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What is the best way to protect yourself as a small business owner?

by San Francisco Home Insurance on September 14, 2011

I’m a Licensed Real Estate Broker doing home sales and financing with 6 employees. What’s the best way to protect myself in California’s litigious market?

E&O Insurance?
LLC?
S-Corp?
Combinations?

Any info is greatly appreciated!


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    { 4 comments… read them below or add one }

    Patience O September 14, 2011 at 12:38 pm

    stay away from bad debt.

    runner1 September 14, 2011 at 12:38 pm

    Incorporate your business.

    Commander_Data_ismydaddy September 14, 2011 at 12:38 pm

    Spray him with a water bottle and yell "Bad Small Business Owner!! " He will run away.

    NIKNAR September 14, 2011 at 12:38 pm

    LLC, specifically an Arizona LLC, their anonymous and can be hard to find the real owner behind it. I learned that from Rich Dad Poor Dad. oh wait or was it a Nevada LLC? argh i forget.

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