Here you will write a portion about all the legal aspects that might affect your business. And help identify what insurance coverage (see insurance section of basics to starting) that you might require. In which you can utilize this section to list how you are positioned to protect yourself with the insurance.

Will you need any specific licences, contracts, inspections, etc.? Consider a business licence, location & zoning by-laws, health inspections, intellectual property, an operating licence, any industry specific licences, import/export licence, registering employees, and so on. Provide a brief explanation of how or when you will obtain the items you’ve listed and any barriers you foresee