Why do small businesses need financial statements?
A recent conversation I had with a prospect was quite an interesting one. This is really a one-man band and has a side gig consulting business. It's common in today's world for someone to have a successful side-gig while working full or part-time on a regular job. So arguably this question is fair. Forgetting the requirements under the law, does a small business really need financial statements? I would say "yes" with a slight qualification Small businesses need financial inf