What Is a Disregarded Entity?
A “disregarded entity” refers to an entity with one owner and not organized as an entity such as a corporation, LLC, or partnership. For federal tax purposes, the disregarded entity and the owner, who is a natural person, are not treated separate.
Breach of Fiduciary Duty in California
A breach of fiduciary duty in California occurs when an entity or person in a trustee position fails to act in the beneficiary's best interest.
List of 12 Biggest Business Startup Costs
It is a good idea for every entrepreneur to consider the costs associated with starting their business. Financing is stressful, but estimating startup costs goes a long way to ensuring a business succeeds.
10 Tips on How To Start A Food Truck Business
Running a food truck business is an exciting and trendy opportunity for any entrepreneur with a passion for food. If a business owner chooses the right financing options and follows the above tips, then he or she has every chance of success.
What is a demand letter?
A demand letter is a letter that is commonly written by a lawyer on behalf of a client setting forth facts supporting a demand for money. A demand letter is usually the first step in resolving a dispute between two opposing parties.
What is working capital cycles?
In business, a Working Capital Cycle is the period that a company waits to receive payment to create available cash. A long cycle means tying up capital for a longer time without earning a return. Short cycles allow your business to free up cash faster.
What Happens When Business Partners Disagree?
Before going nuclear, when business partners disagree, the partners should talk about how to move forward. If talking fails, the partners may discuss a buy-out. However, if there is wrongdoing by one business partner, a lawsuit may be an option.
Bank Statement Business Loans
A business bank statement loan lender relies only on the company’s bank statements to qualify the borrower.
Advantages And Disadvantages of Equity Financing
The main advantage of equity financing is that there is no loan to repay. The main disadvantage is giving up control of the company.
How to Prove a Verbal Contract
To prove a verbal contract is by getting witnesses to testify that the agreement was made. Also, proving a contract existed can be supported by documents such as receipts, invoices, delivery, statements, text messages, and emails.