Discussion question for small business management? -

it is possible for a company to be profitable, but still run out of cash. This has to do with accounting that is done on an accrual basis. Explain how this can occur; how can a company have a profit, but have no money?

In a business that sells mostly On account and carries their own receivables profits are taken when the sale is made -- not when the business gets paid.Since profit and loss are based on sales rather than collections, if collections are slow it is quite possible to be profitable and run out of cash.Hope this helpsJerry-the-bookkeeper

It happens. As small company need to pay first to get sales which means they need buy items for sale but in cash front without term . Bear with it, when getting better position, you may ask bankers help with a professional business plan. They will give you professional advise

I need some names for bounce house business? -

my mom had just started a bounce house biz she has every thing but a name

Sir Bounce a-lot, You also could answer the phone Hello , Sir bounce a-lot, House of bounce may I help you?

Bonkers

What are some good ways to get my babysitting business going? -

I already have made fliers, I just need to know where to hand them out? And also, some more ideas on what I can do to bring in some business. Thank you for your help!

I would highly recommend posting a local ad on craigslist.com to promote your babysitting business. Thousands of people are on that site everyday looking for babysitters and other opportunities as well. Post your flyers anywhere that has a community board (laundry mat, grocery store, library, restaurants) Market yourself and also ask your friends if they know of anyone who needs a baby sitter. Word of mouth brings in business especially if someone speaks highly of you :)

Fliers are a good, inexpensive approach, Kristen. I have done very well in several part-time ventures using fliers posted as Carla E suggests. Her Craigslist suggestion is also a good one.In addition to those approaches and word of mouth, I d suggest you also check out places where parents with young children gather. For example, some churches provide babysitting during their services. This would be a great way to promote your service and make a few dollars to start. In addition, your potential clients will get to know you and think of you when they need a babysitter outside of church.Another example is resorts. We live in a vacation area and some resorts here offer babysitting services to their guests. Our daughter worked at one of the resorts as a waitress and did babysitting between her waitressing shifts. Not only did she get paid well for babysitting, the tips she made were excellent!The point is observe where the needs are and don t rely on just one method to promote and begin your business.Good luck and I d be happy to hear how you make out.

Kristen, Be expensive that way you ll get work that pays well,if you are cheap you will get lot s of work and you ll make no money,so my advice to you is to be expensive and let it be known that you are expensive,do not sell your services cheap be the best at what you do.

Can artists create contracts restricting resale of their work? -

What I mean is can they create agreements that their works cannot be resold, for example an oil paintings artist. Could he create an agreement restricting resale until after his death to allow him to control pricing while he is alive?

The transfer of ownership from one person to another an original work of art can not be restricted. The artist can and does own the copyright of all the works of art they create unless they waive it. So while a person can resell a work of art or enjoy it themselves they can not use it for any other purpose. BUT I suppose that if someone was willing to agree to such a silly thing in writing when spending money, they deserve to stuck with it.

oklets see heresay you sell a painting for a billon dollarsbut the buyer sells it for 4 billion.what???BOO WOOId get it in writing you((he)) got 4 billion for for one of your paintingsput that in your contractor you could put a GPS chip inside the painting??and track its movements around the world..lol

In Canada it is the copyright act that an artist can use to stipulate how, when, where, why and how their intellectual property will be used.

Can i use learning licence as idetity proof to open a bank account? -

Most of the banks will not except learning licence as a proof of identity.

Why does my employer want me to incorporate and become an independent contractor? -

I work for a company as a service representative. They pay me a salary, a set amount for expenses and commission on the accounts I service. They used to just pay me directly but now they are demanding I incorporate. They said they will pay the fees.Anyone know why they would want me to do it? Will this help or hurt me when it comes to taxes?

This is BS.They want you to incorporate so they can claim they are outsourcing the work to a corporation and then just write you a check. They want all risks, burderns, taxes, etc. to be your problem. They most certainly won t be paying you enough to do this. Besides, an employee is NOT a contractor. You, in turn, would then have to track all income, all expenses and issue yourself a W-2. See IRS pub 1779 and form ss-8.

For every dollar paid for payroll, roughly 30 or 40 cents more is paid by the employer towards tax s (Social Security), benefits and time off.If you are a contractor, then they pay exactly your invoice. You get stuck with the extra tax s and if you want time off, no one is going to pay you. Insurance is now going to be paid by you $$$Life is a little more uncertain as a contractor. Your clients can say, nothing today , and your stuck with no work for the day.If your a contractor, you need a billing rate to cover all of the above. So will your current employer agree to that? When I do the math, I need about double the hourly wage, to make up for the uncertainty and the extra tax s, etc..

It helps them avoid all the appropriate taxes such as workers comp, social security, medicare, unemployment premiums, etc. As an independent contractor, you will be expected to pick up the employer portion of SS/Medicare, won t qualify for unemployment, etc. Unless they are offering you a 25% increase in salary and payment of all fees, this is not in your benefit - especially if they are providing health insurance and other benefits.

This is for them not you. You have to pay all the employers contribution to taxes and since you are not an employee, no benefits like vac. pay, medical dental They want you to do it likely so they can stay afloat.

Must you be a certain age to sell something over the internet? -

Must you be 18 to sell something over the internet? I want to have an online shop where I sell stationary, and I m curious to see if it s legal? If not, can I put my parent s name and have my parent as a partner or something in order for my shop to be legal?

No age requirement