5 Tips on How Not to Get Sued in Business

1. Put it in Writing
Put every business transaction possible in writing. This includes agreements, contracts, and financial transaction. If you do not have a solid background in legal work, have a lawyer review your legal documents.
2. Ensure Your Customers Can Find and Understand Your Policies
Clearly, and in plain language post and report your company’s disclaimers and business practices for refunds and returns. If you want customers to be happy, you have the responsibility of ensuring that they understand in advance your policies.
3. Good Financial Account Counts
Keep accurate financial records. Corporations and large businesses should voluntarily hire an independent auditor every two years. You don’t want to get questioned by any legal authorities or by an individual in court claiming financial mismanagement – you may end up having your accounts frozen until you can prove otherwise.
4. Keep Customers Happy and Stay Out of Court
Work to resolve customer, employee, and other business complaints as quickly as possible. Never ignore a complaint or concern. It is very easy for people to make allegations, and in many cases, even to file claims or other lawsuits against you. Anytime you fail to take immediate action to resolve complaints you run the risk of being sued.
5. Know the Law to Follow it
Don’t do anything illegal or unethical. Sounds simple, but if you do not take time to know federal and state laws that govern your business, you could easily break them. Ignorance is not a defence.
www.businessethics.com