Choosing a legal entity for your real estate investment business is an important decision that has both legal and tax consequences. The wealthiest real estate investors are not just skilled at spotting a good investment or closing a deal—they are knowledgeable and savvy about all aspects of their business, including the way it is legally…
Is your hobby a for-profit endeavor? Whether an activity is a hobby or a business may not be apparent to the customers of the endeavor, but distinguishing the difference is necessary for tax purposes because the tax treatments are substantially different. The IRS provides appropriate guidelines when determining whether an activity is engaged in for profit, such as a business or investment activity, or if it is engaged in as a hobby.
This makes accounts receivable (AR) collections one of the most important tasks for small business owners. Unfortunately, it’s also one of the most neglected. Here are 7 strategies you can implement to help boost your AR collections and improve your cash flow:
How to Save Your Assets and Protect Your Business!
Corporate Compliance is not just a matter of keeping your business looking professional, owners must observe certain corporate formalities in order to reap the benefits. Formalities protect you and any other officers, directors or shareholders from personal liability for the corporation’s debts and obligations.