Arkansas Small Business and Technology Development Center

Arkansas Small Business and Technology Development Center

March 3, 2022 0 By Kennedyseat

New “Cyber Safe” training from the Arkansas Arkansas Small Businesses Near Me and Technology Development Center equips businesses to recognize and thwart cyber… Lender Match is a free online referral tool that connects small businesses with participating SBA-approved lenders. For personalization and accuracy tell us a little bit about your business.

All opinions, conclusions or recommendations expressed are those of the author and do not necessarily reflect the views of the SBA. All ASBTDC programs are extended to the public on a non-discriminatory basis. Language assistance services are available for limited English proficient individuals.

We help small business owners start, buy, develop and grow their businesses. We provide one-to-one confidential guidance that can be specifically tailored to your business venture. Consulting services are available to current and prospective Arkansas small business owners free of charge.

When you shop locally, you support your neighbors and community. Local businesses are owned by people who live in our towns. They go to our churches, donate to our Little League teams, and show up to parent/teacher conferences.

The Arkansas Small Business and Technology Development Center at ASUMH serves Baxter, Fulton Izard, Marion, Searcy, and Stone Counties. The ASBTDC serves Arkansans who are starting new businesses, buying established businesses, looking to expand existing businesses, or commercializing research or technology. His office assists clients with every aspect of business creation, operation, and management at no fee, as well as provides resources for specialty business services. It collaborates with community partners to deliver services and offer local events and training at no cost. America’s small businesses have always been an engine for innovation and job creation. AWBC is funded in part through a cooperative agreement with the U.S.

With some capital, you can start a food processing business with lower production costs. You can then ship these products to the other states of America. As part of our commitment to safety, we are taking additional precautions in connection with efforts to protect the health and safety of our customers, trade allies and employees. All energy efficiency trade allies are following these health and safety guidelines.

Little Rock SCORE provides free business advice, counseling and workshops to startup entrepreneurs and small business owners. Our centers assist all types of for-profit businesses, from home-based to high-tech. Receive one-to-one confidential consulting and cutting-edge market research at no charge, or expand your expertise through our affordable educational events. A limited liability company combines the personal asset protection of a corporation with the flexibility of a partnership or sole proprietorship. Most small businesses prefer the LLC structure due to its easy maintenance and favorable tax treatment.

The national SBDC program has offices in all 50 states, American Samoa, the Pacific Islands, the Virgin Islands, and Puerto Rico. The UAM ASBTDC operates as a regional office of the Arkansas Small Business and Technology Development Center, a statewide network of seven regional offices affiliated with universities throughout the state. Despite the difficulties posed by the past year, Arkansas was recently ranked no. 2 for states with the most pandemic-proof small businesses. We encourage you to support small businesses in your community this holiday season and year-round. Small Business Saturday is the day after Black Friday. It is a day to celebrate and support small businesses and what they do for communities.

Reasonable accommodation for persons with disabilities will be made if requested at least two weeks in advance. The chamber has the tools and resources you need to get your new business idea launched or to promote new growth of your existing business. Because when we support local businesses, we support our entire community. These are some of the best business ideas to start in Arkansas.

For example, a restaurant will likely need health permits, building permits, signage permits, etc. We recommend that all small businesses, including home-based businesses, purchase a general liability policy. Businesses selling professional advice or services, such as consulting and accounting firms, should also consider a professional liability policy. Choosing to form a nonprofit involves many of the same steps as a corporation or LLC; however, with this business structure, you can apply for tax exemption, otherwise known as 501 status, through the IRS. Apartnership, like a sole proprietorship, is an informal unincorporated business structure but with multiple owners.

Small businesses with fewer than 10 full-time employees that pay average annual wages of $25,000 or less may qualify for the full credit. The ASBTDC applies creative approaches that stimulate entrepreneurship, innovation, and small business growth through the higher education system, resulting in measurable economic outcomes. Little Rock SCORE is a chapter of the national SCORE program, a nonprofit organization that seeks to match entrepreneurs with local volunteer mentors.

We have assisted many clients in obtaining business loans. The ASBTDC is a university-based economic development program that assists all types of for-profit businesses, from home-based to high-tech. Receive one-to-one confidential consulting and cutting-edge market research at no charge, or expand your expertise through their affordable educational events. Small Business Administration is located in Little Rock. Each year, the Arkansas District Office helps to provide about $100 million in loans to small businesses.

In Arkansas, all employers with 50 or more full-time employees are required to offer some form of health insurance benefit. Once you have 50 employees, you are considered a large employer. This means that you may face penalties if you do not offer health insurance. All Arkansas business with fewer than 50 full-time employees are not required to provide health benefits to employees at this time.