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Goldman Sachs 10,000 Small Businesses Open House

Business Owners in Maryland! You are invited to attend our next Goldman Sachs 10,000 Small Businesses OpenHouse! Date:               Monday, September 10th, 2018 Time:               6pm to 7:30pm   Location:         At Morgan State University in the Earl Graves School of Business Auditorium    Please register for the...

What is a Business Plan? What should I include in it?

This document summarizes your firm, including your goals and earning objectives. It shows how a loan will be used and repaid. Financial statements (projections for a start-up business) are also included. Business plans are also developed when an existing firm plans a major change in operations. A business plan is a...

Maryland minimum wage goes up and new laws take effect

Associated Press/Baltimore Sun- http://www.baltimoresun.com/news/maryland/politics/bs-md-new-laws-take-effect-20180701-story.html July 1, 2018, 4:20 PM Maryland's minimum wage is going up. The new $10.10 an hour wage went into effect Sunday. It's the last of the phased-in increases that were set by Maryland lawmakers in 2014. The first increase from $7.25 to $8 took place in 2015. It...

SBA Loan Programs

SBA Loan Program         7(a) Loans-Max $5Million        *Must be a for-profit business & meet SBA size standards; show good character, credit, management, and ability to repay. Must be an eligible type of business.        *Prepayment penalty for loans with maturities of 15 years or more if prepaid during first...

Employee or a Contractor?,..Tips for Businesses Owners to Identify and Classify

A business may pay an independent contractor and an employee for the same or similar work, but there are important legal differences between the two.  For the employee, the company withholds income tax, Social Security, and Medicare from wages paid. For the independent contractor, the company does not withhold taxes. Employment and labor laws also do...

Prescription for Business

As March begins, what is your Prescription for Business? We would like to share with you some of the things business owners can be doing to improve their business… 1) At the beginning of each month, you should be reconciling your accounting system. For example, after all bills are paid...