A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.

Different types of businesses and business interests hold different levels of liability when it comes to debts and obligations. Owners of sole proprietorship businesses and general partnerships may be ...

A certificate of liability insurance proves you have coverage. Buy a policy, then download your certificate of insurance. Many, or all, of the products featured on this page are from our advertising ...

Liability management involves balancing customer deposits and borrowed funds to ensure banks can lend effectively while maintaining stability and reducing financial risks.

Accounting gives a business a way to keep track of its liabilities and expenses. In terms of liability vs. expense accounts, a liability refers to a financial obligation, or upcoming duty to pay. An ...

Businesses that provide services for a fee should have professional liability insurance. Many, or all, of the products featured on this page are from our advertising partners who compensate us when ...

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

Cyber liability insurance protects a company against cyberattacks that can result millions of dollars of damages.

If you're held responsible after a car accident, liability insurance pays for damages or injuries you might have caused. It's required in nearly every state, and while most people add comprehensive ...