This document provides 10 tips for maximizing business value and avoiding legal risks. It warns that intellectual property should be properly protected through legal means like registering business entities, keeping accurate books and records, using proper agreements for employees and contractors, properly handling names, logos, works of outside creators, and innovations. It cautions that social media and using others' intellectual property without permission can lead to lawsuits. The final tip is that a business cannot be sold if its intellectual property is not properly owned.