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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Common Small Business Tax Deductions
Business tax deductions are important to all small businesses. Tax deductions lower a business’s tax bill to the government and allow business owners to keep more of their hard earned money. Small business owners can benefit from common small business tax deductions if they know when to use them correctly. The penalties for misusing tax deductions can be significant and result …
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