What legal steps can a business owner in Ohio take to protect their company from potential lawsuits?

As a lawyer, I would advise a business owner in Ohio to take several legal steps to protect their company from potential lawsuits, including:

1. Forming a Limited Liability Company (LLC): The business owner can register their company as an LLC, which is a separate legal entity from the owner. This way, in case of legal action against the company, the owner's personal assets will be protected.
2. Drafting and Implementing Employee Agreements and Handbooks: Employee agreements can help protect the company from lawsuits regarding discrimination or wrongful termination. Handbooks can also provide clear guidelines to employees on what is expected from them in different situations, and can reduce the likelihood of misunderstandings that may lead to litigation.
3. Obtaining Liability Insurance: Business owners can obtain liability insurance to protect the company from damages resulting from unanticipated events like accidents, injuries, or property damage. This type of insurance covers legal fees and damages payments, depending on the policies in place.
4. Complying with all Federal and State Regulations: Business owners need to comply with all state and federal regulations to avoid unnecessary litigation.
5. Consult with a Business Attorney: A business attorney can provide expert advice on potential legal risks and help the business implement measures to mitigate such risks.

It is important to note that there may be limitations to these steps, and business owners are advised to seek legal counsel to determine the most appropriate measures for their specific industry, location, and individual circumstances.