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Business Accounting

Full Video Transcript

Before you start a business, research the matter thoroughly to ensure the best chance of success. Engaging a qualified business attorney can provide valuable information like whether the business complies with zoning regulations, and they can advise you if have any trademark or copyright infringements. Once legal matters are in compliance with federal, state, and local laws, it’s important that the business’s accounting is accurate. For small businesses, financial statements and monthly statements must be reported properly. If they’re not, the business may suffer tax implications and liabilities. For your benefit, make sure the business’s accounting is handled by a professional

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