Generally, when we have clients come in who are self-employed, we ask that they provide us with a profit and loss statement for their business. The bankruptcy court looks at the last six months before filing. I’ll generally ask clients just to put together a simple revenue versus expenses, profit and loss sheet, and that’s basically how we come up with the income
Real Estate Terms your Attorney Wants you to Know
Having familiarity with some basic real estate terms benefits people that want to buy or sell a home. Uncertainty about rights, duties, obligations, and contracts can lead to expensive mistakes that can be avoided. Very few people, however, want to read books like The...