
How a Single-Member LLC Works
A single-member LLC is a limited liability company owned by one partner.


A single-member LLC is a limited liability company owned by one partner.


General and limited partnerships share similar features, like pass-through taxes, but differ in liability and day-to-day operations.


Self-employment taxes can add up for independent contractors, but tax deductions are a welcome perk.


All the expenses your business deducts must be “ordinary and necessary,” according to the IRS.


A limited liability limited partnership shields both general and limited partners from personal liability for business debts and legal action, which may make it more enticing to some than a limited partnership. But LLLPs are not recognized in all U.S. states.


Small-business bookkeeping involves setting up a framework, choosing your method and keeping track of details.


Here's how to create an invoice in QuickBooks Desktop and QuickBooks Online, plus some helpful tips and tricks.


Confirm that you and your virtual bookkeeper use the same accounting software.


A point-of-sale terminal allows businesses to process payments. Here's what to know, and which one you need.


This Bookkeeper360 review discusses features and pricing to help you determine if this is the right service for you.


Follow these five steps to find a reputable small-business tax advisor in your area.


PaymentCloud is a good option for high-risk small businesses, but the company doesn’t disclose its pricing.


Accepting payments online isn't complicated as long as you understand the basics.


Here's how to show changes in retained earnings from the beginning to the end of a specific financial period.


A joint venture is an agreement by two or more people or companies to accomplish a specific business goal together.


Both Xero and QuickBooks Online are 5-star products. The right choice for you depends on your business’s complexity and user interface preference.


Depreciation determines the loss of an asset's value over its useful life.


Sage Intacct is a powerful accounting software product for aggressively growing small businesses.


Use this list of legal requirements to start a small business.


The main difference between a copyright and a trademark is that a copyright protects creative work, while a trademark protects branding.
