Small Business Questions and Answers

Do I obligation a import tax I.D. to provide moniker brand clothing?

I want to open up a website and vend name brand clothing, do I necessitate a tax I.D. and can I take it at my local tax shop? Also how much does it cost and do I have need of to take a exam or qualify to get one? Thanks for any serve!


Answers: Are you in the US?
If so, yes, you inevitability a tax ID..you apply for one locally when you incorporate your business..(Go to your state's website, in that should be plenty of info for you there)...
No..you don't have to embezzle a "test"...but it will cost $$ to get one..
Yes...and you'll obligation a business license to sell the clothing.and you'll requirement permission from the brands to resell their items.and you'll inevitability to report any income on your taxes.

I want to open my demat a/c so could any plz tell me the procedure and reqiurements for opening it?




Answers: 1. GO TO IT DEPARTMENT AND ISSUE A PAN CARD.IT'S CUMPULASARY TO HAVE PAN BEFORE DEMAT
2.GO TO NEAREST BROKER OR BANK WHICH PROVIDE SERVICE OF DEMATE TAKE FORM AND SUBMITE.
3. ABOUT DOCUMENT UR ID PROOF AND RESIDENSIAL ADDRESS PROOF IS NEEDED. IN BOTH.
4.U HAVE TO GO!
Just check with your bankers, whether they operate the demat accounts and if not approach the bank which does!

They will tell you all the procedure for opening the account and also can buy and sell your shares under your instructions, everything on line!

I obligation abet finding information on grant for minorities starting a business?

I am looking to open a comfort home for the elderly and wanted to knwo if here were any grant out there that would assist contained by the pocess. And grants for minorities who want to start a business


Answers: It is intricate to find grants to start a business -- even for minorities. Unlike the myths that some see, federal government and even private foundations scarcely give compromise money for starting a for-profit business.

Here is what the Minority Business Development Agency has to voice about grant http://www.mbda.gov/?section_id=3

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Grants available are limited and across the world for research projects—biotech or high tech.
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Grants are not given to elderly home exactness. You stand a greater chance of getting a admit if your company is involved in developing or exporting agricultural commodities, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs http://www.sba.gov/aboutsba/sbaprograms/... , which fund the research and development of scientific innovation that meets specific administration needs.

Your best bet in fact will be from the states if they offer compromise programs for women (or any other special interest groups -- minorities, women, disabled, veterans, etc). Or check with non profit organization, particularly women organization if they offer grant. Examples include

Iowa Women's Foundation http://www.iawf.org/
New Mexico Women's Foundation http://www.nmwf.org/guidelines.html

Even SBA does NOT give out grant. From the SBA website http://www.sba.gov/mostrequesteditems/CO...

"The U.S. Small Business Administration does not offer grant to start or expand small businesses, although it does offer a cavernous variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does grant some grant programs, these are commonly designed to expand and enhance organizations that provide small business guidance, technical, or financial assistance. These grant generally support non-profit organization, intermediary lending institutions, and state and local government."

Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov - these are two sites created by the federal policy to provide transparency and information on grants. Browse through the listings and see if you can find any compromise that would support a for-profit venture.

Here is a list of federal grants for small businesses. See if here is any available for individuals for starting a business -- THERE'S NONE.
http://12.46.245.173/pls/portal30/CATALO...

Most of the federal grants are given to specific target groups near specific requirements (e.g. minority business owners involved in transportation related contracts emanate from DOT - Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program

Grants are also often given to non profit groups or organization involved in training or other similar undertakings (grant 59.043 Women's Business Ownership Assistance that are given to those who will create women's business center that will train women entrepreneurs

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