Ask SmallBizClub

Do you have any suggestions for free health care or affordable health care for the self employed?

We do not know your company or your personal budget for health insurance coverage, but the best method to research and evaluate health insurance alternatives is to work with a local, qualified health insurance agent or broker who can help you evaluate alternatives, design a plan and obtain quotes from the insurance companies.
 

What should I do with an inactive business?

If you do not plan to focus any efforts on the technology company’s business and it is not generating any residual or ongoing income, then we would agree with you that you should dispose of this company to eliminate the tax and regulatory filings and other administrative costs of maintaining the inactive corporation.

 

How do you attract more members besides word of mouth, referrals, and local online posting?

The two basic reasons business owners pay to join and remain members of business networking groups are to generate sale leads or referrals and/or to obtain information that is valuable for them to run their business more profitably.

Where can I read about authorized tax deductions?

Self-employed business owners (i.e. sole proprietors, partners, shareholder-employees of S corps, and LLC members) generally cannot deduct the cost of their medical insurance or medical and dental expenses, including those paid for family members, as a business expense.

 

What is a good program that you would recommend to maintain and keep up with the cost and inventory of materials, equipment, and supplies?

For software to handle your inventory, fixed assets and other accounting needs, we do not know the number of items and transactions you deal with; however, Sage 50 and QuickBooks are two of the most popular accounting software programs used by small businesses.

 

Can I get a loan for consolidating business loans together and how do I go about applying for them?

Checking with your current lender or lenders would be the first place to inquire about the availability of and requirements for a consolidation loan. Provided that your business is financially stable and generating sufficient cash flow to service any consolidated debt, has a satisfactory credit rating, and has remained current on its existing loans, your current lender or lenders will be the most likely sources for an affordable consolidation loan.

Why should a business owner use a Commercial Tenant Representation Broker to help them locate & negotiate commercial space?

We do not know if you are currently under a commercial lease agreement or your experience with analyzing and negotiating commercial leases, which may affect your decision; however, you can review industry articles and suggestions on Commercial Tenant Representation Broker services at several websites…

Is there a personality test I can take that quantifies or measures my traits and also can be used as a guide to hiring an individual?

You may have difficulty trying to identify an exact match; however, you can access testing tools to design a test that will give you a good indication of a personality match. Also, company policies and procedures and effective performance reviews can help develop employees into the type of worker you want them to be.

What are health insurance solutions for a small business owner?

Employers generally consider group health insurance when they want to offer health insurance benefits to a small group of employees; however, group health insurance coverage may not be an option if you do not have an employee group of at least two individuals, which could include family members.

 

What do I need to know about setting up my business to sell advertising on its website?

The basic point in selling or obtaining business advertisers is the value it will provide to the specific business. Without high traffic statistics, you will need a strong marketing message about the purpose, target audience, and value of your website.

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