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Credit card surcharges can’t exceed the cost of accepting the card or 4 percent, whichever is the lower amount, even if it costs the business more than that amount to process your credit card ...
Business credit cards are designed for small business owners, but they generally work the same as traditional credit cards for consumers. Businesses of all types and sizes — from side gigs to ...
The limited liability form essentially acts as a corporate veil that protects owners from liabilities of the business. [2] This means that when a business is found liable in a case, the owners are not themselves liable; rather, the business is. Thus, only the funds or property the owner(s) have invested into the business are subject to that ...
Credit card companies must apply payment amounts "in excess of the minimum payment amount" to a consumer's highest interest rate balances first. Statements must show consumers how long it would take to pay off their existing balance if the consumer made only the minimum payment, and must show the payment amount and total interest cost to pay ...
In certain U.S. states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC).
Since the card doesn't cost your business anything, getting and keeping a no-annual-fee card open is a great way to build business credit. You won't need to worry about finding ways to offset the ...
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