Artashes, this is such a true statement. There are three keys to a successful, happy and healthy business. A good lawyer, a good insuracne agent, and a good accountant. If you incorporate which I hope everyone does for their business, make sure to pick up a business general liability policy too.

While incorporation almost always gives you persona liability protection unless you use it for personal gain like using the same personal and business bank account having a incopration does not protect business assets. If someone sues your incorporated entity and they win you'll have probably no assets left and no business. For less than $300.00 a year in most states you can pick up $2 million in liability coverage that will save you from closing up shop as long as your running your business legally.

As a business owner, you take risk. Don't take a risk on your well being and your business well being.