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The One Entrepreneurial Risk You Should Never Assume-Insurance Requirements of the Self Employed
Could your business survive an extended, forced shut down? If you don't have a plan that ensures your rent, utilities, payroll, suppliers and your own income can be payed even while your business is shut down for months the answer is no and your small business is at risk. Business Interruption or Loss of Income insurance bridges the gap between the businesses normal income and its income due to a forced closing. It also can assure certain business critical expenses will be paid.

Employee Screening and Risk Assessment
Analysis of employee screening/background checking relative to criminal convictions and criminal conduct.

Other legal liability Related Articles

How to Deal with Difficult Business Partners
All successful companies have one thing in common. On average, they carry more assets than they do liabilities. These companies are also quick to take note when something that was once an asset now has become a liability. They either try to make this new liability an asset again or they swiftly remove it from the company. This process may sound easy enough unless the liability you are thinking of is your relationship with your business partner.
The Dominican Corporation
The most common business entity in the Dominican Republic is the corporation, locally called “Sociedad Anónima” (S.A.) or “Compañía por Acciones” (C. por A.). As corporations in other countries, Dominican corporations are legal persons which exist independently of its shareholders. Likewise, the liability of the shareholders is limited to the amount of their contribution to the corporation. The Dominican Commercial Code provides for the existence of other business entities such as partnerships (“sociedad en nombre colectivo”), limited partnerships(“sociedadesencomandita”)and joint ventures (“sociedades en participación”). These structures, however, are seldom used because they are subject to the same tax treatment as corporations while lacking its limited liability component.
What is a Franchise
A franchise is a simple method of expanding a business system using a legal document to secure the IP. However, there are more aspects to a franchise than just the legal rammifications. People develop franchises and people buy franchises - what it means to them is much more than the legal structure.
Beware Time Liabilities
Are you surrounded by Time Liabilities? I define a Time Liability as: a) anything that consumes time unnecessarily or b) anything that causes you to spend time in activities that are less profitable than your most profitable activity. If your filing system causes you to spend extra time doing $9 per hour clerical work, trying to find that important document you misplaced, then you have a Time Liability. If your workspace is so uncomfortable that you have to spend time at a chiropractor every month to correct your spine alignment problems, you definitely have a Time Liability!
Reserves and Provisions
Every prudently and systematically managed business concern makes some provision out of current profits for meeting an anticipated liability, redeeming a liability, replacing an asset or for some other important business purpose.
6 Largest Products Liability Insurance Suits
Products Liability Claims Manufacturing, distributing, marketing and reselling products can often seem like a harmless venture until there is a Product Liability Suit.

Many Churches do Not Have the Proper Insurance
Being a member of a Church that is improperly insured can lead to a catastrophic outcome if a lawsuit occurs. Concerns arise for Church Insurance, Religious Organization Insurance, Pastoral Liability and Institutional Insurance, regardless of sect. A lawsuit of any size or nature can cripple a religious organizations existence in exorbitant legal fees.
Liability Limits and you – Choosing appropriate limits
Helping businesses choose legal liability limits
Determining the Business Entity Best for Your New Business
One of the most important matters that a person needs to focus on in the early stages of starting a business is determining the type of business entity to operate the business. You need to address this issue with the advice of an experienced business attorney in coordination with a certified public accountant. Most individuals operate his or her business under one of the following entities: 1. Sole Proprietorship; 1. General Partnership; 2. Limited Partnership; 3. Joint Venture; 4. "C" Corporation; 5. "S" Corporation; or 6. Limited Liability Company. While most new businesses are either an S corporation or a limited liability company, you should analyze each type of business entity to determine which is best for your business from a liability, tax, investment, legal, formation, operati
Insurance Defense Costs
Does Your Business Insurance Policy Cover Defense Costs Within the Insurance Limit or Defense Costs Outside of the Insurance Limit? Did you know that a liability policy, which is part of any typical business insurance policy or commercial insurance policy coverage, has two distinct obligations? A liability insurance policy, if it is a general liability, product liability or professional liability insurance policy is designed to protect you against your legal obligation to pay others because you have hurt them and/or have damaged their property. A policy also defends you against claims or lawsuits. In other words, besides paying for claims or suits, a liability policy also pays for their related legal costs and court fees.
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