve worked so hard to build. Click here to watch the free workshop so you can get legally legit right now!

LEARN:

  • Read Sam’s Blog for the latest legal tips, podcast episodes & behind the scenes of building her seven-figure business.
  • Listen to our customer stories to see how getting legally legit has helped 1,000s of entrepreneurs grow their own businesses.

Connect:

FAV TOOLS:

  • Kajabi // use Kajabi to sell your course, program, or even build your entire website. Get a 30-day free trial with my link.
  • SamCart // what I use for my checkout pages and payment processing and LOVE. And no, not because it’s my name.
  • ConvertKit // what I use to build my email list, send emails to my list, and create opt-in forms & pages.

DISCLAIMER: Although Sam is an attorney she doesn’t practice law and can’t give you legal advice. All episodes of On Your Terms are educational and informational only. The information discussed here isn’t legal advice and isn’t intended to be. The info you hear here isn’t a substitute for seeking legal advice from your own attorney.

AFFILIATE LINKS: Some of the links we share here may be affiliate links, which means we may make a small financial reward for referring you, without any cost difference to you. You’re not obligated to use these links, but it does help us to share resources. Thank you for supporting our business!

On Your Terms is a production of Crate Media.

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