Fundera

AUGUST 12, 2020

In order to form a limited liability company (LLC), you must file articles of organization with the state and pay a filing fee. The required information can vary, but the basic elements are details about your incorporators and board of directors, business contact information, the purpose of your LLC, and signatures.

Small Businesses 72

Small Businesses 72

RMAi Blog

JANUARY 13, 2023

The 2023-2024 Congressional Session promises to be busy – RMAI has a strong team in place to defend, protect and promote the accounts receivables management industry. RMAI will be advocating for amendments to this bill that would create a “right to cure” opportunity before suit can be filed. RMAI has a registered NY lobbyist. ].

Collector 130

Collector Law Firms Credit and Collections Debt Collections 130

Fundera

DECEMBER 3, 2018

Incorporating a business, either by establishing a corporation or a limited liability company (LLC), is a fairly straightforward process—as long as you’re organized and have all the documents you need in order. Business Name Reservation Form (Corps and LLCs). They officially establish your LLC in the state that you’re registering in.

Small Businesses 80

Small Businesses Transactions 80

Abrigo

MARCH 24, 2021

Want more BSA readiness articles sent to your inbox? Anti-Money Laundering Act of 2020 (AMLA) amends the Bank Secrecy Act. The AMLA significantly amends the Bank Secrecy Act for the first time in nearly two decades, and many believe reform is long overdue. Beneficial Ownership Registry: Requires certain U.S.

Credit Unions 78

Credit Unions Credit and Collections Transactions 78

Abrigo

FEBRUARY 2, 2020

Pressure continues for increased transparency and verification to fight money laundering and terror financing through shell companies. Anonymous shell companies are one of the most widely used methods for money laundering and hiding the proceeds of corruption around the globe. financial system. In fact, the U.S. economy if the U.S.

Transactions 78

Transactions 78

Abrigo

JANUARY 31, 2023

You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program." Takeaway 3 Education and training are the first steps to ensuring that your AML/CFT program is ready for these critical threats. and private companies, China targets smaller firms and home offices. So far, that is.

Cybersecurity 78

Cybersecurity Credit Unions Transactions 78

Abrigo

MAY 30, 2023

The final rule implements section 1071 of the Dodd-Frank Act by amending the Equal Credit Opportunity Act (ECOA), or Regulation B. The rule outlines that any company or organization engaged in lending activities is covered. Which lenders are counted as “covered financial institutions”? Talk to a specialist to learn more.

Credit Unions 78

Credit Unions Credit and Collections Transactions Small Businesses 78

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager.

Credit and Collections 78

Credit and Collections Credit Unions Credit Risk CECL 78

MNS Credit Management Group

OCTOBER 31, 2022

Always make the wise decision to consider your options for collecting your debt from debtors outside of court. Only phone and email are used for this form of contact. The following are a few of the new amendments that will aid in debt relief: The Techniques. Determine your legal options. Establish credibility.

Debt Collections 52

Debt Collections Credit and Collections Bankruptcy Default 52

FICO Blog

JANUARY 9, 2023

Managing UK customers to better outcomes under the FCA’s Consumer Duty will require a true platform for understanding and action. Crucially, the emphasis under the Consumer Duty is firmly on companies to continually prove they are consistently delivering good customer outcomes. FCA’s Consumer Duty Mandates Sharper Use of Technology.

Credit and Collections 52

Credit and Collections Debt Collections Credit Risk Transactions 52

Abrigo

JULY 20, 2021

Want other articles like this on SBA loan origination in your inbox? Takeaway 1 Offering SBA loan origination can expand your product offerings to win deals with prospects and existing customers or members. 83-163, as amended). 1 and Sept. said now is the time for lenders to “triage” their portfolios. “We

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Abrigo

JULY 20, 2021

Would you like others articles like this in your inbox? Takeaway 1 SBA lending can expand your product offerings to help win deals with prospects and existing business customers or members. B y marketing that your financial institution offers SBA loans, you provide additional products that expand opportunities to businesses.

Credit Unions 78

Credit Unions Credit Risk Credit and Collections Small Businesses 78

Fundera

NOVEMBER 27, 2018

Incorporating is a big step in your small business’s journey. Lenders, investors, vendors, and customers are more likely to take your business seriously when it’s organized as a corporation. on the end of your business’s name, you and other shareholders will enjoy tax advantages and liability protections.

Transactions 75

Transactions Small Businesses 75

Fundera

JANUARY 8, 2019

In order to form a limited liability company (LLC), you must file articles of organization with the state and pay a filing fee. The articles of organization, called a certificate of organization in some states, include basic information about the LLC, such as the company’s name, address, and registered agent.

Small Businesses 45

Small Businesses 45

Fundera

NOVEMBER 30, 2019

Businesses report the FUTA tax they pay using IRS Form 940. Small business owners have numerous tax obligations, and if your business has employees, your tax burden is even greater. ”, as well as wondering what your responsibilities are to fulfill this obligation. The FUTA tax rate for most businesses is 0.6%

Credit and Collections 75

Credit and Collections Small Businesses 75

Fundera

APRIL 14, 2020

Issuing 1099s to your vendors each year is an essential business accounting task. If you fail to do so—or fail to do so correctly—your business could be on the hook for hefty penalties. Fortunately, if you use QuickBooks Online to manage your accounting operations, this—like many other accounting tasks —will be incredibly simple.

Electronic Funds Transfer 52

Electronic Funds Transfer Deductions Default Small Businesses 52

Fundera

JUNE 19, 2019

If you want to reap the benefits of launching a small business in Georgia, you’ll need to decide what type of business entity structure your company should have. Limited liability company (LLC) is a popular structure among small business owners because it offers flexibility, tax advantages, and simpler requirements than a corporation.

Small Businesses 40

Small Businesses Deductions Default 40

Fundera

JULY 28, 2020

Not Using Your Accounting Software Properly. You record your income and your expenses, and what’s left is profit. Accurate accounting is critical to your business’s success. Without accurate accounting: You won’t have the information necessary to steer your business toward profitable growth.

Transactions 58

Transactions Credit and Collections Deductions Small Businesses 58

Fundera

NOVEMBER 2, 2018

Through government contracts for small businesses, your small business just might become one of those suppliers. If you sell to businesses or nonprofit organizations, there’s a good chance you could market your services to government agencies, as well. Why Seek Government Contracts for Small Businesses? It would be a game changer!

Small Businesses 75

Small Businesses Nonprofit Organizations 75

Fundera

MARCH 30, 2019

ISO 9001 certification indicates a business’s ability to consistently provide products or services in accordance with a documented quality management system. Maybe you’ve already started a business and are looking to take it to the next level, or maybe you’re looking to streamline your costs.

Small Businesses 57

Small Businesses 57

Fundera

JUNE 27, 2019

One way is to claim all the tax deductions your company is eligible for. Deductions reduce your taxable income and sometimes move you into a lower tax bracket, so you pay lower taxes overall. Tax credits directly decrease your tax bill, reducing what you owe to the IRS. Who Needs to Fill Out IRS Form 3800?

Deductions 40

Deductions Credit and Collections Small Businesses 40

Fundera

NOVEMBER 11, 2018

As a small business owner, you put your blood, sweat, and tears into your company. You’re working holidays, spending long nights away from your family, and constantly prioritizing your business over other commitments in your life. Is this negative PR going to hurt my bottom line? Step 1: Take a deep breath.

Small Businesses 81

Small Businesses 81

Fundera

DECEMBER 21, 2019

Come up with your business name. Determine your legal structure. Register your business. Understand your tax obligations. Organize your finances. However, the process of starting a business in Washington state will look slightly different depending on your business’s particular needs and circumstances.

Small Businesses 52

Small Businesses Credit Scoring 52

Fundera

OCTOBER 7, 2019

Directors and officers (D&O) insurance protects the personal assets of officers and directors if they are personally sued in connection with their roles at the company. The insurance also covers the company if it has to indemnify the director’s or officer’s defense costs. Do You Need Directors and Officers Liability Insurance?

Insurance Companies 40

Insurance Companies Law Firms Bankruptcy Small Businesses 40

Fundera

MAY 15, 2017

Particularly if you sell to businesses or nonprofit organizations, there’s a good chance you could market your services to government agencies as well. Let’s take a look at just a few of the reasons that your small business should actively pursue government contracting opportunities as part of your customer development strategy.

Small Businesses 75

Small Businesses Nonprofit Organizations 75

Fundera

MARCH 8, 2016

Applying for a loan can be pretty time-consuming: you have to collect all your financial records and documents, complete application forms, and make sure you have a convincing reason to take out a loan. In some cases, business owners might feel uncomfortable signing one of these forms. Why are these Forms Required?

Credit Scoring 74

Credit Scoring Credit and Collections Default Small Businesses 74

Fundera

APRIL 10, 2018

In some ways, freelancing is the dream: You get to choose clients and projects that excite you, create your own schedule, and get paid for doing exactly what you love. But without the safety net of an employer-sponsored salary, you’ll also need to be responsible for your own financial obligations—both personal and professional.

Deductions 71

Deductions Transactions Small Businesses 71

Fundera

MARCH 28, 2018

You probably know how important your credit score is when you’re applying for a small business loan. But with all of the surprising ways you can damage your credit, that number might come as a surprise when it pops up on your application. What Your Credit Score Is, and Why It Matters: A Quick Rundown.

Small Businesses 88

Small Businesses Credit Scoring Default Credit and Collections 88