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Finance

From accounting and budgeting to business credit and taxes, put your business on a solid financial footing -- and keep it there.

Today's Must Read
Jonathan Farrington
Did you know that one unhappy customer tells 10 to 15 others about their experience? If it’s really bad they’ll tell the whole world.
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Marco Carbajo
Are you planning on leasing equipment for your business? Learn how to determine which equipment leasing company is best suited to meet your company's needs.
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A great business plan looks failure right in the eye and finds a way around it.
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If you want to make sure you don't void the liability protection of your S Corp or LLC, you must make sure you do two simple things each year.
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Miranda Marquit
Getting ready to file your taxes? Here are 5 tips to help you this tax season.
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Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
Strategically targeted training can stop leaks of confidential information in its tracks.
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Marco Carbajo
Why should building business credit be on the top of your list? Learn why separating your personal and business finances should be a top priority.
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Rebbecca Mazin
By  | Filed In: Staffing & HR
My promise: This year ,I will only pick up my phone in the car after I have pulled over to the side of the road.
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Glen Ross
Your customer experience strategy needs the active support of all departments.
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Nellie Akalp
By  | Filed In: Legal and Finance
It's a new year with new opportunity! If those opportunities for you include incorporating a new business, here are some important things to keep in mind.
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Miranda Marquit
Look at your values and your financial priorities, and decide now how best to put your money to work during the year to come.
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When you spend so much time trying so survive day to day, it can be easy to forget why you started your small business in the first place.
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Nancy Germond
From exploding pastries to million-dollar slips, 2011 was chock full of expensive -- and often bizarre -- litigation for business owners.
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Sylvia Dion
By  | Filed In: Taxes and Finance
2011 started with a series of uproars over online sales taxes. It ended with a series of proposed federal laws that could put an end to the controversy for good.
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Miranda Marquit
Don't let holiday overspending and lingering debt ruin your new year. Here are some ways to deal with the problem as quickly as possible.
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With cloud computing, backing up isn't hard to do ... anymore. These days, it's easier, faster, and safer than ever to do your small business backups in the cloud instead of a local...
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Hanna Hasl Kelchner
By  | Filed In: Legal and Finance
A better job market brings a higher risk that employees will jump ship -- and perhaps take proprietary business information along with them.
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Odysseas Papadimitriou
The U.S. credit industry is in much better shape than it was a few years ago. And that means changes are in store for how consumers and small businesses deal with credit.
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Banks want to use social-network data to assess credit risk. That means you had better be extra careful about whom you choose as your online "friends."
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Susan Wilson Solovic
By  | Filed In: Legal and Finance
Are you sure which of your employees are entitled to overtime compensation? Here's how to reduce your company's exposure to a lawsuit or government audit.
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Business Glossary

Definitions for: limited recourse finance
limited recourse finance

  1. financing arrangement where the lender can require the borrower to repay only in special conditions that are spelled out in the loan agreement itself, and otherwise must look to the collateral as a source of repayment. Borrowers may have to pay more for limited recourse financing. See also nonrecourse loan.
  2. indirect lending arrangement where a dealer sells installment sales contracts to a bank, which assumes responsibility for collection of the debt as a holder in due course, and the dealer's liability for losses incurred by the bank is limited by contract. The bank's recourse against the dealer expires after a specified period.

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