3 Legal Mistakes Small Businesses Make (And How to Avoid Them)
Running a small business is exciting — but ignoring legal basics can cost you big. Here are three common legal mistakes small business owners make, and simple ways to avoid them: 1. Not Having a Written Agreement with Clients Too often, deals are made over a phone call or WhatsApp. But when there’s no contract, misunderstandings can lead to lost money or legal disputes. ✅ Solution: Always use a simple service agreement. It should include your scope of work, payment terms, deadlines, and what happens if either party cancels. 2. Using Free Templates Without Customization Copy-pasting terms from the internet may seem quick, but it’s risky. Those terms may not apply to your country, business type, or situation. ✅ Solution: Customize contracts to your needs. 3. Ignoring Tax & License Requirements Many small businesses skip registration or GST, thinking they're too small to matter. But authorities can still penalize you — and you’ll miss out on business opportunities tha...