Glossary: Draws
In tax terminology, the term “draw” refers to money taken out of a sole proprietorship by the proprietor, or out of a partnership by a partner.
Choosing a Business Entity: What is Basis?
What is basis? Basis in a business can be thought of as a person’s stake in that business.
Glossary: Capital Gain/Capital Loss
Glossary of tax terms: capital gain/capital loss