Balance Sheet: Definition, Parts, and Uses

A balance sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholder equity at a given point in time. As a document that lists…

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Profit and Loss: Definition, Parts, and Uses

A profit and loss (P&L) statement, also commonly referred to as an income statement, is a financial report that summarizes a company's revenue and expenses over a given period of…

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What Is a Will: Its Uses and How to Write One

When we pass on, we hope to leave our loved ones in the most consoling way possible. Creating a last will and testament is one of the wisest ways to…

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Sales Invoice: Definition, Parts, and Uses

A sales invoice is a financial document that itemizes a transaction between a buyer and a seller. Businesses use sales invoices for two primary purposes: to track customer purchases and…

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Paystub: Definition, Parts, and Uses

Employers use paystubs to communicate with employees about their earnings, deductions, and other withholdings. Employees use them to track their income, budget, plan expenses, and prepare for tax time. They…

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How to apply for an EIN for your business?

There are several important facets to starting a business — from devising a novel idea to building a great team to get your venture off the ground. One of the…

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Paper vs Digital Documents: Which Should I Use?

The question of whether to use paper or digital documents has become more relevant than ever as the world increasingly goes digital. Businesses and individuals face the decision of whether…

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A Guide To Better Understand Franchise Agreements

A franchise agreement is a legally binding contract through which a franchisor grants a franchisee permission to use certain intellectual property rights and proprietary information, such as trademarks, recipes, and…

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Who Should Use a Work for Hire Contract?

Work For Hire is a concept derived from U.S. copyright law that provides ownership of copyrighted materials to a company rather than an individual employee. Works created by an employee…

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