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  • #1000202
    ccastell88
    Member
    • Total posts: 13

    Hey Guys,

    I have 4 online websites and I want to protect myself legally for the following scenarios:

    Ø Let’s say you have a single product website and someone purchasing your product accidentally hurts themselves

    Ø Company sues you for accidental copyright or trademark infringement

    I’m currently setup as a sole trader, the sites last year made a total of around $30,000 in revenue.

    I’m thinking a company structure might provide good protection but want to see what other options i have e.g. insurance for sole traders?

    Cheers!

    #1223378
    Paul – FS Concierge
    Moderator
    • Total posts: 3,126

    You have identified the two most used ways to protect yourself – through an entity structure and insurance. Many people do both.

    Each has a costs and benefits.

    It may be time to speak to an Accountant and an Insurance Broker.

    Cheers

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