Tips for Getting a Small Business Loan

Here are 8 tips for getting a small business loan: Put yourself in the lender’s shoes. Lenders want to see that you have good credit quality, good cash flow, a good understanding of your financial situation, are willing to use collateral such as your house, and...

The Dangers of Commingling Funds

When we first meet with new clients, inevitably one of the first topics discussed is that of commingling their funds. What exactly is commingling of funds? When the business owner uses their personal checking account to not only pay for business expenses, but also to...

Employee vs. Contractor

Business owners cannot do everything by themselves and eventually need to bring in some help. The question we then get asked the most is whether they should pay this person as an employee or a contractor. Business owners try just picking, which of course leads to...