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Tip of the Day Never Buy The Extended Warranty

Never Buy The Extended Warranty - Most of the time new products automatically come with a ninety-day or one-year warranty, which is during the period most products that are defective,...

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Partnership

Definition: A business structure in which at least two people own and manage the business.

TeenAnalyst Advice: Partnerships are easy to set up and that's why they're often preferred for small businesses with multiple owners.  All profits are taxed on the individual partners taxes.

The downside is that they aren't very stable organizations.  If a partner dies, it could send the business into disarray.

 

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Definition of the Day National Best Bid and Offer

National Best Bid and Offer - National Best Bid and Offer is the Security and Exchange Commission rule that requires the brokers to guarantee that the customers receive the best prevailing ask price when they purchase the securities and the best prevailing bid price when they sell securities. This incorporates...

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