Determining Your Business Costs
How do you determine how much money you need, not only to get your business started, but to keep it running until more cash is flowing in than out? One way is to consider all of the costs involved in running a business, not just those that are obvious.
Determining Your Current Resources
When you apply for funds to finance your business, the potential investor or lender will ask you three questions: how much do you want, why do you need it, and how do you intend to pay it back.
Improving Your Credit Report
To a business person, a good credit history is even more important. It might affect one’s ability to get the financing needed to start or run a business.
Business Plan Assistance
A Business Plan can be the single-most important tool in getting your business off the ground. It will help you define your goals, keep you on target, get financing, manage your growth, and more
Parts of a Business Plan
Whether you are starting a pizza shop or a plumbing business, a flower shop or a factory, you need a solid plan.
Deciding Your Ownership Structure
Learn about the different ownership structures - Sole proprietorship, Partnership, Corporation, Limited Liability Company (LLC). They all have distinct tax implications.
Obtain a Business Income and Receipts Tax ID
Every individual, partnership, association and corporation doing business in Philadelphia must file a Business Income and Receipts Tax Return in whether or not they earned a profit during the preceding year. Rental activities are usually considered business activities.