Also known
as business liability insurance, this kind of policy covers you against financial loss in the event someone claims you, your employees, or the business setting were responsible for injury or damage.
Moreover, in our business coverage quotes, there are different types of special services offered such
as business liability, commercial auto and property services, errors and omissions, and more.
Also known
as business liability insurance, general liability insurance protects you and your business from «general» claims involving bodily injuries and property damage.
These policies offer coverage such
as business liability and replacement of lost income, and homeowners coverages such as fire, theft and personal liability.
Not exact matches
There are obvious advantages to doing so, such
as protecting against personal financial
liabilities should anything with the
business go wrong.
Non-public pass - through
businesses, such
as sole proprietorships, limited
liability companies and partnerships, pay no income tax themselves.
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our
business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial,
business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for
business aircraft, including the effect of global economic conditions on the
business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product
liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco
business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to
business relationships and other
business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing
business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
But since small
businesses could incorporate for the limited
liability advantages, professionals wanted this advantage
as well.
Dig Deeper: Choosing the Limited
Liability Company
as Your Corporate Form Case Study: Why an S Corp Might Be the Better Choice While Turner's story is a compelling one for a smaller, lifestyle
business, the truth is that fast - growing
businesses that plan to bring on investors or share the ownership of the company with employees may need to consider making the switch to an S corp sooner rather than later.
Here's how to decide whether to incorporate your
business as a limited
liability corporation or an S corporation.
There are some restrictions on the types of
business that you can set up
as a limited -
liability company.
As standard,
business credit cards require a personal -
liability agreement to be in place.
Small
businesses — namely, pass - through entities such
as S corporations and limited
liability companies (LLCs)-- get a break, too.
While they may feel like a
liability to you
as a
business owner, receivables serve
as a form of hard collateral that a lender ultimately views
as an asset on your balance sheet.
Determine the best legal structure for the
business, such
as partnership, limited
liability corporation or a sole proprietorship.
Many small
businesses operate
as limited
liability corporations, sole proprietorships, and S corporations, which are all pass - through entities.
Although Hian's collateral, clothes, isn't
as sure a thing
as, say, cars, Schneider feels Hian's biggest
liability is that she's not surrounding herself with people who can help her develop a comprehensive
business plan that will attract venture capitalists, bankers or angel investors.
A major disadvantage of doing
business as a general partnership is that all partners are personally liable for
business debts and
liabilities (for example, a judgment in a lawsuit).
In the United States, more than 2.4 million small
businesses are set up
as a limited
liability company (LLC) for the purpose of limiting personal
liability and protecting the owner's personal assets in the event of
business failure.
Working with entrepreneurs and small -
business owners who are generating $ 300,000 in revenue, I've seen that their decision to have their LLC taxed
as a corporation and make the S - corp election cuts their total tax
liability by one - third.
The downside to an LLC, however, is that it forces the
business owner into higher tax
liabilities,
as distributions from an LLC are taxed
as ordinary income with rates
as high
as 37 percent, at the federal level, and 13.3 percent at the state level, for a combined federal / state tax of 50.3 percent!
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired
businesses into United Technologies» existing
businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new
business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to
as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their
businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown
liabilities; (22) risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
• Also known
as errors and omissions insurance, professional
liability insurance protects your
business against malpractice, errors, and negligence in service provided to your customers.
However, homeowners» policies are limited in coverage and you may need to purchase additional policies such
as home - based
business insurance to cover other risks, such
as general and professional
liability.
Filing dissolution papers is especially important if you have partners or other owners in the
business,
as it prevents future confusion about ownership and
liability.
As a sole proprietor, the owner is taxed once but is personally exposed to all of the
liabilities of the
business.
When it comes to starting a
business you intend to grow, it can make sense to launch
as a limited
liability company, or LLC.
As the details of this plan become known, and as the political response builds from people who fear their taxes will be raised, and as they build a coalition with special interests who would lose out from other aspects of the proposal (like investors who do not like the proposed limitation on the deduction of business - interest expenses), this plan will become an enormous liabilit
As the details of this plan become known, and
as the political response builds from people who fear their taxes will be raised, and as they build a coalition with special interests who would lose out from other aspects of the proposal (like investors who do not like the proposed limitation on the deduction of business - interest expenses), this plan will become an enormous liabilit
as the political response builds from people who fear their taxes will be raised, and
as they build a coalition with special interests who would lose out from other aspects of the proposal (like investors who do not like the proposed limitation on the deduction of business - interest expenses), this plan will become an enormous liabilit
as they build a coalition with special interests who would lose out from other aspects of the proposal (like investors who do not like the proposed limitation on the deduction of
business - interest expenses), this plan will become an enormous
liability.
We can interpret a debt - equity ratio of 0.5
as saying that the company is using $ 0.50 of
liabilities in addition to each $ 1 of shareholders» equity in the
business.
However, these tax savings apply only to C corporations, and the majority of small
business is conducted
as one form or another of pass - through entities — partnerships, limited
liability companies (LLCs) taxed
as partnerships or S corporations.
Known
as the limited -
liability company (LLC), this structure offers the best of all corporate worlds for many new
businesses: personal - asset protection (normally available only to shareholders of C corporations), elimination of corporate - level taxes (a benefit normally reserved for partners or S - corporation owners), and flexible ownership rules (which S corporations in particular lack).
Limited Partner: a co-owner of a
business organized
as limited partnership who (unlike a general partner) does not participate in the management of the firm and has limited personal
liability for the firm's debts.
Typically, buyers execute an extensive due diligence process prior to consummating the purchase of a
business or investment to gain a full understanding of the both the assets being acquired
as well
as any
liabilities or risks inherent in the
business or transaction.
It is also important to note that
liabilities, such
as outstanding bank loans, guarantees, lease agreements and payments to suppliers are usually not insured, leaving the personal assets of
business owners pledged against these
liabilities, and potentially leaving family members in financial distress.
Most
businesses (whether incorporated or not) carry insurance to protect against damage claims for negligence, such
as errors and omissions insurance and general
liability coverage.
The limited
liability protection is one of the main reasons that
businesses choose incorporation over other forms of
businesses such
as sole proprietorships and partnerships.
Last month, MetLife announced it would bolster reserves by
as much
as $ 575 million to make up for unrecorded pension
liabilities as part of its pension risk transfer and group annuity
business to group annuitants who went missing.
Her experience includes a wide variety of insurance issues (automobile coverage disputes, commercial general
liability,
business interruptions, tenant
liability, fire, and cannabis - related issues)
as well
as general commercial litigation issues related to contractual disputes, construction litigation and negligence.
Your
liabilities are defined
as your current Accounts Payable and any long - term payables (think small
business loans, lines of credit, etc.) your
business may have.
Term life insurance is especially suitable for those looking to cover short to medium - term
liabilities such
as a mortgage or
business loan.
Special
liability insurance such
as Errors and Omissions Insurance, Home - Based
Business Insurance, Buy - Sell Insurance to protect your partnership — there are all kinds of eventualities that your business will need to be protected from right from the g
Business Insurance, Buy - Sell Insurance to protect your partnership — there are all kinds of eventualities that your
business will need to be protected from right from the g
business will need to be protected from right from the get - go.
The pro forma financial information was prepared using the acquisition method of accounting, which requires, among other things, that assets acquired and
liabilities assumed in a
business combination be recognized at their fair values
as of the completion of the acquisition.
Many factors could cause BlackBerry's actual results, performance or achievements to differ materially from those expressed or implied by the forward - looking statements, including, without limitation: BlackBerry's ability to enhance its current products and services, or develop new products and services in a timely manner or at competitive prices, including risks related to new product introductions; risks related to BlackBerry's ability to mitigate the impact of the anticipated decline in BlackBerry's infrastructure access fees on its consolidated revenue by developing an integrated services and software offering; intense competition, rapid change and significant strategic alliances within BlackBerry's industry; BlackBerry's reliance on carrier partners and distributors; risks associated with BlackBerry's foreign operations, including risks related to recent political and economic developments in Venezuela and the impact of foreign currency restrictions; risks relating to network disruptions and other
business interruptions, including costs, potential
liabilities, lost revenues and reputational damage associated with service interruptions; risks related to BlackBerry's ability to implement and to realize the anticipated benefits of its CORE program; BlackBerry's ability to maintain or increase its cash balance; security risks; BlackBerry's ability to attract and retain key personnel; risks related to intellectual property rights; BlackBerry's ability to expand and manage BlackBerry ® World ™; risks related to the collection, storage, transmission, use and disclosure of confidential and personal information; BlackBerry's ability to manage inventory and asset risk; BlackBerry's reliance on suppliers of functional components for its products and risks relating to its supply chain; BlackBerry's ability to obtain rights to use software or components supplied by third parties; BlackBerry's ability to successfully maintain and enhance its brand; risks related to government regulations, including regulations relating to encryption technology; BlackBerry's ability to continue to adapt to recent board and management changes and headcount reductions; reliance on strategic alliances with third - party network infrastructure developers, software platform vendors and service platform vendors; BlackBerry's reliance on third - party manufacturers; potential defects and vulnerabilities in BlackBerry's products; risks related to litigation, including litigation claims arising from BlackBerry's practice of providing forward - looking guidance; potential charges relating to the impairment of intangible assets recorded on BlackBerry's balance sheet; risks
as a result of actions of activist shareholders; government regulation of wireless spectrum and radio frequencies; risks related to economic and geopolitical conditions; risks associated with acquisitions; foreign exchange risks; and difficulties in forecasting BlackBerry's financial results given the rapid technological changes, evolving industry standards, intense competition and short product life cycles that characterize the wireless communications industry.
There are a number of benefits associated with establishing
business credit, such
as limiting personal
liability, maximizing financing opportunities, and improving corporate cash flow.
Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its
business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its
business, including the risks that
as a result (a) BWW's
business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's
business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its
business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs,
liabilities or delays; (7) other economic,
business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016,
as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.
Business Liability Insurance is not usually required by law but can protect your business and personal assets from being taken in a judgement against you or as a tenant if you cause damage to a property y
Business Liability Insurance is not usually required by law but can protect your
business and personal assets from being taken in a judgement against you or as a tenant if you cause damage to a property y
business and personal assets from being taken in a judgement against you or
as a tenant if you cause damage to a property you rent.
Investors have been concerned about lingering
liabilities from the Option One subprime mortgage
business that Block shut down in 2007,
as well
as regulatory efforts to stop refund anticipation loans (RALs) and the growing trend of taxpayers preparing their returns online.
Because while the company lists the
liability on its balance sheet — and still owns the
liability — it can use the float
as positive leverage to grow the company or invest in other
businesses.
If you register your
business as a corporation or limited
liability company (LLC), this will be done automatically.
Setting up your
business as a limited
liability company would also make it easier for you to get investors for your
business.