Finance, contracts and compliance
🔒Join free to watch this video lessonFree account · takes 30 seconds · no card neededJoin free & watchAlready a member? Log inProtect the business with contracts, finance systems, insurance and compliance processes.
In this lesson you’ll learn to
- I use written contracts and IOs
- I keep separate business finances
- I track margin by client
- I have appropriate insurance
- I run a compliance programme
Contracts
Service agreements with scope, fees, payment terms, data protection, intellectual property, liability limits and termination. Insertion orders (IOs) for performance deals with payout, caps and quality terms.
Finance
• Separate business accounts and bookkeeping.
• Invoice promptly; chase late payments.
• Track gross margin by client and campaign.
• Plan for taxes.
Insurance
Professional liability and cyber insurance are common for agencies and lead generators.
Compliance programme
Policies for advertising claims, consent, data, call recording and vendors; regular audits.
This is general information — get legal and tax advice for your jurisdiction.
🧪 Practise this skill
Try it in a free Practice Lab and get instant feedback.
💬 Questions about this lesson?
Ask a questionAsk the community — practitioners and the BFOUNT team answer.
Was this lesson helpful?