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Posted by: Maricopa Lawyers on Jul 15, 2015

If you’re a business owner, you’ve spent a lot of time building and promoting your business. Being an entrepreneur can often demand longer hours than a full-time position and its success is more personal because it’s your creation. That’s also why it’s important to protect the business that you’ve spent so much time and energy building. Here are ways you can ensure that such a major part of your life is protected.

Have it Insured. Liability insurance protects you against the classic slip and fall on your floor lawsuit. Other professions should also consider errors and omissions coverage to protect against suits involving contractual errors and breaches.

Separate Business from Personal. Incorporating your business is one way to ensure that creditors and courts cannot go after your home or your car in the event that a judgment is placed on your business. Forming as a corporation or a limited liability company is a time-tested way to protect business assets from personal claims and vice versa. You can find the steps required to incorporate in Arizona by going to http://www.azcc.gov.

Update your Software. These days, computers are an integral part of virtually any business. This means that the computers you use should be absolutely safe. Make sure your antivirus software is continually up to speed and that you have other types of security software in place. If your system goes down or is compromised, your business may not be able to function and mishandled information could lead to legal action.

Hire an Attorney. An experienced lawyer who is familiar with federal, state and local business laws is a major asset to your company. The attorney can help you establish your company properly with the Arizona Corporation Commission as well as help you protect your assets in the event of a lawsuit. For help on finding an attorney in the Phoenix area who specializes in business law, go to http://maricopalawyers.org/.