LLCs fall under the umbrella of state law and provide limited liability protection to members. A lawyer does not need to help you set up an LLC, but legal counsel can be useful in regards to outside investment or multiple owners. Additionally, there are many online websites that will help...
Prevent a workmen's compensation injury claim or an expensive liability lawsuit and well... you get the point! Industry Overview Summary: Workmen's Compensation ▪ Ergonomics ▪ Cross-contamination ▪ Corporate Liability ▪ Insurance Costs ▪ Risk Management The average cost for an MRI scan...
Property insurance General liability insurance Business vehicle insurance Workers’ compensation insurance Professional liability insurance As a general rule, you’re permitted to deduct the cost of insurance as a business expense. 7. Legal and professional fees The amount that you pay youraccountantor y...
which will be paid to the state itself. Beyond governmental fees, you may want to enlist the services of a lawyer or legal service to help with your registration and any operating agreement you plan to put in place, and the cost of these services can vary widely...
Your company name must include the phrase “limited liability company” or one of its abbreviations (LLC or L.L.C.). Your company name can’t include words that could confuse your LLC with a government agency (FBI, Treasury, State Department, etc.). Restricted words (e.g., Bank, ...
Simplicity and low cost: Because there's no need to file formation documents with the state where you work (unless a DBA is required), starting a sole proprietorship is generally simpler and cheaper than forming an LLC. Direct control: Since there are no other members in a sole proprietorship...
When selecting the best LLC service, always prioritize transparent pricing and services, avoiding hidden fees. Look for providers that include or clearly state the cost of essential features such as registered agent services, compliance alerts, and customer support. ...
If your business uses motorized vehicles, the state of Arizona requires you to have commercial auto insurance. If you have employees, state law also mandates workers' compensation insurance. Although not mandatory, you might also consider other types of business insurance like general liability, comme...
You might need “public liability insurance.” in the case of a customer injuring themselves while on your business property. Furthermore, some states require LLCs to have additional insurance, while others leave it up to your discretion. In addition, if you have employees, you must have worke...
insurance carrier at the time the existing carrier was approved (it being acknowledged that if a change in insurance carriers shall be accompanied by a material increase in the cost and/or a material reduction in the scope of insurance coverage, such change shall be deemed a "material ...