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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
This site is ©
Copyright Brown County Chamber of Commerce 2004-2008, All Rights
Reserved.
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