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Equipment financing
There is a form of business loan called equipment financing, primarily for the purpose of buying new or used equipment such as automobiles, machinery, or technology. You will obtain loans for products comparable to up to 100% of the price of the equipment you are trying to acquire. Over time, these loans are then paid back with interest.
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Accounting vs. Bookkeeping
Many small businesses are not familiar with the distinction between bookkeeping and accounting. There are some significant differences, though, and knowing what they are will allow you to employ the best of each to aid your business. It will also allow you to properly set your expectations for what each can contribute.
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What is an LLC?
A limited liability company (LLC) is a generally newer entity type, which is a combination of a corporation and a partnership. Forming an LLC legally separates the business entity from the owner(s), and ensures that liability for financial and legal issues of the business do not.
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