Hello, I'm thinking about to move to the United States in few months, particularly in California, where, in company with my nephew, I'm going to buy an existing business. I'm having a strong idea about the business, so no probs in this case, but I need some confirmation about some accounting definition entity.
Well, I've heard of "annual adjusted net" and "annual revenue". I can imagine what they refer to, but I need to know if I've to pay any other tax (state or federal) on the "annual adjusted net" sum. I want to clarify that I understand about business accounting, but I have problems caused by the different systems of interpretation and terminology.