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What does it mean when a LLC has only one owner?

Also known as a single-member limited liability company, or an SMLLC, is a limited liability company (LLC) that only has one owner. The term “single-membe...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

What are the business start up options?

Some popular options for small business start-ups include services businesses, consulting, virtual services, product sales or manufacturing or freelance w...

Why would a company want to delete a product or a product line?

One of the simplest reasons for deleting a product is the lack of profit. Likewise, if margins become too low, for instance due to cheaper competitors, it...

How do you calculate expected return standard deviation and coefficient of variation?

How to calculate coefficient of variation Determine volatility. To find volatility or standard deviation, subtract the mean price for the period from each...

What is a withdraw penalty?

A withdrawal penalty refers to any penalty incurred by an individual for early withdrawal from an account that is either locked in for a stated period, as...

What are the consequences of cash flow problems?

If you don’t have cash in hand, you may be forced to take on additional loans or make late payments. This can lead to late payment fees on utilities or de...

What happens when a company closes your credit card?

First, let’s look at what does not happen when a card issuer closes: your debt does not go away. Even if the company closes, you still have to pay your cr...

Can I claim someone as a dependent if they get SSI?

Social security income is support provided by the individual, and government assistance, like SSI, is support that comes from a third party. So, if most o...

What happens to assets left out of your trust?

Assets commonly left out of trust can be poured over into a living trust through a pour-over will after the death of a trustee. Although a pour-over will ...

What does it mean if current assets are less than current liabilities?

Working capital Working capital can be negative if a company’s current assets are less than its current liabilities. Working capital is calculated as the ...