Running a business comes with its fair share of risks, and liability is one of the most significant concerns. Protecting your business from potential legal and financial liabilities should be a top priority whether you own a small startup or a large corporation. By...
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Why your business should support to the community
Small business owners often want to find ways to make a meaningful impact on society. The question may become how they can do that. One of the best ways to do something positive is to support the local community. This is usually a mutually beneficial arrangement...
Green business? Ensure you’re truthful in advertising
Many people look for products and services that are environmentally friendly. The Federal Trade Commission has laws against falsely claiming that products are green. This includes everything from the packaging they’re made with to the compounds and ingredients in the...
3 ways to protect yourself when taking on a business partner
A business partner can help your idea become a reality and decrease how much risk you take when starting a company. However, your partner can also be a big source of risk, as issues between the two of you could ultimately destroy the business you attempt to build...
What is a life insurance trust?
As you do your estate planning, there are many different ways that you can use trusts to ensure that your wishes are carried out. Some people use an incentive trust to attempt to get their heirs to live in a certain way, while others use an educational trust to pay...
What Is Trust Administration (And Who Is Responsible For It)?
Some people opt to pass assets down to beneficiaries through the use of a trust. This is an arrangement that enables the assets to bypass the probate process. A trust can be set up based on specific wishes from the creator. When a person creates a trust, the assets...