Starting a craft business, what steps do I involve to clutch to receive my sole proprietorship legally recognized?
Question:
Paying sales toll, (state and local amounts), do i have to compensate workmans comp insurance, should I invest in an LLC instead?
Answers:
How tons employees?
What state?
Since you're asking these types of question, I am assuming that you've never been contained by business before. I would strongly recommend that you chat to a business counselor before you do anything especially spend money. You own to determine whether you'll start a web base craft business or one with a store front. I'd ring the local office of SCORE (go to http://www.chalk up.org and input your zip code to find the chapter nearest you), the warning is FREE.
The counselor at SCORE will most likely support you to write a business plan which is very devout advice because it will force you to verbs out all of the start up details and the costs of starting a craft business and force you to also realize all of the aspects of this business including the customers you'll concentrate on (your bazaar ) and how you'll go after them.
You'll necessitate to register the business with your state controller's organization and make sure that you own any city and county licenses if any are needed where on earth you live. In almost every state, workers compensation insurance is required when you have W2 human resources. In some states, business owners, officers, partner and other principals have the route to exclude themselves from workers compensation insurance coverage. This registration process will explain sales charge and the workers comp insurance requirements. All of this will come out in the financial analysis of a powerfully documented business plan.
Try this link :
http://www.ychange.com/small-business-co... and read some of the articles especially the ones almost a business plan and starting a business.
Good Luck
I necessitate minister to? i necessitate to bring in $21 hasty?
Question:
i need $21 dolars to buy a sims spectator sport and my mom won't give me it. i hold to earn it. i can't babysit or do a lemonade stand. what to do!1
Answers:
ask your mom if there is anything around the house that you could do. vacum, waash dishes, verbs bathroom, etc.
it doesn't seem resembling it's a life or demise situation, so maybe you cuold ask neighbors if they would lik eyou to mow, something similar to that.
You are about to clowned. Sounds close to you are too youong to have a assignment so just suck it up.
I will compensate you $21 for the plans to a perpetual motion machine, cold fusion reactor or cure for adjectives diseases...
I ws just going to report you to go babysit. But you say aloud you can't, WHY CAN'T you? Offer to cut your neighbors grass. Pulls weeds or submit to clean houses, you can fashion a quick $21.00
pace someone's dog or something, run errands for someone, small stuff like that for which race will pay you
ask a friend for a loan. foot them back when you bring the money.
Would you hire me within Richmond, Virginia?
Question:
I am a recent college graduate who is looking for a job. My amount is in English. As a liberal arts main one can think of me as "a jack of adjectives trades" therefore I enjoy a strong interest in:
Technical Writing/Editing
Public Relations
Marketing
Community Development
Education
Hotel/Restaurant Management
Federal Employment
My resume can be view here:
http://brobertson.emurse.com/
It would be most appreciated if anyone in the Richmond Virginia nouns knew of any employer willing to cart me under their wing, bestow me a chance and allow me to use my heaps skills for the needs of the company. Good internships? Good work search engines? Job Fairs? Any accepted wisdom?
(Also, no cold calling, selling insurance, online employment, work at home or door to door commission type jobs. I'm without a job but not desperate. Thanks!)
Answers:
if you majored in English possibly you should try applying at your local school district for a lessons job. If not you should post your resume on sites approaching monster.com or hotjobs.com...people who are hiring are going to be looking at these sites not RunEye.com. obedient luck
What is Master franchise?
Question:
what does it mean, what's the benifit of it?
Answers:
Typically, a Master franchise is an agreement to develop an entire geographical bazaar for a franchisor, often as an exclusive right. So, for example, let's enunciate someone has a Master franchise for the southeast US for Burger Corp. Then, let say you considered necessary to open a Burger franchise within Georgia. You would go through the Master franchisor to take home this happen. The Master franchisor would possible recruit, train, etc. for this endeavour. Also, the Master would get a chunk of your profits.along beside the others in the southeast US. The Master would plausible coordinate marketing efforts and campaign that would service the entire region, and may even market to potential franchisees contained by the region.
So, the benefit of being a Master is clearly that as individual franchisees sign up and buy franchise unit, you get a piece of respectively one's profits. This is in exchange for marketing the franchise to latest franchisees and the franchise itself, on behalf of the franchisor.
Any thinking for a small business from my home that won't require a great deal of money down?
Question:
Answers:
Here are my suggestions on finding a legitimate opportunity that's right for YOU:
- Set your financial goal -- Are you just looking for extra income or a potential full-time income? How long (and hard) are you inclined to work to meet your objective?
- Determine if you are looking for a JOB or a BUSINESS -- there is a distinct difference between the two and you want to focus your energies appropriately for the best results.
- If looking for a JOB, what are your marketable skills and previous experiences? If you are looking for a BUSINESS, budge with your passion, things that interest and motivate you the most. Build a list and use that to start your search. General rule of thumb: Never discharge for a job (businesses, otherwise, usually involve some expenses).
- Review your budget -- know ahead of time what you are willing and competent to invest into your business, including start-up costs and ongoing maintenance and promotion.
- Find a rep to contact, check out their websites, ask question, do your own independent research.
- I personally also check out a company's status and consumer feedback on www.bbb.org and www.ripoffreport.com
Hope this info help get you started. Best wishes!
Check this out www.oursoo.com/
An on-line travel agency next to a really a great company. That's what I did. The parent company is publicly traded and a member of the BBB. Has excellent training, mentoring, and support. I love the commissions, charge deductions, and travel agent credentials.
A time care, eBay store, pet sitting service, Avon, Mary Kay, Pampered Chef.
I hope that you find what you are looking for and own a great day!
cut mens hackle. not womens they are to fussy
Sell Jewelry from home:
Yahoo Group
Free Website
good Comission
one and only $5.00 to join
Free Gift
if you're really looking for a business that you run and you own contact me. I work for a BBB company. You will bring back all the assistance you entail to get started and here is always support if you inevitability help. I love this company!!
It really depends on how much time you want to invest as in good health as money. To be honest, there are several advantages to selling things on eBay. Most eminently, the marketing is 95% done for you, and they make it VERY assured. The problem is that most people on that site are any looking for the best deal, or for a terribly hard to find product, so you can't a moment ago sell "anything" and be profitable.
This one is in fact free to start up and may be able to earn you some nice income from home. It is call bigcrumbs:
This is a site that is totally free and pays rebate to people who shop at adjectives of the stores in their exchange cards. For instance, if someone buys something at target.com, 7% of the total price is rebated with it one spilt between the purchaser (biggest crumb), the person who referred them, the being who referred them, the person who referred them, the individual who referred them and the person who referred them (smaller crumbs).
They hold a good range of big stores and small stores and even have an agreement near ebay where you attain a % rebate of the seller's fee on any purchase. For those who buy at ebay or other stores on their site, it is lately free money. It can also be a way for those who refer such culture to earn some money. Here is the link to check it out and sign up as his referral if you are interested:
http://www.bigcrumbs.com/crumbs/frontpag...
This company have been within business for over 20 years and they are legit. I like them because they furnish everyone the opportunity to work from home or wherever you want. They enjoy changed my life and they lives of close friends of mine. We've adjectives been competent to quit our jobs and work from home contained by less than 6 months. I hope this help you!
http://www.WorkFromAllOver.com
Yes! I run a small business and am doing pretty well near it.
I'm involved in several home base business opportunities, but My World Plus is a great one for someone who desires a really easy business near a low start up cost. This opportunity has truly global appeal, as everyone loves to save money.
My World Plus is a Membership Club for Savings on your favorite shops, restaurants, entertainment, hotels and more!
You can salvage money on the places you visit already, and product money referring new member!
Watch the movie and take the tour at the knit below to find out more.
http://www.myworldpluswealth.com...
1. Join a reputable affiliate company that is free to join(find one below)
https://www.moreinfo247.com/9177839/wmg...
2. Find products and services inwardly that company that you enjoy and would similar to to promote online.
3. Learn a few methods to advertise on the internet and gain sale and affiliates yourself(implemented with your own website or free blog)
http://www.myaffiliatestarter.com/dotcom...
4. Apply those methods consistently over time(forever truly, don't stop.it's like rolling huge snowballs for a snow man until your business is huge!)
5. Rince and repeat.
Obviously you'll hold to LEARN before you can DO. This is where on earth most people fall short. They don't have the restraint to LEARN how to EARN.
Hope this helps.
For tips on making money online surfing by completing survey's and free offer, go to: http://www.squidoo.com/make_money_online...
Internet !!
Is within a Web Site to check if my house/business premises is at risk from flooding?
Question:
Answers:
http://www.homecheck.co.uk/welcome.do;js...
http://www.environment-agency.gov.uk/sub...
The 1st checks ur postcode the second is the enviroment agency
Weather forecast with your nouns code.
if you have a mortgage, a flood tag was pulled when you obtain the mortgage. if you are not currentl;y paying for flood insurance, then you are not within the 100 year flood plain. now, that does not close-fisted that you will not flood, it depends on things like how much concrete or construction, how oodles trees and such like that enjoy been destroyed, is around you (that will not engage water) . the flood companies can only turn by the maps provided, and the finishing bug update was within 200-2001, as far as I have see and I am an underwriter, so I work with this info day by day.
check out First American flood Data Service. thats who we use
http://www.environment.gov.uk/
When does a hot business "start trading" (need to register inside 3 months from which date)?
Question:
I want to set up an Online business (as well as selling on Auction Sites) and own been "collecting" stock for yesteryear 3 months - BUT HAVE NOT SOLD ANYTHING YET. I understand that I must inform HM Tax Office "inside 3 months of trading". I do not intend to start selling until I have built sufficient stock up.
Question : Am I trading however (ie. do I need to inform the Tax Office however ?)
Thanks.
Answers:
Contrary to the above answer, you are neither self employed nor Trading yet. You are merely building your assets set for going self employed.
You are considered both self employed and trading when you start ADVERTISING your products, ie when those products hit the web, thats trading. It is not your first public sale, but your first advert.
What you should take watchfulness of is that when you are doing tax, you can simply claim expenses for the past due year, and at their discretion the prior year. So, in the form you complete within April 08, you can claim stock costs for April 07-April 08, and perhaps April 06-April 07, but any stock you purchased earlier that, you cannot claim back on, and hence it is your own expense.
Although you are not trading you are still self employed - send for tax bureau and discuss it with them.
Is it expensive to start a compensated political leanings website?
Question:
what type of tools or software will i need.
Answers:
You will requirement a membership software that will allow you to control the reimbursement system, enable memberships and brand name sure to protect your site (no sharing of passwords, etc). There are a number of software out near such as
http://www.amember.com/
http://www.membershipadmin.com/...
I have no clue what tools or software you'll requirement. But most paid devotion sites start off as free, after start restricting services.
That's the only course to grow enough of a customer stand in most cases.
So it may be expensive contained by the beginning.
What do I enjoy to do to be capable of except child caution assistance for my contained by home daycare, that I run?
Question:
I have be running a in home daycare business for going on for 3 yrs now and I enjoy a mother that came to me today and asked me if I would be ready to except childcare assistance. Can anyone tell me what I own to do to be able to except it, what features of things must I have to be capable of except it? How does it work? When would I get salaried? I get remunerated now every Monday? What compassionate of forms do I have to steep out? Will I have a home inspection, if so what do I obligation to make sure I own? I have adjectives the safe equipment and gate, smoke detectors and carbon dio. detectors, is there anything else? Any comfort with this would be greatly appreciatated! Thank you!
Answers:
First of adjectives, you need to contact the agency that's going to be paying the child's daycare fees. If you're licensed already and the parent is going through your local Social Service department, adjectives you really need to do is contact Social Services and tolerate them know you're interested in doing childcare for their clients and they'll enjoy you fill out some paperwork and distribute it back. There's no requirement for them to come back out an "reinspect" your home because they know if you're licensed that's already be done by the Health Dept. This is how its done in Kansas, so not sure if its duplicate wherever you're located but its a start. The agency usually single needs your baptize, address and Lic. # to get you started. Hope I help some!
I will try to help you as much as I can, I used childcare assistance contained by the past. I know that you will involve to go to your local social services and apply. I know they will examination you for TB. Your home has to exceed inspection and meet adjectives requirements. Example would be no peeling paint and handrail where in that are three or more steps. You will get salaried mostly by the state once a month but it holds back one month. There is a bit or treatise work that needs to be chock-a-block out by you and the people the are using the asistance. You enjoy to keep pious records of when you view the children. Your pay is base on the standard that social services provides. The person unloading the assistance may have to money you a monthly copay which you can request from that person on a year of your choice. If you have further question feel free to email me.
What are you doing very soon and i'm bored at work please lend a hand??
Question:
Plzzzzz!
Answers:
Poor darling!
You should nip down here to see me surrounded by gorgeous Brazil and we can have Caipninhas on the sand together.
XXX
p.s. Florianopolis awaits you. all you requirement is a bathing costume.
p.p.s.
Then come by boat!
MMM I just get to work :s got nil to do WORST!!
;D
I was principle my student. very busy.
Selling t-shirts on the internet, successful?
Question:
I have only just opened shops next to Cafepress, Spreadshirts and Printfection, selling t-shirts. Has anyone had any nouns selling t-shirts using these shops or independently via the internet? Is there another process of selling apparel online?
Answers:
You might be interested in checking out: http://www.small-business-ideas-branded-...
It highlights a strategic method to successful sell t-shirts on the internet using services similar to CafePress and Spreadshirts.
It really boils down to finding a way to create an offering that targeted a niched group of race.
Check it out...it might help.
Best of luck to you!
I go all my t-shirts on eBay. Sometimes it take awhile to sell though. Your price also can't be too outrageous if not you'll never sell them.
in attendance is quite a few selling t/shirts on Ebay if you are different you may get a go of it, pious luck.
Hi :
If you want to sell on e-bay i can do you supplier
I be sell on ebay.com.cn but this month ebay.com.cn closed
i can not go .
I have some wonderful things . I am within the biggest brand things wholesale market .I a short time ago sell the top power things with upright price.that thing you trade on E-BAY .it is wonderful .
my sit is ww.goebag.com
e-mail is goebag@gmail.com
Can you answer this scenario beside a yes no?
Question:
You and your partner (husband/wife/domestic partner) build a business (s-corp) together, your partner is the main component, short their craft there would not be much of a business, but you do adjectives the little things and big things that they do not. During the start phase of the business, it is supported by your every-day work paycheck, the cost of about $20k.
The business is getting bigger, and very soon your partner wants to GIVE away 30% of the company to his/her brother/sister (twin). The borther/sister are not going to do anything for that 30% or anything for the business at this stage of the activity, they just want to bestow it to them as a present.
Currently they will not get anything any. But there is other that potential that if they become "active" that you would have to share 30% of your profits, and anything else comes with the title of 30% partner.
Do you agree to this?
Answers:
Giving away 30% of the business (S-Corp) routine giving away 30% of the cash avaialble for distributions to the sibling as okay as giving away 30% of the profits or losses no matter what their plane of activity Under ruling S-Corps must make distributions (effectively change dividends) pro-rata with ownership % otherwise near are deemed to be multiple classes of stock beside would negate the "S" corp.
While this is a wonderful idea to own a business near sibling there are potentially huge familial problems that can/ will develop if things go powerfully. Money can do strange things to people.
With almost 10 years experience contained by public accounting, I would never advise a client to do something similar to this unless they understood adjectives of the potential pitfalls and there are copious beyond the two that I have outlined.
No
no
No
No.
I don't close to "yes or no" answers. It's not that easy within life. I KNOW nearby is more to this than just your side of the story. So, the answer is "maybe"...
No building a successful business take hard work and money. If someone is not predisposed to do hard work next they shouldnt be involved. No offence but i reason giving part of a business to your sister, twin is stupid if they aint going to facilitate with it, its merely stupid.
No partnership always lead to trouble especially with friends and nearest and dearest
No, you are a partner and it should be your decision as ably. If this happened in need your agreement, then you should annul whatever support you hold lent to the enterprise.
I agree with ZinaRae; I can't hand over just a yes/no answer lacking knowing both sides of the story. My instincts say NO simply based on what you've said here, but that inference might change if I could also hear reason like why your partner requests to give a percentage away.
No, unless as a partner within the business, they earned it. I see by your comments, they haven't.
YES but it have need of to be decided how much.
It appear your partner is the obverse of the business and visionary and guide type. Hope he is contributing too physically and financially, may be within a small way compared to you. This small contribution could be crucial for your business.
You appear to be working partner type and handling everything physically. In crust of a bigger business an outsider could do it. So talk to your partner that you shall be going down to a mere 35% and it will not be fair-minded for you. Probably your partner want to ensure 35% + 30% i.e. total of 65% for himself. He consider himself a major partner. So try for 45% for you or any where on earth in between 40-45% for you. Let your partner allocate to himself and his/her bro/sis from his own share.
It is business suicide.
A better solution would be to involve the Twin surrounded by a manner that they can whip what you do and emulate it...sort of like a mini-franchise or similar article.
Do it in a path that you and your wife maintain control though.
approaching the old proverb ...you can supply a man a fish.or you can teach him to fish etc.
Also see what you can do..surrounded by the way of research and logic, to build your Wife see what a bad choice this would be.
WOW , NO WAY. I own a business with my husband and he also say no way. In stead of giving this twin 30%. Why not label her a silent partner or an investor?
Which is the best compensation plan available within the flea market?
Question:
There have be many systems till date. Systems resembling Multi Level marketing, Uni level marketing etc. Which is the system providing the best compensation plan which is more consultant friendly? If you can share your education, that would be great. I thank everyone in finance.
Answers:
They are all full of crap. Get a genuine job so you can hold satisfaction contained by your work. The glut of people that enjoy been to nouns school and don't own real job means they are sitting around making stuff approaching this up, leeching off of others.
Becoming a Mary Kay Consultant..?
Question:
I am wanting to become a Mary Kay consultant. Is it required I have to furnish my social security number on application form to become a consultant?
For those of you who own gotten the MK starter kit just this minute what all come near the kit and how long did it steal for you to receive (within the USA).
Any information would be appreciated.
Answers:
Yes, you do have to tender your social security number because it's considered your own home base business. Your social will also act as a tax-id come export tax season. You do not send surrounded by quarterly statements. That is done from Mary Kay Inc. All you have to do is print out your toll information from the Mary Kay Intouch website and take it beside you when you file your taxes. You get hold of A LOT of tax deduction for having a Mary Kay business. Make sure who information your taxes knows roughly Mary Kay and all the import tax benefits you get.
In your starter gear that you pay $100 for does not include import tax and shipping (shipping is always $8.75). However, you capture over $323 worth of full size products (both normal/dry and combination/oily formulas are included), learning materials, Look books, Beauty books, sale slips, mirrors, trays, samples, 2 tote stacks, and much more. All this will get you started to see at most minuscule 30 faces.
If your state is close to a shipping hub for MK products, you can grasp your shipment as fast as 2-3 days. If you live within Texas, where the principal facility is...I'm sure you get it immensely quickly. I'm within Oklahoma and it take 3 days. Call Mary Kay's 800# to find out specifically.
I own a flyer that shows everything in the utensils I'm surprised you consultant didn't show it to you. There is too much to list. It help yourself to about 2-3 days.
Starter kit come in immediate. Within a few days. If you are lucky your director will have one on mitt and you can get it that afternoon. You get several foundations. Complete skin-care for everyday to dry and combo to oily within Timewise. Day and Night Solution. Eye-Makeup Remover. You get functioning samples and lots of erudition materials. I am sure there is more I a moment ago can't think right very soon. You do get 2 nice stacks too. You will want to purchase Microderm and Satin Hands ASAP. They are two great sellers and a unqualified staple in the Mary Kay world. Who know since I became a consultant those might be included surrounded by a starter kit and I freshly don't know it. Anyway it is a great company and I think you will love it. I suggest getting as much inventory as you can afford. If you do everything suggested surrounded by your training materials it will fly off the shelves and you will get great money! Good Luck.
My sister in ruling was a mary kay consultant, you hold to buy the products and then try to put on the market them. Needless to say she is no longer doing the Mary Kay.
Have you ever hear of Nicole Miller cosmetics? These are all organic products that are safer and better for you and your clients. Your clients can order from a catalog and you still go and get the commission without have to carry a bunch of inventory. Plus within are other products besides cosmetics to pick from. All these products are safer and non toxic. I am a marketing executive and I love the products and use them frequently as I am also a mother of three. If you are interested in knowing more stop by this site: www.income4mommys.com Good luck in your ruling.
Yes, it is required to give your social deposit number.
BUT you should really consider NOT doing this. Mary Kay is over priced and it's a very wet through market. Unless you are considering doing this because you use $400 worth of their products every few months. There are 99% of women that sign up LOSE money near this so-called business. You will have your "upline" trying to get hold of you to order inventory, which you will be stuck beside if you don't sell.
Look for the website pinktruth.com
Or the groups on Yahoo call MKSurvivors, mlmsurvivors, and mlmwholesale. They are filled near people who signed up and lost money.
Not sure what comes within a Mary Kay kit.my company you reward $199 for the kit and you take $500 in purses and jewelry. Also you receive catalogs, invitations, order forms, and lots of other business supplies! Most companies are one and the same with this stuff.
I would unambiguously consider another type of company to make extra money. I just begin selling for At Home America and your start up kit is unquestionably free! The only company out nearby right now that I know of where on earth you don't pay to start. I get $450 in home wares for merely the shipping charges of $40. On top of that I make great commission and earn seriously of free products for my house! You can never have too much home products. Feel free to check out my website if you would approaching www.athome.com/ivymarquette. You can see their product on there within the catalogs.
I want to know give or take a few how to total Value at Risk (VaR) if somebody know around it pls guide me next to examples
Question:
Answers:
In the following, return means percentage adapt in good point.
A variety of models exist for estimating VaR. Each model have its own set of assumptions, but the most common assumption is that historical marketplace data is our best estimator for adjectives changes. Common models include:
(a) variance-covariance (VCV), assuming that risk factor returns are other (jointly) normally distributed and that the redeploy in portfolio advantage is linearly dependent on all risk factor returns,
(b) the historical simulation, assuming that asset returns within the future will own the same distribution as they have in times gone by (historical market data),
(c) Monte Carlo simulation, where on earth future asset returns are more or smaller quantity randomly simulated
The variance-covariance, or delta-normal, model be popularized by J.P Morgan (now J.P. Morgan Chase) in the rash 1990s when they published the RiskMetrics Technical Document. In the following, we will take the simple shield, where the one and only risk factor for the portfolio is the value of the assets themselves. The following two assumptions see to translate the VaR estimation problem into a linear algebraic problem:
(1) The portfolio is composed of assets whose deltas are linear, more exactly: the change surrounded by the value of the portfolio is linearly dependent on (i.e. is a linear combination of) adjectives the changes surrounded by the values of the assets, so that also the portfolio return is linearly dependent on all the asset returns.
(2) The asset returns are in concert normally distributed.
The nuance of (1) and (2) is that the portfolio return is normally distributed because it other holds that a linear combination of jointly in general distributed variables is itself normally distributed.
We will use the following notation:
method “of the return on asset i“ (for σ and μ) and "of asset i" (otherwise)
means “of the return on the portfolio” (for σ and μ) and "of the portfolio" (otherwise)
adjectives returns are returns over the holding period
within are N assets
μ= expected value, i. e. propose
σ = standard deviation
V = initial value (in currency units)
= vector of adjectives ωi (T means transposed)
= covariance matrix = matrix of covariances between adjectives N asset returns, i. e. an NxN matrix
The calculation go as follows.
(i)
(ii)
The normality assumption allows us to z-scale the calculated portfolio standard deviation to the appropriate confidence level. So for the 95% confidence plane VaR we get:
(iii)
The benefits of the variance-covariance model are the use of a more compact and maintainable background set which can often be bought from third party, and the speed of calculation using optimized linear algebra libraries. Drawbacks include the assumption that the portfolio is composed of assets whose delta is linear, and the assumption of a ordinary distribution of asset returns (i. e. market price returns).
Historical simulation is the simplest and most transparent method of arithmetic. This involves running the current portfolio across a set of historical price changes to abandon a distribution of changes contained by portfolio value, and computing a percentile (the VaR). The benefits of this method are its simplicity to implement, and the certainty that it does not assume a normal distribution of asset returns. Drawbacks are the requirement for a colossal market database, and the computationally intensive computation.
Monte Carlo simulation is conceptually simple, but is generally computationally more intensive than the methods described above. The generic MC VaR estimate goes as follows:
Decide on N, the number of iterations to execute.
For each iteration:
Generate a slapdash scenario of market moves using some souk model.
Revalue the portfolio under the simulated souk scenario.
Compute the portfolio profit or loss (PnL) under the simulated scenario. (i.e. subtract the current open market value of the portfolio from the marketplace value of the portfolio computed contained by the previous step).
Sort the resulting PnLs to give us the simulated PnL distribution for the portfolio.
VaR at a unique confidence level is calculated using the percentile function. For example, if we computed 5000 simulations, our estimate of the 95% percentile would correspond to the 250th largest loss, i.e. (1 - 0.95) * 5000.
Note that we can compute an error possession associated with our estimate of VaR and this error will cut as the number of iterations increases.
Monte Carlo simulation is generally used to compute VaR for portfolios containing securities beside non-linear returns (e.g. options) since the computational effort required is non-trivial. Note that for portfolios short these complicated securities, such as a portfolio of stocks, the variance-covariance method is perfectly suitable and should probably be used instead. Also write down that MC VaR is subject to model risk if the market model is not correct.