Without knowing where in the world you are it's hard to name any specific institutions but here are some things I've learned over the years: 1. Don't do business banking virtually. By having a relationship with my local bank officer I was allowed to go over my line of credit limit by $5,000 for 1...
Hi, if you are stateside, I recommend a great assurance and tax accounting firm, Elliott Davis. If you need to discuss how to structure your business - call the Greenville,SC office and speak to Charles Duke (this is his wheelhouse). I specialize in identifying new revenue within the categories y...
If you are conducting business then definitely open a business bank account for that. The primary reason is simply to have a separation of concerns. It's a huge hassle to have to have sort through a personal bank account to find all your business items when you need any kind of financial report...
1) Change bank 2) Stop doing money laundering or giving them suspicions of doing so by avoiding excessive cash deposits/withdrawals or having periods of large movement and then no movement (these are triggers) 3) Have a good relation with your banker 4) If they ask you for nature of your business...
I run a startup where I've approach a bank for financing Capex procurement. Typically, most banks offer loans to business account holders - with or without collateral. The rates of interest vary accordingly. If you want to plan how much financing to obtain, it is dependent on a) the capital re...
Find a place to store the food so nothing spoils. Contact local organizations around in your area that can help you bring in food donations. Let other food banks know of your operation. Set up a specific and time schedule that lets others know when they can receive from food you. Hold a food driv...
Access to credit depends on the country and the credit worthiness of the borrower. For a business account, they will want to see strong financials. The trick is to get to know the lenders that serve the country you account is located in. Then apply for loans that suit your needs. Of course there ...
Answers vary based on... Time/Budget/Will/Expertise you possess. Projects with $0 budget verses $10M budget have very different answers. Also, Time comes into effect, as money always has a time value. Say you have $1M LOC to draw on + you'd like the shortest path to a selling your company for...
You can fund your new Corporation bank account by depositing personal funds into that Corporation account for initial capital for the business. That investment can be classified as a loan to the Corporation or may be for issued stock shares of the Corporation (a needed conversation). I can help ...