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Could I Owe Taxes for Selling Used Business Equipment?

Before you sell any used equipment, make sure you’re ready for the tax impact. Here are the taxes you could owe from the sale of business assets.

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How to Get Financing for a Food Truck

Food trucks have become a popular and affordable way to break into the food industry. Although cheaper than opening a restaurant, the initial costs of the truck, cooking equipment, and permits can all add up. Financing these costs can ease this pain with benefits like lower upfront costs, better cash flow, and potential tax deductions.… Read more »

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What Is Revolving Utilization?

What is revolving utilization? Here’s a look at this important part of your credit score, including the best ways to improve yours.

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How Long Does It Take To Build Business Credit?

Building business credit is crucial for small businesses as it enhances their ability to secure financing opportunities and improves financial stability. A strong credit profile can lead to better interest rates, higher credit limits, and more favorable terms from lenders and suppliers. This financial flexibility supports business growth and operational stability. However, business owners often… Read more »

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How to Finance Heavy Equipment for Small Businesses

As a small business owner, your dream of expanding, innovating, and running your operations efficiently lies in one critical factor: acquiring the right equipment. Whether you’re a startup or an established company, acquiring heavy machinery, up-to-date technology, or specialized tools is essential. How Does Heavy Equipment Financing Work? When you need to acquire equipment for… Read more »

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What Is Revolving Utilization?

What is revolving utilization? Here’s a look at this important part of your credit score, including the best ways to improve yours.

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10 Grants for Women-Owned Small Businesses

Imagine getting the money your business needs with no strings attached. Grants are funds provided by governments or organizations. Unlike loans, grants don’t come with the expectation of being paid back. Grants can offer much more than just free money – they offer mentorship, education, and a meaningful stride toward dismantling gender inequality in entrepreneurship.… Read more »

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How to Write A Business Plan for A Small Business

Writing a business plan is important in guiding small businesses toward success. Research indicates that entrepreneurs who create formal business plans are 16% more likely to achieve viability than their counterparts who don’t. It’s a common myth that business plans are only for startups. In reality, these plans are also valuable for established businesses, aiding… Read more »

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Could I Owe Taxes for Selling Used Business Equipment?

Before you sell any used equipment, make sure you’re ready for the tax impact. Here are the taxes you could owe from the sale of business assets.

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C Corp vs S Corp: Which Is Right for Your Business?

When you’re incorporating, choosing the right entity matters. Here’s how you can settle the C corporation vs S corporation debate.

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