Decreasing a Partner’s Capital Account: Understanding the Basics

What decreases a partner’s capital account? If the partnership generates a loss, then the partner’s distributive share of the loss decreases his capital account. Additionally, a partner’s contributions of cash or property increase his capital account. Conversely, a partnership’s distribution of cash or property to the partner decreases his capital account. Read more on www.irs.gov … Read more

Do I Need to Register a Trade Name in Arizona?

Do I need to register a trade name in Arizona? The registration of trade names and marks is not legally required in Arizona, but is an accepted business practice. Corporations and Limited Liability Companies are advised to check name availability with the Corporation Commission at http://www.azcc.gov. Read more on apps.azsos.gov If you want to launch … Read more

How Long Do Tanning Bed Tans Last?

How long do tanning bed tans last? Generally speaking, tans will last up to 7 to 10 days before skin starts to naturally exfoliate and regenerate. If you exfoliate your body before tanning, use a tan extender, and keep skin moisturized your tan may last longer than anticipated. Read more on www.healthline.com Popular alternatives to … Read more

How to Pay Yourself as a Single-Member LLC

How do you pay yourself as a single-member LLC? As the owner of a single-member LLC, you don’t get paid a salary or wages. Instead, you pay yourself by taking money out of the LLC’s profits as needed. That’s called an owner’s draw. You can simply write yourself a check or transfer the money from … Read more

The Rising Demand for Self-Storage: Trends and Future Outlook

What is the demand for self-storage? According to the 2020 Self Storage Demand Study by Self-Storage Association, nearly 10.6% of all households in the US rent a self-storage unit. The self-storage renter households increased from 11,806,381 in 2017 to 13,495. Read more on www.globenewswire.com Self-storage has grown to be a well-liked option for folks who … Read more

Responsibilities and Qualities of a Nightclub General Manager

The daily management and operations of a nightclub are under the control of the general manager of such establishment. They are in charge of managing the business’s finances, hiring and firing employees, and making sure everything runs smoothly. This article will go over what a nightclub manager does, how to become one, what they are … Read more