Published Feb. 8, 2013
Q: What are limited liability companies (“LLCs”), and what should businesses know
A: LLCs are a new type of business entity that emerged in the early 1990s. They have many important legal and tax characteristics, but the key ones are these:
Liability shield. LLCs provide their owners (called “members”) with a statutory liability shield that is essentially identical to the corporate shield.
Published Feb. 7, 2013
I’ve recently taken my business plan for a new and innovative consumer product to several banks seeking funding, but have had no success. What are some other financing options that might be available to me?
Published Jan. 16, 2013
My partner and I have been running our laser engraving business ourselves for the past two years. We’ve reached the point now where we’re both completely maxed out, so we’re considering hiring at least one employee. Where do we start Read more.....
Current City: Costa Mesa, CA
Business plans, start-ups, finance, financing, financial projections, cash flow, budgeting, intellectual property, troubled business turn-arounds, retail, sales, manufacturing, entertainment, insurance, environmental industry and non-profits. I began my business career by starting a retail ski shop. I built it to $1 million in sales as the ski industry boomed. When my daughter was born I sold the ski business and became a stay-at-home mom entrepreneur, selling custom portraits of children and pets through mail order and specialty shops (that's yesterday's equivalent of an internet business). I sold the portrait business after five years and entered the University of Pittsburgh M.B.A. program, majoring in Accounting and Finance. I graduated Magna cum Laude and I worked as Assistant Controller and Systems Analyst for a large industrial foundry and rolling mill in Eastern Ohio. Two very cold winters later I moved to Southern California to be Project Financial Analyst and Internal Auditor at Hughes Aircraft. I moved to Disney to manage the financial affairs for several divisions at the park as well as the construction of Thunder Mountain Railroad. I left Disney to work as a Special Projects Consultant for Shell Oil, then spent 11-1/2 years at Digital Equipment Corporation. At DEC I worked directly with the Western Vice President of Sales, managing the budgeting, reporting, and awards programs for a 300 person sales force. I also served as executive partner to several aerospace and banking companies, wrote the strategic plan for a new $50 million venture, served as national training manager for the Finance and Accounting organization, and as training liaison between Finance and Accounting and the sales group. In 1992 I took early retirement and became a SCORE volunteer. Currently, I work part-time doing marketing, accounting, and financial planning for a small family owned firm. I also consult periodically with the Cal State Fullerton School of Business Entrepreneurship program and run three small businesses: consulting for several former employers, art beading and freelance writing
<p> BA, University of Pittsburgh, Cum Laude -- Studio Art Major, Theater and dance minor MBA, University of Pittsburgh, Magna Cum Laude, Finance and Accounting. 5 time winner, Chapter Cyber Counselor of the Year Award. Over 20 years as a SCORE mentor.</p>
Current City: Saratoga, CA
Experience in Technology Company Management Bob's career includes 40 years in the Semiconductor Industry. During that time he worked for a Fortune 500 company as well as two smaller companies. He was a Managing Consultant at a company that worked with medium and small sized manufacturers in Northern California before he retired and joined Silicon Valley SCORE. Although managing manufacturing both in the USA, Mexico and the Philippines his career featured many years of sales and marketing management. The scope of his experience included both domestic and world-wide marketing and sales. He was highly successful in forming long term partnerships with International sales representatives as well as sales teams in the US. Even though he has many years of marketing and sales experience he also has worked in non-profit organizations as CFO and Treasurer as well as program manager for SBIR grants. He now has been with Silicon Valley SCORE for over 10 years.
University of Michigan
Post Graduate courses:
Product Liability and Intellectual Product Rights
Senior and corporate management courses by Raytheon
EPA sponsored courses.
Published Apr. 12, 2012
Special tax law provisions may help taxpayers and businesses recover financially from the impact of a disaster, especially when the federal government declares their location to be a major disaster area. Depending on the circumstances, the IRS may grant additional time to file returns and pay taxes. Both individuals and businesses in a federally declared disaster area can get a faster refund by claiming losses related to the disaster on the tax return for the previous year, usually by filing an amended return.
The IRS also offers audio presentations on Planning for Disaster. These presentations discuss business continuity planning, insurance coverage, recording keeping and other tips to stay in business after a major disaster.
Published Apr. 12, 2012
The IRS maintains a valuable collection of resources for small businesses called the Small Business and Self-Employed Tax Center. Visit their site for forms, articles, videos, webinars and audio presentations for small businesses.
Published Feb. 23, 2012
Everybody is a salesperson whether they realize it or no: selling their ideas, their image, their persona, or their products or services. Don't like to sell? You will after attending our seminar, conducted by our own extraodinarily empathetic trainer. Taught by Jim Joyce, Sales Partners, Inc.
Tuesday March 6th - 6:00-8:00PM - Pre-Registration Required.
Thomas G Kutchera
Current City: Elm Grove, WI
Experienced in Business Plans, business operations, strategic planning, sales training, marketing strategies, startup planning. Managed sales, operations, purchasing, bookkeeping, marketing, hiring and HR policies, credit and collections, accounts payable, Profit Sharing Retirement Plan - of small regional food processing and distribution business in SE Wisconsin, both wholesale & retail parts. Under USAID performed consulting assignments to medium-sized regional businesses in Russia, Ukraine[x 3], Croatia which were emerging from the Soviet style command economy -1998-2003.
BS - Economics MA - English Literature