In case you missed it, there’s a new law in town - and you may need to comply with it! If you have a Limited Liability Company (LLC) or a Corporation in the United States, you likely have to comply with the Corporate Transparency Act, which just went into effect on January 1st, 2024.

Lawyers help think of all the what-if scenarios and additional terms or language that have to be added into contracts, so if you are DIY-ing your own contract, downloading a free one from Google, copying your coach’s contract, or not using a client contract at all, you could be seriously risking your entire business.

It’s not just about being a great service provider. You have to get a handle on the legal side of your business as early as you can to avoid running into costly and stressful legal issues in the future. Filing a trademark early is one of the best ways to protect your business name, logo, tagline, and/or slogan, and in the beauty industry, you’re more likely to have physical products, signage, and a brick and mortar so you don’t want to wait too long to file and end up having to be forced into a costly rebrand.

Contracts are one of the most important priorities for any business owner. What types of contracts you’ll use, how often, and when to use them depends on what type of business you have. But one thing is certain: all business owners need written, lawyer-drafted contracts to protect themselves.