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You've started up your business, things are moving along, and you've taken the step -- or are about to -- of organizing your business into a legal entity. You know the pros and cons of organizing as an LLC vs S-Corp vs C-Corp etc. from watching our last episode "LLC or Inc?" here: You also know how these legal entities can protect you and your business in the event of a lawsuit, wrongdoing on the part of a partner, or other unforeseen and unfortunate circumstance. But just having the shield of an LLC or Corporation isn't enough to protect you and your interests. Where a legal entity leaves off is where things like service provider agreements and business insurance pick up. Special guest Matt Simmons, Esq., a partner with business and employment law firm Shepherd Law joins our show today. Matt talks to Pamela about the ways you can minimize the risks you face as a business owner, from both inside the business and outside of it. We cover operating agreements, what level of protection you can expect from each type of business entity, and of course, business insurance: when to get it, what it should cover and from whom you should seek it. Leave us a comment with your experiences and let us know if this episode has been helpful for you! Find Matt Simmons, Esq. and Shepherd Law at http://www.shepherdlaw.net Find out more on our web site at https://howbusinessreallyworks.com/sh... Pamela's eBook about finding the right legal entity for your business: http://amzn.to/2jRgRXw FOLLOW US: Twitter: / howbizworks Web: https://howbusinessreallyworks.com Facebook: / howbusinessreallyworks Pamela: http://www.pameladeritis.com Tracy: https://tracyhurt.com