Sentences with phrase «cover your business expense obligations»

Also, if you are self - employed or are in partnership with one or more partners than you should carry some life insurance to cover your business expense obligations should you die.

Not exact matches

It enables the business to meet outstanding obligations at the time of the key person's death and covers the expenses necessary to keep the business running smoothly (as well as any loss of income) while a replacement is sought.

On the one side the income would be so low that the non-wage earner is stuck with a support amount too low to cover expenses and on the other side the income may be severely inflated making it difficult for the self - employed spouse to meet his or her support obligations and keep the business afloat.