Buying an Existing Business Always evaluate the business by reviewing its history and its operations. Learn the business’s marketing strategies, how it generates its sales, acquiring customers, and an understanding of its finances. Some items needed from the existing business: Financial statements Tax returns Copies of leases and deeds Debt and loan repayment schedule Inventory […]
Small Business Guide: Refining Your Business Plan. Many people need to modify their business plan to suit their audience for which the plan is written. Below are some examples for intended audiences: Raising Funds from Outside Parties: If your business plan is for bankersinclude: Amount of loan How the funds will be used […]
4 Elements to include in your Business Operational Plan: Management and organization Who is going to manage the business? Include professional and advisory support positions, such as board of directors, attorney, accountant, insurance agent, banker, bookkeeper, mentors, key advisors, etc. How much money will be contributed by each investor What ownership percentage will each investor […]
Now that you have decided on a name for your NC Limited Liability Company (LLC), you need to file the appropriate paperwork with the NC Secretary of State to become legal. Part 2 To read Part 1, click here *If you are a foreign limited liability company that wants to conduct business […]
First, the “why.” As every business owner knows, or should know, when you take on employees (as opposed to owners) your world changes quite a bit. All the sudden you have to worry about payroll, tax payments, withholding, etc. Additionally, you’re also now covered by a myriad of Federal and State laws that protect employees […]
