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:
SBA – Financing a Startup
SBA article on financing your startup
StartUpNation.com – Dispelling the Myths about Factoring
Alternative Business Financing Solutions: Dispelling the Myths about Factoring
Alternative Federal Credit Union
Sample of alternative credit options
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
Typical checklist of items required to apply for commercial loans & lines of credit.
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
IRS article of frequently asked tax questions.
IRS – Business Tax Information
IRS – Keeping Records
Article from IRS regarding keeping accurate records.
Cash Accounting vs. Accrual Accounting
All businesses need to choose one of accounting methods. This article reviews two methods of accounting; Cash Accounting
HCMPublishing – Choosing A Business Structure
Small Business Structure. Comparision and discussion of LLC, S-corporations and c-corporations.
TaxGuru.com – S-Corp vs C-Corp
Comparing corporate structures of S Corporations vs. C Corporations.
Scoreknox.org – For Profit versus Non-Profit
For Profit versus Non-Profit
Non For Profit Corporation Information
Advantages and disadvantages of nonprofit corporation; starting a nonprofit corporation by incorporating your business today.
PowerHomeBiz.com – Why Incorporate?
Article on the true value of Incorporation
Benefits of Incorporation
Why Should I Incorporate?
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
Advice and assistance for the entrepreneur, home and new business owner.
AllBusiness.com provides information, products, and services for entrepreneurs, small businesses, and professionals to start, manage, finance and build a business.
StartupNation is your source for small business advice – participate in our entrepreneur forum, get help starting a business, and find resources to work from.
Caters to international business people who are actively seeking opportunities abroad. Includes searchable issue archive, also browsable by date.
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
An electronic gateway of procurement information for and about small businesses. Search engine for contracting officers, marketing tool for small firms.