Written from the viewpoint of the sole proprietor, partnership, Limited Liability Company, or private corporation, this text provides financial statements for every type of business, not just corporations; and includes balance sheets that show a negative equity position, as many businesses do get into financial difficulty or declare bankruptcy. Entrepreneurial Finance includes an extensive chapter on personal finance and covers every type of retirement program available to the small-business owner. Written in the first person that speaks directly to the small business owner, this text provides practical problems, reflects current Federal Reserve policy, and gives specific uses for each of the six formulas presented regarding the time value of money.