Very good information source on How to Save for Retirement from Mint.com.
The life and death of the $1 bill
A business can be large or small depending on factors like capital invested, the number of people, quantity produced and so on.
Small businesses, often sole proprietorships or partnerships, are as vulnerable to bankruptcy if not more so, as large ones. Small businesses may be defined as individual units providing products or services, having a small investment and employing few employees.
Credit cards have become the preferred mode of payment and most people avoid carrying cash in their wallets. They are issued by banks and other institutions which actually open a line of credit for the user and the user can borrow money to pay merchants for buying their goods or services. They can also be […]
The success of a small business depends on the funding it is able to arrange from various sources, which ensure a smooth cash flow.
Bankruptcy can be filed for by both individuals and businesses when they are unable to pay off debts and there is no other option left to explore. Bankruptcy offers protection from creditors and the federal court ensures that its decisions are in the best interests of the debtor and the creditors.
The stigma attached to bankruptcy and the economic and financial repercussions following bankruptcy, prove to be the biggest deterrents for filing it in the first place.
Bankruptcy is a legal recourse taken by an individual or a company that is badly in debt with no resources to pay or clear the debt. This includes the present and the future prospects being as bleak.
Small businesses have similar requirements to large ones, even the scale and number is much smaller. Equipment forms are an integral part of small businesses as well, that needs to be maintained and replaced over time.
A small business is defined as one which is privately owned, has only a few employees and low sales volumes. Though the number of employees and the capital invested in a business is different in various countries, it is certainly not one of the major market players in its field.
Small businesses need sources of finance to get adequate funding for their venture. While majority of small businesses start with the entrepreneur’s own funds, access to additional sources becomes important to meet the spiraling costs.
A line of credit is one of the instruments available to businesses to get access to funds for their business venture. Even small businesses can avail of this financing method to pay for everything from raw materials to equipment.
Factoring is a source of finance for small businesses. Factoring is a financial transaction between a business owner and a third party that provides instant cash to the former in exchange for the account receivables of the business.
Small business owners often find themselves pushed against the wall due to shortage of funds, and being unable to secure a loan for their business. This problem is even more pronounced in startup businesses which have yet to establish a credit record or show spiraling sales.
It seems everyone is keeping a closer eye on their wallets these days. That’s why it’s hard to believe that national and state government agencies are holding on to billions of dollars, unclaimed and seemingly forgotten.