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What types of insurance should a startup consider and why?
Listed Property
Assets specified by the IRS that are subject to specific record-keeping and substantiation requirements, such as vehicles and computers used for business.
Business Bad Debt
Debt associated with the conduct of a trade or business that becomes worthless or uncollectible during the tax year.
Short-Term Capital Loss
A loss realized on the sale or exchange of a capital asset held for one year or less.
Completely Worthless
A term generally used to describe an asset that has lost all of its market value or has no foreseeable use or value.
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