Or you could market your services to the marina to contract you to do the boat cleaning it offers to customers. Before you do that, you need to know what those services will be. A more involved level of accounting would be to work up balance sheets, income statements, and other financial reports on a monthly, quarterly, and/or annual basis, depending on the needs of the business.
- A single person who owns and runs a business is commonly known as a sole proprietor, whether that person owns it directly or through a formally organized entity.
- Most states require that you
