Jul
14

Show Me The Money

In the last couple of weeks I have been trying to help a couple of small businesses establish their legal identity, understand why they need to, as well as find financing. Below are some great articles and resources for a variety of issues related to these topics. As for financing, while there is no questions it is really a TOUGH TIME to find money, it is still possible. While traditional lines of credit from name brand banks seem virtually guaranteed to be declined in this economic climate of bank failures, if you are creative, there are still ways to find the money you need to build your business.

Here is a list of terrific resources I thought you would like to know about:

BUSINESS FINANCING

SBA – Financing a Startup
http://www.sba.gov/smallbusinessplanner/start/financestartup/SERV_BANKERFRIEND.html
SBA article on financing your startup

StartUpNation.com – Dispelling the Myths about Factoring
http://www.startupnation.com/articles/1213/1/AT_Alternative_Business_Financing_Solutions.asp
Alternative Business Financing Solutions: Dispelling the Myths about Factoring

Alternative Federal Credit Union
http://www.alternatives.org/businessloans.html
Sample of alternative credit options

Prosper.com
http://www.prosper.com
Prosper is an online community for person to person lending. Individuals borrow money from other individuals on a secure P2P loan marketplace.

Checklists for Commercial Loans & Lines of Credit
http://www.vcb-ca.com/businessloans.html
Typical checklist of items required to apply for commercial loans & lines of credit.

BizBuySell.com
www.bizbuysell.com/guide/b_finance_1.htm
Article on sources of financing, and where to go to look for money.

BUSINESS STRUCTURE AND RECORD KEEPING

IRS – Frequently Asked Tax Questions and Answers
www.irs.gov/faqs/faq-kw146.html
IRS article of frequently asked tax questions.

IRS – Business Tax Information
http://www.irs.gov/businesses/index.html

IRS – Keeping Records
http://www.irs.gov/publications/p583/ar02.html#d0e1782
Article from IRS regarding keeping accurate records.

Cash Accounting vs. Accrual Accounting
http://www.nolo.com/article.cfm/ObjectID/08E205EE-E8B6-4D25-A2B01C3AC318E291/catID/1745D9A3-D50D-4AAD-BFB3ED609A4EE3F5/111/ART/
All businesses need to choose one of accounting methods. This article reviews two methods of accounting; Cash Accounting

HCMPublishing – Choosing A Business Structure
http://www.hcmpublishing.com/Small-Business-Book/Business-Structure.html
Small Business Structure. Comparision and discussion of LLC, S-corporations and c-corporations.

TaxGuru.com – S-Corp vs C-Corp
/www.taxguru.org/corps/scorp.htm
Comparing corporate structures of S Corporations vs. C Corporations.

Scoreknox.org – For Profit versus Non-Profit
/www.scoreknox.org/library/versus.htm
For Profit versus Non-Profit

Non For Profit Corporation Information
www.form-a-corp.com/non-profits_QA.php
Advantages and disadvantages of nonprofit corporation; starting a nonprofit corporation by incorporating your business today.

PowerHomeBiz.com – Why Incorporate?
http://www.powerhomebiz.com/vol128/incorporate.htm
Article on the true value of Incorporation

Benefits of Incorporation
http://strategis.ic.gc.ca/epic/internet/incd-dgc.nsf/en/cs01357e.html
Why Should I Incorporate?

BizFilings.com
http://www.bizfilings.com
Incorporate Business – BizFilings helps you incorporate your business, form a Limited Liability Company (LLC) or a corporation.

BUSINESS DEVELOPMENT SUPPORT

The Small Business Start-Up Guide
http://www.isquare.com/chapter3.cfm
Advice and assistance for the entrepreneur, home and new business owner.

AllBusiness.com
http://www.allbusiness.com
AllBusiness.com provides information, products, and services for entrepreneurs, small businesses, and professionals to start, manage, finance and build a business.

Startup Nation
http://www.startupnation.com
StartupNation is your source for small business advice – participate in our entrepreneur forum, get help starting a business, and find resources to work from.

Entrepreneur.com
http://www.entrepreneur.com
Caters to international business people who are actively seeking opportunities abroad. Includes searchable issue archive, also browsable by date.

Score
http://www.score.org
Free online and face-to-face business counseling, mentoring, and training. Business help and advice for small businesses just starting or for existing businesses

SBA – Small Business Administration
http://www.sba.gov
An electronic gateway of procurement information for and about small businesses. Search engine for contracting officers, marketing tool for small firms.

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