Judge, Jury, and eCommerce: The Laws That Govern Online Business with Paul Rafelson [The Opportunity Ep.116]

Many online business owners assume that because they work
online they are exempt from the laws and regulations of different
states and countries. 


Unfortunately, this assumption is not true and can result
in unsuspecting sellers finding themselves in hot water with the
law.


In many cases, the law hasn't caught up to the advancements
made in online business which often leads to eCommerce sellers
being treated unfairly. 


It was this injustice that inspired Paul Rafelson to defend
eCommerce sellers. Paul is a Partner at Rafelson Law PLLC, a law
firm that specializes in eCommerce law, Intellectual Property,
M&A, Amazon Suspensions, Disputes, and more.


In this episode, Paul walks us through the common legal
problems that eCommerce sellers face. He breaks down the nexus
tax issue that plagued Amazon merchants and explains the key
points your Amazon insurance policy should contain.


We also dive into how having an M&A lawyer in your
corner when selling your business can make a world of difference.
According to Paul, 


"Aside from marriage and children, selling your business
will probably be the most important transaction of your life.
It's your game-changing story, and that's huge, so you want to do
it right."


Paul explains the nuances of negotiating with aggregators
vs normal buyers and shares tips on how to ensure a successful
negotiation. He also reveals some of the potential pitfalls of
earnout agreements and how to ensure you get the money owed to
you. 


If you want to ensure that your eCommerce business stays on
the right side of the law, then don't miss a second of this
episode!
Topics Discussed in This Episode:


How Paul became a lawyer and got into the online business
industry (04:12)


The nexus tax issue that inspired the formation of Paul's
law firm (13:53)


The common legal problems that Amazon sellers face
(20:43)


The legal risks of starting an FBA business vs Shopify
(36:52)


An overview of what an Amazon insurance policy should
contain (44:16)


The benefits of hiring an M&A lawyer when selling
your online business (45:37)


The differences between negotiating a sale with
aggregators vs citizen buyers (49:25)


The potential dangers of earnouts (53:25)


Paul's tips for eCommerce sellers when it comes to
negotiating with buyers (57:35)

Mentions:


Empire Flippers Podcast


Empire Flippers Marketplace


Schedule a call with our expert sales
advisors 


Rafelson Law Firm


Seller Basics



Sit back, grab a coffee, and learn valuable insights about
eCommerce law!