Capacities

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Basics, 1040, 1040 ez, 1099-?
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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 or Creditor


Debtor  |  For issuing debt instruments, one must understand rules and regulations are for protection and honest dealings.
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For more involved recipes-
Business Taxes

Many capacities of multiple entities  |  Determine your needs
Get a contemporary Dictionary of Finance and Investment terms

Why even operate a legal entity?  |  Limited liability
But how to determine the "corporate veil" or mirror image person tests?

Choose wisely  |  ingredients

Necessary elements for separation of entities. Decentralization  is possible con...

​ https://xdac.co/

Entities

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Your 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-

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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?
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