Re: Online businesses......
Yes, I agree. He suggested product liability and general commercial liability. This is all so overwhelming to me....I really never thought deep and hard about all I needed to do to get started. I did a business plan, but apparently that wasn't too thorough because this wasn't even part of it.
One more question.....Ideally I would like to structure as a sole proprietor because its the simplest structure and sounds like it is best suited for what I want to do. If I do that, and get product/general liability insurance, woudln't I be ok with that? Does incorporating just add that extra level of protection that treats the business completely separate of your personal assets? I read up on corporations and they just all sounds soooooo complicated, especially because my business is predominantly going to be online.
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