Corporate credit cards are a consideration for any business. There may be times when you need to make a quick purchase and having corporate credit will expedite that purchase.

If your venture is considered a "start-up" make sure you have a legitimate business set up before applying for credit in your corporate name. For example, have you chose a business entity or applied for a Dunn and Bradstreet number?

The first step in building corporate credit is to apply to credit card companies that are receptive to applications from new or start-up companies. American Express accepts applications from new companies that are Costco business members. And Discover accepts applications from Sam's Club business members. Applying at the actually locations will elevate your chance of approval. Other companies who have easy qualifying requirements for new corporations are Staples, Office Depot, Shell Gas and UPS.

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If you are like me and millions of other entrepreneurs and small business owners, then the need for start-up and working capital is essential for your business.

The US Small Business Administration now provides its "Community Express" Loan Program, geared primarily to minorities, women, veteran, and businesses in traditionally under-served areas. The loans are funded by two SBA approved lending institutions: Innovative Bank and Superior Financial Group .

The "Community Express" program offers qualified small business owners loans up to $50,000 with a 7 or 10 year term, no prepayment penalty, minimal paperwork and technical assistance as needed. The program is structured to ensure that the borrowers receive appropriate pre and post loan management and technical assistance to help insure a successful business experience.

Contact the banks to find out where you can receive technical assistance in your area prior to applying for the loan. These loans are expensive and should be considered as a last resort for financing. I applied and was approved for this loan in June 2007 by Innovative Bank.

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After firing my CPA, I needed my monthly sales and use taxes prepared. I contacted another industry professional for a referral. During our conversation, she stated hers are filed and paid every quarter.

The process of paying taxes need to be addressed after you have registered with your city or state to sell gift baskets. Electing to pay taxes monthly or quarterly are options offered by local government agencies.

Consult a competent CPA or visit your State Department of Revenue's website for instructions on Sales and Use Tax preparation. Filing and paying taxes on time will prevent unwanted penalties later.

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