Chris HarounProfessor and CEO at Haroun Education Ventures

How to Legally Protect Your Business

Name: How to Legally Protect Your Business
Uploaded: 2022-03-16T16:06:34+00:00
Duration: 1 min 41 s
Channel: Chris Haroun
Description: In this solo talk, Chris Haroun stresses that entrepreneurs must protect themselves and their companies from lawsuits by taking legal steps before…

16 Mar 2022 · 2 min

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1:41

In this solo talk, Chris Haroun stresses that entrepreneurs must protect themselves and their companies from lawsuits by taking legal steps before launching a business. He urges viewers to consult a lawyer and formally register a legal entity, warning that without this protection personal assets like a house or car can be seized when lawsuits arise, especially after a company becomes successful. Haroun recommends using affordable online services such as LegalZoom (or equivalent providers in other countries) for a low‑cost half‑hour lawyer call and a six‑month contract to set up the entity. He also highlights the importance of securing intellectual property—trademarks, copyrights, and patents—through similar services. Throughout, he clarifies that he is not a lawyer, offers no formal legal advice, and notes that criminal activity is not shielded by these measures. The overall message is a cautionary, practical guide to legally safeguarding a business and personal assets.

Chapters

How do you protect yourself and your business from lawsuits, etcetera? Yeah. So the most important thing I can tell you, I'm going to get down on my knees for this right now. This is Kris getting down his knees right now trying to make a point. Okay, Please, please, please, please. Before you start a company, talk to a lawyer and register it. Because people will come after you with lawsuits and you'll lose everything. You'll lose your house, your car, everything. And once you're successful, they'll come after you. It happens all the time. People come after me. They never win. I fight them aggressively, but they come after you. And so what you do is if you're in the United States or Canada, go to legalzoom.com to register your company so that you're protected. And if you're in other countries, do a search online for what is the LegalZoom equivalent in your country's name. And the reason I mentioned LegalZoom is because it's cheap. It's 30 bucks for a half hour call with a lawyer. As long as you get a six month contract. You got to protect yourself. Yeah, I'm not a lawyer, so I will never, ever, ever give legal advice except talk to a lawyer, which isn't really that helpful, to be honest. But make sure you do that. But if there's criminal activity, you're not protected. Right. So make sure you set up a legal entity so you can protect yourself. Because the world is a mean place, man. When you're successful, people come after you. Oh. Another way to protect your business and yourself from is of course to set up trademarks, copyrights, patents, etc. If you go to legalzoom.com, they explain how to do that as well. And I've trademarked and copyrighted everything of mine. Yeah.