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. These prices could come in at around $100 a day or more.

Liabilities 241

Liabilities Legal Assets Accounting 241

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.

Legal 246

Legal Taxes Liabilities Shareholders 246

The Motley Fool

OCTOBER 8, 2023

Every business should have liability insurance in case it is sued. Professional help for accounting or legal issues Companies can face a host of legal and accounting issues that must be addressed. Here's what they are. Insurance Insurance provides vital protection against potentially devastating financial losses.

Legal 246

Legal Taxes Liabilities Banks 246

The Motley Fool

MAY 8, 2024

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.

Legal 244

Legal Consulting Consultants Liabilities 244

The Motley Fool

JUNE 22, 2024

The phrase "trust fund" might conjure images of a spoiled teenager, but trusts are powerful legal documents that many people should consider when estate planning. Essentially, an irrevocable trust allows the grantor to still use their assets, while legally making them the property of the trust.

Legal 246

Legal Taxes Assets Liabilities 246

The Motley Fool

APRIL 18, 2024

Anyone who owns a small business with a legal entity, like a limited liability corporation (LLC) should pay attention to this new rule. Treasury Department wants to prevent suspicious LLCs and other legal business entities from being used for financial crimes. You cannot afford to miss this deadline.

Legal 246

Legal Taxes Liabilities Banks 246

The Motley Fool

FEBRUARY 25, 2024

There can be pretty hefty financial and legal consequences to driving uninsured, particularly if you're in an accident. Mississippi There are a few ways you can cover yourself to drive in Mississippi, but the most common is to carry minimum liability insurance. In short, the risk massively outweighs any short-term savings.

Legal 238

Legal Liabilities Companies 238

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.

Legal 245

Legal Startups Banks Taxes 245

The Motley Fool

SEPTEMBER 21, 2023

3M's legal problems haven't entirely gone away Industrial giant 3M is fighting a number of lawsuits. It followed that up with a $6 billion settlement over product liability regarding earplugs it sold to the U.S. And on top of that, 3M has decided to make some notable business changes because of its legal issues.

Legal 246

Legal Liabilities Leveraging Debt 246

The Motley Fool

AUGUST 6, 2023

Otherwise, you will be unable to rent out your investment property legally, leading to fines and potential legal action. Some require a home-sharing permit, some a tourist license, and others require you to pay a hotel tax and carry liability insurance. It's essential to ensure your investment follows all the laws in your area.

Legal 246

Legal Investing Taxes Liabilities 246

The Motley Fool

MARCH 4, 2024

Liability coverage is another area where it's not a good idea to go with the cheapest option. You may be able to get away with $30,000 in liability coverage to satisfy your state's legal requirements. If you have a new car, you should get full coverage.

Liabilities 242

Liabilities Legal Companies Funds 242

The Motley Fool

JULY 3, 2023

yield is impressive, but it's not sustainable for the long haul as growth fades and the sin stock's legal combatants have their day in court. They are all legally accepted vices with huge addressable markets. The stock's 8.5% Analysts see revenue rising a mere 0.6% this year, with adjusted earnings per share climbing by less than 3%.

Legal 246

Legal Liabilities Prospects Portfolios 246

The Motley Fool

JULY 31, 2023

Johnson & Johnson created LTL Management in 2021 as a separate company to bear all of its talc liabilities. The company believes that its talc products are safe and that the legal claims lack merit. Bankruptcy Court for the District of New Jersey dismissed a bankruptcy case filed by J&J subsidiary LTL Management.

Legal 245

Legal Liabilities Investors Returns 245

The Motley Fool

SEPTEMBER 30, 2024

The company also could face legal challenges from certain customers because of the outage -- Delta Air Lines has spoken of potential legal action -- though clauses in CrowdStrike's contracts could limit its liability and the company's insurance policies may further lower any expenses linked to the outage.

Legal 246

Legal Liabilities Companies Returns 246

The Motley Fool

DECEMBER 10, 2023

According to AAA, more people reported engaging in risky driving behaviors -- like driving more than 15 mph over the speed limit on the freeway, reading emails or texts behind the wheel, and even driving when they knew they were probably legally drunk -- in 2021 compared to 2020. One thing you want to avoid: lowering your liability coverage.

Liabilities 245

Liabilities Legal Companies Funds 245

The Motley Fool

DECEMBER 31, 2023

It's called an exculpatory clause, and it makes it really difficult to get an effective legal remedy. It may be hard to find an inspector who doesn't try to limit their liability this way, but you can always ask before you hire one. This clause is common in home inspection contracts.

Legal 246

Legal Liabilities Companies 246

The Motley Fool

JULY 13, 2024

They take full advantage of an employer's life or disability insurance accounts, health savings accounts (HSA), and even employer legal services. They take advantage of tax deductions Millionaires have learned that minimizing their tax liability is an overall strategy for protecting their personal finances.

Taxes 246

Taxes Debt Depreciation Financing 246

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.

Legal 130

Legal Liabilities Taxes Banks 130

The Motley Fool

JULY 25, 2024

There are fraud protections for unauthorized debit card transactions, but the level of protection depends on how quickly you report the loss of your debit card.

Accounting 49

Accounting Banks Legal Liabilities 49

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.

Liabilities 130

Liabilities Legal Professional Services Assets 130

The Motley Fool

JULY 18, 2024

Part of that dip can be attributed to concerns regarding legal liabilities related to lawsuits involving its talc products. Johnson & Johnson Another quality business with a long track record of regularly hiking its dividends is healthcare staple Johnson & Johnson (NYSE: JNJ).

Legal 243

Legal Liabilities Shareholders Returns 243

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. Small business general liability insurance can protect you from this situation. If you have a product liability insurance policy, your insurance company can help.

Liabilities 130

Liabilities Professional Services Legal Consulting 130

The Motley Fool

AUGUST 7, 2023

The bear case for 3M Lee Samaha : Even setting aside its ongoing exposure to potential legal liabilities, 3M has struggled operationally in recent years. To provide greater insight into its prospects and the potential pitfalls, two fool.com contributors examine the bear and bull arguments for 3M stock.

Legal 242

Legal Liabilities Prospects Shareholders 242

The Motley Fool

NOVEMBER 25, 2023

While it might seem like Visa is giving up a sizable opportunity, this decision ensures that the company has no direct liability when credit delinquencies and loan losses rise during periods of economic weakness. In 2024, New Hampshire and Florida will both have a good shot to tip the scales toward adult-use legalization.

Legal 245

Legal Liabilities Shareholders Capital 245

The Motley Fool

DECEMBER 1, 2023

Pinning financial liability on a telecom provider for old cables that were legal when they were installed seems like an uphill battle. AT&T shares have been under pressure thanks to a report from The Wall Street Journal this summer that suggests legacy cables that were sheathed in lead are a major health risk.

Legal 246

Legal Liabilities Shareholders Portfolios 246

The Motley Fool

APRIL 16, 2024

And if your side hustle starts earning serious money, and you want to turn it into an "official" small business, you might want to form an LLC (limited liability company) to get extra tax benefits and legal protections.

Taxes 246

Taxes Legal Liabilities Financing 246

The Motley Fool

MARCH 15, 2024

That will help 3M deal with its legal payments, but the struggles in the core business shouldn't be overlooked. The upcoming spinoff of its healthcare business could bring in as much as $12 billion over the next five years as 3M receives a windfall from the company to be known as Solventum, including a $7.7 Organic sales fell 3.2%

Conglomerates 246

Conglomerates Legal Liabilities Stakes 246

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.

Startups 233

Startups Banks Legal Liabilities 233

The Motley Fool

JANUARY 8, 2024

Some homeowners insurance policies can also protect you from theft or legal liabilities, like if someone slips on your sidewalk and sues you for negligence. For example, the California FAIR plan covers fire, but not other residential property insurance coverages like theft or liability.

Liabilities 200

Liabilities Legal Private Companies Companies 200

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?

Liabilities 130

Liabilities Professional Services Consulting Consultants 130

The Motley Fool

DECEMBER 2, 2024

0 fraud liability Despite your bank's best efforts, you notice a fraudulent transaction on your credit card statement. Legally, you're not responsible for digital transactions made using your card number. But many card issuers take it a step further and have zero-liability protection.

Liabilities 130

Liabilities Banks Legal Accounting 130

The Motley Fool

MAY 5, 2024

If your business is simple and you don't have a legal business entity with an employer ID number (EIN) that is required to file its own tax return, you might be able to file your own taxes with one of the best tax software programs. This can give you extra financial flexibility for payroll taxes and the tax treatment of your business income.

Accounting 246

Accounting Taxes Legal Liabilities 246

The Motley Fool

JULY 19, 2024

It's also possible that the outage could expose the company to some legal liability. The widespread service crash and related issues could make it more difficult for CrowdStrike to attract new customers and build relationships with those that are already using its services.

Legal 188

Legal Liabilities Returns Investors 188

The Motley Fool

DECEMBER 10, 2024

While fuboTV's legal argument was likely at least part of the reason Walt Disney , Fox , and Warner Bros. The company's total liabilities are just a little more than that amount, with practically none of that being long-term debt. It hasn't seemed to matter much of late. The argument does hold some water though.

Buyout 228

Buyout Prospects Legal Liabilities 228

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.

Taxes 245

Taxes Depreciation Legal Liabilities 245

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

Investing 245

Investing Liabilities Legal Asset Management 245

The Motley Fool

MAY 11, 2024

There has been a massive overhang on 3M (NYSE: MMM) for several years from legal, regulatory, and corporate issues. First, there were legal issues surrounding product liability because of earplugs the industrial company sold to the military. To top it off, the legal and regulatory headwinds are likely to linger for longer.

Legal 130

Legal Liabilities Prospects Investors 130