[e1g]

“Risk management” involves nuanced trade-offs that are often specific to the business/owner/clients triad. Rarely there is a clear option that is strictly better, otherwise there wouldn’t exist options, and to know the subtleties of each requires expertise that you will not obtain given the complexities of law/finance/tax/compliance. The internet is not a good source of information because this is not a general interest topic and the wisdom of the crowds rarely applies.

For most effective outcomes, your best strategy is to spend the same time on generating/increasing revenue, and using a portion of the surplus to hire experts to protect you. Doing risk management ahead or instead of value creation misses the point of business.