At one time or another, just about everyone dreams of becoming self employed. The thought of setting their own schedule, answering only to themselves, and following a dream is intriguing. Much of time, while daydreaming from a desk, a future entrepreneur doesn't consider all that goes into starting a business. When venturing out of the job force and into self employment, there are several things to consider. Taxes, licenses, and setting...more
If you own your own business, you may need to invest in self employed liability insurance. Lawsuits are very common in this day and age. You don't want to leave yourself and your business open to liability that can destroy your company's financial future as well as your family's fiscal well-being. What if a customer slips and falls in your business establishment? They can sue you for negligence and chances are you would be...more
Identity theft is a constant threat to personal security for individuals and businesses. Criminals can do more than just steal money from you if they steal your personal identity; they can become you. Criminals can apply for driving licenses or passports in your name and they can destroy your credit rating by committing your name to loans they never intend to repay. A criminal can also apply for a corporate credit card if they find sufficient information to take on the identity of one of the directors. Known as 'company hijacking', criminals have been known to steal entire corporate identities. This is done by applying to Companies House and changing the registered address of the business, changing the name of the company secretary or directory, or appointing new directors. The impostor directors can then open new bank accounts and have goods delivered to the pretend address, ruining the credit rating of the business and burdening it with massive charges to clear. Businesses have a duty to store and destroy data securely. Holding employee information is particularly risky. If you have an employee that leaves, you will need to discard their information. It would be...more
Professionals like doctors, lawyers and accountants are bound to provide service according to high quality standards set in their respective fields. Mistakes occur in each and every profession but if the service or treatment provided causes damages of financial loss, then the client or patient will at a huge loss. Legal fee and compensation are...more
General liability insurance company's do not all perform at the same levels. Some are very diligent and will help you to get coverage that protects you to the maximum possible extent. Others will sell you cookie-cutter policies that are put together for businesses in general, but that provide inadequate coverage for most of the businesses that...more
Corporation as an LLC Member A corporation can be a member of an LLC. This allows you to create an additional level of ownership, which is designed to create an entity that can offer such traditional fringe benefits as retirement plans and an additional level of protection from liability.Incorporation 101: The Nature of Limited Liability Companies By: MyUSACorporation.com About the Author MyUSACorporation.com is an online business dedicated to help entrepreneurs with all their business filing needs. MyUSAcorporation can help incorporate your businesses, form an LLC, obtain various business licenses, and much more. (ArticlesBase SC #3536776) Article Source: http://www.articlesbase.com/ - Incorporation 101: The Nature of Limited Liability Companies more
Any business in the Philadelphia area, or anywhere in the world for that matter, does well to always keep potential corporate liability in mind. Destroying old documents is one part of an overall liability management program that corporations should...more
In many states, including Texas, liability auto insurance is compulsory. It is important to find cheap liability insurance in Texas to ensure that you are covered. Most cars are involved in an accident at one time or another and therefore you should...more
For a great many people who own their homes outright, insurance cover is one of the first costs that they cut when they have the opportunity. The reality is that insurance is important for not just those with a mortgage, but also for those who...more
As a business owner, it is important that you cover all bases and make sure that you don't leave anything to chance. Public liability insurance can be vital for many companies and without it you may well end up being faced with a huge bill if...more
Select Cushions For Your Bistro Considering Your Careless Clients By: Kenny F Leichester About the Author patioshoppers.com - a site with the biggest selection of...more
The liability insurance policy is basically designed for taking care of your business in opposition to the various claims made by different people if they are affected or their property is affected because of your business actions. Previously it was...more