FAQ

There are three different types of life insurance, namely:

• Whole or permanent life insurance
• Term life insurance
• Universal life insurance

Financial liabilities are covered by your life insurance. By purchasing the right life insurance coverage, individuals or families are left in a better position to deal with outstanding debts.

Health insurance is insurance coverage that pays the insured’s medical, dental, and surgical expenses.

Everyone needs health insurance. Regardless of your age and pre-existing medical conditions, you should consider getting health insurance because it will cover your expenses if you get sick, suffer an injury, need surgery, etc.

Health insurance covers the whole family under one policy instead of buying different policies for each one. You may include your dependent children as well as aging parents.

It’s compensation for injury or death endured by employees in their workplace. The payment is to them or their dependents.

A workers’ compensation claim takes 14 to 30 days, depending on the investigation process.

If you have workers’ compensation insurance, the law states that your liability for any work-related injuries is limited. You will be immune to personal injury lawsuits in most circumstances.

• Limited Liability Company (LLC)
• C Corporation
• Nonprofit
• Doing Business As (DBA)

You need to process a local health department permit, zoning law permit, ITIN, and an EIN.

There are two options:

• Postal application – eight to ten days
• Online application – within 24 hours

Bookkeeping is the regular, systematic recording of all financial activities of a company. This data helps companies make vital operating, investing, and financing decisions.

Yes, your bookkeeper can pay your bills and comply with your taxes on your behalf, which is better because they can deal with these in a timely manner.

This depends on what you need for your business. You may need both a bookkeeper and an accountant. Another option is to get a full-time bookkeeper to maintain your books and consult with an accountant at the end of the year.