What Are Liabilities In Business? How Do You Deal With Them?

[Good-Person]

I think that liabilities mean something that you are supposed to pay. A loan could be a liability in a business. Your debts could also fall under liabilities. I think that almost all the businesses have some kind of liabilities, however, some of them might have different kind of liabilities. How do you deal with them?

 

[Smiles20]

There are some things that I known as liabilities in business and the way I handle them is to try to plan ahead to identify risks. This way I can be able to avoid them or look for ways to deal with them.

 

[Laurentta]

I don't have any business of my own and i also don't have anything i consider my liability in business. I guess one can deal with liability in business by reducing business costs.

 

[Skysaint]

Liabilities are all things put together that would threaten the success of your business and the best way to do it is to get rid of them. Being in debt is a liability and also having a lazy employee is also a liability.

 

[Danny4cash]

Liabilities are those thing you spend money on but they are not bringing needed profit. For instance, if you have a car that you're not using for your business but you spend your business money on, then such car is a liability to your business. The best way to deal with them is to find a use for them in your business.

 

[Emmy]

Liabilities in business are the amounts of money that a business owner to the outsiders such as long time debt, creditors and bank overdraft. However, when liability is said to be balance with assets, then you are having the same amount in capital or equity.

 

[Good-Person]

I don't have any business of my own and i also don't have anything i consider my liability in business. I guess one can deal with liability in business by reducing business costs.

Well, I think that you may not need to have a business to have a liability. I think that anything could be a liability. For example, electricity bills and other kinds of bills are also liabilities.

 

[Laurentta]

Well, I think that you may not need to have a business to have a liability. I think that anything could be a liability. For example, electricity bills and other kinds of bills are also liabilities.

Yeah, i know one does not need to have a business to have a liability. I meant i don't have a liability in business since i don't own any business of my own for now.

 

[Ronny_4son]

I think that liabilities mean something that you are supposed to pay. A loan could be a liability in a business. Your debts could also fall under liabilities. I think that almost all the businesses have some kind of liabilities, however, some of them might have different kind of liabilities. How do you deal with them?

Liabilities in business refer to money that the business owes to creditors, such as suppliers and lenders. These liabilities can include accounts payable, loans and other financial obligations. It is important for businesses to properly manage their liabilities to ensure that they can meet their financial obligations and remain financially healthy. Businesses can manage their liabilities by keeping track of their accounts payable, ensuring that payments are made on time, and negotiating with creditors to reduce their liabilities

 

[Agbalagbaa]

Just as you have said, liabilities Is just a money you can pay as the result of purchasing anything. In a simple term liabilities is more of like dept, which you are expected to pay.

 

[Planbizzle]

I think that liabilities mean something that you are supposed to pay. A loan could be a liability in a business. Your debts could also fall under liabilities. I think that almost all the businesses have some kind of liabilities, however, some of them might have different kind of liabilities. How do you deal with them?

In business, liabilities are a corporation's economic commitments. Businesses might use more loans, increased sales revenue, or leveraged buyouts to mitigate these liabilities. Furthermore, enterprises can try to bargain better deals with suppliers and lenders, or seek alternative sources of funding such as private equity or investment firms.

 

[eenya001]

liabilities are bottleneck in a company, by bottleneck i mean something that is hindering the company and also dragging the growth of the company, it can be in form of a loan.

 

[Kane]

Businesses have all sorts of liabilities. They have to pay the loan, they have to pay their supplier, they have to pay the rent, taxes, etc. As a business, you will always have to deal with liabilities.

 

[Chibson]

one of the major ways to deal with liabilities in a company is to always have proper plans. You can dedicate some percentage of your profit in the business venture to always service your debts, on the long run, you will normalise it.

 

[Sincerem]

I think that liabilities mean something that you are supposed to pay. A loan could be a liability in a business. Your debts could also fall under liabilities. I think that almost all the businesses have some kind of liabilities, however, some of them might have different kind of liabilities. How do you deal with them?

Liability can be anything you keep on spending money on, example could be an electrical generator for business. Some liabilities are positive as it help your business grow while others does not help your business grow but keep on taping from your business resources and those are the ones that must be avoided such as spending your business capital on gambling.

 

[Gandiba1]

Just as you have said, liabilities Is just a money you can pay as the result of purchasing anything. In a simple term liabilities is more of like dept, which you are expected to pay.

You're getting it right, because most times one gets liabilities as the result of purchasing a specific product. While the other one is different. We all know dept it is always expectee to paid.

 

[Skysaint]

Liabilities are whatever that was meant to see to the success of your business but is actually having the opposite effect. It might be a loan you took to develop your business or even the employees you have in your company.

 

[Good-Person]

one of the major ways to deal with liabilities in a company is to always have proper plans. You can dedicate some percentage of your profit in the business venture to always service your debts, on the long run, you will normalise it.

A company that tends to manage its assets in a proper manner are the ones that gain success. Similarly, a business is also required to manage its liabilities in a better way to exist.

 

[Chibson]

A company that tends to manage its assets in a proper manner are the ones that gain success. Similarly, a business is also required to manage its liabilities in a better way to exist.

Yeah, this is one of the major reasons it is very important to employ those who are knowledgeable. When you employ someone who is very knowledgeable about such kind of business your chances of succeeding will be higher.

 

[Lens]

Yeah, this is one of the major reasons it is very important to employ those who are knowledgeable. When you employ someone who is very knowledgeable about such kind of business your chances of succeeding will be higher.

The knowledge of the employees play a bigger role in the success of a business because when you employ people that are not experience, it will cost a drawback for the business.