Alaska Small Business Development Center

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Legal Aspects: Buying & Selling a Business

...l the business. It also allows the seller and the buyer to come up with a price for the business. Sale Price The sale price is the key item of the sale. If the buyer and the seller can’t agree on a price, then there will be no sale.

Small Business FAQs

...ully (see “What kind of business license should I buy”). However if you’ve already gone through the steps and are certain you’ve chosen the right type, you can obtain your license online by visiting the Alaska Division of Corporations and Professional Licensing. Do I need any additional permits or

The Top 10 Financial Ratios for Business Owners

...’s ability to convert sales into earnings for the company. It determines a company’s overall profitability and performance, taking into account profit and overhead expenses. A net profit margin of 10% indicates that for every dollar of revenue generated by the firm, $0.10 was created for shareholders...

Sea Fur Sewing

...ld who can harvest and produce it. By learning to price his fur at the right price point, Sea Fur Sewing honors both the customer and culture. The last two years have allowed Robert to provide his services as an independent contractor and provide fur – hand and machine

Is your goal to buy or sell a business?

...eller. This allows the seller to turn over to the buyers all financial documents in a confidential manner Obtain 3-5 years of financials from the seller This might include business tax returns and the ending balance sheet for each year, Profit & Loss Statement (P&L), Cash Flow Statement and

‘Buy Alaska’ makes the case for local resiliency, growth (KCAW)

...ed businesses is available here! And of course, learn more about BuyAlaska at www.buyalaska.com...

Contact Us

...al Programs & Strategy email | message Katie Nave BuyAlaska Program Manager email | message Harley Tennant Alaska SBDC Communications Manager email | message Tyler Arnold TREND Program & Alaska SSBCI Equity Director email | message Jay Halverson Alaska SSBCI Lending Program Director email | message A...

SBDC Now Has Access to Euromonitor.com!

...research through their membership of Euromonitor.com! Euromonitor International includes research and analysis reports for trends in 206 countries and 200+ categories which can help you evaluate your industry and determine the growth of your market. Learn more about how your Business Advisor can hel...

Mat-Su Landscaping and Lawn Maintenance, LLC

...the correct decision when it came to deciding to buy the shares of this company. She helped us foresee what we would be doing financial-wise and how we could best spend our money. We enjoyed having Julie as our advisor and we will never hesitate to reach out to

Alaska SBDC COVID-19 Update: Preparing for the SBA Economic Injury Disaster Loan (EIDL)

...hly recommended. Funds will be decided on a first-come, first-serve basis. Visit the Alaska SBDC COVID-19 Channel for recorded updates! Be Ready: What will you need to apply? Completed SBA loan application (SBA Form 5) (this is electronic/online in the portal) Completed and signed Tax Information Aut...

International Guests Visit the Kenai Peninsula SBDC

...ssia participating in the “Open World” delegation visited the Kenai Peninsula SBDC offices. The visitors shared that interest rates from banks in Irkutsk are over 30%. Speak with your advisor to learn how you can take advantage of historically low interest rates to either start, expand, or grow your...

Shopping Small for 2020 Holiday Season Needed More Than Ever

...his year to make sure gifts arrive in time. Allow extra time for in-person visits – if you opt to mask up and visit your local businesses to purchase gifts, plan for extra time as stores need to limit the number of guests inside. Order takeout – enjoy food

Free Tax Information using Bidawiz

...ble gain on the transfer of $10,000 ($20,000 sale price minus $10,000 adjusted basis) that must be reported as ordinary income from depreciation. You report $10,000 of your $30,000 depreciation as ordinary income on the transfer of the property, so the remaining $20,000 depreciation is carried over t...

Los Chanchitos

...his visit to Seward in 2021, Peter John Cavaretta used his entrepreneurial skills and determined spirit to quickly form a business model to fill a community need. “KellyAnn at the Alaska SBDC helped me put together a financial model with projections to prepare for a loan for my new

BuyAlaska is Back!

...hase from local vendors. The BuyAlaska webpage at BuyAlaska.com seeks to provide access to statewide small businesses and to educate consumers about the direct benefits of keeping our dollars in Alaska. The BuyAlaska group is made up of organizations and individuals from all over the state, and new m...

BuyAlaska

...ct the BuyAlaska team at 907-786-7201, at https://buyalaska.com/, or via email. You can also opt into the e-newsletter to be the first to know of the exciting things happening across the state! Contact BuyAlaska Program 1901 Bragaw Street, Room 199, Anchorage, AK 99508 Website: https://buyalaska.com/...

Tools to Help You Write Your Business Plan

...s to actually creating a business plan. The tools used to write a business plan just as the tools used to build a house have been significantly improved over th e years and you should be using the best tools. Taking advantage of the cloud, “Live Plan” has a

Unwrap the Spirit of Alaska: BuyAlaska Launches Holiday Gift Guide Showcasing Local Treasures

...ts that tell a story and support our great state. Visit the BuyAlaska Holiday Gift Guide at www.buyalaska.com/gifts and join us in celebrating the magic of Alaska! For media inquiries, please contact: Katie Nave Program Director BuyAlaska Program, Alaska Small Business Development Center Email About...

Port Chilkoot Distillery

...ort Seward Bakery, built in 1904, in which they housed the distillery. They also used the plan to obtain additional financing to cover the costs of the equipment. Now that they have three years of business under their belt, Shade and Copeland are working with Grant on expansion ideas

Alaska SBDC COVID-19 Update: Economic Injury Disaster Loan is Open for Alaska

...ceive the money within three (3) weeks on a first-come, first-serve basis. Incomplete information and verification of collateral will delay the approval process Are you ready to apply? Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at https://disaster...