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Do you have to have a business name to take out general liability ins?
Wiki User
∙ 14y ago
A business name is not required to obtain general liability insurance for your business. It is recommended that you incorporate your business to limit your liability.
Wiki User
∙ 14y ago
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What companies provide business liability insurance?
Nationwide does offer general liability insurance as well as business liability insurance. Geico and many other insurance companies also offer liability insurance, it just might take a bit of sifting through to make sure they have what is needed.
Is the loan you take to buy the business considered a liability and equity?
The loan is considered a liability - The value of the company is the equity.
Which is an advantage of a limited partnership?
Liability Protection:In general partnerships, each participant is personally responsible for the actions of the company. This includes debts, liabilities and the wrongful acts of other partners. One advantage of a limited liability partnership is the liability protection it affords.Flexibility:Liability partnerships offer participants flexibility in business ownership.
If you file for small business bankruptcy will they take your house?
If your business was a sole proprietorship, you have unlimited liability for any debt your business holds, and therefore your business debt is your personal debt. If your business had a form of limited liability, particularly if it was an LLC, this cannot happen.
Do proprietorships have limited liability?
No, not unless they consult with an attorney who specializes in business law and take the necessary legal steps to register as a limited liability company.
Why is a loan a liability for a bank?
The person or business may not pay the loan back and the bank has to take the loss
What are the role of partnership?
to make maximum profit on capital investment=======================================Role Of Partnerships1. Partnerships are 2 or more owners.2. They share in gains and losses.3. Also, they take part in debts/liability.4. Partnerships are easy to start.5. They're based on informal agreements.Limited Partnership1. One or more general partners operate the business.2. They have unlimited liability.3. Some of the partners will not be involved in the business.
How do you take your name off a business license if you have a partner?
hoe do i take a partner of a business license
What does it take to get an associate's degree in General Business?
64 college credits, the bulk of it being general education credits. I have my associates in general business, I suggest going for the bachelors...it can get you so much further....
What are the legal bits that the business have to take into account?
Copyright. (Name of the business)
What is a 220 license?
In Florida, a 220 license is for insurance agents ie, a licensed property and casualty agent. It is also called a General Lines License. It covers automobile, aviation, maritime, property liability, and General Liability. To get a license you must take a 200 Hour course.
A partner who invests money in a business but does not take an active role in management or assume unlimited liability for the firms losses is known as a?
limited partner
