In a sole proprietorship, the business is owned by one person and is legally indistinguishable from the owner. Although the proprietorship is owned by only one person, it can employ many. Some people ...

Liability should be a critical concern for any small business owner, as it refers to how much personal responsibility a business owner has for any debts racked up by the business. If you have ...

As the cyber risk that businesses face continues to expand, data processing vendors may find themselves in more protracted negotiations over who will absorb the bulk of the liability. Nobody wants to ...

Last Friday, the US House of Representatives passed legislation that would remove the $75 million liability cap on economic damages incurred by offshore drilling activities by oil companies. The US ...

Everyone loves a villain. And with the Deepwater Horizon disaster at the two-month mark, the love knows no bounds, uniting much of the political-media complex in a sticky goo of opportunism, ...

Discover how limited liability protects investors' personal assets in LLCs, LLPs, and corporations, reducing risks while ...

Any discussion of financial regulation and its chronic failures should start with a simple, jarring truth: It’s impossible to outregulate a banker. Each crisis in the financial sector brings calls for ...

Vincent DiLorenzo writes: Real estate owners and developers often form limited liability companies (LLCs) to shield themselves from liability. Is this an effective means to accomplish this purpose?