The Business of Doing Business Podcast

Hey there, lovely listeners!

In this episode, Yasmine breaks down why understanding the legal side of things is an absolute game-changer. It's not just about the suits and jargon – it's about saving time, cash, and keeping your stress levels in check.

First off, contracts. Yasmine spills the tea on why having solid contracts is a non-negotiable in the

business game. Think of it as your secret weapon – clear terms, no surprises, and a whole lot of

peace of mind.

Then, we’re chatting about official business structures. It's one of those things you’ll be glad you took care of and set yourself up for future success & growth.

Next on the list — intellectual property. Ever wondered how to protect your genius ideas & creative content? Yasmine’s got the deets on trademarks and copyrights, so you can keep those valuable assets safe and sound.

And last but not least, storing customer data. It’s not the Wild West — there are all kinds of laws we need to be aware of in order to let our business thrive. And if you’re here, we know you want that!

Get ready for a dose of legal insights that'll level up your business game. Yasmine's got your

back, so hit play and let's get down to business 🎙💼

⭐️ FREE GUIDE: Download your copy of our Legally Launch Guide & Legal Check-up Checklist!

👩‍💻 Could your contracts use a legal upgrade? SHOP lawyer-created contracts for your business at Coachesandcompany.com

🤝 Looking for more networking opportunities & business referrals? JOIN our private business referral network for B2B professionals & agencies!

Be featured on the show!

ASK your own question via #AskYaz, a business advice column-style segment addressing YOUR business questions!

SHARE your silly (or awkward) business story on Business Bloopers, a segment featuring amusing, unexpected, and sometimes painful client & business situations!

LEAVE US A REVIEW on Apple or Spotify for a chance to be featured on an episode!

📲 Hang out with us on Instagram, Twitter (X) & Threads!

Disclaimer (because, duh): The information presented in this podcast and on any affiliated platforms are for educational, informational, and entertainment purposes only. Consuming this content does not create an attorney-client relationship. If you need legal advice pertaining to your particular situation, you should consult directly one-on-one with an attorney.

Hosted on Acast. See acast.com/privacy for more information.

In this episode, Yasmine discusses the basics of forming a limited liability company (LLC). She explains that an LLC is a business structure that protects owners from personal responsibility for the company's debts or liabilities. Yasmine highlights the benefits of forming an LLC, such as personal liability protection and potential tax benefits. She compares LLCs to corporations and explains when it is appropriate to form an LLC. Yasmine also provides guidance on how to form an LLC, obtain an EIN, and open a business checking account. She emphasizes the importance of maintaining financial separation and liability protection.

Key Takeaways:

• Forming an LLC provides personal liability protection for business owners.
• LLCs have lower compliance requirements compared to corporations.
• Maintain financial separation between personal and business expenses to preserve liability protection.

EPISODE TIMESTAMPS:

00:00 Introduction

01:02 Benefits of Forming an LLC

03:53 When to Form an LLC

04:28 Tax Considerations

07:09 Forming an LLC

09:54 Obtaining an EIN & Opening a Business Checking Account

11:03 Maintaining Financial Separation

14:00 Compliance & Filing Requirements

18:53 Conclusion

⭐️ FREE GUIDE: Download your copy of our Legally Launch Guide & Legal Check-up Checklist!

👩‍💻 Could your contracts use a legal upgrade? SHOP lawyer-created contracts for your business

🤝 Looking for more networking opportunities & business referrals? JOIN our private business referral network for B2B professionals & agencies!

Be featured on the show!

ASK your own question via #AskYaz, a business advice column-style segment addressing YOUR business questions!

SHARE your silly (or awkward) business story on Business Bloopers, a segment featuring amusing, unexpected, and sometimes painful client & business situations!

Want to be a guest on the pod? Just Fill out this form for a chance to be our next podcast guest!

LEAVE US A REVIEW on Apple or Spotify for a chance to be featured on an episode!

📲 Hang out with us on Instagram, Twitter (X) & Threads!

Disclaimer (because, duh): The information presented in this podcast and on any affiliated platforms are for educational, informational, and entertainment purposes only. Consuming this content does not create an attorney-client relationship. If you need legal advice pertaining to your particular situation, you should consult directly one-on-one with an attorney.

Hosted on Acast. See acast.com/privacy for more information.

The Internet has revolutionized the way we do business.

In this inaugural episode, your host Yasmine Salem Hamdan dives into the world of digital entrepreneurship, celebrating the unique strength and potential of independently owned businesses that are shaping the future of our business landscape.

Join Yasmine as she takes us through the premise of this new & exciting podcast, with a focus on online business, women entrepreneurs, and those with specific professional skills seeking to harness the power of business for financial independence and success.

Various business models tailored for digital entrepreneurs take the spotlight, including personal coaching, corporate consulting, online courses, digital downloads, membership communities, agency models, and freelancing.

A crucial aspect of the episode revolves around the importance of legal considerations in every facet of business, commerce & professional relationships. Drawing from her experience as a business & intellectual property attorney, Yasmine stresses the proactive need for entrepreneurs to address legal aspects early on, preventing potential issues down the line.

⭐️ FREE GUIDE: Download your copy of our Legally Launch Guide & Legal Check-up Checklist!

👩‍💻 Could your contracts use a legal upgrade? SHOP lawyer-created contracts for your business at Coachesandcompany.com

🤝 Want more networking opportunities & business referrals? JOIN our private business referral network for B2B professionals

Be featured on the show!

ASK your own question via #AskYaz, a business advice column-style segment addressing YOUR business questions!

SHARE your silly (or awkward) business story on Business Bloopers, a segment featuring amusing, unexpected, and sometimes painful client & business situations!

LEAVE US A REVIEW on Apple or Spotify for a chance to be featured on an episode!

📲 Hang out with us on Instagram, Twitter (X) & Threads!

Disclaimer (because, duh): The information presented in this podcast and on any affiliated platforms are for educational, informational, and entertainment purposes only. Consuming this content does not create an attorney-client relationship. If you need legal advice pertaining to your particular situation, you should consult directly one-on-one with an attorney.

Hosted on Acast. See acast.com/privacy for more information.

Master Resell Rights... is it a scam or a good business practice? Don’t worry; in this video, business and intellectual property attorney Yasmine Salem Hamdan not only defines the trending MRR business model, but also helps give great insight into the legal and practical side of MRR. Let us know in the comments what your thoughts are on MRR and if you have any questions!

Chapters:

00:00 What are Master Resell Rights?

01:08 MRR: Lack of Long Term Sustainability

01:36 MRR: Lack of Quality Control

03:24 MRR: Legal Risks

03:48 MRR: Wrapping Up

⭐️ FREE GUIDE: Download your copy of our Legally Launch Guide & Legal Check-up Checklist!

👩‍💻 Could your contracts use a legal upgrade? SHOP lawyer-created contracts for your business at Coachesandcompany.com

🤝 Looking for more networking opportunities & business referrals? JOIN our private business referral network for B2B professionals & agencies!

Be featured on the show!

ASK your own question via #AskYaz, a business advice column-style segment addressing YOUR business questions!

SHARE your silly (or awkward) business story on Business Bloopers, a segment featuring amusing, unexpected, and sometimes painful client & business situations!

Want to be a guest on the podcast? Just Fill out this form for a chance to be our next podcast guest!

LEAVE US A REVIEW on Apple or Spotify for a chance to be featured on an episode!

📲 Hang out with us on Instagram, Twitter (X) & Threads!

Disclaimer (because, duh): The information presented in this podcast and on any affiliated platforms are for educational, informational, and entertainment purposes only. Consuming this content does not create an attorney-client relationship. If you need legal advice pertaining to your particular situation, you should consult directly one-on-one with an attorney.

Hosted on Acast. See acast.com/privacy for more information.

Want to start protecting your online business, but don’t know which way to go? In this video, Yasmine breaks down the difference between a custom service contract and a contract template. Investing in a lawyer-created contract template can be a smart and cost-saving decision for your business. Using a template designed for businesses similar to yours can provide comprehensive protection without expensive lawyer fees, which is something all entrepreneurs should aim for in the early stages of business!

Customizing the template based on instructions and then having it reviewed by a local attorney ensures compliance with local laws and addresses specific legal issues. Additionally, a one-time consultation with a local business attorney can help spot potential legal issues and provide peace of mind for your business.

Key Takeaways:

• Contracts are crucial to have in your business as they can provide a much-needed layer of protection
• Customer service agreements and contract templates are both lawyer-created
• Investing in a lawyer-created contract template can save costs compared to hiring a lawyer for custom contracts.
• Customize the template based on instructions and have it reviewed by a local attorney to ensure compliance with local laws.
• A one-time consultation with a local business attorney can help spot potential legal issues and provide peace of mind for your business.

EPISODE TIMESTAMPS:

00:00 Introduction

00:25 Contract Templates vs. Custom Contracts

00:37 Service Agreements

01:37 Why contracts are secure

01:52 Service Agreements may not be the best fit

02:11 What’s the best approach?

03:03 Consulting an attorney

03:53 Outro

⭐️ FREE GUIDE: Download your copy of our Legally Launch Guide & Legal Check-up Checklist!

👩‍💻 Could your contracts use a legal upgrade? SHOP lawyer-created contracts for your business at Coachesandcompany.com

🤝 Looking for more networking opportunities & business referrals? JOIN our private business referral network for B2B professionals & agencies!

Be featured on the show!

ASK your own question via #AskYaz

SHARE your silly (or awkward) business story on Business Bloopers, a segment featuring amusing, unexpected, and sometimes painful client & business situations!

📲 Hang out with us on Instagram, Twitter (X) & Threads!

Disclaimer (because, duh): The information presented in this podcast and on any affiliated platforms are for educational, informational, and entertainment purposes only. Consuming this content does not create an attorney-client relationship. If you need legal advice pertaining to your particular situation, you should consult directly one-on-one with an attorney.

Hosted on Acast. See acast.com/privacy for more information.