Up and Running
AUGUST 29, 2014
Many people who want to start a business believe they will be able to get grants or loans to help them finance the venture. Do I need to hire a Certified Public Accountant (CPA) for my small business? As a licensed professional, a CPA has to adhere to a code of professional ethics. If not, the business idea is not feasible.
YoungUpstarts
MAY 5, 2016
by Tim Steffen , CPA/PFS, CFP ® , CPWA ® , Director of Financial Planning for Baird. Yet too many people put their personal finances at risk to launch a business, but I believe it can be done without sabotaging your financial future. Don’t rely on credit cards if you need to finance the business. Don’t forego insurance.
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Up and Running
APRIL 2, 2015
I was really disappointed when I needed my company’s first commercial bank loan to finance receivables of more than $1 million—from well-known distributors no less—and we ended up having to sign a lien on our family home to get the loan. See Also The Complete Guide to SBA Loans. CPAs get sued over bad audits. Collateral.
The Startup Magazine
JANUARY 11, 2022
If you’re not up to the financial aspects of writing a formal plan, hire professional help from a CPA (certified public accountant) who specializes in creating two-year financial plans for new companies. Later, you can use the plan to obtain bank loans, measure results against proposed benchmarks, and adjust profit goals.
Up and Running
JUNE 2, 2011
There comes a time when every business must secure financing to cover their growing needs. Unfortunately the world of finance can be a bit tricky, especially when it comes to business loans. The SBA considers additional character points when reviewing a loan request: criminal background, citizenship and legal status within the US.
Up and Running
APRIL 18, 2012
I posted 5 Things Every Manager Should Know About Financial Forecasts recently on the Industry Word blog on the SBA (Small Business Administration) community site. 2. Forecasts don’t take an MBA, CPA, or PhD. I received an email overnight that reminds me that people still need a lot of reassurance about financials.
Up and Running
MAY 1, 2018
I did my research, prepared my business plan, and sent it to several financial companies for financing. I got an SBA loan and purchased my business within months of beginning my search. Have a bookkeeper and a CPA. Use an accounting software application so that you can provide your CPA with your financials as often as needed.
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