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An worker will get wounded onsite and sues for carelessness. Without workers’ comp, the business foots the lawsuit.Establishing a C corporation or S corporation produces a individual authorized entity that could difficulty inventory. Entrepreneurs (shareholders) are shielded from liability. C corps face double taxation on earnings.Carefully utili

As per Smith and Ashburne, “Accounting will be the science of recording and classifying small business transactions and occasions, generally of the monetary character plus the artwork of creating sizeable summaries, Examination and interpretations of these transactions and events and speaking the outcomes to folks who need to choose decisions or