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How Can Bloggers Protect Themselves From Lawsuits?

I recently saw on an post on Micro Persuasions that Aaron Wall’s of SEOBook.com is being sued  for comments that others made on his blog. This is a bit disturbing since we all write in the blogosphere using our first amendment rights as place to express our ideas on various topics. While I have heard of several bloggers who have been fired for blogging this is the first I have heard of someone getting sued for their blogs comments. What’s next, bloggers getting sued for trackback pings?

I did a bit of digging around and found the EFF’s Legal Guide for Bloggers which helps explain our simple blogger rights. Also I would urge serious bloggers to look into getting themselves into a situation where their blog is protected under a corporate umbrella of some sort. The books Own Your Own Corporation and Inc. Yourself are excellent starting points in the process.