Small businesses forgotten in Congress’ credit regulations

Last May, Congress passed reforms on the Truth in Lending Act disabling credit card issuers from hiking interest rates on customers who pay their bills on time. Unfortunately, the reforms – which take effect this week – don’t cover cards used for corporate purposes, reports CNN Money.

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Villanova University law student awaits 501(c)3 status for his organization to help Haiti

When the earthquake in Haiti was reported, Peter Groverman, a 27-year-old Villanova Law Student, received a text message that sparked a humanitarian mission. He told Philly.com the message from a friend read, “Are we going to Haiti?” He instantly knew he not only want to go to Haiti, but he wanted to form a nonprofit […]

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Choosing the right credit card can cut costs for small businesses

The Small Business Administration’s 2009 business credit survey revealed that 59 percent of small businesses choose to make payments with credit cards, yet 79 percent of entrepreneurs say the terms of their credit cards got worse over the past year. A report from MSNBC.com suggests that choosing the right card might help small companies solve […]

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Why it might be wise to convert your business to an S corporation

Entrepreneurs about to undergo business formation should think carefully about which business types are best suited to their enterprises’ needs. For instance, different entities come with different tax benefits. The Christian Post offers some insight on the advantages of an S corporation.

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Older entrepreneurs can still consider incorporation

Many think of business formation as a young entrepreneur’s game. Yet, according to a study from the Kauffman Foundation, Americans between the ages of 55 and 64 have had the highest rate of entrepreneurial activity for more than a decade.

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