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

Picture of Chris Battis By   ·  1 minute read

Legal Steps to Protect Your Ohio Business from Lawsuits

As a business owner in Ohio, there are several legal steps you can take to protect your company from potential lawsuits.

  1. Incorporate your business: Setting up your business as a corporation will allow you to separate your personal and business assets, which can reduce the risk of personal liability in the event of a lawsuit. This will also provide you with several tax benefits.
  2. Purchase liability insurance: Liability insurance is vital for protecting your business assets in the event of a lawsuit. Liability insurance will cover the costs of any damages awarded to a third party, as well as the legal fees associated with defending against a lawsuit.
  3. Train your employees: Employees who are trained to follow company policies and procedures are more likely to avoid making mistakes that could lead to lawsuits. Provide regular training sessions to keep your employees aware of their responsibilities and any potential risks associated with their job.
  4. Create and enforce policies and procedures: Establishing clear policies and procedures for your business will help you avoid potential lawsuits. Make sure that your employees are aware of these policies and take steps to ensure that they are enforced.
  5. Conduct thorough background checks: Before hiring employees, make sure you conduct thorough background checks to verify their qualifications and ensure that they have no criminal history or litigation history that could pose a risk to your business.
  6. Hire an attorney: Consider hiring an attorney to review your business practices and policies to ensure that they comply with Ohio law. An attorney can also help you navigate potential legal issues or provide legal advice in the event of a lawsuit.

It is important to note that these legal steps are not foolproof and may not protect your company from all potential lawsuits. However, taking these steps can help reduce your risks and demonstrate to judges that you have taken reasonable precautions to protect your business.