Business Information » Starting Business

What are the tax advantages to starting a small business?

admin — Fri, 19 Nov 2010 04:59:03 +0000

I have been thinking for a while about starting up a small business, based out of my home. It will basically be a mobile auto service business. I have heard lots of stuff about tax advantages to starting up a small business. I have also heard that you can write off a vacation once a year as a board of directors meeting. What are the facts about tax advantages for small business, or where on the web can I find this info? Any help is greatly appreciated!

By: Darrell

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Marketing Strategy

How can i get a business loans with bad credit?

admin — Thu, 18 Nov 2010 06:44:20 +0000

I have bad credit and i’m starting a web business not a big business so only need a small loan?

By: lil_b_z_honda

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Marketing Strategies

Starting a small business. How do I get financing? Does anyone know of a good resource for good information?

admin — Wed, 17 Nov 2010 01:31:57 +0000

I’m looking into starting a small business but apparently banks don’t loan to startups and there aren’t gov’t grants available for startups either. How do i go about getting the financing together? Are there any good resources? I am writing the business plan now.

By: Riley W

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Business Marketing

Building Business Credit

admin — Thu, 09 Sep 2010 05:27:48 +0000

Building business credit is an important element especially when you need to borrow money for starting new business or expanding your current one. Most businesses want to be able to borrow money when they need it, without the owners having to guarantee the loans personally so as to minimize their risk.

There are essentially some important steps to follow while establishing business credit:
Setting up a correct corporate structure and ensuring that your business appears stable and real to the credit bureaus. This means that you must get the proper occupational licenses and a listed phone number with directory assistance in the businesses’ name, among other things.

Borrowing or buying products and services from companies that will report your credit history to the major business credit reporting agencies such as Dunn & Bradstreet and Experian. Unlike personal credit ratings, best business credit scores are reserved for large stable businesses with several million dollars in sales a year and 25-50 or more employees. However, you can start small and gradually build your business credit rating to get the requisite borrowing power that your enterprise will eventually need.

It is essential to separate your personal credit from your business credit. Thus, even if your business fails to pick up, your personal credit will remain untouched. Similarly, if your personal credit takes a downward spiral, your business rating might also get affected even though it may be doing well and have nothing to do with your personal finances.

To ensure this separation and build business credit, you need to first form an LLC whereby your business becomes an entity unto itself. Next, you must have a Federal EIN and open a separate bank account under the exact legal name of the business and obtain all necessary business licenses, permits, etc.

It is imperative to open a business credit file with all of the three major business credit reporting agencies, obtain five vendors and/or suppliers that will extend a small amount of credit to your business and report your payment histories to these agencies.

Get three business credit cards, the transactions of which will be reported to the business credit agencies. Most importantly it is important that you pay all your bills on time.

By: William Brister

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William Brister – [http://www.businessloanproguide.com] – A guide to business loans.

business marketing plan

Read more on Building Business Credit…

When opening a homebased business, how do I go about advertising and marketing my service?

admin — Fri, 03 Sep 2010 12:49:31 +0000

I am starting a cake decorating business with my sister. I have no idea how to get my business moving.

By: JLB

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increase page ranking

What do I need to start a photography business in Washington State?

admin — Sat, 24 Jul 2010 02:48:52 +0000

I’m 18 and planning on starting my own photography business in Washington state. I was wondering if anyone could help me figure out what I need to do in order to start my business and get a business licence. I already checked the dept. of licencing website but I don’t get it. :p

If you have a business in Washington State, could you please help me out by telling me what you did?

Thank you!

By: I♥U

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Marketing Strategies

Starting an online entertainment business online can u help?

admin — Mon, 28 Jun 2010 10:33:21 +0000

I am planning on starting an entertainment(mainly tarot and astrology readings) business and will be charging clients a fee of less that 20 bucks. What is the first thing that I MUST do in order to start a business like this online? I need it to be 100% legal and not a scam. I am honest and would not like to be labeled a Scam artist! Thx in advance.

By: T³

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Coupon Organizer

How can I come up with some great ideas for starting a business?

admin — Wed, 14 Apr 2010 05:56:22 +0000

A small business to begin with of course…

I find that one of the most challenging things to starting a business is coming up with an idea with the kind of business you want to have. This is not easy for me.

What are some things/ideas/places you could recommend to me for starting a business? One of my friends tells me to identify a local need within your community and do some research on it and go from there? What are your thoughts about starting an online business? Can I have a business that has 0% investment or do I have to initially put some money in?

Ideas/thoughts/insight on how I can come up with ideas for a small business would be greatly appreciated. Thank you everyone in advance for your shared knowledge.

By: Anonymous

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Coupon Organizer

I would like to know is it possible to start a small business by using small business credit?

admin — Mon, 12 Apr 2010 02:35:30 +0000

I would like to know if it is possible to start up a business using business credit if:

1. You are starting a small business, or you are already a business owner.

2. You have to have perfect credit.

3. Do you have to already have to be in business for 1 or 2 years before you can aquire business credit?

By: charliesworld05

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Business Marketing

What kind of business report would you create when first starting a business to show to potential investors?

admin — Sat, 03 Apr 2010 07:45:34 +0000

Basically what kind of report/document would you create to show potential customers/investors/dealers when starting a new business and What would it generally contain?

By: Matt Space

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Coupon Organizer