by cmehnert01 | Mar 7, 2023 | Small business bookkeeping
In the U.S., a partnership is a type of unincorporated business with two or more partners who share ownership and liability of the business. The partners share profits and losses equally or as agreed upon in the partnership agreement. Unlike corporations,...
by cmehnert01 | Feb 21, 2023 | Small business bookkeeping
Are you wondering what S Corporations are and how they are taxed differently than other corporations? In this article, we’ll explore the basics of S Corporations and the unique ways in which they are taxed. Get your questions answered and learn all about the...
by cmehnert01 | Feb 7, 2023 | Small business bookkeeping
Currently, the most common business structure in the United States is known as a C corporation or “C Corps.” A C Corp is an independent legal entity, meaning that it has its own tax identification number and can enter into contracts and other...
by cmehnert01 | Jan 18, 2023 | Small business bookkeeping
A sole proprietorship is an unincorporated business owned and run by one individual. Although sole proprietorships are unincorporated, they are recognized by the IRS and state tax agencies as businesses. Because sole proprietorships are unincorporated, they have no...
by cmehnert01 | Jan 3, 2023 | Personal household bookkeeping
Credit card debt is a serious issue that can lead to financial ruin if not dealt with properly. The average U.S. consumer carries over $5000 in credit card debt, and this number is only increasing as more and more people turn to credit to make ends meet. If...
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