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Legal-ease: Tips for Protecting your Business with Karalynn Cromeens
Manage episode 414484562 series 3562752
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Are you protecting your hard-earned cash flow with a pen or just a handshake? This week we dive deep into the world of legal fortification in the landscaping business with Karalynn Cromeens, a seasoned construction lawyer bringing 20 years of industry-specific expertise. We unravel the secrets to not just surviving but thriving through the legal jungles of contracting and employee classification. Learn why the phrase "get shit done" is more than just a motto—it's the attitude that transforms challenges into opportunities and financial metrics into profit. Tune in as we lay down the roadmap for navigating legal pitfalls and steering your landscape company to flourish amid the thorns of business growth.
THE BIG IDEA:
Protect Yourself.
KEY MOMENTS:
[05:44] Protect personal assets when incorporating your business. [08:07] Clear contracts manage expectations, avoid later disputes. [12:10] Contract protects you, assigns work, clarifies status. [12:47] Subcontractors need to be additionally insured. [18:38] Daily tracking of numbers to improve profitability. [23:36] Balancing sales, operations, and business health. [29:36] Different lawyer’s approach; focus on quick resolution.
QUESTIONS WE ANSWER
How do you ensure legal compliance when classifying employees? What daily financial metrics should a business monitor for success? How can businesses manage subcontractor insurance effectively? How does lien law vary by state and impact landscaping businesses? What are common legal mistakes made by contractors and how to avoid them?
FOR SHOW NOTES AND MORE, GO TO:
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