Hey there, welcome to another episode of the podcast! In this episode, I had the pleasure of interviewing Braden Drake, a small business and tax attorney who specializes in helping online business owners with legal and tax issues. We dive deep into the layers of protection that online business owners need to consider, from getting started to scaling up. Braden shares her expertise on the importance of insurance, contracts, LLC formation, and paying quarterly taxes. In this episode, you'll learn:

• The importance of having insurance for your online business, and the different types of insurance you should consider
• How to properly structure your business as an LLC, and the benefits of doing so
• The benefits of filing taxes as an S Corp, and how it can save you money
• The importance of having contracts in place with clients and contractors, and what to include in those contracts
• How to properly classify workers as employees or contractors, and the legal implications of misclassification

Braden also shares some great resources for online business owners, including her Contract Club, podcast, book, and website where you can learn more about legal and tax issues. If you're an online business owner, this episode is a must-listen! Tune in to learn how to protect your business and stay on the right side of the law. Rick Mulready's Links:

• Visit Rick's website
• DM Rick on Instagram
• Full episodes of The Art of Online Business Podcast on YouTube

Kwadwo  [QUĀY.jo]  Sampany-Kessie's Links:

• Visit Kwadwo's website for Facebook Ads help
• Say hi to Kwadwo on Instagram
• Subscribe to Kwadwo's YouTube channel to learn with him as he learns about personal finance, financial freedom, foreign languages and enjoying life!

Braden Drake's Links:

• Visit Braden's website
• Visit Braden's LinkedIn
• Follow Braden on Facebook
• Follow Braden on Instagram
• Follow Braden on TikTok
• Follow Braden on Pinterest

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