Sole Proprietorship

The Sole Proprietorship A sole proprietorship, also known as a sole trader or simply a proprietorship, is the simplest and most common structure chosen to start a business. The sole proprietorship is not a legal entity, it just refers to a person who owns the business and is personally responsible for its debts. In other words, there is no legal [...]

August 30th, 2016|Categories: Legal|Tags: |

Corporate Credit Cards, Lines of Credit & Loans

Corporate credit cards A business credit card works more or less like a personal credit card. It's a revolving loan with a set limit. It's usually easier to qualify for a business credit card than a business loan, assuming your company's credit is pretty good. Unlike business lines of credit, you usually don't have to reapply for a credit card [...]

August 25th, 2016|Categories: Credit Card Processing|Tags: , , |

Who should consider factoring their receivables?

Before deciding whether factoring is right for your business, here are several items to consider Access to working capital Factoring is a way of reducing your working capital requirements -- the amount of money your business has tied up in inventory and accounts receivable, less your own payable accounts.  With factoring, as with any financial service, you should compare the costs [...]

August 18th, 2016|Categories: Accounting|

How to Fire an Employee – because someone’s gotta do it.

Firing people. Once, back in the days of the Hawthorne Experiment, it was easy, and employees would thank business owners for having hired them in the first place. Then it became kind of awkward for employers, having new "human resources" rules to follow. But now Donald Trump has made it cool again -- you just sit the underperforming employee down, look [...]

August 16th, 2016|Categories: Human Resources|Tags: |

Guide to Credit Card Processing

How does Credit card processing work? Today’s financial world sails a sea of plastic money. As a consumer, if you don't have active credit cards with a manageable balance and a small monthly credit card payment, you're probably not doing much to improve your credit score, or your rating with the credit reporting agencies. On the other side of the equation, a retailer that [...]

August 9th, 2016|Categories: Credit Card Processing|Tags: |