Prepare financial records.

Preparation should include

• keeping accurate records for payroll
• paying bills on time
• keeping record of tips
• completing W2 and W4 forms. 

Process/Skill Questions:

• How important is it to establish credit?
• What are the pros and cons of a business credit card?
• What is the importance of keeping accurate payroll records?
• Is it necessary to claim tips on your tax forms? Why, or why not?
• What is a W2 form? W4 form?