Category: General

What accounts are qualified?

The most common types of qualified retirement accounts are IRAs and 401(k)s. IRS guidelines determine eligibility, and affect your deposits and withdrawal...

Can nonprofits sell assets?

A nonprofit corporation can buy and sell assets, similar to a profit-oriented entity. However, the organization must sell its assets in accordance with IR...

What is a corporation 1?

A corporation is a legal entity that is separate and distinct from its owners. 1 Corporations enjoy most of the rights and responsibilities that individu...