Every business owner should be aware of vicarious liability.

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“Vicarious liability” means a person may be held liable for the actions, wrongdoings and or omissions of another person. In workplace context, it refers that an employer can be liable for the acts or omissions of its employees when the event giving rise to injuries took place in the course of their employment. If an employee causes harm to others or even themselves while on company property or while operating or using company equipment, the business owner is vicariously liable. But the most important point which most business owners don’t know is that employers can also be held liable for harm...

08 February

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What type of entity should you choose for your business?

Posted by Metin Caglar

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When it comes to starting a new business, the most important step is deciding about the type of legal entity for the business because your decision will affect the amount of taxes you pay, the personal liability protection you will have and the amount of paperwork you should do to maintain your business structure. The Most common types of business are • Sole Proprietorships • Corporations • S Corporations • Limited Liability Companies (LLCs) • Partnerships Sole Proprietorships: A sole proprietorship is the most common form of business chosen to start a business. It is an unincorporated business structure that is owned and run by one natural person...

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Every business owner should be aware of vicarious liability.

What type of entity should you choose for your business?