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As a small business owner what do you need to know about liability?
Wiki User
∙ 12y ago
A liability can mean something that is a hindrance or puts an individual or group at a disadvantage, or something that someone is responsible for, or something that increases the chance of something occurring (i.e. it is a cause).
Wiki User
∙ 12y ago
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What is the job title for an independent consultant who is also a small business owner?
I know it rings bells
What are some small business tax information a business owner should know before filing?
You can go to the following website to find all of the tax information you need to know for a small business: http://www.irs.gov/businesses/small/. They have a lot of useful information.
As the owner of a small business, what do I need to know about filing federal taxes?
All of the information that you will need for filing business taxes can be found online. The official website is www.irs.gov/businesses/.
Should a private business owner buy the 990 tax software?
While I am not a small business owner myself, I know how daunting it can be to choose tax software. A good resource is tax software reviews, which can be found at: tax-software-review.toptenreviews.com/
Explain under what circumstances a business owner might also be a business manager?
i dont know the answer but i want to know that.how do i get it.
What should I know when applying for small business grants?
Small business loans (or the very rare "grant,) are made for the purpose of business development to increase the customer base, exposure, product lines, sales, etc. The business owner must prepare a detailed business plan in order to secure a small business loan so that the vision is clear. Generally these funds are extended to existing businesses with an established track record.
What college education is needed to be a small business owner?
None. My Grandfather owns a thriving business (The Tech Group) and he never when to collage. None. I know a person who started a business off of no collage education and he is now a millionaire. But then again he is one in a million.
Do you have to put down a personal guarantee when you apply for small business credit cards?
Yes you usually have to put down a personal guarantee when you apply for small buiness credit cards. This way they know you will pay back your money and it makes you less of a liability.
How can you find out if property has liability insurance?
Insurance Records are confidential information protected under both state and federal privacy laws. Typically, the way to get this information is to ask the owner of the property. If the owner of the property determines that you have a legitimate need to know. he will probably share the information with you. If he determines it's none of your business then of course he will not.
Is Kellogg a limited liability company?
There are many companies which happen to be LLCs, or limited liability companies. To know for sure if the company in question is an LLC, a person would have to know what type of business the name Kellogg refers to.
How to Find an Affordable Tax Help Attorney ?
Around tax season, many people find they need endless help with the filing of their taxes. Business people, in particular, usually face great worries in filing their taxes every year. Small business owners are usually subject to brutal rates of taxation. These individuals can use all the help they can get in avoiding taxes as much as possible. Not every small business can afford to hire a personal attorney, however. For these small businesses, meeting with an attorney in a consultation may be one's best bet. A consultation meeting is usually free on the first visit. During the consultation meeting, an attorney is usually very wiling to provide valuable information to business owners. An attorney will try to use the consultation meeting as an opportunity to establish trust with a small business owner and display his or her knowledge of the law. Or, if an attorney does not offer a consultation meeting option, then a small business owner may decide to hire the attorney on a contractual basis. It may be cheaper for a small business attorney to use the services of a tax help attorney as needed, rather than hiring the attorney as a personal employee of the small business. If a small business needs help in filing its taxes for the upcoming year, then a small business owner may simply want to schedule a brief meeting with an attorney to have a few questions answered. A brief meeting will still be expensive, however, it will be cheaper than taking up an entire day of an attorney's time. Before using any services from a tax help attorney, a small business owner should take great care to find out what the hourly rate of an attorney is. A small business owner should figure out how much an attorney charges on an hourly basis for his or her services. It is important for a small business owner to know this information ahead of time, rather than be surprised with a bill for $500 for one hour of an attorney's time. A small business owner may be able to work out other deals with an attorney to eliminate high costs. If a small business owner has a project that needs to be completed, such as the filing of a tax return, then the small business owner may want to decide upon a price to pay the attorney upon completion of the project.
What is the principle that requires every business to be accounted for separately and distinctly from its owner or owners is know as the what?
Business Entity Principle
