CYA: Cover Your ASSets. Liability Insurance & Limited Liability Entities

We live in a very litigious time where someone is suing a company or threatening to sue even if the likelihood of their failure is high. However, most business owners are a small operation and will most likely be responsible for their own representation if they do not have the right form of protection in place. I understand that costs can get very expensive for business owners, but one area that business owners should never try to save is on the most effective forms of liability protection: 1) liability insurance, and 2) creating the right business entity such as an LLC or Corporation. Creating a Business Structure: Many entrepreneurs believe that simply registering a company offer "limited

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