Buy custom Survival Tips For Small Businesses
Essay's paper info
| Topic: |
Business
|
| Number of pages / Number of words: |
6 / 1454 |
Essay's paper body
The 1244 status encourages investors to put
equity capital into your business because in the event of a
loss, amounts up to the entire sum of the investment can be
written off in the current year. Without the "1244"
classification, any losses would have to be spread over
several years, and this, of course, would greatly lessen the
attractiveness of your company's stock...
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Any business
owner who has not filed the 1244 corporation has in effect
cut himself off from 90 percent of his prospective investors.
Particularly when sales are down, you must be
"hard-nosed" with people trying to sell you luxuries for your
business. When business is booming, you undoubtedly will
allow sales people to show you new models of equipment
or a new line of supplies; but when your business is down,
skip the entertaining frills and concentrate on the basics...
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