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 Ounce of Prevention - How Businesses Can Minimize the Threat of Litigation
Litigation is not only a nuisance for a business; it can also lead to a business’s demise. The uncertainty of pending litigation can make existing and potential investors nervous and unwilling to provide the resources necessary for the business to succeed. The damage may be done even if the business is ultimately cleared of any wrongdoing. Of course, if the business is …
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How to Avoid Big Mistakes in your New Business
Each year many new businesses are formed and start with dreams of becoming successful. However, 50% of all new businesses fail within their first five years, according to the Small Business Administration (SBA). Given these statistics and what business owners have at stake, it is important to understand the most common reasons why businesses fail and how to avoid these common …
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