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Building a Home Gym? Make Sure Your Homeowners Insurance Covers This

The Motley Fool

Don't forget liability if working out with friends We all like to think we'd ever end up in legal trouble with a former friend. But if the worst happens and a workout buddy gets injured in your home gym, the fallout could be damaging to your friendship -- and your finances.

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How to Start a Business for Under $100

The Motley Fool

Map out your finances and set goals to help you stay on track. 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. The cost here is your time.

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

The Motley Fool

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. But if you're starting to make serious money from your side hustle, forming a limited liability company (LLC) or other legal business entity could be a good move.

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7 Ways Everyday People Become Millionaires

The Motley Fool

That means not carrying credit card debt from month to month or financing a new boat, ATV, or vacation whenever the whim strikes. They take full advantage of an employer's life or disability insurance accounts, health savings accounts (HSA), and even employer legal services.

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4 Biggest Mistakes You Can Make With Your Checking Account

The Motley Fool

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. You can use it to get your paychecks deposited, pay your bills, and transfer money where you need it.

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The Single Most Effective First Step in Launching Your Small Business

The Motley Fool

But it could be the most important move you ever make for your business and personal finances. 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. But having a legal entity for your business can still provide peace of mind. You did it!

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7 Tax Mistakes That Can Cost Small Business Owners Thousands

The Motley Fool

These tax mistakes could be separating you from too many of your hard-earned dollars -- and undermining your long-term financial wellness -- in your business and personal finances. If you do not have a clear, separate financial identity for your business and personal finances, you're making life harder for yourself.

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