Ronnie Patterson is the founder of MagnÜron. After more than a decade playing guitar in local bands and 14 years of factory shifts while caring for his mother, he earned a B.S. in Engineering Management Technology and certifications in Lean Six Sigma Green Belt and project management. He writes practical guides on small business and life skills.
Cash accounting records money when it moves. Accrual records it when it's earned. See the difference side by side, with a worked example and how to choose.
EBITDA shows how much your day-to-day operations earn before interest, taxes and depreciation. Here's the formula, a worked example and when it matters.
A sole proprietorship is the simple default. An LLC adds personal liability protection for a small state fee. Compare taxes, costs and paperwork side by side.