Do Distributions Reduce Capital Account? Capital Accounts and Basis in Partnership Distributions

Dividends reduce retained earnings. Distributions decrease capital account and outside basis. If the partnership has profits, the partner’s share of profits increases his capital account. Draws allow sole proprietors to take money from the business. Dividends come from company profits to shareholders. Capital gains come from the sale of company assets. Return of capital is … Read more

What Is a Parking Podium? Understanding Podium Parking

Podium Parking means parking spaces covered by a building’s ground floor and enclosed by walls. Podium parking occurs at or below sidewalk level. Steel parking structures have steel components connected for load-bearing purposes and rigidity. Parking Facilities Information Westquay car park closes overnight; last entry at 10pm, first exit at 5:30am. Overnight charge is £5, … Read more

How Profitable Is an Ice Cream Truck?

Overview of Ice Cream Truck Business An ice cream truck can be a profitable venture if managed properly. Factors impacting profitability include location, seasonal demand, and product quality. Market Research for Ice Cream Truck Business Steps for conducting market research: define target market, study consumer demands, analyze competition, and evaluate market trends. Data collection methods … Read more

Why Are Indemnity Clauses Bad? Understanding Indemnity Clauses

Indemnity clauses shift risk of loss from the person who caused the damage to the indemnified party. This can create a financial burden, especially if the damage is severe. Additionally, indemnity clauses can discourage precautions, because there is no responsibility for losses. Indemnity Agreement Details A description of the event triggering the indemnity A description … Read more