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Accounting and Accountability

May 31, 2024

In this episode:

  • The importance of choosing the correct entity type when forming your business.
  • How to properly document the business use of a vehicle.
  • Retirement plans for your business.
  • Best practices for income shifting.

We also hear from Donny Legans, co-owner of Rail Haus in Downtown Dover, DE.  Donny owns this amazing new beer garden with his wife Kim.  He talks to us about starting an unfamiliar business in Central Delaware, guiding the community through the process of acceptance of a new idea, and the importance of letting your people shine in their own area of expertise.