Loan Forgiveness Loan forgiveness is a situation in which a creditor, such as a bank or government entity, decides not…
Loan Received by a Business Obtaining a loan from a bank or other financial institution is a common way for…
What is an Owner Contribution? When a business is first starting out, its owners or co-founders may need to invest…
What are Capital Dividends (Canada)? Certain dividends, called capital dividends, may be paid tax-free by private corporations to their Canadian-resident shareholders. This means that no…
What are Incorporation Costs? Incorporation costs refer to the fees and expenses that are incurred in the process of forming…
What is Unearned Revenue? Unearned revenue is a type of liability that is recorded on the balance sheet of a…