When running a business, understanding the differences between general liability insurance and workers compensation insurance is crucial. General liability insurance covers claims related to third-party injuries or property damage. This means if a customer falls in your store or a contractor accidentally breaks a client's property, general liability insurance would come into … [Read more...]
How a Lawsuit Can Affect Your Online Business
No one enjoys being sued, but this is especially true when your online business is at stake. A lawsuit will affect you long after the final judgment has been declared. It’s vital to know what to expect so that you can be prepared to do damage control. Photo credit Brand When you start an online business, reputation plays a crucial role in how successful … [Read more...]
Fearing Chapter 7? Here’s What You Need to Learn
Most people are afraid of filing for bankruptcy in general. They think that filing for bankruptcy meant loss of credit score forever, loss of financial credibility and total wipeout of their assets and properties. While some of this can be true, many of these fears simply come from myths and misconceptions. Not to mention they have little idea that they have options – in a form … [Read more...]
4 Reasons To Consult Legal Counsel Before Forming Your Company
The best part about launching a business today is you can submit most paperwork online. This includes the most important paperwork of all: filing to create your business entity, whether it’s an LLC, an S Corp, or a standard C Corp. The process is easy, but before you submit your documents, make sure you contact an attorney for the following reasons: 1. You Might … [Read more...]