Reading and Interpreting Financial Statements
The income statement, balance sheet and cash flow statements are three important tools that you can use to analyze your small business, and provide financial information for banks and potential investors. This article will explain the benefits of analyzing each financial statement, and provide examples of how these statements are all connected. Our other article, […]
What Type of Business Entity Should I Start?
This article will address some of the common types of companies that you can form, including a sole proprietorship, limited liability company, C-corporation, or S-corporation. Once you are familiar with the benefits of each entity type, it can become much easier to answer the following questions: Should I file an LLC or S-corp? Should I […]
Changes to the Tax Law Have Encouraged the Use of the Section 1202 Small Business Stock Gain Exclusion
The U.S. has allowed small business stockholders to exclude profits from stock sales from their income since 1993. However, the exclusion under Section 1202 of the Tax Code has taken on greater importance after the 2017 Tax Cuts and Jobs Act (TCJA) encouraged small business owners to form as C corporations. The TCJA cut the […]
