Business Law Articles

A Purchase Money Security Interest (PMSI) gives a secured creditor priority over other creditors in the event of bankruptcy or liquidation.

Cash flow is the net cash and cash equivalents transferred in and out of a company. To calculate cash flow, subtract a company's total expenses from its total revenue within a specific period, considering both operating and non-operating activities.

Hold the $100 bill up towards a light source and look at the left side of the bill for an embedded thread that runs top down. Also, on the right side is a watermark of Benjamin Franklin. If any of the markings are missing, the bill is fake.

Passive income streams build wealth by generating consistent earnings without requiring your daily involvement.

Analyze your competitors' strengths and weaknesses and leverage your competitor's weaknesses by turning their weaknesses into your strength and business opportunities.

Learn how to write an effective business plan for a  coffee shop business proposal.

7 Simple Steps to Write an E-commerce Business Plan.

This article lists where entrepreneurs can apply for small business grants to start a new business.

The internal check involves checking accounting and clerical accuracy to prevent errors and fraud. An internal audit goes beyond internal checking by investigating transactions to detect fraud and irregularity in the business and accounting.

An LLC is a pass-through taxation entity, meaning tax advantages include no double taxation. Unlike a C Corporation, an LLC does not have corporate-level taxes. The profit and loss of the LLC flow through to the owners for tax purposes. The owners report the profit and loss on their personal income tax filings.