Insurance

//Tag: Insurance

Why All Home Businesses Need Professional Indemnity Insurance

Professional indemnity insurance, also known as errors and omissions insurance, is a policy that covers the legal costs and expenses during your defense against a client. If a Client has accused you of inadequate services, designs or advice they may want to take you to court if they felt they have lost money in the situation.

Working from home can be a great experience in life but if you aren’t fully protected and a problem escalates, you can be left vulnerable with no one to turn to. People can put off getting professional […]

2019-09-03T05:41:04+01:00March 7th, 2018|Categories: Ongoing Management and Protection|Tags: |

The CPA’s Guide to Assisting Clients with Business Compliance Issues

As a CPA, you probably sometimes find that clients inquire about more than just their business’s taxes and finances. With the strong connection between their money and all aspects of their companies, they may toss you questions about a variety of business compliance issues that aren’t in your normal area of focus.

You need to exercise caution in responding because your insight shouldn’t take the place of proper legal counsel or human resources guidance. But having a working knowledge of diverse compliance topics can help you aid your client’s understanding of certain issues […]

2019-09-03T05:41:36+01:00December 29th, 2017|Categories: Ongoing Management and Protection|Tags: , , , , , |

How to Start a Trucking Business

If you’ve always wanted to start a trucking business, now could be the perfect time to put your plan into action. In the third quarter of 2017, e-commerce accounted for 9.1% of overall retail sales—almost double the figure from 2010. Online retailing’s popularity is just one reason the amount of goods hauled by truck is projected to grow by more than 3% annually for the next five years, according to the American Trucking Associations (ATA). Demand for trucking will be so great that the ATA predicts the industry will need to recruit […]

2019-09-03T05:41:36+01:00December 27th, 2017|Categories: Startup and Launch|Tags: , |

The What, Why, and How of LLC Insurance

Does your LLC need insurance? LLC insurance coverage is a measure you can take to help protect your business assets in the event of a legal claim against your company.

While forming an LLC creates a separation between your personal assets and those of your business, having insurance for your LLC helps guard your company against losses as a result of circumstances in the course of doing business.

How Do You Know What Kind of LLC Insurance You’ll Need?

The type and amount of LLC insurance coverage will depend on a variety of factors including […]

2019-09-03T05:41:39+01:00December 1st, 2017|Categories: Ongoing Management and Protection|Tags: , |

Closing Down a Business – The 12 Steps of Corporate Dissolution

You’re not the first owner to consider closing down a business and you certainly won’t be the last. But it is a big decision and one that should be taken lightly. Regardless of your final decision, you need to prepare yourself for the necessary steps involved in the process.

Closing down a business requires a certain process be followed. This process is just as important as the steps required to start a business.

I have not failed. I’ve just found 10,000 ways that won’t work. ~ Thomas A Edison

12 Effective Steps for Closing Down […]

2019-09-03T05:41:45+01:00October 1st, 2017|Categories: Maturity and Exit|Tags: , , , , |

Top Real Estate LLC Mistakes and How to Avoid Them

With any property, there are inherent liabilities — from a broken balcony railing to old electrical wiring or mold. And with an LLC, your personal assets aren't vulnerable should you be sued by a tenant or property guest. Forming an LLC is a relatively quick and painless process. And while it may straightforward, there are some common mistakes that investors make that can impact the benefits of the LLC as dicussed and laid out wihtin this blog post.

2019-09-03T05:41:46+01:00September 20th, 2017|Categories: Ongoing Management and Protection|Tags: , |

Professional LLCs – FAQs

Happy June! Summer is fast approaching and with new beginnings, we bring you a new post in our FAQ series! This month, we discuss the Professional LLC, or “PLLC” and the ins and outs of filing them.

What is a PLLC?

A Professional Limited Liability Company is a special type of LLC that’s designed for licensed professionals, such as accountants, lawyers, and doctors (typically, professions that require a license). Some states do not allow licensed professionals to form an LLC since they don’t want them to escape personal responsibility for professional malpractice by […]

2019-09-03T05:41:52+01:00June 13th, 2017|Categories: Startup and Launch|Tags: , , , , |

Share, Learn, Grow – Join The “Business Startup Experts” Facebook Group!

With a passion for helping entrepreneurs work toward fulfilling their dreams, it thrills me to welcome you to join the new Business Startup Experts group that I’ve started on Facebook. Its purpose is simple: To serve as a hub for startup experts of all types to exchange knowledge with one another and with new business owners.

I invite anyone who either has or is looking for insight on starting and growing a business. The following types of professionals and many others will find it an engaging place to showcase their expertise and […]

2019-09-03T05:41:54+01:00May 8th, 2017|Categories: Partner Program|Tags: , , |

How to Start an Accounting Firm

If you’re a CPA or an accountant, the transition from working for someone else to being your own boss has probably crossed your mind. When you start an accounting firm, you’ll soon see that self-employment offers an opportunity to have more control over your own schedule, allowing you to better balance your professional endeavors and personal life. It also enables you to manage your firm the way you want to manage it.

But where do you start? How can you start an accounting firm and make sure you are checking all the boxes […]

2019-09-03T05:41:55+01:00April 19th, 2017|Categories: Startup and Launch|Tags: , , , |

7 Small Business Expenses to Account for in Your Monthly Budget

Budgets are essential to manage your costs and keep your small business expenses limited and your company profitable throughout the year. Due to the dynamic nature of any small business, you can’t just set a budget in January and let it sit unchanged until the end of the year. Every month, take stock of your business’ performance and expenses and use that data from the prior month to update your budget.

Your monthly budget needs to provide you with enough detail so that you can identify potential cash crunches in the near future […]

2019-09-03T05:41:56+01:00April 5th, 2017|Categories: Ongoing Management and Protection|Tags: , , |