LLCs need general liability insurance or a business owner's policy, and potentially more. Most can buy coverage online. Many, or all, of the products featured on this page are from our advertising ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. While an LLC protects your personal assets, small ...

A limited liability company (LLC) limits the potential for its members to be personally liable for the LLC's business debts. It features pass-through taxation.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Bobby L. Hickman is a longtime business and financial journalist who brings decades of ...

As a business owner, you’re responsible for the work you and your employees do, as well as for your customers’ health and safety while they’re at your workplace. As a result, a client can sue your ...

Liability insurance protects your business from lawsuits -- both the legal costs and the settlement or judgment costs, if any. General liability covers injuries and damages that occur in the course of ...

The sole proprietorship and limited liability company (LLC) business models are common options for businesses owned by an individual, although the LLC model can also function as a multi-owner ...

Your business is responsible for the products you make, sell or distribute, as well as the completed services you provide. You can be held liable and accountable for any losses or damage if one of ...