Ask a CPA

One address that might be helpful is: www.kentis.com/acctxpub.html

The address is www.sec.gov

A bank or lending institution may ask for a co-signer or guarantor on a loan to further insure that the loan will be repaid. A co-signer will also be personally liable for repayment of the loan.

As security, the bank is asking you to put up an asset to protect the bank loan. If you default on the loan, the lender will be able to foreclose on the asset and sell it to repay the money owed to the bank.

The Small Business Association is a federal organization that has a variety of programs that can assist small businesses. One of the better SBA loan programs is called the Low Doc program. It is designed to help small businesses borrow up to $100,000. It also offers a simple one page application form and advertises a rapid turnaround time. Speak to your local CPA about SBA loans available to you.

Venture Capitalists are investment professionals that invest primarily in high-growth companies. They usually expect to share in the company's equity and expect to be involved in the management of the business.

You can file online Form SS-4. Go to www.irs.gov/businesses and click on Employer ID number. Your local IRS Service Center can also assist you in getting a Federal EIN. Call IRS at 1 800-829-4933.

Beginning 1/1/11 you must use electronic funds transfer to make all federal tax deposits for employment tax's, corporation tax's and excise taxes. Forms 8109- and 8109-B Federal Tax Deposit Coupons cannot be used after 12/31/10. Generally electronic funds transfer are made using the EFTPS system. If you do not use EFTPS you can arrange for a trusted third party to make deposits on your behalf such as a payroll service or financial institution. To enroll in EFTPS visit www.eftps.gov or call 1-800-555-4477. Speak to your local CPA about assisting you in signing up to the Federal Tax Payment System.

Beginning 1/1/11 you must use electronic funds transfer to make all federal tax deposits for employment tax's, corporation tax's and excise tax's.
Forms 8109- and 8109-B Federal Tax Deposit Coupons can not be used after 12/31/10.
Generally electronic funds transfer are made using the EFTPS system. If you do not use EFTPS you can arrange for a trusted third party to make deposits on your behalf such as a payroll service or financial institution.
To enroll in EFTPS visit www.eftps.gov or call 1-800-555-4477. Speak to your local CPA about assisting you in signing up to the Federal Tax Payment System.

Form 1099-MISC should be issued for payments of $600 or more per year for services performed by workers not considered your employees.