When it comes to paying themselves, most LLC owners, freelancers, and entrepreneurs have options, and the right choice depends on how the IRS classifies their business. This guide covers the most comm…

You're generating revenue, but you're not sure whether you're actually making money yet or when you'll start seeing it. That's one of the most common positions small business owners find themselves in…

Knowing how to read a cash flow statement matters more than most owners realize. Use this article to learn how to read your cash flow statement, what it actually shows, its sections, how to spot probl…

Understanding what a series LLC is starts with recognizing how it differs from a standard LLC and whether that difference actually addresses your problems. This article cuts through the legal theory a…

If someone asked you whether your business is actually in good financial shape, could you answer with confidence? Learning how to read your balance sheet gives you that answer. This article is for own…

If you're wondering whether you should open a self-employed 401(k), the answer depends on a number of factors. Use this article to help you determine whether it's the best time to open a self-employed…

When used correctly, this rule lets you rent your home to your business, collect the rental income tax-free, and deduct the expense all at once. Use this article to understand the Augusta Rule, how yo…

Understanding what a cap table is is one of the first things to consider when you go from sole ownership to shared ownership in a company. Use this article to gain a better understanding of what a cap…

Hiring an accountant is not required for any entity or status, but almost every successful business in America uses an accountant or team. Use this guide to gain a better understanding of what an acco…