Business Articles

Business growth happens when the business is growing, producing more income or product/service by receiving help internally like employees, shareholders, or even by outside factors that are not within the actual business like financial institutions, also dictated by social and market trends.

Businesses are registered, owned, and operated by one person, this means you can report your business income and costs on your personal tax return.
Employers must report to the IRS the FICA is deducted from all employees' payroll (FICA covers social security and Medicare)...

- Employee payroll
- Any donations
- Sales records
- Insurance values
- Office supplies and equipment receipts ...

A business line of credit works much like a regular consumer credit card, the borrower will provide you a credit limit, and you can start using it as you see fit. As you start paying down the outstanding balance, you’ll see the available credit amount.

TYPES
Secured lines of credit require Collateral.
Unsecured lines of credit will not force you to place a lien or collateral to ensure the loan.