Resource Category: Business

If you’re a small business owner, or are otherwise self-employed, chances are you’ve heard of an EIN (or employer identification number). You may not be clear, however, on exactly what an EIN is, whether you need one, or how to go about getting a free EIN if you do. There are four ways to apply for an employer identification number (EIN) for free: Complete the online application for an EIN, or Fill out form SS-4 and mail it to the… Read More

The U.S. government is the largest buyer in the world, with purchases amounting to about $500 billion dollars per year. So it can be lucrative to try to get government contracts to build your business. Government agencies are such a big customer of small businesses that some small businesses make their cash solely off of business from government contracts. Your business may be able to capitalize on this big small business customer, too. Here's your guide to understanding contracting opportunities with… Read More

If you’re looking to grow and sustain your business, opening a business checking account should be at the top of your to-do list. Having a business bank account that’s separate from your personal account allows you to more easily keep track of your money and process financial transactions. But finding the right bank account is crucial. Nav’s Business Banking Survey showed that 93% of business owners interact with their banking institution on a weekly basis, so choose a bank account… Read More

It's no secret that a main formula for measuring the health of your business is how much cash you have in the bank. More cash coming in--and less going out--is a shared goal for businesses everywhere.Banks and lenders view the health of your business in the same manner. When you apply for business financing, most lenders will ask to look at your bank statements from the last six months in addition to your profit and loss statement and financial projections.… Read More

Small business bankruptcy is serious, but it doesn’t necessarily mean the end for your business. It does present some tough decisions and a good amount of paperwork, however, so you need to know what you’re getting yourself into. Let’s take a look at a few questions you probably have about bankruptcy.  Even if you are familiar with consumer bankruptcy, realize that, as a small business owner, business bankruptcy law may be slightly different. You still have access to the same… Read More