Standards for sole proprietorship business statements are no different from any other type of business, even though just one person owns a sole proprietorship. There are generally accepted guidelines ...

A sole proprietor is not entitled to tax deductions on salary paid to himself because these payments are not business expenses. When a sole proprietor pays himself a salary, he merely is transferring ...

Every corporation needs reliable access to capital to stay in business. Positive cash flow allows businesses to cover expenses, plan growth initiatives and reward long-term shareholders. Cash flow ...

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