Ask SmallBizClub
What do I need to do to start a 501(c)(3)?
While the 501(c)(3) designation is often denoted as an organization, it is actually a tax exemption status, rather than an organization itself. You will be required to form a business entity structure that qualifies for the 501(c)(3) IRS tax emeption status prior to filing for the exemption. We have provided information and resources below for you to review regarding how to form a nonprofit organization and how to achieve a 501(c)(3) tax emption status.
How do you find a manufacturer overseas?
If you are interested in reaching out to an overseas manufacturer for your product, there are several different ways you could go about it. The following are the common approaches to locating foreign manufacturers.
What’s a good source for a lead list and a good source or site for advertising to MLM prospects?
What is the best solution for increasing sales and tracking sales staff performance?
Businesses can use various marketing method tools—referrals, professional networking, direct sales, direct mail, websites, free publicity, onsite signage, print ads, business working websites, and others. Marketing methods are influenced by the industry, local competition, target customers, available capital, customer base, and other factors.
Which types of marketing attract the most clients?
The most effective form of advertising is word of mouth. Word of mouth or referrals cost no money, typically result in a new customer for the business and normally generate a very high response rate. It is unfortunate that other forms of advertising do not work the same way.
I have heard that if you believe in yourself/your business enough, you should use a credit card to get it started. Is this good advice?
Credit card debt isn’t all the same. Some people go deeper in debt than others, some have more resources than others as a safety net. Go into these dangerous waters very carefully, with a serious business plan, and a lot of thinking to provide a foundation to your decision to take this kind of risk.
What does it take to qualify for a business loan?
Start by understanding that this area is governed by banking law designed to protect depositors’ money from banks taking too much risk. So most of what they require is not up to them and not a matter of how good your business is or isn’t.
What questions can I legally ask a potential tenant for a home I want to rent?
Before renting to you, most landlords will ask for you to fill out a written rental application form. A rental application is different from a rental agreement. The rental application is like a job or credit application. The landlord will use it to decide whether to rent to you.
We are a boutique meal delivery service and are looking to hire drivers as independent contractors, what should a contract contain?
It is important to note that a worker’s classification as an employee or an independent contractor is not an arbitrary election by an employer or worker but is based on the worker’s job and the control the party who engages the worker exerts over how the worker performs that job.
How can I sell my business for profit?
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