Being a limited partner in a business generally offers liability protection and potential self-employment tax advantages. But it may also trigger the passive activity loss (PAL) rules, which can limit loss deductions for federal income tax purposes. We explain what to know before investing or filing a return reporting partnership losses.

Whether an employee quits or is fired, there are several issues you need to understand. Read on to learn how to protect your company and how to conduct a beneficial exit interview.

When an employment conflict becomes heated or particularly contentious, an expensive lawsuit might be just steps away. The good news is there's a better way: mediation. It avoids court and often saves both parties time and money. This article explores specific benefits of mediation and advises employers to be prepared for it.

The word "franchise" has inspired many a budding entrepreneur. A franchise is a seemingly ready-made opportunity to quickly launch a successful business. Of course, in reality, it's not that easy. Franchises have risks all their own. This article discusses the topic from both pro and con perspectives.