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Lessons That Everyone Can Learn From Successful Entrepreneurs

Lessons That Everyone Can Learn From Successful Entrepreneurs 1

Successful entrepreneurs can sometimes seem larger than life. But beneath all the lavish paychecks, titanic success stories and endless media fawning, the great businessmen of the world are normal people just like everyone else. Their lives offer lessons that can be applied to countless everyday scenarios. Below are several life lessons we can learn from … Read more Lessons That Everyone Can Learn From Successful Entrepreneurs

How to Set Up a Limited Liability Company (LLC)

I have been thinking about setting up a Limited Liability Company (LLC) for my web business to limit my personal liability risk.  An LLC is an attractive option for incorporating a small business, because it offers the same personal liability protection as a corporation, but the pass-through taxation of a partnership or an S-corporation. For … Read more How to Set Up a Limited Liability Company (LLC)

Big Bath Accounting Fraud

Big Bath Accounting Fraud 13

One of the hardest accounting frauds to spot is big bath accounting. When a company is doing really bad and has no chance of meeting earning expectations, unscrupulous management would begin writing-off every expense and asset they could imagine. As a result, future expenses are reduced significantly and naturally earnings increase. In other words, the … Read more Big Bath Accounting Fraud