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Top 3 Lessons From the CrowdStrike Outage: Why You Need Small Business Insurance

The Motley Fool

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. "The

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Unexpected Risks That Your Small Business Insurance Should Cover

The Motley Fool

Image source: Getty Images Buying a general liability insurance policy is a simple, must-have way to protect your business and personal finances. Small business general liability insurance can protect you from this situation. If you have a product liability insurance policy, your insurance company can help.

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This Is How Much Capital You Really Need to Start Your Small Business

The Motley Fool

Home-based professional services business: $1,000 (or less) If you have professional skills that can be used to start a business as a consultant or freelancer, congratulations: you have a chance to start one of the lowest-cost businesses of all. Online store: $40,000 You don't always need a lot of money to start an online store.

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Top 5 Tips to Make Your Side Hustle More 'Serious' (and Successful)

The Motley Fool

Whether it's a graphic design consulting business, a small online craft store, a cupcake bakery, or a home-based meal prep service, a side hustle can be a great way to earn extra cash. Image source: The Motley Fool/Upsplash So you've started a side hustle.

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Is Your Small Business Ready for This New Federal Reporting Requirement in 2024?

The Motley Fool

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. There are many ways to set up a business structure, such as an LLC (limited liability company), corporation, or other business entity.

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Beyond Freelancing: Building a Business from Your Freelance Skills

The Motley Fool

For example, if you own a home repair company with a partner, you may want the liability protection of an LLC, while a solo graphic designer might choose a sole proprietorship. Finally, an LLC, or limited liability company, creates a separate legal entity for your business. How much will you invest in marketing?

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3 Tax Optimization Strategies to Remember for Retirement

Integrity Financial Planning

As you plan for retirement, it’s important to consider tax optimization strategies to minimize your tax liabilities. 1] Many states offer tax breaks for retirement income or have no income tax, which can help you reduce your tax liabilities in retirement.

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