How to start a tutoring business? -

I m a college student looking to start a tutoring business for college level students. I was wondering how do i go about this. I have my rates in mind but i m not sure if there is any legal stuff i need to do. Do i need to claim self-employed to the IRS. Will i need to have liability insurance? Will i get in trouble for tutoring without a education diploma?

Check with your state and local authorities to see what is required. You can usually find the info on your states website. If you are tutoring on your own and not through someplace like Sylvan then yes, you are self employed. Any income should be reported to the IRS. You would have to file a Schedule C on your income tax returns. You also have to keep track of any expenses you incur as a part of the business.

Business Partnership divisions....? -

If I ve agreed to becoming a partner in a business, and my partner has the money to invest but I m investing my equipment and time.. are his investments more important than mine because it s dollars instead of hours?

I would have to say yes, but not buy much cause there is allot that you could do with money. but it s like having something that you need cause it wouldn t really work without the other. so i would have to you are both important in this situation. it like having rims without the tires or having tires without the rims. if you leave on of the two out thin they both become worthless.

Sometimes , unfortunately the person with money has the power of the partnership , but.. you are getting in with your equipment so , that may help the business be 50-50 . if not he will have more power than you , but everything can be solved if you talk before you do anything . Is better talk about any situation in the beginning than latter

Hi sir i want to start a contest for best collection? -

Super!!

What strategies should the gift shop implement to ensure proper accounting for cash receipts from online sales? -

A small gift shop has just launched a new Web site where customers can purchase products. The Web site��s e-commerce software systems automatically generate daily sales reports and forward the reports to the gift shop��s accountant. The gift shop uses an online e-cash processing company, which deposits cash receipts to the gift shop��s bank account automatically. What strategies should the gift shop implement to ensure proper accounting for cash receipts generate from online sales?

Make sure you reconcile the cash deposits with the e-commerce software report.