knowledge

If you have a good history of on-time payments with vendors not on your credit report, consider asking them for a trade reference. The only way to manually add a trade reference is to use D&B’s Credit Builder.

There are many steps to starting a business.  It is important to start on a firm foundation. Then, when the twists and turns come, you can be safely secured in your seat.  That means ensuring you have a name and EIN, and all the licenses and registrations necessary at each level of government. Also, make sure that you are legally incorporated.  

New Mexico has a per capita GDP about $7,000 below the national average.

The Keystone State has 0.18% of its adults opening new companies in a given month.  The state also scores low for opportunity share of new business owners. This is as compared to the rest of the country. These issues give the state one of the worst startup activity scores listed.

The “Invest Maryland” program is a tax credit program meant to fuel investment by offering insurance companies the chance to advance pay taxes at a discounted rate. This is in exchange for an investment in the program.

A minimum of 50% of these investments goes to the Maryland Venture Fund, for the purpose of supplying capital to businesses to create jobs and advance innovation.

LLC members get protection from personal liability for the LLC’s business decisions or actions. If the LLC incurs debt or is sued, member personal assets are often exempt. LLCs don’t pay the double taxation of standard corporations, and if they ‘pass through’ profits to member tax returns, LLC owners may be able to deduct 20% of their business income with the 20% pass-through deduction established under the Tax Cuts and Jobs Act of 2017.

There are more than 100 startup companies per 1,000 firms in Nevada. The state also has the highest percentage of available employees in the country.

Raising your FICO consumer credit score is a good goal to have. But it is not an end goal unto itself. A better goal, and a more sustainable and helpful one in the long run, is to manage your credit responsibly.

The Department of Justice is currently hiring trial attorneys to prosecute loan fraud cases. But there are more reasons why the Paycheck Protection Program may have burned through its funds more quickly than its expected end date of May 31st.