What are Some Examples of Liabilities?
April 13, 2022
If the word liability scares you, it’s a good idea to go over some examples of liabilities. Knowing and understanding what a liability is and what liabilities you have can be empowering. Plus, it can help you in the unfortunate event of a lawsuit. What Are Liabilities? To understand examples of liabilities, you need to know what a liability is. In its simplest definition, a liability is something you owe. If you’re a business owner, liability could be something in your personal life or related to your business. It’s important to understand that those liabilities are separate. Liabilities