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Tip of the Day Pay All Credit Card Balances In Full Each Month

Pay All Credit Card Balances In Full Each Month - It is necessary to pay all credit card balances in full each month to prevent paying extremely high interest rates...

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Corporation

Definition: A corporation is a legal entity created by one or more persons.  This entity offers limited liability status that prevents the owners from being personally responsible for the debts of the company.  A corporation also has the ability to issue stock to its owners.  The act of forming a corporation is known as "incorporating."

TeenAnalyst Advice: If you're thinking about forming a corporation, it's important to know all the advantages and disadvantages.  For example, corporations are double-taxed, which means that when the company makes money, it has to pay a corporate tax.  After it has paid a corporate tax, the owners have to pay an income tax on their share of what's left over.

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Definition of the Day Corporate Governance Explained

Definition: Corporate governance refers to how well a company's management and board are looking out for shareholders' interests.Advice: As shareholders, investors' should be assured that management and the board are doing the right thing for them.  Companies that do a good job of looking out for shareholders' interests are said...

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