Nonprofits need bank accounts to collect revenues used in moving the nonprofit's mission forward. A nonprofit is a corporation given "exempt organization" status by the Internal Revenue Service. Banks ...

A limited liability company is a flexible company structure that requires a certificate of organization to establish it as an entity. Owners, also called members, get member certificates that are ...

Successful companies set goals. Without them, they have no defined purpose and nothing to strive for; consequently, they stagnate and struggle for meaningful accomplishments. Goals are steppingstones ...

A century ago, letting businesses send packages through the mail was a revolutionary idea. Although Ben Franklin became America's first postmaster, the post office didn't let Americans or American ...

A consignment store is a kind of resale shop that acts as a seller's agent, rather than purchasing used goods. The seller gives the property, often clothing or furniture, to the consignment store to ...

A corporation files for bankruptcy when its debts and liabilities exceed its assets and it can no longer meet its financial obligations. The S corporation designation is for tax purposes, allowing ...

Rules that govern one company's purchase of another company are part of the U.S. Federal Tax Laws. The laws are so complex that most businesses use the assistance of a business tax lawyer to decipher ...

"Minority," as defined by federal statutes related to business, includes people who are African-American, Alaskan Native, American Indian, Asian-American, Hispanic and women. Minority-owned business ...

Small business owners spend a significant portion of their time attracting lenders and investors to bring in new capital. A business synopsis is a key part of any successful funding proposal. The ...

When you first enter or are in the business world, you must know how to dress appropriately for any given situation. What you wear for an interview or career fair is likely to differ from your ...

The Occupational Health and Safety Administration (OSHA) considers preventive maintenance a form of hazard control in the workplace that prevents injuries. OSHA regulations require employers to ...

Small-business owners are constantly faced with deciding how to finance the operations and growth of their businesses. Do they borrow more money or seek other outside investors? The decisions involve ...