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business finance

Finance: Plan for sale well in advance

Q. How, and when, should I plan for selling my business?
 - 
06/22/2012

A. One of the benefits of owning your own business is the option of how you are established for tax purposes. As examples, you can be a partnership, sole proprietorship, LLC, Sub S, or Sub C.

Finance: Project your cash flow

Q. Q. Is there a connection between making a profit and having cash?
 - 
05/24/2012

A. For a business to have a comfortable amount of cash on hand, the business cannot be experiencing a tremendous growth or a comparable downturn in business.