Posts Tagged ‘Business Documents’
3 Small Business Financial Statements You Need to Know
When it comes to financial statements for business management, small business owners tend to fall into one of three categories: Small business owners who have their financial statements completely in order and use them to drive a thriving company. Small business owners who understand how financial statements work but are too busy to fully apply…
Read MoreHow to Read the FDD’s Financial Performance Representations
Let’s be frank for a moment. The Financial Performance Representations, item #19 in the FDD, carry serious weight in determining if you purchase a franchise. It addresses the burning question driving every prospective buyer, “How much will I make running this franchise?” Yet, the complex financial performance representations displayed in the FDD are anything but…
Read MoreShould I Use Form 1040, Form 1040A, or Form 1040EZ?
When you file a personal income tax return with the IRS by April 15, you have a choice of 3 basic tax forms to select from that are essentially designed to report similar tax and financial information. These personal income tax returns include: Form 1040 Form 1040A Form 1040EZ While they have similar intentions, each…
Read MoreA Guide to Balance Sheets and Income Statements
When you own a small business, organization and good recordkeeping are two of the most powerful tools you have at your disposal. Keeping track of things like sales, outstanding invoices and monthly expenses is essential to understanding how healthy your business is at any given moment. Proper records are also a must if you plan…
Read More5 Partner-Specific Areas to Cover in a Written Partnership Agreement
When you first get your startup off the ground with a partner, it’s easy to feel like you’ll be in it together for the long run. But what happens when the dynamic begins to shift? One person may gradually devote less time and energy to the company, and the other may plan on taking it…
Read MoreStarting a Business? 3 Documents You Never Thought You Needed
While starting a business is an exciting endeavor, it does consist of some unexciting elements, like properly filing the required legal documents. Although it’s a mundane process, preparing all the appropriate documents is critical to protecting the future of your business. Bypass this step, and you are sure to get caught with your pants down…
Read MoreProtect The Financial Health of Your Small Business with These Vital Documents
As an entrepreneur, you have a wide range of responsibilities and tasks to look after on a daily basis, from product or service development and staffing, through to sales, marketing, customer service, and more. One of the most vital areas of any organization that really shouldn’t be overlooked is finance. While it’s important to understand…
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