Simplifying Legal for Small Business Owners

055: Contracts Service Business Owners Need


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As a service-based business owner, you know you need contracts. But which ones do you really need? I received this question when I asked a handful of service business owners what they most wanted to know about legal. And it’s a good one, so I dedicate this week to answering it. For this episode, I focus on contract needs for service-based business owners. Even if you don’t categorize your business that way, you’ll probably still need a few of these agreements too. I discuss the necessary contracts and some of the most important terms to include in them.

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In this episode:

[02:05] - For the purpose of this episode, Danielle discusses how she defines a service-based business.

[03:11] - The first agreement is essential for all service business owners.

[04:43] - Not every service-based business needs subcontractor agreements, but here’s what you need to know about them.

[06:58] - Make sure you include these terms in your subcontractor agreement.

[08:18] - Danielle illustrates the difference between contractor and subcontractor agreements.

[09:25] - What terms should you cover in your contractor agreements?

[10:30] - Danielle talks about ongoing service contracts and why they need to be considered separate from contractor agreements, despite some similarities.

[11:24] - What should you look at in ongoing service agreements?

[12:20] - This last contract type may not apply to every service-based business, either.

[13:51] - Danielle provides today’s action steps to end the episode.

 

Links & Resources:

Episode 8: “When Do You Need a Contract?”

Episode 18: “Client Agreements for Service Business Owners”

Episode 43: “Working with Subcontractors”

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Simplifying Legal for Small Business OwnersBy Danielle Liss

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