What is limited liabilty?
Limited liability is a principle of business law which shields the owners of a business from the business's liabilities. Owners of a business which has limited liability may lose …
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An Overview of the Uniform Commercial Code
Each state in the United States has the authority to enact its own laws. While federal laws apply equally to all states, state law is only applicable to matters that occur in that state’s jurisdiction. Generally, this system works well. However, there are matters were uniformity among the state laws are desirable. Commercial transactions, which often occur in more …
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What is Your Business Worth?
It can be challenging to determine how much your business is worth. However, if you want to use your business as collateral for a loan or if you want to sell your business then it is very important to come up with an accurate valuation. Much like selling a home, there is no exact science or magic figure that determines what your property, or your business, is worth. Instead you have …
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