Small Business Questions and Answers

Gederal grants?




Answers: There are no grants for a for profit business unless you are opening a daycare. If you need money, you will need to apply for a loan. No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.

Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.

SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).

SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.
As the other person stated, federal grants are typically given to non-profit organizations

I personally didn't know they have federal grants for child care centers (which is what i'm in the process of opening) but I do know that you wont find grants for profit businesses

How much should an electrician charge for a new outlet?




Answers: it all depends if he is coming of an existing circuit or a new run. Can be anywhere from 150.00 to 350.00
Figure about $50 an hour. If you just need to replace one it will only take a few minutes but you will pay for an hour. If you want one where there isn't one now it might take a little longer.

Do i have to sign papers to agree to be a director of a buisness or can i just be added?




Answers: You need to sign a declaration for Companies House.
The shareholders vote to elect a director.

In the case of a director resigning or leaving for other reasons, the board of directors can vote a director until the next shareholder meeting where directors are elected.
Assuming this is a UK limited company you will have to fill in submit a form 288a from companies house. I think this can be done online

With small companies it is often the case that the only shareholders are other directors.

If the business is in the finance sector then you may have to get authorisation as a fit and proper person from the Finacial Services Authority.

There are other business models see www.bllondon.co.uk for details.

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