Uh oh! You're not
+ Create New Flashcard
(in which the earner does not take an
part), not including
. Also called
income can be written off against passive losses.
letter of credi...
You also might like...
What is a limited partnership (LP)?
Business partnerships can be either general or limited, and as far as tax codes are concerned, exist as long as profits, losses and costs of a business are shared. While general partnerships are more common, limited partnerships are a popular method of raising capital from passive investors who ...
What Business Structure Should You Choose?
As you plan starting up your own business, one of the first decisions you need to make is the formal business structure you will assume. Which structure you choose depends on your industry, growth goals, and how many people you plan to involve in your company. It is important to have a full ...
Mom & Pop Entrepreneur Success Stories
Inc. vs. LLC
When setting up a new company two options are to incorporate and set up a corporation (Inc.) or to set up a limited liability company (LLC). Both provide the benefit of personal liability protection, where your personal assets are protected from claims against the corporation. This is a major ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: