Remove Bankruptcy Remove Liability Remove Remodeling
article thumbnail

Bookkeeper Vs. Accountant Vs. C.P.A. For Your Construction Company

Contractor Bookkeeping

At that, sadly, is during the bankruptcy proceedings or at the auction where their entire construction company is being sold for pennies on the dollar to pay off some of the mountain of debt they accumulated. Assets - Liabilities) = Equity. -. Business Owners - Need three basic reports, Cash, Profit and Equity. Cash On Hand.

article thumbnail

How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. We have a contractor licensing guide for every state you can refer to.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Start a Plumbing Business: 9 Tips for Growth

Levelset

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Optimize your website.

article thumbnail

How to Start an Electrical Business: 9 Tips for Growth

Levelset

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Optimize your website.

article thumbnail

How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

You’ll need a name for your business entity and a business structure — often a sole proprietorship or limited liability company (LLC). If you start growing without proper financial management, you will quickly find your company out of cash and in bankruptcy court. Optimize your website.

article thumbnail

State by State Incentives Guide

Buisness Facilities Contributed Content

If a business entity invests in a qualifying project that meets certain requirements and is approved by the Alabama Department of Revenue, and maintains minimum annual requirements, the company may receive an annual credit against its income tax liability generated from the qualifying project.

Income 108
article thumbnail

STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

It is a credit of five percent of the capital costs of a qualifying project, to be applied to the Alabama income tax liability or financial institution excise tax generated by the project income, each year for 20 years. The credit is 20 percent of the actual costs limited to the employer’s income tax liability.

Income 75