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Types of Small Business Insurance to Reduce Your Risks

Zenefits

According to The Hartford, 4 out of 10 small businesses will file an insurance claim over a 10-year span.¹ So if you’re in business long-term, the chances of you needing a dependable insurance policy is great. Business insurance protects businesses by mitigating the risks of adverse events.

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How to Recession-Proof Your Small Business

Zenefits

Regular people and business owners can’t stop a recession any more than we could have stopped the pandemic. But one thing people can do is recession-proof their small business. Really, there’s no way to completely recession-proof a business. Any economic downturn will have an impact on most any small business.

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Top 12 Tips for Starting a Small Business

Zenefits

If you ask small business owners what they’d do differently when starting out, you’d probably hear “a lot.”. Running a small business inevitably teaches owners many lessons about growth and effective business operations. A limited liability company (LLC) is also another popular business structure.

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Registering Your Small Business: Single-Member LLC vs. Multi-Member LLC

Zenefits

If someone attempts to sue your business and you’ve filed as an LLC, they usually can’t come after your personal assets. After choosing your business structure and setting up your business, you’ll want to set up a business bank account, and either use direct deposit or a payroll platform to automate this process.

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What to Know About Small Business Liability Insurance

Zenefits

With tight cash flow and an uncertain market, small businesses can be financially ruined by a disastrous, unexpected lawsuit or accident. In fact, 43% of business owners are threatened with or have been involved in a lawsuit, and litigation can easily cost up to $150,000. What insurance does a small business need?

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Why Do You Need to Start Playing the Delegation Game?

Chris LoCutro

As a small business owner, you know that your greatest asset is your team. But are you leveraging this asset to its fullest potential through effective delegation? Here’s a practical guide to transforming your delegation approach to ensure your business thrives.

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The 2023 Tax Deduction Cheat Sheet

Zenefits

According to the Tax Foundation, small businesses pay or remit more than 93% of all U.S. At the same time, small employers can count on a long list potential deductions to reduce the financial burden. Professional consultation fees, including working with lawyers, accountants, and business consultants, can all be deducted.

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