By adopting the tax changes now suggested in the Build Back Better proposal, Congress has a once-in-a-generation chance to close the gap between big and small companies. Eighty-five percent of small companies believe the tax structure favors big corporations over …

As an entrepreneur, you're undoubtedly well aware of how tough it may be to turn a profit. Once you've begun making money, you'll need to safeguard and increase your assets in the event that the market declines.

This implies that …

Draws and distributions to owners/investors are not subject to income taxes in pass-through companies like LLCs and S-Corps. This is why.

On a company's balance statement, draws and distributions are noted. A company's profit and loss (P&L) statement, on the …