LLC
The type of business structure that combines the partnership and corporation?
An LLC
The type of financial institution that small businesses often turn to for loans and lines of credit.
Bank
What is a tax exempt bond?
This type of financing offered by MassDevelopment helps manufacturing, invest in new equipment an facilities.
Unlike a sole proprietorship an llc provides protection for its owners personal assets.
liability protection
A crucial element banks assess to determine the credit worthless of a small business seeking a loan.
Business plan
What is MassDevelopment?
It is the name of the Mass agency focused on stimulating economics, growth, through real estate development.
This document is needed to establish an LLC outlining procedures.
Operating agreement
Besides loans, banks offer these services to help small businesses manage their finances effectively.
Merchant service, checking account, and or saving accounts
What are small business grants?
They are types of funding offered by the City of Boston helps small businesses with expenses like rent, utilities, and payroll.