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Posts from November, 2013

  • Loans From or To Related Parties Sometimes to get along, you have to get a loan. The Company may need funds, and you may lend some of your personal money to your Company. This is perfectly legitimate, but make sure there is a written promissory note, with some reasonable interest rate, and some reasonable ... Continue Reading
  • Inventory If you have items you sell at retail or wholesale, you probably will not have bare shelves at the end of the year, so you have to count your inventory. I recommend that you make a list of all your items and their unit cost. Then just count the number you have in stock and ... Continue Reading