Liability Archives

Everything You Need to Know About Fraud Liability

By SmallBizClub | Mar 31, 2016

It’s no wonder small businesses are feeling pressured or even overwhelmed by security concerns today. From federally mandated EMV chip updates to POS systems to worries about online fraud, questions over security measures and potential liability abound. Tackling these issues head on means balancing convenience, liability protection and implementation costs. It also means gaining a…

Product Liability Law in Additive Manufacturing: 4 Tips to Make Sure You’re Covered

By Redshift | Dec 10, 2015

Additive manufacturing, a.k.a. 3D printing, is one of the most important advances in manufacturing, period. And with 3D printers becoming more available (and affordable) every day, anyone can become a manufacturer, from an engineering student making single parts to a startup hoping to sell millions of customizable products. The possibilities are exciting, but it’s also…

Sole Proprietorship: Is the Risk Worth It?

By TaxConnections | Oct 13, 2015

If you are considering starting a business, the simplest and least expensive form of business is a sole proprietorship. A sole proprietorship is a one-person business that reports its income directly on the individual’s personal tax return (Form 1040) using a Schedule C. There is no need to file a separate tax return as is…

What Types of Insurance Does Your Small Business Need?

By SmallBizClub | Sep 18, 2015

It’s never been easy running a small business. The risks you face as an entrepreneur start to affect you the day you register and get started. These risks need to be dealt with at the earliest, preferably before you hire your very first employee. Thankfully, there is a clear and simple way to deal with…

5 Reasons You Should Incorporate Your Business

By SmallBizClub | Feb 10, 2015

Incorporation provides your business with a legal structure, declaring it an entity separate from you, the owner. Whether you form a corporation or LLC there are many advantages to consider.

S Corporation: What Are the Benefits?

By TaxConnections | May 29, 2014

An S Corporation or S Corp is an eligible domestic corporation that has elected to be treated as an S Corporation for tax purposes. S Corporations avoid double taxation on corporate income.

What You Need to Know About Business Law

By Under30CEO | Feb 5, 2014

When you start a business, you will need to figure out the legal requirements that apply to your business and the laws that you need to adhere to.

Are You Still Using Your Personal Bank Account for Your Business?

By Nellie Akalp | Oct 29, 2013

For the small business owner, there’s typically little separation between business and personal. You bring your work home (or you may even work from home). You’ve probably invested your own money in the business, or skipped a pay check or two to keep the business going.

What Every Entrepreneur Needs to Know About Liability

By Nellie Akalp | Sep 16, 2013

While it’s true that some businesses are inherently riskier than others, all business owners (including freelancers) should be familiar with potential liability issues and what they can do to minimize the risk.

What is a Business Owner’s Policy, or BOP?

By Rebecca Kincaid | Jul 26, 2013

One of the most popular insurance forms for small businesses is a business owner’s plan, or BOP. These policies have developed in recent years and increased in popularity. These policies are convenient and specifically designed for small or medium sized businesses.