If your New Year’s resolution was to finally get around to starting your own business, we’d like to support you in your efforts. And even if your motivation isn’t New Year’s-related, we still want to give you a heads up on what legal risks to watch out for.

After all, when you create a company, you create an entirely new legal entity. That means it has responsiblities to the government and to other legal entities, both people and corporations.

For your company to survive and grow, it helps to stay out of legal trouble. Here are five of the most common legal risks that new businesses often face:

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Related Resources:

  • The FindLaw Guide to Starting a Business (FindLaw)
  • What Contracts are Required to Be in Writing? (FindLaw)
  • Independent Contractor vs Employee: IRS Cracks Down (FindLaw’s Free Enterprise)

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