Unlocking Your Business Potential
How much do you need to start an electrical business? In general, many startup companies spend at least $5,000 to get started. These costs do not include schooling or apprenticeship, which can range anywhere from $3,000 to upwards of $20,000, depending on whether you choose to attend a community college, a technical school, or a … Read more
Does kabbage file a UCC? Kabbage does not require a personal guarantee. However, Kabbage will file a UCC lien against a small business that has been awarded a credit line, implying that the small business and its underlying assets serve as a form of collateral. Read more on unitedsettlement.com You may be familiar with Kabbage … Read more
You can apply for and receive an EIN from the Internal Revenue Service by submitting a Form SS-4. This can be done online, by phone, by mail, or by fax. We suggest online filing, as this is the fastest and simplest method. There is no fee to obtain an EIN. Read more on www.californiaregisteredagent.com Applying … Read more
How profitable is a gas station? According to statements collected by Sageworks, even when gas prices are at an extreme high or low, gas station owners and operators consistently see net profit margins of less than 2 percent, meaning they bring home less than two cents of profit for each dollar spent at the pump. … Read more
What are the tax advantages of a corporation? A corporation can deduct employee salaries, health benefits, tuition reimbursement, and bonuses. In addition, a corporation can reduce its taxable income by deducting insurance premiums, travel expenses, bad debts, interest payments, sales taxes, fuel taxes, and excise taxes. Read more on www.investopedia.com Selecting the appropriate legal structure … Read more
How much should I sell my salon for? A salon will usually sell for either: 2-4 times net income OR 35% of revenue plus inventory. If the salon doesn’t have positive net income or substantial revenue, then look at the value of the location and furniture. Read more on www.salontoday.com For business owners who have … Read more
How did the Rubells make their money? After more than twenty years of accumulating art, the Rubells inherited great wealth from Don’s brother, Studio 54 impresario Steve Rubell, who died of an AIDS-related illness in 1989. Their new financial status didn’t change their basic approach to collecting: discovering unknown talent. Read more on www.miaminewtimes.com In … Read more
Are carpet cleaning companies profitable? It can be lucrative.. According to industry data from Strong Carpet Cleaning Systems, carpet cleaners can make between . 35 to . 50 cents per square foot depending on the services offered-which can translate to upwards of $150 per hour. Read more on www.hourly.io Since decades, carpet cleaning has been … Read more
How much do pest control companies make? How much profit can a pest control service make? It is possible for a pest control business to make $50,000 to $75,000 in the first couple of years of operation. The profitability hinges on the company’s market, unique overhead costs and the number of clients. Read more on … Read more
How do I become an S Corp in Montana? To qualify as an S corporation in Montana, an IRS Form 2553 must be filed with the Internal Revenue Service. In very few states, you will also be required to file a separate state election, as specified by that state, in order to qualify as a … Read more