Liabilities | Thriving Women in Business Community

Keeping Up Corporate/LLC Formalities

Many LLC and corporation owners don’t know that setting up their business entity is only the first step in protecting themselves from personal liability if they are sued. Here are corporate/LLC formalities to maximize liability protection during the life of...Read More

Understanding Liabilities and Equity on the Balance Sheet

In my last post, I discussed the different type of asset accounts. Today we'll I'll give information on the remaining accounts that appear on the balance sheet: Liabilities and Equity Liabilities - An obligation of an entity arising from past...Read More