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Home › Forums › Starting your journey › Legal protection – Online Businesses
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?
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.
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