You have probably seen the familiar blue and white BBB logo or seal. Businesses display this seal for one reason: the public tends to place trust in a BBB accredited business. The seal is one way that consumers sort out credible, responsible businesses from irresponsible scams and fly-by-night outfits. However, businesses must earn the right to display the BBB seal, and that comes only after going through the accreditation process.
Read MoreOur research on the contagiousness of employee fraud tells us that even your most honest employees become more likely to commit misconduct if they work alongside a dishonest individual. And while it would be nice to think that the honest employees would prompt the dishonest employees to better choices, that’s rarely the case.
Read MoreImagine you are asked to notarize a signature — and you realize the individual whose signature is on the document isn't present. "I'll sign it," says the person who brought you the document. "I have power of attorney to act for them."
Read MoreIf your business has an outstanding line of credit, the interest rate you’ll pay is the current interest rate set by the borrower. This rate, which is likely geared to the bank’s prime rate, is effectively fixed according to the fed funds rate. As the fed funds rate increases, so does the prime rate, and thus the rate you pay on your line of credit.
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