In certain circumstances, two or more people organize their business as a limited liability partnership to receive some unique benefits. LLPs are often used by professional services businesses, like ...

Businesses can cause bodily injuries, property damage and even damage through advertisements, which can result in costly lawsuits. Commercial general liability insurance can protect a company by ...

Christy Bieber has a JD from UCLA School of Law and began her career as a college instructor and textbook author. She has been writing full time for over a decade with a focus on making financial and ...

A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

The limitation of liability is one of the most important clauses in a software license agreement because it limits the amount and types of damages one party can recover from the other party. For ...

Learn how water damage liability insurance protects you financially when accidental water damage occurs and how it may be included in your home insurance policy.

As a business professional, you’re responsible for the knowledge, expertise and services you provide to clients. As a result, clients can take legal action against you and your company when they ...