The value of your business on any given day is the difference between your assets and liabilities. While many assets have intangible benefits, such as goodwill, recipes and patents, liabilities are ...

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 ...

Assets generate income and appreciate in value, while liabilities drain resources and depreciate over time. Do you want to improve your net worth? Probably so. But if you’re like many people, you ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Charlene Rhinehart is a CPA , CFE, ...

Many small businesses incorporate to shield their personal assets from any obligations or liabilities arising from their businesses' activities. Corporations, as distinctly separate legal entities ...

Do you have any financial liabilities? Find out what this means, along with the different types of liabilities, with the MoneySense Glossary. In the world of personal finance, a liability is a ...

The International Accounting Standards Board has published a proposed set of changes in the accounting standards for financial liabilities to address what it calls the counter-intuitive effects of ...

Financial advisors frequently center wealth-building conversations on assets such as investments, property and retirement savings. They track and present returns to offer tangible proof of progress.

Julia is a writer in New York and started covering tech and business during the pandemic. She also covers books and the publishing industry. With over a decade of editorial experience, Rob Watts ...

If you’re new to the world of entrepreneurship or you’re starting a business of your own for the first time, you might get the advice to protect yourself from liability. Liability comes in a few ...