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Research & Writing Essay Instructions
- Choose one library article from our online Library of Inspection Articles that is related to Legal and Risk Management topics. You'll study the information in the article, and then you'll write a short essay upon that information. For example, you may read this article about avoiding lawsuits and write about how a home inspector should never refer to themselves as "experts." You could also download this free "Sleep Well" book and write about what happens when a home inspector does damage to a house (pages 28-29), or about asset protection for inspectors (pages 6-8).
- In the box below titled “Your Essay," write an essay that describes what you’ve learned from reading the article.
Your essay must meet the following criteria:
- It must be written in English.
- It must be at least 80 words in length.
- It must be written at a minimum 4th-grade level.
- It must sufficiently comment upon the chosen article that is related to legal and risk management.
This research and writing essay assignment is very similar to what a home inspector does during a home inspection –researching, studying, making observations, evaluating, writing notes, formulating opinions, and communicating observations in written form.
You will submit your essay in the box that is titled “Your Essay.” Once you submit your essay, it will be posted to the InterNACHI® Inspection Forum. If the essay does not meet the criteria, you'll be notified by email to rewrite the essay.
Please continue with the course after submitting your essay.
To keep your business running smoothly and avoid legal issues, it's important to take a few essential steps after starting a corporation or limited liability company (LLC).Referencing the article from InterNACHI legal team- "I formed a corporation or limited liability company. Now what?"Step one-get an Employer Identification Number (EIN): This is like a social security number for your business, and it’s necessary for most types of businesses, including individual LLCs.
Step two-Open a Business Bank Account: Having a separate bank account just for your business helps keep things organized and makes financial tracking easier.
Step three-Keep Personal and Business Finances Separate: Make sure you use your business account solely for business expenses and your personal account for personal expenses. Mixing the two can lead to complications.
Step four-File Annual Reports and Taxes: Just like individuals, businesses have to file annual reports and tax returns. Make sure to complete these on time to avoid penalties.
Step five-Title Business Property in the Company’s Name: If you own property for your business, it should be in your business’s name, and you may need to file property tax returns for it.
Step six-Prepare Meeting Minutes: If you have shareholders or directors, it’s important to keep a record of what happens in meetings. For LLCs, this means documenting annual meetings.
Step 7-Have Written Agreements: If there are multiple owners in your business, create written agreements that outline how the business will operate.
Step eight-Maintain Licenses and Insurance: Keep all necessary licenses and insurance policies under your business’s name to ensure you’re protected.
Step nine-Clearly Show Your Business’s Identity: Make sure to identify your business type on all materials so customers and clients can easily understand what you are.
Step ten-Sign Documents as a Business Representative**: When signing legal documents, always do so as a representative of your business rather than as an individual.
By following these simple steps, you can protect both your business and personal assets, helping to avoid potential legal complications down the road.