When gauging the financial health of your business, you should use ratios rather than absolute numbers. Profitability, liquidity, operating and solvency ratios should be considered. These ratios could alert you to trends which would require immediate action.
Profitability Ratios
The Gross Profit Margin measures your profit at the most basic level. Is your sales price reasonable based [...]
Entries from July 2008
How Is Your Business Doing?
July 27th, 2008 · No Comments · Business
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Your Business and Your IRS Bill
July 3rd, 2008 · No Comments · Business, Taxes, Tips
You’re at a fork in the road. This is no ordinary fork with two choices. This one has five choices. Sole proprietor, a C Corporation, an S corporation, an LLC (limited liability corporation), or an LLP (limited liability partnership) are the choices.
Tax issues and personal liability are the key issues in determining the best format [...]
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