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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Employer Identification Numbers
Employer identification numbers (EINs) are federal tax identification numbers assigned by the Internal Revenue Service (IRS) to businesses in the United States. As the name implies, the employer identification number is used by the IRS to identify the tax accounts of certain businesses in much the same way that social security numbers identify individuals. The IRS does not …
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I am a small business owner. What do I need to know about warranties?
If you are a small business owner, you have probably already experienced the customer who is dissatisfied with the item or merchandise that you have sold him or her. While dealing with the unhappy customer is another issue altogether, it does pay to be knowledgeable about the warranties you are required to give for items that you sell. In other words, it is important to know what you …
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