Resources and Solutions to Small Business Needs and Problems
Resources and Solutions
One of the main problems for small and home business people is that they exist in a state of semi-isolation. They don't belong to a "group" and are not "big" enough or "rich" enough for many services to want to deal with them. It's an unfortunate fact of life that many service providers feel that there's just not enough money in it to help the "little guy".
Small and home business people need certain types of professional help, legal and tax assistance, for example, but they often can't afford it. They need health insurance for themselves and their families but they're too small of a "group" to qualify. They may need help mending their credit, but mainly they get solicited from the so-called "non-profit" companies who don't save them as much as they promise, and then charge a hefty fee on top of it. Insult to injury.
This section is meant to provide some resources and offer some solutions to many of these problems, while trying to keep the costs involved as reasonable as possible.
INCORPORATION & LLC FORMATION SERVICES
Are you still running your business as a sole proprietorship or as a partnership? While this may have been easy in terms of formation, you may be losing money in extra taxes and your personal assets are definitely at greater risk in case of financial trouble.
The problem, of course, is that it is expensive to incorporate or form an LLC. Your State itself usually charges between $100 and $200 (sometimes more, it varies by state). You can't avoid that fee, unfortunately. And then, how do you do it? Seems too hard to do it yourself. You might miss something important, something that will come back to bite you later.
So, you call your friendly, local attorney, Manny Mouthpiece, and he quotes you about $500 additional dollars for his service. You call around and find out he may be one of the cheapest. Whoa. Now you remember why you didn't do it in the first place. But meanwhile, you may be paying too much in taxes and your personal assets are still at risk.
The solution? Check out MyCorporation.com, probably the Internet's leading provider of incorporation, LLC formation and search services. They have helped literally tens of thousands of companies across the U.S. get their start. If you need to incorporate or form an LLC for your small or home business, click on their banner below and go directly to their site. They also have a "Learn more..." section in each of the categories, such as, Incorporate or Form an LLC where they discuss the advantages and disadvantages of each type of entity. Do some studying. It's an important decision. (Please note: when you are finished at the sites listed below, you must click your back arrow key to return to Accounting Courses Online.)
HEALTH AND OTHER INSURANCE PLANS
One of the things you often lose when you become self-employed is health insurance coverage. And when you start looking around to find the coverage, it is a shock to discover the cost of the plans. And that's if you can even find a company to cover you.
It is also hard to compare plans, since it often seems like you are comparing apples with oranges. Weighing deductibles, co-insurance, cost of office visits, prescription coverage or no prescription coverage all becomes part of the difficult analysis.
We've found a web site that includes a great selection of all the best plans that are currently available, with enough variation on them that you should be able to find one that fits your needs. You can also select among several and do a side by side comparison. And there is a toll-free phone number where you can talk to an advisor and have them help you figure out what would be best for you.
You can also get quotes on dental insurance, life insurance, travel insurance and long-term care plans. Click on the banner below to check out this great site.