Incorporation: Definition, How It Works, and Advantages

Content Reduce your taxes incorporate Forming a corporation offers important advantages for every business. Who Can Serve as an Incorporator? How to create your legal entity Other Entities to Know: B Corp This is possible because those shares are considered to be the owner’s personal assets and do not belong to the company. Because of […]

What are Unrestricted Net Assets?

Content unrestricted net assets definition Calculating Restricted Net Position (RNP) Taxes for Nonprofits Statement of Cash Flows A Board’s Guide to Surpluses and Deficits Create a free account to unlock this Template Permanently Restricted Assets at the Mayo Clinic Another animal-lover may want to be certain that a gift will be used only to rescue […]

What is Consolidation in Accounting? Meaning & Examples

Always start by reading the question requirement carefully to determine what is being asked for. The consolidation adjustment required for this deals with the fact that the group has made a profit of $500 on items which have not been sold on to a third party/non-group entity. Effectively, if you did not make an adjustment […]