Most criminals regardless of jurisdiction use corporate structures as the number one vehicle for disguising and moving illicit money around the financial system. The concept of beneficial ownership became popular due to this misuse of companies by criminals to hide their true identities. As a business owner, we hope by now you should be aware …
In the quest to save money by doing everything themselves, business owners and entrepreneurs may overlook certain post registration legal requirements which may haunt their companies in the future with large statutory fines and penalties. Most business start-ups are required to make tough decisions where the allocation of resources is concerned, especially if the owner …
8 Post Registration Legal Requirements for Companies Read More »
If you asked an accountant why your small business needs financial statements, odds are they’ll look at you with disbelief, and then probably think you’re joking. To an accountant, that question is pretty much like asking, “Do I really need periodic medical checkups?” Or “Isn’t having a head with eyes a little bit overrated?” That’s …
4 Reasons Your Small Business Needs Financial Statements Read More »