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Sole Proprietorships

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Ask your Sole Proprietorships questions to the best Accounting professionals from the world and let them guide you at ExpertsLand. ExpertsLand employs some of the gems mastering the domain of Accounting. Get your Sole Proprietorships answers to you questions on Book Keeping- Accounting Transactions 24*7 instantly from these Accounting experts.

The Accounting professionals at ExpertsLand have successfully answered Sole Proprietorships questions like:

  • I have just started a business as a sole proprietor, please tell me how to do book keeping of the same.
  • I am a Sole proprietor, I am withdrawing $ 20,000 from my business as salary, can I show the same in income statement?
  • I am a Sole proprietor, want to open a bank accoount on my business name. what are the basic documents required?
  • I am having $20,000 my advocate has asked me to invest it in a business, I am confused as to go for sole propreitor or corporation form of business
  • My question is as a sole proprietor how should I pay amount to my friends & relatives as they are working with me without any contract. Should I make a contract with retrospective effect?
  • I am running a business as a sole proprietor, my wife and some of my friends are working with us. My accountant is of the opinion that I should change it to LLC. Please advice?
  • I want to start a small business in retail sector having capital of $10,000, how much more should I invest in?
  • I am running a small nursery business. I purchased seeds from the suppliers, due to heavy snowfall seeds have been destroyed in the transit of about $ 50,000. Please tell me how can I book this loss in my books.
  • Sir, I am running a small business of garments, I have suffered a loss due to the stock stolen from my factory. I want to know how to make changes in the books of accounts.
  • My friend is planning to start a small ice-cream parlour, he is having $8000 and is planning to take $10000 from me. I want to know how should I show the same in my books.
  • Hi, I want to start a small coffee business but I am bit confused as to regulations, do I need to have restroom or emergency exit. From where would I get the information. Please help
  • Me and my frends are planning to start a small restraunt business. We have no prior expereince in this field. Please tell me what are the formalities needed for starting the same. Thanks in advance.

 

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