No, unless it is a sole proprietorship. The IRS cannot put a lien on anything held by a corporation, LLC, etc. However, note that the IRS lien attaches to all property -- real and personal, tangible and intangible. That means that if they put a lien on you, they have technically attached that lien to your ownership interest in the company.
Personal assets are things that are owned and accumulated by someone. Personal assets are also things that can help an individual establish their net worth.
The benefits of good business credit scoring is that lenders can offer better interest rates and it will save you money. It can also reduce your personal liability and protect your personal assets.
Accounts receivable is also part of assets of business and cash as well so there is no difference on overall assets of business.
In a personal letter you can talk to the person like a friend, and in a business letter you need to be very polite to the person. Business letters also have a definite cause and are direct about why the letter was sent.
To estimate the value of assets that a business has. An appraisal is useful for tax and insurance purposes. It is also useful if a person plans to sell their business and needs an idea of how much everything is worth.
It is personal assets that are not fixed to a specific location. Assets fixed to a location assets are realty. Personalty is also known as chattel.
Personal capital can come in handy when someone does not have education or other assets that can generate wealth. Personal capital and talents however differ from one person to another. They can also fade if they are not well practiced.
Business entity convention The convention that holds that, for accounting purposes, the business and its owner(s) are treated as quite separate and distinct. The business entity concept provides that the accounting for a business or organization be kept separate from the personal affairs of its owner, or from any other business or organization. This means that the owner of a business should not place any personal assets on the business balance sheet. The balance sheet of the business must reflect the financial position of the business alone. Also, when transactions of the business are recorded, any personal expenditures of the owner are charged to the owner and are not allowed to affect the operating results of the business. Business entity convention The convention that holds that, for accounting purposes, the business and its owner(s) are treated as quite separate and distinct. The business entity concept provides that the accounting for a business or organization be kept separate from the personal affairs of its owner, or from any other business or organization. This means that the owner of a business should not place any personal assets on the business balance sheet. The balance sheet of the business must reflect the financial position of the business alone. Also, when transactions of the business are recorded, any personal expenditures of the owner are charged to the owner and are not allowed to affect the operating results of the business.
Sole traders are not distinct legal entities from their owners, so they have unlimited personal liability for business debts and obligations. This means that their personal assets can be used to settle business debts. Sole traders are also responsible for their own taxes and are not subject to some regulations that apply to larger business entities.
To dissolve your business you can sell your assets and file a form with the Secretary of your state. You will also need to pay your business expenses.
When a person has ethics in their every day lives, they will also have business ethics. They will ensure that they are making sound decisions when it comes to the organization.
To calculate recovery of working capital one must minus current assets by current liabilities. This will also allow the business person to forsee any business deficits that may arise.