How to get inventory when you're low on cash
For retailers that don't want the overhead of stockpiling merchandise, drop shipping can be a cost-saving option. Mike, Queens, NY I started a home-based wholesaling business six months ago and got...
View ArticleMy landlord wants rent on a broken lease!
Sorry, it's legal, and you may even have to pay more than just the rent. Richard Barker, Aprizona Florist, Covington, Ga. Our business went south, and as a result we had to break our lease. Less than...
View ArticleBusiness triage: Kill what's ailing
Some sales aren't worth winning. If parts of your company are successful and others aren't, it's time to purge. Sharron Stankiewicz, Ohio I own three hearing aid businesses, all listed under the same...
View ArticleWhat to pay the boss's bosses
How much should you pay your company directors? First, take a hard look at what skills they'll need to guide your business. Paul Dzera, MGBD, New York City What would you recommend for determining...
View ArticleReady to sell? How to price your business
Your true net profit is the number that potential buyers will want to know. Susie Pemberton, Centralia, Mo. I live in a small town and own a child care facility. My gross income in 2008 was $126,134....
View ArticleTax tangle: Medical deductions for LLC owners
Business owners can write off many of their health care costs, but complying with IRS rules requires some planning. Jonathan Cottor, Scottsdale, Ariz. I have an LLC, and I'm seeking some advice about...
View ArticleAll work and no pay
Handling the client that wants the goods but doesn't want to cough up a check. Susan Lewis, Lancaster, Calif. Can we legally hold a client's paperwork if they haven't paid their bill? We do their...
View ArticleWhen customers abandon their property
A dry cleaner considers turning customers' absentmindedness into a tidy tax break. Taylor, Jackson, Miss. I own a dry cleaning business and was wondering what to do with all the forgotten or...
View ArticleHow to cut the tax bill on your self-employment salary
If you own your own company, you can skip a salary in favor of distributions, but the IRS still wants its share of the money you take home. Erin, Kailua-Kona Do shareholders have to take a salary in an...
View ArticleThe company is bust - but corporate card bills live on
When a company goes under, employees can be stuck with the liability for their corporate credit cards. Becky, Birmingham, Ala. My company, an LLC, is insolvent and dissolving. No formal bankruptcy will...
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