Owning a small business is the dream for many Americans. When it comes to tax time, the nuances can cause somewhat of a headache if you're unsure of the unique challenges and liabilities. This is true for all industries but a multi-generational company has special considerations.
If you calculate your sales margins by subtracting the cost of inventory from your retail sales amounts, you might.
Whether you want your business to have a single owner forever or you're actively seeking investors, you need to.