New companies start-up everyday, but most don't make it. There are tons of factors that influence whether a business will prosper or not, but there are also mistakes you could be making. Protect Your Personal Assets released this video with some tips to help your company survive the recession. If you haven't formed an LLC, limited liability corporation, that's a vital place to start. Without an LLC, you are personally responsible for all debt and lawsuits against your company. Therefore, if something goes wrong and you are not protected, you can have your personal assets seized from you. Society loves lawsuits, especially with such a bad economy, so it's very important you protect yourself.
