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Types of Business Entities: Pros, Cons, and How to Choose

Fundera

And if someone successfully sues your business—not something any business owner wants to think about, but it could happen—your business entity structure determines what assets they can collect on. You can deduct most business losses on your personal tax return. It’s harder to build business credit without a registered business entity.

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Employment Practices Liability Insurance: Does Your Business Need EPLI?

Fundera

In 2018 alone, the Equal Employment Opportunity Commission (EEOC) handled 90,558 discrimination cases and helped claimants recover $505 million in damages. In other states, employers can’t discriminate against an employee or job applicant based on their credit history. Amount of coverage and size of deductible.