In the event of an attack, are we covered under our standard business liability insurance policy?
In fact, I suspect that it is destined to become part of business liability coverage soon, and customers, suppliers, boards and investors will insist that you have the appropriate amount to do business.
Developers cheered two years ago when Congress passed the Small Business Liability Relief and Brownfields Revitalization Act, which gave them protection from environmental liability when they redeveloped brownfields--mostly abandoned industrial sites that might be contaminated.
Eighteen Aviation Limited, trading as Aero Toy Store, keeps aircraft at Stansted Airport and has defaulted on its 2012-13 business rates liability.
So should we hold owners and executives more accountable by not supplying limited liability business models, like corporations?
Five years ago Pallat, an articulate 39-year-old former industry consultant who is quick with numbers, saw a huge opportunity in the business of brokering liability for workers' compensation coverage, which by law most companies in the country must buy.
Thus a biotech company that has a tax liability can see its tax bill slashed and a business that has no tax liability can receive a nontaxable grant for the same amount.
It is on the condition that the group of business owners ensures public liability insurance is in place.
Back taxes and penalties can cripple a business and involve personal liability too.
Simply, that is a business structure with limited liability that allows investors to be taxed at their personal rate on dividends.
FORBES: Wind Energy: Twisting and Turning and Getting Bent out of Shape
Left out of this discussion is a crucial feature of corporations and other large business enterprises: limited liability for owners and executives.
Second, the lease lowers the value of the business (because it is a liability), making it easier for successor owners to afford to buy out your interest in the business.
Directors will be less happy to sanction a takeover or restructuring knowing that they could suffer personal liability for honest business decisions.
ECONOMIST: A proposed new bill would invite judges into the boardroom
The largest global audit firms prefer to do business with overall limitations on liability and request that, as a start, there be no extension of liability to private lawsuits for aiding and abetting fraud.
This legislation was driven by lobbyists for the business community seeking to limit its liability when it harmed its customers and citizens.
Despite what you might think, no matter what credit card you use, the liability for your small business purchases falls solely on you.
FORBES: How Personal Credit Cards Can Outperform Their Business Counterparts
How you can legally go about removing a co-founder may depend on whether your business is a partnership, limited liability company or corporation, as well as the state in which you set it up, according to Mr. Mandel.
WSJ: Splitting With Your Company's Co-Founder Is a Tricky Task
On the creative side of wealth management, you can also form business entities such as a family limited liability company or limited partnership to house assets.
And for houses and businesses that have been the most badly damaged we have instructed the valuation office to immediately stop liability for council tax and business rates.
The Justices ruled 5-3 Tuesday that third parties, such as investment banks, accounting firms and suppliers, can be shielded from liability if they engage in business with companies that are involved in securities fraud.
The right is generally happy to devolve decisions about education or health care to the states, notes Charles Fried, a professor of law at Harvard and former solicitor-general, but not product-liability rules and other forms of business regulation.
ECONOMIST: Republicans are for states�� rights��when it suits them
After all, how strong can our business be if being unavailable is such a tremendous liability?
FORBES: Gone Fishing: How to Successfully Take Time Off When You're an Entrepreneur
Still, despite having neither a liability advantage nor CARD Act coverage, business credit cards do have their benefits.
FORBES: How Personal Credit Cards Can Outperform Their Business Counterparts
As a sole proprietor you are personally responsible for all of a business' liabilities, including its debts and any liability judgments against it.
Many prudent small business employers manage this risk by buying Employment Practices Liability (EPL) Insurance, which can cover legal fees and liability for employment claims.
FORBES: The Top 5 Steps Small Businesses Should Take To Minimize Their Risk Of An Employee Lawsuit
Corporate directors and executives can be sued and even face criminal liability if the company fails to properly disclose business risks--including, many now worry, the cost of emissions.
But the effect of the new laws, says Michael Williams of the Bond Market Association in New York, could be simply to push secondary-market participants, fearful of liability, out of the sub-prime business altogether.
ECONOMIST: Lawmakers, state and federal, are mounting an attack
Not only is it labor-intensive to check references for people who might not be poised for a job offer, but Jack Harsh, adjunct professor at the University of Richmond Robins School of Business, said that many employers worry about the risk of liability in rejecting a candidate based on poor references.
For medium and large businesses, liability may be held by the company, but with a small business you personally represent your company.
FORBES: How Personal Credit Cards Can Outperform Their Business Counterparts
应用推荐