The Motley Fool

JANUARY 22, 2024

Image source: Getty Images Small business owners have to deal with a few different types of legal compliance and document filing requirements throughout the year. In most states, with just some simple paperwork and a small fee, you can set up a small business that has its own separate identity for banking , taxes, and liability purposes.

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The Motley Fool

JULY 6, 2024

Step 2: Establish your legal framework (Cost: $0 - $20) Think about what type of business structure will work best for you. Unlike a sole proprietorship, an LLC draws a legal line between you and your business. This separation not only protects your personal assets from business liabilities, but can also offer potential tax benefits.

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The Motley Fool

APRIL 6, 2024

Almost every state requires liability insurance, but many don't mandate much, if any, coverage beyond that. It's possible to comply with the law in some places with as little as $15,000 per person and $30,000 per accident in bodily injury liability coverage. Read more: check out our picks for the best car insurance companies 2.

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The Motley Fool

NOVEMBER 7, 2024

On a statutory accounting basis, the U.S. life insurance companies reported an estimated pre-tax loss of $18 million, driven by unfavorable mortality and higher new claims, as well as lower benefit from legal settlements. For the full year, we continue to expect the liability remeasurement loss from actual to expected experience.

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The Motley Fool

MAY 8, 2024

Your side hustle should be putting piles of extra cash in your bank account , not just giving your friends free cupcakes. Form an LLC or other legal business entity There's no one right answer to the question of when you should form an LLC for a side hustle. It lets you open a business bank account.

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The Motley Fool

APRIL 11, 2024

One of those choices is whether to open a separate bank account for your company or whether you should just deposit the money you make into your own personal account. For most people, opening a separate account almost always makes sense. And that means it needs its own bank account.

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The Motley Fool

OCTOBER 16, 2023

You can get more flexibility in how you are taxed on your income as a corporation, protect yourself against liability, and more easily transfer ownership. You are not required to hire a lawyer There is no requirement that you hire legal help to assist you with the incorporation process. Here's what you need to know.

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The Motley Fool

JULY 13, 2024

They build an emergency fund Another thing that most wealthy people have in common (even before they become wealthy) is the value they put on having an emergency savings account. As soon as funds have been spent, they quickly work to rebuild their account balance so it's there for the next emergency.

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The Motley Fool

FEBRUARY 19, 2025

This included a $355 million benefit from legal settlements, which are now materially complete. As we move further from the January 2021 transition date of the LDTI accounting standard for U.S. This amount could increase over time with changes to liability assumptions. We had a total estimated pre-tax statutory loss for our U.S.

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The Motley Fool

MAY 3, 2024

When you are officially ready to launch your small business, it's important to make it "official" by forming a legal entity for your business. This can include forming a limited liability company (LLC) or incorporating your business as an S Corporation or C Corporation.

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The Motley Fool

AUGUST 8, 2023

They accomplish this (legally) by using some of the most effective tax breaks available in the U.S. Here are eight ways the wealthiest Americans reduce their tax liability -- or even avoid paying taxes altogether. And he isn't alone. The best part is that you can learn from many of these and apply them to your own life.

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The Motley Fool

APRIL 16, 2024

You might also want to open a new bank account that is separate from your usual checking account where you get your paycheck. Side hustles should help you earn extra cash without jeopardizing your regular paycheck. Get a dedicated credit card that you can use for your side hustle business expenses.

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The Motley Fool

MAY 27, 2024

Image source: Getty Images Buying a general liability insurance policy is a simple, must-have way to protect your business and personal finances. But small business insurance can cover some surprising (and expensive) costs that you'd rather not pay for out of your checking account.

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The Motley Fool

MARCH 23, 2024

Don't pay vendors from a personal checking account. Don't use business bank accounts for personal expenses. There's so much great small business accounting software available now. It lets you open a business bank account and start to build business credit under the name of your company. Talk to an accountant for advice.

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The Motley Fool

JUNE 23, 2024

Form an LLC or other business entity for (nearly) free You might not want to commit to taking this step right away, but if you're serious about making money with your small business idea -- especially if your business might go from a side hustle to a full-time income -- you should form an LLC (limited liability company) or other corporate entity.

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The Motley Fool

MAY 27, 2024

Maybe you've heard of it: small business liability insurance. Let's look at what small business liability insurance is all about, and why your business needs it. What is covered by small business liability insurance?

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The Motley Fool

DECEMBER 7, 2023

Telecom stocks have been reeling throughout much of the year because of higher interest rates -- most telecom companies carry a lot of debt -- and a July report from the Wall Street Journal that suggests lead-sheathed cables still in use by legacy telecoms could lead to hefty replacement costs and financial liabilities. It invested $1.8

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The Motley Fool

SEPTEMBER 14, 2023

Unfortunately, concerns about the legal liabilities of its talc products aren't going away despite the company's efforts to bankrupt a subsidiary that manages the talc segment and limit its exposure. Paramount Global Paramount Global accounts for 0.4% Last year, it also completed a $16.6

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The Motley Fool

MAY 8, 2024

Forming an LLC or other legal business entity If you want to make your business "official" in the eyes of the law, you need to form a limited liability company (LLC), S Corporation, or other legal business entity. You don't have to hire a lawyer or an accountant to form an LLC for you.

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The Motley Fool

DECEMBER 2, 2024

For example, credit monitoring would typically notify you about any of the following: New credit applications New credit cards and loans opened Balance increases and decreases on your credit accounts Credit score increases and decreases You could then check whether you were responsible for that activity or if it's fraudulent.

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The Motley Fool

AUGUST 31, 2024

Legal and regulatory issues have been weighing down 3M's stock for years. The two most notable headwinds are product liability issues around earplugs 3M sold to the military and legal and regulatory issues around forever chemicals the company produced. For starters, it has been working on legal and regulatory resolutions.

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Zajac Group

NOVEMBER 7, 2024

In the chart below, you’ll see how much tax liability your estate may incur if it exceeds the federal exemption limit. Note that there is both a base tax charge and a marginal tax rate, which combined create your estate’s total tax liability. What About State Estate Taxes? Every year, you are given an annual gifting exclusion.

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The Motley Fool

AUGUST 5, 2024

But one ominous lesson from this episode is that even small businesses can be affected by tech outages -- and might owe big financial liabilities. Nevertheless, contractual obligations may play an important role in determining liability. The update might have impacted their clients and other dependent client businesses.

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The Motley Fool

SEPTEMBER 27, 2024

It is understandable; new entrepreneurs often use personal credit cards or bank accounts to set up the business, and then they just get lazy or sloppy and never change over. Choose the right business structure Establishing separate business credit begins with selecting the proper legal structure. And did you know that 99.9%

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The Motley Fool

MAY 28, 2024

Liability insurance is also likely a must for you -- especially if you interact with customers face to face or produce a tangible product that could harm someone. Always consider your current and future staffing when you're choosing insurance -- you can get in legal trouble if you have staff and lack the required coverage.

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The Motley Fool

JULY 10, 2024

Decide on a legal structure There are several types of business structures, and the format you choose will depend on the state in which you operate, whether you have business partners, and the overall risk of your business. Finally, an LLC, or limited liability company, creates a separate legal entity for your business.

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The Motley Fool

DECEMBER 30, 2023

But there's probably a very good legal reason why Apple has to go take a strident defense here. For our listeners that are legal experts, podcast@fool.com is where you can send those legal takes. Comcast, this time in focus announcing nearly 36 million Xfinity accounts had been compromised in a data breach. Last minute.

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The Motley Fool

MAY 15, 2024

Auto insurance is not just a legal requirement in most states; it's a crucial financial safety net. The main components include liability coverage (if you're responsible for harm to others), collision coverage, and comprehensive coverage (which covers theft and non-collision damage).

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The Motley Fool

SEPTEMBER 2, 2024

per share on account of the compensation package it has designed in the wake of the outage. For example, CNN points out that CrowdStrike's liability with Delta is limited to $10 million even though the airline reportedly suffered a $500 million revenue loss because of the outage.

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The Motley Fool

MAY 2, 2024

On a statutory accounting basis, the U.S. life insurance companies had a very strong quarter, with pre-tax income estimated at $258 million, driven primarily by benefits from LTC in-force rate actions, including the impact of legal settlements. Jerome will cover the performance of these segments in more detail later.

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The Motley Fool

FEBRUARY 26, 2024

However, we are not privy to any discussions management may have with its board of directors, and there are still known unknowns, such as the impact of legal costs and liabilities. Second, given the ongoing legal issues at 3M, it's highly likely that there will be some drain on cash from special items in 2024. billion to $12.5

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The Motley Fool

AUGUST 1, 2024

Our LTC segment reported an adjusted operating loss of $29 million in the second quarter, driven by a liability remeasurement loss. On the statutory accounting basis, the U.S. We also expect a liability remeasurement loss from actual-to-expected experience for the full year.

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The Motley Fool

AUGUST 12, 2024

Kurtz is, by accounts, a charismatic leader. Delta Airlines is taking legal action to get money from CrowdStrike and Microsoft for losses estimated to be $350 million to $500 million. This openness is more critical than many may realize. In total, estimates of losses for Fortune 500 companies due to the IT outage are $5.4

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The Motley Fool

JULY 17, 2024

The company historically focused on improving workflows for the IT industry, but has expanded into customer service, sales, legal, and other sectors. Granted, North America accounts for the bulk of the company's sales, contributing $1.6 Its SaaS subscriptions accounted for $2.5 Total liabilities were $9.4 billion in Q1.

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The Motley Fool

OCTOBER 18, 2023

Mercedes is accepting legal liability for when it's Level 3 autonomous driving system drive pilot is active. Is Tesla planning to accept legal liability for FSD? Elon Musk Well, there's a lot of people that assume we have legal liability judging by the lawsuits. And if so, when? Elon Musk Yeah.

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The Motley Fool

JUNE 3, 2024

Here are some interesting rental trends: Cars and other forms of transport Power tools IT equipment Storage space Make sure the equipment you're renting is in good condition, and be aware of any legal or liability issues. Right now, CDs and savings accounts are paying high returns, which may make them a useful tool in the short term.

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The Motley Fool

MAY 6, 2024

Joining me on today's call are Alex Karp, chief executive officer; Shyam Sankar, chief technology officer; Dave Glazer, chief financial officer; and Ryan Taylor, chief revenue officer and chief legal officer. We're seeing rapid expansions within key customer accounts. I'll now turn it over to Ryan to start the call. commercial.

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