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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...
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My 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...
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Business 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...
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What 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...
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Ready 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....
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Tax 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...
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All 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...
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When 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...
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How 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...
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The 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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