In most states, you can even have a single-member LLC with only one member. Some businesses — like banks and insurance companies — cannot become LLCs. What Are the Pros of an LLC? When considering how to structure your business, the following are some of the perks that come with ...
Learn more about liability insurance in TRUiC’s General Liability Insurance guide. Pass-Through Taxation An LLC’s profits go directly to its owners, who then report their share of the profits on their individual tax returns. Hence, an LLC’s profits are only taxed once. This is known as...
controlled or subsidiary companies, corporations, organizations, entities, joint ventures, LLCs and partnerships, their officers, directors, partners, employees, assigns and agents shall be named as an “Additional Insured” under the Commercial General Liability Insurance. 2...
C&R Insurance Services, LLC provides access to professional liability insurance for lawyers to safeguard your practice in DC, FL, GA, IL, NJ, NY, PA & TX.
The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder.These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresse...
Depending on your location, you might pay less than $1,500 per year for $1 million in coverage, if you have five or fewer employees. Like any other business insurance out there, pricing is customized to your policy's specifics. Employment practices liability premiums are often rated on the...
Tax liability is an individual or entity's total amount of tax owed to the local, state, and federal governments. Federal income tax liability is the portion of the total tax liability owed to the federal government. The total tax liability may include income, capital gains, and self-employme...
Your business can have a credit score similar to an individual. Business credit bureaus such as Equifax and Experian hold these scores so creditors, insurance companies, suppliers, and various other organizations can evaluate your financial standing and ability to re...
Centurion Liability Insurance Services, LLC has joined forces with RT Specialty! With this acquisition you will find that RT shares the same values and focus as Centurion and will now be able to offer our higher volume and larger markets on the outstanding platform that RT Specialty has built....
Regulation of LLCs varies from state to state. Any entity or individual can be a member of an LLC with the notable exceptions of banks and insurance companies. LLCs do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their...