Examples of liabilities include loans, tax obligations, and accounts payable. An asset is something of value that you own or that's owed to you. The loan would be an asset if you lent money to ...

Anyone who has run a business of any size understands how confusing and, at times, complex the tax code can seem. So deferred tax assets (DTAs) can be challenging. However, understanding them is ...

Limited liability companies (LLCs ... consider an example of an LLC providing asset protection: Example. A rental real estate owner wants asset protection, so they form several LLCs to hold ...

Examples of current assets include: Current liabilities are all the debts and expenses that the company expects to pay within a year or one business cycle, whichever is less. They typically ...

or grow their assets while maintaining or reducing liabilities. Examples of net worth calculation Since net worth = total assets - total liabilities, this person's net worth is $20,800 - $23,000 ...