Your browser does not support JavaScript.
Home Categories Small Business 8(a) firms are small businesses that are owned and controlled by socially and economically disadvantaged individuals. Choice 83(b) is an Internal Revenue Code (IRC) provision that gives an employee or startup founder the ability to pay taxes on the total fair market value of the restricted shares at the time of grant. The memorandum of association is the documents filed with a government body (usually the state), which means the creation of a corporation. Bootstrapping is the creation and management of a company using only personal finance or operating income. Business Process Outsourcing (BPO) uses third party vendors or subcontractors to perform certain parts of their business operations. The Federal Home Care Directory (CFDA) was a comprehensive listing of federal assistance programs. “Cost, insurance and freight” (CIF) is an international trade term that applies only to goods shipped by water or ocean. Home-based production is a small-scale production, often performed outside a person’s home. Restrictions apply to who is allowed to fund a new business and how much they are allowed to contribute. Client to Client (C2C) is a business model that allows clients to trade with each other, often in an online environment.