Business.com resources

Sara Green

"Videoconferencing Etiquette "

There's nothing quite like shaking someone's hand, conducting a face-to-face meeting, and then heading out for lunch together. But when multiple people, travel costs, and packed schedules are involved, sometimes videoconferencing is an attractive alternative.

By Rob Gas

"Set Return Policies That Work for You and the Customer"

Hassle a customer when he or she tries to return a purchase, and you'll likely lose a customer for good. On the other hand, there are situations where you may cut off a customer's returns privileges entirely.

By Dan Miller

"How Small Companies Can Outsource Strategically"

Companies both large and small are going beyond outsourcing commodities to outsourcing core or strategic parts. It makes sense for smaller firms with scarce resources to outsource commodities.

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Our limited liability company (LLC) offers protection from personal liability for business debts, just like a corporation. However, unlike a corporation, which must pay its own taxes, an LLC is a pass-through tax entity: The profits and losses of the business pass through to its owners, who report them on their personal tax returns just as they would if they owned a partnership or sole proprietorship. Moreover, while setting up an LLC is more difficult than creating a partnership or sole proprietorship, running one is significantly easier than running a corporation.

Like shareholders of a corporation, all LLC owners are protected from personal liability for business debts and claims. This means that if the business itself can't pay a creditor -- such as a supplier, a lender, or a landlord -- the creditor cannot legally come after an LLC member's house, car, or other personal possessions. Because only LLC assets are used to pay off business debts, LLC owners stand to lose only the money that they've invested in the LLC. This feature is often called "limited liability." While LLC owners enjoy limited personal liability for many of their business transactions, this protection is not absolute.