There are two types of corporations, C and S corporations, and C corporations are the "regular" type. Their primary differences lie in the way they are taxed; otherwise, they are very similar. We'll get to the distinguishing features of each, but here are some common denominators. The main … [Read more...] about What is a Corporation?
What is a Partnership?
Two or more individuals who join in a business enterprise—each of whom shares in profits and losses and contributes money, property, and labor or skill—comprise a partnership. There are two forms of partnerships: general and limited. Profits and losses are “passed through” to partners’ personal … [Read more...] about What is a Partnership?
12 Ways to Check Your Credit Score for Free
In Credit Scores 101, I went over the two main types of credit scores, FICO Score and VantageScore. In this one I provide 12 sites for you to view those scores completely free in minutes. It's wise to know your score and what's affecting it because you can see what areas need improvement. Also, … [Read more...] about 12 Ways to Check Your Credit Score for Free
What is a Sole Proprietorship?
If you’re making money from a side gig or doing freelance work, you’re probably a sole proprietor without even knowing it. A sole proprietorship is an unincorporated business formed by a single individual and is not recognized as a legal entity separate from its owner; it designates the person … [Read more...] about What is a Sole Proprietorship?
No-Spend til Debt-Free Challenge
I have a spending problem. My penchant for pretty, soft, high-quality, and beautifully scented things has gotten me into a lot of trouble since turning 18 and having a regular job. With relief I can say that in my several years of being an active credit card holder, I’ve been organized enough to … [Read more...] about No-Spend til Debt-Free Challenge
How to Avoid Paying Interest on Credit Cards
There's a simple way to continually get up to a 55-day interest-free loan from your credit card issuer. No gimmick, just a little thing called the credit card grace period. Establishing good credit is essential to financial fitness, and having a clear understanding of how your credit card's … [Read more...] about How to Avoid Paying Interest on Credit Cards
Alaska Airlines Visa Signature Credit Card Bonus and Perks
The Alaska Airlines Visa Signature credit card charges a hefty $75 annual fee, but for a regular traveler, I'd say the bonus and regular features justify the cost. Bonus If you make $1,000 in purchases during the first 90 days from account opening, you’ll receive 30,000 bonus miles (which won’t … [Read more...] about Alaska Airlines Visa Signature Credit Card Bonus and Perks
What is a 529 Plan?
If you don’t prepare for your financial future, you’ll end up in a jam. You might have already started saving money for your retirement. Paying for your child’s or children’s college education, should you choose to take on that burden, will require a major chunk of money that you should get going on … [Read more...] about What is a 529 Plan?