A liability is a financial obligation or debt owed. Liabilities are key elements on every company’s balance sheet, and therefore, important to stock and bond investors. Learn more. In finance and ...

Norwalk, Conn. — In a continuing effort to quickly converge at least a few U.S. standards to international standards, the Financial Accounting Standards Board is hammering out a proposal on liability ...

Discover what umbrella insurance covers, how it enhances personal liability protection, and why it suits those with significant assets or high-risk activities.

I bitch about the Internal Revenue Code (a lot), but I'm smart enough to realize that courtesy of the complexities it contains, I will never run out of topics for Tax Geek Tuesday. If anything, my ...

Flood disasters are almost invariably a combination of natural "Acts of God" and engineering failures. On May 31, 1889, an 11-inch rain following an already wet spring led to the catastrophic failure ...

As tax geeks, you are likely knee deep in partnership tax returns right now. And after you’ve competently computed taxable income and proficiently populated the balance sheet, you’re ready to kick ...

Turning an “American Dream Project” into a nightmare for a New Jersey contractor, the U.S. Court of Appeals for the Third Circuit has held that, under ERISA’s multiemployer pension plan provisions ...

The United States Department of Health and Human Services (the “Department” or “HHS”) issued the “Omnibus” Final Rule (the “Final Rule”) on January 17th, 2013. The Final Rule contains long-awaited ...

Liability constitutes an important, and oftentimes ruinous, aspect of business. Small businesses in particular may face complete collapse in the face of a liability lawsuit. Various types of liability ...