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.

Recruiting and retaining committed board members is a never-ending process. Although state law typically sets the minimum number of directors a nonprofit must have on its board, it's up to you to determine how many members you need. Small and large boards come with perks and drawbacks. Here are some factors to consider once a board size meets its state requirement.

Suggestion boxes can work wonders. They cost little to set up and, over time, at least a few of your employees' ideas will likely save your company money and help it operate more efficiently. This article offers eight steps to a successful suggestion box program. A sidebar provides a brief history of the suggestion box, which starts in 1894.

Company-owned vehicles can be expensive to buy, operate and maintain. And the more vehicles you have, the more important it becomes to handle them carefully. The concept is called "fleet management" and, done properly, it can help a business claim available tax breaks, trim operational costs, maintain a good safety record and keep vehicles in tip-top shape. This article explains some of the basics.