Bookkeeping

Financial statements need to be accurate and transparent as even a small mistake can significantly impact your business — you’ll have to handle them carefully. Now, monitoring your firm’s cash flow is important as you need to know where and how you’re spending money. Although going offshore isn’t illegal, it does put the entity up...

Going offshore, on the other hand, means these activities take place in another country, location, or jurisdiction. Offshore investment accounts are generally opened in the name of a corporation, such as a holding company or a limited liability company (LLC) rather than an individual. Going offshore is common for companies and high-net-worth individuals (HNWIs) for...