Alaska Small Business Development Center
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Legal Aspects: Buying & Selling a Business
...will typically get financing to pay the purchase price. The buyer will need to pay himself or herself a salary and have enough left over from the profit to make monthly payments on the loan. Whatever loan those monthly loan payments can support is the most a buyer can ...
Small Business FAQs
...hosen 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 licenses to open my business? Contact the municipality where your business will be. For example, if it is in Anchorage, go to ...
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 ...
Empowering Small Businesses: Alaska SBDC’s Guide to Robust Web Integration
...safeguard their reputation. Protect Yourself from Online Scams – No-cost Basics of Cybersecurity Phishing Training – No-cost Secure Technology Strategy for Small Businesses Enhancing Online Distribution and Delivery Services The Alaska SBDC understands the importance of efficient online distribution...
Seward CARES Act Funds Relief Program
...tion. Submit applications to manager@cityofseward.net Seward Area Non-Profits can apply under the Seward City Council authorized program which also opens Monday, July 27, 2020. Questions on this program can be directed to the City Manager at (907) 224-4047 or manager@cityofseward.net. The City would...
Choosing A NAICS code
...n. First thing I recommend is to go here: https://www.census.gov/eos/www/naics/ . This link will direct you to the US Census Bureau’s NAICS search engine. Here you can simply enter what you are doing and choose from what comes up. You will want to look through the list of codes ...
Free Tax Information using Bidawiz
...he $40,000 fair market value and the $20,000 sale price to your son. You have a taxable 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 ...
Choosing a NAICS Code for Your Small Business
...license. How do I find my LOB/LOW? Go to https://www.census.gov/eos/www/naics/. This link will direct you to the US Census Bureau’s NAICS search engine. Enter the type of business you are doing and choose from the list that comes up. You will want to look through the list of NAICS ...
U.S. Small Business Administration Announces First-Ever Season of Small Business Campaign
...bout the SBA’s Season of Small Business campaign, visit www.sba.gov/SeasonOfSmallBusiness. To learn more about the SBA’s loan programs, financial assistance, and other services, visit www.sba.gov. ### About the U.S. Small Business Administration The U.S. Small Business Administration makes the Am...
BuyAlaska is Back!
...tate. It has never been more important to support buy-local efforts and to make it easy for Alaskans to find and purchase 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...
Are You Forgetting Something? End of Year Tips and To Dos
...our business owe in taxes based on your estimated net profit for the year. Most importantly, the business owner and CPA can use this year end estimate of net profit to do some tax planning and determine if it is beneficial for the business to purchase equipment or make ...
The Top 10 Financial Ratios for Business Owners
...nchmark is 30-34%, while banking is 7.7-8.3%. Debt-to-Equity Ratio: This solvency ratio measures the amount of debt a company uses to finance its assets. A ratio of 1.0 indicates the firm uses the same amount of debt as equity, meaning creditors have claim to all assets, leaving nothing for ...