Episode 17. 6 Legal Must Haves for Online Businesses
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
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.
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Resources Discussed in This Episode
- 6 Legal Must Haves for Going Virtual [blog post]
- Watch my YouTube episode “How to Send/Sign Contracts Legally”
- Episode 2. Scope of Practice for Coaches (What You’re Legally Allowed to Do)
- Episode 10. What Your Website Needs to Be Legally Legit
- Episode 8. What Makes a Good Contract? How to Make Sure You’re Protected
- Episode 7. The First 3 Steps to Legally Protect Your Business (Where to Start!)
- Episode 9. How to Register Your Business to Protect Your Personal Assets
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!
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- 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.
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On Your Terms is a production of Crate Media.