The 7(a) Loan Program is the U.S. Small Business Administration's (SBA) primary vehicle for providing financial assistance to small businesses, offering a variety of loans to meet different business needs.
The 8(a) Program is an initiative by the Small Business Administration (SBA) aimed at assisting small and disadvantaged businesses to achieve growth and compete in the marketplace.
Bootstrapping is a method of starting and growing a business with minimal external assistance or funding. Entrepreneurs use personal savings, reinvest revenues, and meticulously manage resources to grow their ventures independently.
A Business Owners Policy (BOP) is an insurance package that combines multiple coverages needed by small businesses, including general liability, property insurance, and additional coverages.
An in-depth exploration of corner stores, their historical context, significance in communities, types, economic impact, and more.
Shared office environments used by individuals and small companies, providing flexible workspace options with a community-centric approach.
An in-depth guide to understanding home-based businesses, including definitions, types, examples, benefits, challenges, and historical context.
The HUBZone Program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities.
An in-depth look into independent businesses, their significance, types, historical context, and key considerations.
A deep dive into local businesses, their significance, operations, benefits, challenges, and their role in the local economy.
A comprehensive coverage of Micro Enterprise, exploring its definition, types, importance in the economy, challenges, and examples.
Microenterprises are extremely small businesses, typically employing fewer than ten people. They play a crucial role in local economies and often require minimal capital to start.
A comprehensive guide to understanding microloans: small, short-term loans designed to support small businesses and start-ups, typically under $50,000.
Neighborhood stores are small, independently-owned retail businesses that provide goods and services to local communities, fostering local engagement, economic growth, and community identity.
An overview of the UK’s Net Book Agreement, which allowed publishers to fix retail book prices, preserving small and specialized booksellers until its abandonment in 1995.
Explore the concept of pass-through taxation, a tax treatment where business profits directly pass through to the owner's personal tax return. Understand its definition, types, implications, examples, and more.
An in-depth look into S Corporations, their qualification criteria, operational structures, advantages, disadvantages, and comparisons with other business entities.
A retirement plan specifically designed for individuals who own and operate their businesses, offering various options to save for retirement.
A detailed examination of self-employed taxpayers, their tax obligations, National Insurance contributions, and key considerations.
The Self-Employment Individuals Retirement Act, commonly referred to as the Keogh Plan, is a significant provision in U.S. retirement law enabling self-employed individuals and small business owners to create tax-deferred retirement accounts.
A retirement plan aimed at small businesses and the self-employed, offering simpler administration than Keogh Plans.
SEP IRAs are retirement accounts that provide self-employed individuals and small business owners with a simplified method of contributing to their employees' retirement savings, featuring higher contribution limits compared to traditional IRAs.
A detailed overview of set-aside contracts, which are reserved exclusively for competition among certain groups like 8(a) firms or HUBZone businesses.
Comprehensive exploration of set-aside contracts, including their historical context, types, key events, and significance in fostering small business involvement in government procurement.
An in-depth exploration of Small and Medium Enterprises (SMEs), covering definitions, historical context, importance, and various applications across different regions.
The Small Firms Loan Guarantee (SFLG) was a UK government initiative designed to help small businesses access financing. This article explores its history, importance, mechanics, and eventual transition to the Enterprise Finance Guarantee (EFG) scheme.
Discover the nuances of small-scale industry, its definition, types, benefits, challenges, and real-world examples.
Businesses whose personnel numbers fall below certain limits.
A comprehensive overview of SMEs, including definitions, historical context, types, key events, explanations, models, importance, examples, and related terms.
An in-depth exploration of Small and Medium-sized Enterprises (SMEs), their importance, categories, key events, applications, and more.
Comprehensive insights into Sole Proprietorship, its types, history, key events, and importance in modern economies.
A sole proprietorship is a business structure where a single individual owns, manages, and is responsible for all aspects of the business.
An in-depth exploration of the Sole Trader business structure, its significance, historical context, key features, comparisons, and more.
A Solo 401(k) is a retirement plan designed specifically for self-employed individuals or small business owners with no employees.
An in-depth look at start-up loans, their historical context, types, key events, detailed explanations, and their importance in fostering new businesses.
A comprehensive guide to understanding the Active Corps of Executives (ACE), also known as SCORE, which provides mentoring and assistance to small businesses in the United States.
Comprehensive legislation that repeals the Foreign Sales Corporation/Extraterritorial Income regime, creates a new tax deduction for manufacturers, enhances small business expensing, and introduces numerous other changes affecting U.S. businesses and tax regulations.
A Businessowners Policy (BOP) offers combination property and business interruption insurance for SMEs, covering damages, destruction, and liabilities.
Comprehensive definition, examples, historical context, and related terms about Close Corporations, also known as Closely Held Corporations.
An arrangement in which creditors agree to accept partial payment in full settlement of their claims, commonly seen in small, unincorporated business failures.
An industry in which the production of goods takes place at the home of the producer rather than in a factory or other organized environment, often involving various kinds of handicrafts.
A lifestyle business is a small business that reflects the general lifestyle of the individual entrepreneur. These businesses are not high-growth enterprises; instead, their principal objective is to earn a sufficient income.
An overview of 'Mom and Pop Stores,' which are small retail establishments characterized by limited capital investment and often employ family members.
An individual who owns and operates his own business or equipment, commonly seen in industries like trucking.
Comprehensive guide to understanding the principal place of business test for home office deductions.
An in-depth look at proprietorship income, emphasizing the tax implications for income earned in businesses that are sole proprietorships, which are owned by a single individual and are not incorporated.
A comprehensive guide to S Corporations, a tax election that allows small businesses to pass income directly to shareholders, avoiding double taxation.
An in-depth look at SCORE Counselors to America's Small Business, a volunteer organization providing free management advice to small business owners, founded in 1964.
Section 1244 Stock offers unique tax treatment allowing investors to claim ordinary loss deductions on the disposition or worthlessness of the stock, up to $50,000 for individuals and $100,000 for joint filers.
A SEP-IRA (Simplified Employee Pension Plan) is a retirement savings plan that offers tax advantages for business owners and self-employed individuals.
The Service Corps of Retired Executives (SCORE), now known as SCORE, is a nonprofit organization dedicated to mentoring small business owners and entrepreneurs in the United States.
SIMPLE IRAs are a type of retirement plan that qualifying small employers with no more than 100 employees can offer to their employees. This plan allows self-employed individuals to contribute as well, facilitating tax-deferred retirement savings.
A Simplified Employee Pension Plan (SEP) is a retirement plan that provides business owners with a simplified method to contribute toward their employees’ retirement and their own retirement savings.
A comprehensive guide to small businesses, their roles in innovation, economic impact and growth, with an emphasis on their characteristics, definitions, and significance.
The Small Business Administration (SBA) provides support to entrepreneurs and small businesses in the United States through resources, loans, and expert guidance.
A Small Business Investment Company (SBIC) is an entity that provides financial support, advice, and capital to small businesses, operating under the Small Business Investment Act of 1958.
A comprehensive guide to understanding sole proprietorships, including definitions, advantages, disadvantages, examples, and legal considerations.
A deep dive into the concept of bootstrapping, strategies for implementation, and an analysis of the advantages and disadvantages for entrepreneurs.
A comprehensive guide exploring the definition of a franchisee, with examples, benefits, and responsibilities of owning a franchise.
An in-depth look at the JOBS Act, which simplifies SEC regulations for small businesses and fosters startup investments through crowdfunding.
Explore the meaning, significance, and examples of mom-and-pop establishments. Understand their role in the economy and the challenges they face against larger competitors.
A comprehensive guide to SEC Regulation D, covering its definition, requirements, advantages, historical context, and more. Learn how smaller companies can sell securities without registering with the SEC.
A comprehensive exploration of self-employment, covering its definition, various types, benefits, and key considerations for those pursuing this form of work.
An in-depth exploration of Small and Midsize Enterprises (SMEs), including their definitions, classifications, and types around the world.
An in-depth look at the Small Business Administration (SBA), its definition, core functions, and impact on the U.S. economy. Explore how the SBA supports small businesses.
Explore essential information on small-business grants, including types, eligibility, application processes, and tips for securing funding.
Explore the nature of a sole proprietorship, its benefits and drawbacks, and how it contrasts with a Limited Liability Company (LLC).
