Accounting Legal Liabilities 
The Motley Fool
JULY 25, 2024
Image source: Getty Images Most Americans have a checking account -- 90.7%, according to the most recent Survey of Consumer Finances. That's good, because this type of account is an important tool for managing money. Ideally, your checking account shouldn't cost you any money. But there are ways it can, if you're not careful.
The Motley Fool
MAY 5, 2024
While the IRS is trying to make it easier for many individual taxpayers to file their own taxes faster, cheaper, and even for free, small business owners often need an accountant. If you're starting a business or ramping up your side hustle into a full-time income, you might want to start thinking about hiring an accountant.
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The Motley Fool
OCTOBER 1, 2024
General liability insurance Liability insurance (also sometimes called CGL insurance, for comprehensive general liability) protects your business from claims related to bodily injury or property damage caused by your business or employees. CGL insurance also typically covers legal defense costs if your business is sued.
The Motley Fool
SEPTEMBER 14, 2024
But to me, maybe no decision you can make when starting a new venture is more important than what legal form the business will take. You essentially have four choices for how you will legally form your business. The legal issues and potential liability are the same, so no, we don't like this option much either.
The Motley Fool
OCTOBER 31, 2024
Image source: Getty Images If you're starting a small business, generally the first step is setting up the legal structure of your business. LLC stands for "limited liability company," which is a business structure that combines the pass-through taxation of a sole protectorship with the limited liability of a corporation.
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.
The Motley Fool
OCTOBER 8, 2023
You want to grow your business bank account balance while making smart investments in your company's future, so you don't want to spend on anything unnecessary. Every business should have liability insurance in case it is sued. Here's what they are. So, be sure to pay what you need to get high-quality professional advice.
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