Remove Banking Remove Finance Remove Legal
article thumbnail

15 Tips For Starting Your Own Roof and Guttering Business

Construction Marketing

9) Legality and Taxes. 10) Business bank account and credit card. A separate bank account will make management easier, and it will help protect your personal assets. Plus, establishing your business credit will make financing your business easier. . For a sole proprietorship business, you can’t use your name.

Insurance 295
article thumbnail

The Impact of ASC 842 – The New Lease Standard Is Here

Construction Business Owner

The contractor’s focus should be on the impact the lease standard will have on the company, specifically bank and surety considerations, and the specific attributes such as embedded leases, related party leases, consolidation (when there is a variable interest entity), and how to apply the standard to these situations. Accounting & Finance.

Leases 177
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Business Owner Blogs

Construction Business Owner

Accounting & Finance. Bank lines of credit are lifelines for many contractors, yet convincing a bank to provide or renegotiate a line of credit is not easy. Building your case beforehand can certainly help and makes you look better in the eyes of the bank. Crunch the numbers – Banks like proactive business owners.

Banking 120
article thumbnail

You Risk Paying Twice When Sub-Contractors Don’t Pay Their Bills

Wolgast Corporation

On top of that, that they expect you, the owner, to guarantee to the Bank and the Title Company that the project will be lien-free during construction. These types of requests are common place in today’s world when an owner finances the construction of a building.

Lien 114
article thumbnail

Equipment Financing Means Flexible Solutions For Business Needs

Buisness Facilities Contributed Content

Sutton, CAE, President and CEO of the Equipment Leasing and Finance Association. That’s why it has never been more important for startups and small businesses to understand their options for financing the equipment needed to operate and grow their businesses. By William G. Key Benefits for Unique Business Needs.

Finance 63
article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

You must secure financing for the project. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs. The developer may also be responsible for arranging to finance the project, which can consist of a combination of equity and debt.

article thumbnail

Construction Project Financing Regulations: Key Considerations

Building Radar

Financing is a critical component of construction projects, influencing everything from project scope to execution. Understanding the regulations surrounding construction project financing is essential for developers, contractors, and stakeholders. Financing options may include loans, equity financing, and government grants.

Finance 52