When you initially form a business, you have the option of getting an EIN (employer identification number) from the IRS. This is a tax identification number for your business and is required if you have W-2 employees. When many people initially get the EIN, the IRS sends out an IRS CP Form 575, which is an […]
Cash flow can make or break your entire business operation. Getting paid fast and on time allows you to grow your business and pay bills. So your business is limited while you are waiting for your invoice to be paid.
The mission statement of the SBA (Small Business Administration) is to help Americans start businesses from the ground up and help them grow. They were founded in 1953 to promote free competitive enterprise. They help American business owners by providing:
Although in today’s business climate, building a business takes minimal cash most of the time, there are some businesses that need money in order to operate. In this category are mostly service businesses that require tools (like a truck) or a physical location. Whatever your starting capital needs are, don’t let it deter you from […]