Commercial finance companies, such as a factoring company are required to do an OFAC search on all new borrowers. As you are already aware, any transfer of funds over $10,000 is tracked by the U.S. Treasury in their efforts to stop nefarious activity. For us, it is a formality as we have yet to uncover [...]

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Most people are familiar with the concept of Joint Ventures (JVs); however there are many companies who might enjoy success by becoming part of a joint venture, but are not aware of the particulars and benefits. JVs consist of two or more parties who team up in order to create a new entity for the [...]

At the Art Of Factoring we not only discuss how a factoring company helps small businesses, there is also plenty of information regarding securing various forms of capital to help you grow your company. Glen Hellman helps exceptional entrepreneurs figure out what to do and gets them to do it. He’s an angel investor, serial [...]

The Internal Revenue Service has been ramping up enforcement of tax compliance. Previously I have posted about mis-catagorization of employees vs. contractors. It is important as a small business owner to know the rules and guidelines to avoid hefty fines and penalties. IRS agents are starting to request client backup files from small business accounting [...]

My friend Mike Selfridge at Silicon Valley Bank has this great post in CFO Magazine: The CFOs I know don’t typically think of themselves as bankers, but a walk in wingtips would serve them well. Paramount to a bank’s success is the chief credit officer, responsible for the institution’s credit portfolio, lending practices, and overall [...]

This from a recent online Forbes article by Stephen Dunn; Many a cash-strapped company fails to deposit its payroll taxes. Unlike other creditors, Federal and state taxing authorities are not at the company’s door demanding their money. The company resolves to pay the tax deficiencies later, when cash is available. Yet that day never arrives, [...]

On September 14, the Director of OMB Jacob Lew issued a formal memorandum to all Government agencies to speed up the payments to their vendors. This measure, as part of the Prompt Payment Act (PPA) is helpful even though it appears on the surface to be targeted toward helping the struggling economy. Once inserted into [...]

Back in the so called “go-go” days of the 1990’s, we had a technology leader here in the Washington D.C. region who helped to instigate a tremendous amount of activity among all the new and old businesses vying for their shot at the brass ring. We used to gather at 7:30 in the morning to [...]

Here is a nice plug for our buddies at Sisarina, a web marketing company focusing on branding, marketing & websites for small businesses and non-profits. They have a mission to rid the world of badly designed and dysfunctional websites, terrible marketing materials and homemade logos and make the interwebs a safer place for their clients. [...]

Roger Ehrenberg is the founder and Managing Partner of IA Ventures and he recently wrote this article about how to fund a start up. Bootstrapping. Friends & Family members (F&F). Angels. Venture investors (VC). These are each viable – and even appropriate – ways of financing your start-up. The question is: which is right for you? [...]

Once a serial entrepreneur, always one – Kirill Sheynkman has a blog Passionate Intensity where he is writing a series about getting through the Venture Capital process. It’s a chain of blog posts that illuminates both the view of the investors and what should be expected from the entrepreneur. The first installment is called “Getting [...]