Top Ten Ways to Get Sued - Guaranteed!

Bill Bronchick - Top Ten Ways to Get Sued - Guaranteed!: "Over 80 million lawsuits are filed every year in the United States. If you are in business, you should be thinking about the risks involved. The following are some of the most common pitfalls that lead to liability and lawsuits for small business owners and how to avoid them.


Pitfall #1: Doing Business as a Sole Proprietor

Most people who go into business do so as a 'sole proprietor.' This means that they are doing business as an individual or a 'd.b.a.' (doing business as). This scenario offers absolutely no asset protection, not to mention poor tax benefits. If the business is sued, all of the personal assets of the individual are at risk. For less than $100 in most states, you can form a corporation to do your business or trade. If properly maintained, a corporation will shield your personal assets if the business is sued or goes bankrupt"
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