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A Guide To Starting a Business In Brown County

FINANCING 
Before requesting a loan, a person should be prepared to provide detailed factual information about the business.  A business plan is especially helpful in securing a loan.  Keep in mind that no bank or agency will take 100 percent of the risk.  Most institutions expect a business person to invest 20 to 30 percent in the business.  General credit requirements of a loan applicant include:  1)  must be of good character, 2)  must show ability to successfully operate a business, 3)  must have enough money or be able to provide from personal resources sufficient funds to withstand possible losses (this is particularly true during the early stages of a new business), and 4) must show that the proposed loan is of sound value and reasonably secured to assure payment. 

FEDERAL TAXES 
General Information 
 A variety of free publications on such subjects as record keeping, withholding taxes, estimated taxes, and self-employment taxes, as well as detailed information on taxes for sole proprietorships, partnerships, and corporations, may be requested by calling the Internal Revenue Service (IRS) Taxpayer Assistance line toll free at 1-800-424-1040.  The regional IRS Service Center for Ohio is located in Cincinnati.  The address is: 
  IRS 
  Cincinnati, OH  45999 
  http://www.irs.ustreas.gov/businesses/index.html

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