Should I apply for more than one startup loan at once?

TL;DR; Yes it's bad, without understanding context. Doing this, or any other organization rule needs to be considered based on the culture of the company and the goals. It's dangerous to take this one action out of context as to Buffer's purpose in building their organization. Is it good? For some, that haven't been doing it from day 1 - I'm going to say no. My experience shows that most companies don't have a strict pay scale, and many would get upset by this. Also, it's a personal thing - maybe your team don't want this. We do this internally at Clarity (everyone on the team knows what everyone else makes) but we don't publish this to the world. I do agree that transparency helps teams focus on whats important, and can get ride of political issues, but it can also introduce other issues if it's not part of a bigger vision. It's like assuming if you wear black turtle necks, blue jeans and new balance shoes like Steve Jobs, that you'll be a better designer. That's not how it works. my2cents

In normal cases each subcontracting partner is self responsible for its accounting. Depending on the country you are and kind of business you running, you need to find out what possibilities are possible. For sure there are services you can use, check out payroll.intuit.com for example. There they offer accounting/payroll services for small businesses. Hope I could help you! If any further help needed, let me know! Regards Behzad

The other answers are good, and here is one practical approach to handling this. First, the accounting capitalization (10m x $0.001 = $10k) is really irrelevant. In fact, we went for 10m x $0.0001 = $1k. Whatever you pick, your company after formation will show $X of assets (the cash in the back) and $X of shareholder equity. So far so good. You then need to start spending money through the company. Rather than issue more shares, you can lend the money to the company; write out a loan agreement (probably something like a balloon payment 10 years out with 0% interest) and deposit the check. If you're doing everything at the same time, and want to have $1k of shareholder equity with a total of $25k to spend, then deposit the $25k check and call it $1k to purchase the founder's shares and $24k loan. In this case, your company now has $25,000 assets/cash, $24k liability (to you) and $1k shareholders equity: assets = liabilities + shareholder equity. Hope that helps clarify things a bit...

So you do lab work for dentists? If you post your website or some other info it might be easier to help you with the issue. If you want to improve cash flow you can either reduce expenses or grow revenue. My experience is that it is usually way easier to grow revenue since expenses are so thin for companies like yours unless you have wasteful habits. Figure out who your ideal customer is and develop a marketing plan. Make sure the marketing plan uses multiple marketing medians to get brand recognition with the target market. Follow up with phone calls and offer test orders or test lab work. Make sure you can demonstrate a clear advantage to working with you compared to others. Any clients you work with should respect your professionalism to sign an agreement with their orders to pay within a specified time frame. The agreement might also clearly spell out how the collections process works. Get signatures on orders, if they can order online include info like this in your TOS.

I do understand the problem that you are facing. There are several ways to help you out for instance: 1. Pay more than the minimum payment. If you carry the average credit card balance of $15,609, pay a typical 15% APR, and make the minimum monthly payment of $625, it will take you 13.5 years to pay it off. Whether you’re carrying credit card debt, personal loans, or student loans, one of the best ways to pay them down sooner is to make more than the minimum monthly payment. 2. Try the debt snowball method. If you are in the mood to pay more than the minimum monthly payments on your credit cards and other debts, consider using the debt snowball method to speed up the process even more and build momentum. As a first step, you will want to list all the debts you owe from smallest to largest. Once the smallest balance is paid off, start putting that extra money toward the next smallest debt until you pay that one off, and so on. Over time, your small balances should disappear one by one, freeing up more dollars to throw at your larger debts and loans. 3. Pick up a side hustle. With sites like TaskRabbit and Upwork.com, nearly anyone can find some way to earn extra money on the side. 4. Create (and live with) a bare-bones budget. One tool you can create, and use is a bare-bones budget. A bare-bones budget will look different for everyone, but it should be devoid of any «extras» like going out to eat, cable television, or unnecessary spending. While you are living on a strict budget, you should be able to pay considerably more toward your debts. 5. Sell everything you do not need. If you are looking for a way to drum up some cash quickly, it might pay to take stock of your belongings first. Why not sell your extra stuff and use the funds to pay down your debts? Otherwise, you can consider selling your items through a consignment shop, one of the many online resellers out there, or a Facebook yard sale group. Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath