Knowing how small business finances work is vital for small business owners. If you fail to file taxes, you will not only lose money, but could also face criminal charges. If you are not familiar with the basics, then read on for some helpful information. An employer identification number, or EIN, is like a social security number for your business. You’ll need this number to file taxes and avoid being penalized by the IRS. To get an EIN, you must contact your state’s Department of Revenue (State) and register for an employer identification number (SSN) and apply for a tax ID number.
Equity financing is one of the most common ways to finance a small business. The investor makes available money in exchange for a stake in the company. The investor may become a shareholder or a silent partner. In either case, they will receive dividends from the company and eventually hope to sell the stake for a profit. However, many business owners don’t understand how equity financing works. Here’s an overview. Ensure that your business has enough capital to cover its expenses.
Understanding your cashflow is key to the success of your small business. Cash flow is the difference between your income and your expenses over a specific time period. In other words, cash goes in as income, and cash goes out as expenses. In most cases, this cash is available for purchases and operations. However, if your company has an unexpected expense, negative cashflow can result. Fortunately, this can be remedied with a bank overdraft or a short-term loan. Even small businesses should not be put in serious financial straits, and should be aware of their cash flow.
List of the Top Small Business Finance Blogs on the Internet Today
When looking for any type of specific information or resources online, there is simply way too much out there and it’s easy to get overwhelmed in the process. In order to help you find exactly what you are looking for, we’ve listed some of the best small business finance blogs, websites and hashtags below.
Top Blogs and Trending Hashtags
In addition to the list of hand selected websites and blogs listed below, we also recommend view the latest trending hashtags on social media to find new sites.
Small Business Finance Hashtags on Social Media
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