Determine in which capacity you will act |
How many capacities can one Person act in for business, and personal operations?
Your Way | You have absolute freedom to determine your position
Legal Persons are best suited acting in the capacity of Creditor
Debtor | For issuing debt instruments, one must understand rules and regulations are for protection and honest dealings.
For more involved recipes-
Your position determines your portion-
Why act in this capacity? |
IRS recognized legal entities |
The rules and procedures for how to operate in commerce with each legal entity will determine your tax liabilities.
A Mid-financial year review-
What financial statements are required to determine the health of my business?
Should I use a calendar year or fiscal? | Difference?
What maybe a basic period for most similar business, might not be the best strategic plan for your goals.
How best to utilize your legal entity | Instruments
What markets, money, or capital should I use to better my entities fiscal position?