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January 23, 2020, 9:00 AM - 12:00 PM
Build Capacity to Accelerate from Sub to Prime; Learn to build profitability and sustainability to win more State of Maryland contracts in Small Business Reserve Program (SBR), Small Business Preference Program, Minority Business Enterprise (MBE) Program, and Veteran-Owned Small Businesses Program; Accelerate the conversion of State opportunities;Increase profits by obtaining profitable contracts; Identify specific targets for the next 12 months; Understand what the State of Maryland buys, what the State of Maryland is not buying, and how does the State of Maryland buy; Obtain resources on new State of Maryland contract law, State of Maryland acquisition process, writing proposals, etc; Secure the necessary financing and bonding to grow
January 23, 2020, 6:00 PM - 8:30 PM @ College of Southern Maryland LaPlata Campus
Examine the legal challenges each business faces and develop the basis for making informed business decisions to ensure compliance. Consider the various forms of business organization and determine which one is best for your business. Know your rights and liabilities under the law and how to limit risk. Make sure business records meet IRS, state, and other requirements. Understand basic financial statements, profit and loss statements, balance sheets, and other accounting documents and terminology. Develop a tax reduction strategy to support profit development. Know the payment schedules for payroll and sales tax and other applicable business taxes. An attorney will cover the legal issues and answer specific questions. An Accountant will present the tax and accounting information and answer specific questions.