Always Declare the Controlling State LawIf you don’t declare the controlling state law somewhere in your online contracts or your website, then anyone who sues you can determine the state law that applies. As long as the plaintiff can show good reason for suing you from that particular state, that state's laws will apply. This means that you could be hauled into court on the other side of the country, and it could also mean that you will be more likely to lose based on the standards of the other state’s court. You can create Online Terms and Conditions to declare the governing state.
Set Up a Separate Business Checking AccountIn most states, including Delaware, Kentucky, and Florida, you must handle all business transactions through a separate business account if you want to receive the greatest number of business deductions or maintain corporate protection. Always keep your business finances and your personal finances separate. If you don’t, you could face expensive fees and penalties.
This article contains general legal information and does not contain legal advice. Rocket Lawyer is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.