Your company's assets and liabilities are reported on its balance sheet. Assets go on one side of the sheet, liabilities on the other. The difference between them is the owners' equity in the company -- what the owners would take away if they sold all those assets and paid off all those debts.
Key Points. For all residential premises, whether houses or flats, a landlord may, depending on the circumstances, be liable to be prosecuted if anyone such as a tenant, resident, workman or visitor, is put at risk of being exposed to asbestos or is actually exposed to it.
This is not the case, however, because it is considered a personal transaction for the tenant. It is a business transaction for the landlord, however, because it is income. When this income is then used for property improvements, it becomes a business transaction and therefore the 1099 MISC should be filed.his is not the case, however, because it is considered a personal transaction for the tenant. It is a business transaction for the landlord, however, because it is income. When this income is then used for property improvements, it becomes a business transaction and therefore the 1099 MISC should be filed.