The Business of Doing Business Podcast

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.

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.

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.

Confused about trademarks & what it means for you as a business owner?

In this episode, Yasmine discusses the importance of trademarks for businesses and entrepreneurs building brands and selling products or services. Yasmine covers the categories of trademark distinctiveness and offers tips for selecting a trademark, conducting a clearance search, and using the correct trademark symbols in your brand and marketing materials. Additionally, Yasmine discusses trademarking personal names and brands, the use of trademark symbols, and the need for thorough trademark clearance searches to avoid infringement or forced rebrandings.

Key Takeaways:

• Trademarks are valuable assets that businesses should protect.
• Trademark distinctiveness categories include generic, descriptive, suggestive, arbitrary, and fanciful.
• Before selecting a trademark, conduct a clearance search to avoid infringement.
• Trademark registration provides exclusive rights and protection across the country.
• Working with an attorney for trademark registration is recommended.
• Use the appropriate trademark symbols and regularly conduct clearance searches to protect your trademarks.

EPISODE TIMESTAMPS:

00:00 Introduction

02:22 What is a Trademark?

05:09 Categories of Trademark Distinctiveness

10:56 Trademark Selection & Clearance Search

14:05 Benefits of Trademark Registration

19:01 Trademark Symbols & Rights

23:20 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, & 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 importance of networking and building referral partnerships in business. She emphasizes the intentionality and potential benefits of getting in the room with people who share a client base and values, as it makes business easier and more enjoyable.

Yasmine shares her personal experience with various networking strategies and highlights the need for a balance between personal and professional relationships. She provides practical tips for identifying ideal referral partners and forming a digital rolodex of your contacts.

Key Takeaways:

• Networking and building referral partnerships are crucial for business growth and success.
• Identify ideal referral partners who share a client base, but offer different services.
• Maintain a balance between personal and professional relationships.
• Ask for referrals from clients and establish a system for passing referrals back and forth.

EPISODE TIMESTAMPS:

00:00 Introduction and the Importance of Networking

02:25 Different Networking Strategies

05:54 Balancing Personal and Professional Relationships

09:12 Identifying Ideal Referral Partners

13:20 Creating a Contact Spreadsheet/Digital Rolodex

16:04 Asking for Referrals

21:39 Preserving Professional Reputation

22:30 Conclusion and Call to Action

⭐️ 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!

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.