article thumbnail

Is an LLC Worth It for Sole Proprietors?

The Motley Fool

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 main benefits of creating an LLC include: Liability protection: An LLC protects your personal assets by separating your business and personal assets.

Legal 246
article thumbnail

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Single Best Insurance Policy Every Small Business Needs

The Motley Fool

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?

article thumbnail

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.

article thumbnail

Is IBM Stock a Buy Now?

The Motley Fool

However, its consulting division, a key revenue-generating area of Big Blue's business, was down 1% year over year to $5.2 IBM management noted that the decline was due to macroeconomic factors slowing customer spending on consulting services. Its Q2 total liabilities were $109.7 billion in Q2. billion, with $12.2

article thumbnail

2025 Income Tax Brackets Were Just Released. Where Do You Fall?

The Motley Fool

This change in income thresholds creates an opportunity for workers to optimize their tax liability. Itemizing deductions can be complicated, and taxpayers should consult with a qualified tax advisor before taking this route. But the same earner would be in the 12% marginal tax bracket in 2025.

Taxes 130
article thumbnail

How to Choose the Best Legal Structure for Your Startup

The Motley Fool

The legal issues and potential liability are the same, so no, we don't like this option much either. In addition, know that with a partnership, one partner can take on a debt or liability, or sign a contract in the name of the business, and both partners are liable for it. LLC stands for Limited Liability Company.

Legal 130