Helaina

An S corporation can have one shareholder. S corporation shareholders must be individuals, certain trusts and estates, or tax-exempt organizations. Partnerships, corporations, and nonresident aliens cannot be shareholders. Liability and Tax Implications Sole proprietors have unlimited liability. S corps offer liability protection by separating personal and business assets. However, owners may be personally liable if … Read more

A consignment store sells goods for individuals who pay a fee to the store owner to sell their goods. Consignment stores may sell specific items or everything from furniture to clothing. To successfully manage a consignment shop, you need retail knowledge and funding. Revenue varies and depends on many factors. In 2014, Goodwill Industries generated … Read more