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Mark Tew

Sep 17, 2026

KendallHOST
7:06
And like what, if I've been selling for three years, is one of those something that I should be thinking about doing or am I fine to just continue how I've been doing it?
7:18
Yeah, usually you're fine just to continue how you're doing it.
7:21
It just depends on what your goals are, how much sales and profits you're generating.
7:27
Um, but yeah, in, in the beginning, like I said, in the last question, you're a sole proprietor by default.
7:33
So you don't have to go register that with your County or your city anywhere.
7:38
That's just what the IRS considers you to be.
7:41
Um, and that's the, the, it's something like over 70% of small businesses in the U S are sole proprietors.

8 MINS LATER

HannahHOST
15:37
What is the difference between the cash and accrual method for tracking? And which one is more preferred?

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