0
Short answer, NO!
Unless you can prove malice aforethought, or a conspiracy, simple incompetence is not grounds for a lawsuit against an ex-employee.
If it were so, the US auto industry would not need the government to get help, they could just sue the employees making the cars of the 70s and 80s.
What else can I help you with?
What do you mean by income over expenditure or expenditure over income?
income over expenditure is profitexpenditure over income is loss
What is business climate?
A business that has stopped operating, with a loss to creditors.
How is Loss of Income Insurance calculated?
I don't know how insurance calculate it, i think they should go after gross income instead of net income
What must be bigger than what if a business is to make a profit?
For a business to make a profit, its total revenue must be greater than its total expenses. This means that the income generated from sales and services must exceed all costs associated with operating the business, including production, labor, and overhead costs. If expenses surpass revenue, the business will incur a loss.
Shoplifting accounts for more business loss than employee theft true or false?
True. Shoplifting generally accounts for a larger portion of retail losses compared to employee theft. Retailers often face significant losses from shoplifting due to the high volume of theft incidents, while employee theft tends to be less frequent but can involve larger sums. Overall, the impact of shoplifting on retail businesses is substantial.
How can one determine the net income loss of a business?
To determine the net income loss of a business, subtract the total expenses from the total revenue. If the result is negative, it indicates a net income loss.
What is statement of profit or loss?
A statement of profit and loss is the business income and expense statement which sumarises the total income and expenses coming to the total profit (or loss) of the business which is the defference between the income and expenses.
How to find the net income loss for a business?
To find the net income or loss for a business, subtract total expenses from total revenue. If the result is positive, it's net income; if negative, it's a net loss.
If net income is zero do you have a loss in your business?
Net Income zero means firm has at no profit no loss position and it does not means loss to company.
When expenses are more than income is called?
Their is a LOSS of income, or loss for the business operation. You can have either a LOSS or a PROFIT or possibly break even with neither a loss or a profit.
Can a claim of loss of income be made on federal income taxes for starting a small business?
Yes, your schedule C can show a loss.
What is business income extra expense insurance?
Coverage for loss of income and extra expenses necessary to continue operating following a covered loss.
What is loss in business?
it is a situation where income is not enough to meet the running expenses(operating expenses) of the business
Can you claim a business loss for 9 years if it gives you an income?
Yes.
Is Loss on Sale of Asset a Equity account or Income Account?
Loss on sale of asset reduces the actual profit of company that's why it is a part of income statement and shown as an expense to business.
What has the author Denis Riley written?
Denis Riley has written: 'Consequential loss and business interruption insurances and claims' -- subject(s): Business income insurance, Business interruption Insurance, Insurance, Business interruption 'Riley on business interruption and consequential loss insurances and claims' -- subject(s): Business income insurance
What is business income and extra expense about?
Business Income replaces your lost business income in the event of a covered loss. In regards to an apartment building insurance for example, if there is a fire and the tenants have to move out while the contruction is being completed, you will be compensated for your loss of business income. The extra expense can be used to place your tenants in temporary housing, and may include moving expenses. Check out my website for more details!
