Capacities https://koinly.io/
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-
|
EntitiesYour position determines your portion-
Independent contractors
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? |