What is a Balance Sheet and Why Are They Important?

What is a Balance Sheet and Why Are They Important?

A balance sheet is a financial statement that provides a snapshot of a company’s financials at a specific time. Also known as a statement of financial position, a balance sheet shows what the company owns that can be converted to cash (assets), its debts and financial...
The 3 Most Overlooked Business Metrics You Should Track

The 3 Most Overlooked Business Metrics You Should Track

You are most likely monitoring several key performance indicators to determine how well your company is doing. Whether related to your finances, advertising, employee turnover, or website traffic, these metrics can be an effective way to measure, maintain, and improve...
4 Year-End Tax-Saving Strategies For 2022

4 Year-End Tax-Saving Strategies For 2022

Although the end of the year can be a hectic time, it’s also the deadline for your family to implement a number of key tax-savings strategies. By taking action now, you can significantly reduce your tax bill due in April, but with just a few weeks left in 2022, you...
Voting Rights in LLCs: Who Has a Voice?

Voting Rights in LLCs: Who Has a Voice?

On average, 4 million new businesses are started each year in the United States. Many of those businesses are organized as limited liability companies (LLCs). Combining the benefits of a corporation and a partnership, an LLC protects its members’ personal assets from...
Imitation May Not Be the Legal Form of Flattery

Imitation May Not Be the Legal Form of Flattery

In the 80s hit sitcom Cheers, the character Norm, a committed overeater, often talked about his favorite volume-discount restaurant The Hungry Heifer, where they served generous portions of foods like “beff” and “loobster,” which were not to be confused with the...