If you’d like to know what accounts belong to the income statement, take a look at your own business tax return or at the Internal Revenue Service Form C, filed with a 1040.
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If you are a small business owner thinking of selling your company you may have many questions about the process and how to go about doing it. The overall process is quite unique (much different than selling real estate) and there are many misconceptions. The funniest calls are when people call up pissed about getting male enhancement fliers in their mailboxes. I’m like “so, you need to call customer service to get taken off the list.” SO MANY PEOPLE DO NOT LISTEN. I know you’re angry, but the funny part is, I had nothing to do with sending you those marketing materials. I’m just a drone working in a call center that sells … Read the rest