5 Legal Tips for Protecting Your Online Assets

By on December 18, 2008

If you’re a domainer, you have lots of online assets. But are you properly protecting them? There are a few legal steps you should take to ensure that your online property is secure.

1. Use Good Security

This first tip isn’t really about the law. It’s just common sense.

Use adequate passwords. Keep them in a safe place. Change them often.

All your legal efforts won’t amount to anything if you use passwords like “password” and write them on a sticky note.

2. Pay Attention to Names

Many people form companies for their business purposes, to protect their personal assets. To be effective, your assets have to be owned by the company.

When you buy a domain or a website, you should always make sure the business actually owns it. If you own it personally, your personal creditors could seize it to collect a judgment.

3. Watch Your Agents

If you have given someone else the authority to handle your affairs, they’re your agent. They have legal responsibilities to you in the way they handle your affairs.

To protect yourself and your online assets, be sure to keep an eye on your agents. Agents steal from their employers even when they work in the same office. Think how much easier it would be to steal when everything is online. Make sure they aren’t handling things improperly or stealing from you.

4. Make a List

What will happen to your online assets, if something happens to you? Does your significant other or next of kin know about your online life?

To make it easy for your next of kin to handle your assets, you should at least keep a list of what you own. You could take the extra step of writing out instructions on how to manage your websites, where to access your domain portfolio, etc.

5. Review Your Will

If you’re an adult, you should have a will. And you should review it every five years.

If you executed a will 15 years ago, you probably didn’t even own domains at that time. Your will doesn’t need to specifically mention your online property, but it should properly implement your wishes. Changes in technology are but one reason to review and update your will throughout life.

This is a Guest Post by…
Andrew Flusche, a Virginia lawyer who works with individuals and businesses. He is also a Virginia reckless driving lawyer.

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About Mark Fulton

Mark is the Founder of DotSauce Magazine and a full time web developer, domain investor, SEO and online marketing professional residing in North Carolina, USA. Visit MarkFulton.com for information on freelance website development, SEO and consultation services.