Sentences with phrase «personal owner of a business»

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According to the Wells Fargo / Gallup study, women business owners said their top three sources of initial funding for their business are cash or savings (85 percent), personal credit cards (37 percent) and financial gifts or support from family or friends (29 percent).

Entrepreneurs like limited liability companies because they protect owners from having their personal assets seized by creditors of the business.

The difference is that in an S corp, owners pay themselves salaries plus receive dividends from any additional profits the corporation may earn, while an LLC is a «pass - through entity,» which means that all the income and expenses from the business get reported on the LLC operator's personal income tax return, says Ebong Eka, a CPA who also pens his own blog about the world of entrepreneurship at MoneyMentoringMinutes.com.

Dig Deeper: The Real Consequences of Office Clutter Organize Your Workspace: The Value of a Personal Assistant Bringing on a personal assistant can be an invaluable step for the small business owner but choosing one is not an easy Personal Assistant Bringing on a personal assistant can be an invaluable step for the small business owner but choosing one is not an easy personal assistant can be an invaluable step for the small business owner but choosing one is not an easy process.

Owners of home - based businesses often fail to establish proper boundaries between their work and personal lives.

The small business owner who clearly communicates personal expectations and company goals, provides adequate compensation, offers meaningful opportunities for career advancement, anticipates work force training and developmental needs, and provides meaningful feedback to his or her employees is far more likely to be successful than the owner who is neglectful in any of these areas.

Similarly, personal beliefs are the subject of numerous nascent state laws that would allow business owners to discriminate against customers or employees they don't approve of.

As personal as it was, the struggle between Hollender and Newman reflected one that has long split the wider community of so - called green business owners.

Sanford J. Schlesinger, cochair of the family - owned - business practice of law firm Kaye Scholer LLP in New York City, urges owners to think about what he terms «asset segregation» to avoid potentially catastrophic personal exposure.

«It is important that business owners are prepared for a variety of situations, not only so their business can seamlessly continue running after a transition, but also so their personal finances can continue to support their financial and life goals,» Thiel said.

After all, when the market is hot, there's more chance that capital will be freed up and land in the hands of business owners looking to invest — whether it comes from banks or personal funds.

One such example is Jonathan Goodman, seven - figure business owner of the Personal Trainer Development Centre.

In the United States, more than 2.4 million small businesses are set up as a limited liability company (LLC) for the purpose of limiting personal liability and protecting the owner's personal assets in the event of business failure.

Whether the owner of a company can argue for deductibility for these costs could depend on whether the legal matter itself is personal or related to the business.

However, as a business owner, even if your personal assets are not leveraged, you are still responsible for ensuring payments are made in full and on time to avoid default through the personal guarantee of the owner (s).

«So in addition to building a credit record for the business and helping to separate personal and business expenses, business owners can generate a lot of extra value.»

Fortunately, thanks to new offerings, business owners who balk at the idea of letting their businesses influence their personal credit ratings now have other options, such as debit cards or secured cards.

Small business owners will be asked to provide a wide range of materials, ranging from personal and business financial statements to organization charts, licenses, and schedules of business insurance.

As a result, the concentration of women business owners in the retail and service sectors — and in traditional industries such as cosmetics, food, fashion, and personal care — is slowly changing.

All versions of the Trump tax plan have included some type of break for «pass - through» businesses, so - called because their profits are passed through to their owners and subject to the personal income tax rather than the corporate income tax.

«Small - business owners are beginning to demand the kind of controls they have in their personal banking tools from the business tools,» says Jeff Schultz, Bill.com's vice president of marketing.

Many business owners view their exit strategy as a chance to reap the benefits of their hard work and to increase their personal liquidity.

However, that approach assumes small business groups are concerned only with doing what's in the best personal interest of the majority of small - business owners.

Business owners are popular targets for identity thieves, he says, because they typically have access to substantial lines of credit, they're engaged in a lot of transactions that could put their information at risk, and their personal and business finances are often inteBusiness owners are popular targets for identity thieves, he says, because they typically have access to substantial lines of credit, they're engaged in a lot of transactions that could put their information at risk, and their personal and business finances are often intebusiness finances are often intertwined.

Small businesses that account for their owners» personal incomes would see their top tax rate go from 39.6 percent to the proposed corporate tax rate of 15 percent.

Chief among the cost considerations for New Haven and Fairfield business owners is personal and employee cost of living.

WordPress is more commonly known for its blogging and personal website interface, yet small business owners could profit greatly from developing an understanding of this platform.

Let's also assume that you've concluded it would be advantageous to operate your small business through an entity that limits the personal liability of all the owners — even if following this strategy involves a bit more paperwork, complexity, and possible expense.

«A lot of business owners think that they have to do it all, [but] there's a lot of stress that goes along with that level of control, power and decision - making,» says Schembri, who argues power - hungry entrepreneurs can benefit from a personal trainer.

The current owner, who works at this business full - time, is disembarking for personal reasons, but her crew of four part - timers and three independent contractors aren't likely to jump ship.

Leslie Jacobs is the owner of Les Is More, a personal organizing business based in New Britain, Connecticut.

Often, small - business owners don't consider how their company can affect their personal credit rating, says Bill Collier, author of How to Succeed as a Small Business Owner... and Still Have a Life (Porchester Pressbusiness owners don't consider how their company can affect their personal credit rating, says Bill Collier, author of How to Succeed as a Small Business Owner... and Still Have a Life (Porchester PressBusiness Owner... and Still Have a Life (Porchester Press, 2006).

Personal disability insurance: It makes sense for business owners to purchase the maximum coverage — usually 60 % of salary.

The owner is selling the business for personal reasons, but his staff of about a dozen, including two marketing professionals, may be willing to sign on with the next owner.

Although many CEOs have personal assistants to help them stay on top of their responsibilities, many small business owners and entrepreneurs don't have that kind of financial freedom.

Some small - business owners gravitate toward personal investments in companies in their same industry, says J. Jeffrey Lambert, a Sacramento, Calif., financial planner and co-author of Ultimate Guide to Personal Finance for Entrepreneurs (Entrepreneur Prespersonal investments in companies in their same industry, says J. Jeffrey Lambert, a Sacramento, Calif., financial planner and co-author of Ultimate Guide to Personal Finance for Entrepreneurs (Entrepreneur PresPersonal Finance for Entrepreneurs (Entrepreneur Press 2007).

This is one of the areas that scares business owners the most - the kind of committment that Ramon shows to having a highly personal, highly communicative relationship with his customers.

Known as the limited - liability company (LLC), this structure offers the best of all corporate worlds for many new businesses: personal - asset protection (normally available only to shareholders of C corporations), elimination of corporate - level taxes (a benefit normally reserved for partners or S - corporation owners), and flexible ownership rules (which S corporations in particular lack).

If you're a small business owner, you have one more piece of information to consider on top of your three different personal credit scores.

Levi King is the co-founder and CEO of Nav, the only site giving business owners to their personal and business credit scores, along with streamlined access to financing options.

For example, a healthy restaurant might get turned down for a loan if the business owner has a personal credit score of 600 and doesn't have a track record of several years in business.

The company's proprietary platform looks deeper into the health of small businesses, focusing on the overall business performance, rather than the owner's personal credit history.

(New York, NY) March 24, 2010 — On Deck Capital (www.ondeck.com), a leading provider of small business financing solutions, announced today announced today that over $ 50 million of loans have now been made to more than 2,000 Main Street small businesses using its proprietary performance lending system which evaluates businesses based on electronic performance data rather than relying solely on the business owner's personal credit score.

MCA providers typically give more weight to the underlying performance of a business than the owner's personal credit scores.

The company's proprietary credit models look deeper into the health of businesses, focusing on overall business performance, rather than the owner's personal credit history.

Assets in a sole proprietorship exist in the name of the owner and separating assets from business and personal use can be difficult.

It is also important to note that liabilities, such as outstanding bank loans, guarantees, lease agreements and payments to suppliers are usually not insured, leaving the personal assets of business owners pledged against these liabilities, and potentially leaving family members in financial distress.

While a traditional bank loan often requires specific collateral before they will lend to a small business and may rely heavily on the personal credit of the business owner, OnDeck offers fast small business loans from $ 5,000 to $ 500,000 with a general lien on business assets during the loan term and a personal guarantee.

It would also offer a new low tax rate for owners of «pass - through» businesses like LLCs and partnerships, whose income from their businesses is taxed as personal income.

Many business credit cards report your transaction history to the business credit bureaus instead of the personal credit bureaus, which is important for business owners interested in building their business credit and protecting their personal credit.