This is the best time to start your online ventures to replace your full time salary. I will discuss this in more details as we go along but it is very important to note down a few things before even getting started. Just like any other offline business, it is very important to know the lawof doing business online. Even having a web site can put you into trouble if you do not take into consideration some of the issues that other online companies do.

For this, I love to work with a specialised internet lawyer.

If you do a simple search on the web, you will see how many companies lost just about everything they had and became bankrupt due to a lawsuit filed against them for something very simple. Let’s face it, if you are doing online business, you are gathering certain information about the users - their IP addresses, email addresses, sometimes even payment information and god forbid if someone gets access to this information from outside and exploits it - YOU ARE DONE.

Fortunately there are several documents that you can put up on your web site that will save you from any such issue. So your first step is to get the following documents professionally written by a reputed internet lawyer, for your web site(s):

• Terms of Use
• Privacy Policy
• Terms and Conditions
• Agreement Documents

These documents should be presented to the users before giving them acccess to your web site. After you clearly tell them about the measures you have taken to protect their information, your intention of using their information and the fact that you will NOT be responsible if that information is stolen from your web site or any such event. Please note that I am only giving you examples, when your lawyer writes these documents for your web site, he/she will go into every specific detail of your business model and protect you from any possible suit.

There can be lot of attorneys out there claiming that they can provide you with the most comprehensive documents BUT here is my suggestion:

Choose an internet lawyer based on a recommendation from another Online Business Owner. As basic as it sounds, it is very important for you to hire the lawyer who comes highly recommended from other business owners.

I am not an affiliate or reseller for my internet lawyer, but he has done such a wonderful job for me that I can’t resist recommending him.

His name is Michael (Mike) Young
Website: www.mikeyounglaw.com/ 

Mike has great experience, he works with you one on one, understanding your business model, makes suggestions for following safe practices, and delivers fool proof documentation that will always keep you safe from individuals and companies looking for loopholes in your business. He proudly stands behind his work.

 The only problem in getting started with him is that he DOES NOT take any clients that go to him without a referral. Now, I know that Mike is THE internet lawyer to work with and I do not have any problem in recommending him to you and vice versa but in order for me to do that it is important that I know what kind of work are you looking for and that you are a willing client. So to have me recommend you to him, send me an email with the details about your online business using the contact me information on this blog and if satisfied with your response, I will send you his contact details and send him an email requesting him to work with you.

Please Note: I am not a middle-person for his work or an affiliate or a reseller. I am simply recommending him as a thank you to you for visiting my blog and utilizing the resources I am offering.

Once you have your legal stuff sorted out, your next step will be to start putting things together. Based on the various different niches you will be able to decide what products you want to promote and how to get started. So do your homework and look out for the next article that will tell you how to do a niche research.

Mike Young has written an ebook that tells you how you can protect your online business. Follow the following link to get more information about it. You will also get some free information on the following:

Here’s 7 common Internet marketing mistakes that you should avoid at all costs…
1. Doing business online using the wrong type of legal entity.
2. Letting your web designer steal your online business.
3. Doing joint ventures without the right legal protections in place.
4. Sending out e-mail that accidentally makes you a spammer.
5. Not knowing intellectual property law basics.
6. Outsourcing work without protecting yourself.
7. Doing illegal business around the world.

Visit www.raakesh.com/legal_secrets for more details

Also visit www.raakesh.com/legal_secrets for more information on the Legal Secrets followed by many successful online companies. 

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