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Myths That Plague Small Business Owners

Before you tie your shoe-strings and take your bank check ready to get insurance, get yourself together and ask yourself - do I really need it? If the answer is no - just forget about it and switch onto a new subject. If you still insist you need insurance then please focus on the following articles and give us 100% of your attention.
My name is Ryan and I have been a lawyer for as long as I can remember myself. I gave millions of advices to people that needed my professional help. I don't do it for money only; I do it because I want to help. I have always been frank with my clients. I offered them to get insurance when I knew they would need it. They were grateful to me because I was right. I want to tell you that there are lots of myths here and there. People spread rumors around and others believe them. I am here to put the record straight and tell you about the false ideas people got so far.
#1: My business is not to be sued. I don't have enough of profit from the company so they will just leave me alone.
Anybody's business can be sued and so can be yours. Even when you think you don't have enough ...
... for others to take from you, you are wrong. There is always something to take. Let us give an example. Even if you have a tiny office your equipment and furniture can be seized and sold. Your bank accounts can be seized also and that money will be enough to pay the attorney.
#2: I am protected from liabilities because I am of a corporate format.
Wrong. The corporate format protects individual investors only from personal liability and debts of the corporation for the reasons that were related to the corporate events. All states have the same rules and these rules involved a so-called corporate veil that can be removed or adopted according to some circumstances. When a situation like this occurs you may be giving away even your personal assets - such as a house, car or all of your savings.
#3: If I become disabled pr die my family and business partners will carry on without me.
Wrong. Yes they will but not in terms of business. The business won't survive if it is small and is left without a major member at least this is the biggest theory around it. Kids don't like to follow their parent's footsteps when it comes to business. Usually they are interested in other things. But not to disappoint you totally I have to say that I have known cases when the family business survived.
Small business insurance should be a part of your present. If you care about your business enough to maintain it - please get your small business insurance now. This is my biggest advice to you.
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