Fundera

DECEMBER 26, 2019

You’ve worked hard, built your business, and now it’s time to hand the reins to someone else. As you’re working through the details of finding a buyer, negotiating a purchase price, and agreeing on the terms, you may wonder: How much of this am I going to owe to Uncle Sam? Can you minimize or defer some of the taxes that you pay? Possibly. It’s best to work with a qualified CPA or tax advisor as the rules for selling a business are complicated.

Small Businesses 71

Small Businesses 71

Fundera

DECEMBER 26, 2019

It’s a common refrain for many small business owners: Where’s my money? Unpaid invoices are a problem for many companies, but can be especially trying on smaller operations that depend on timely payment for day-to-day survival. So, if you have overdue payments, can you charge interest on outstanding payments? And, if so, how much? We’ll review best practices for charging interest on invoices for small businesses, including how much interest you can charge.

Small Businesses 68

Small Businesses 68

Fundera

DECEMBER 23, 2019

Capital Expense (CapEx) vs. Operating Expense (OpEx). Operating expenses (OpEx) are expenses needed to operate your business on an ongoing basis and appear on the profit and loss statement. Capital expenses (CapEx) refer specifically to long-term assets purchased as an investment in your business, the benefits of which will last longer than one year.

Deductions 68

Deductions Small Businesses 68

Fundera

DECEMBER 24, 2019

Making money is among the priorities of almost every business—but not the main goal for every business, especially those looking to serve the greater good. Some companies whose work is mission-driven may be looking to make a difference rather than make a profit. These businesses often set themselves up as nonprofit corporations. What is a nonprofit corporation?

Nonprofit Organizations 58

Nonprofit Organizations Credit and Collections Credit Unions Deductions 58

Fundera

DECEMBER 27, 2019

Thanks to the popularity of craft-focused, online marketplaces like Etsy, starting a business making crafts can be a lucrative endeavor for creative types. And depending on your bandwidth, it’s certainly possible to turn any of the following craft business ideas from an entrepreneurial hobby to a full-time gig. . Of course, the best craft business ideas for you are those that align with your particular interests and skill set.

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Fundera

DECEMBER 25, 2019

The role of travel agents has changed quite a bit as travel booking has moved online—more than ever, your expertise is what sets you apart and can help people get the most out of their experiences in far-flung destinations. For many, that means finding a business loan for travel agencies to help you update your services, modernize your office space, or bring on new talent to reach new customers.

Credit Scoring 52

Credit Scoring Credit Card Companies Small Businesses 52

Fundera

DECEMBER 23, 2019

When you’re starting a business , especially an LLC or corporation, you might find that a business address is required for some of the steps to get started and do business. If you operate out of your home, though, you might ask yourself, Do I need a business address ? After all, you already have your home address that you can use to register for permits, establish a business bank account, and more.

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Fundera

DECEMBER 22, 2019

Franchising can be a great option for people with an entrepreneurial spirit, but who don’t have the bandwidth or desire to go through the process of starting a business from scratch. But how does franchising work, exactly? Essentially, a successful business owner (known as the franchisor) franchises their business , enabling franchisees to own and operate separate locations under the franchisor’s name and operating systems.

Bankruptcy 52

Bankruptcy Credit and Collections 52

Fundera

DECEMBER 21, 2019

How to Start a Business in Washington State. Write a business plan. Come up with your business name. Determine your legal structure. Register your business. Obtain business licenses and permits. Understand your tax obligations. Obtain business insurance. Get startup funding. Organize your finances. Whether you live in Washington or not, we probably don’t have to tell you that the Evergreen State boasts headquarters to some of the world’s largest corporations, like Starbucks, Boeing, and Microsof

Small Businesses 52

Small Businesses Credit Scoring 52