0-9

CERTIFIED DEVELOPMENT CORPORATION (SBA 504 LOAN PROGRAM)

A private corporation established to provide capital improvement financial assistance to existing businesses whereby the financing is guaranteed by the SBA.

CHAPTER 11 (ELEVEN)

A provision of bankruptcy under which a company that has declared bankruptcy can continue to operate, under protection and supervision of the court, while the company develops a way to pay its debts.

CHAPTER 7 (SEVEN)

A bankruptcy provision that requires a company to liquidate its assets for the benefit of its creditors under supervision of the court.

FILE 13

The waste basket; the trash can.

503 LOAN

See SBA 503 LOAN.

503 LOAN PROGRAM

See SBA 503 LOAN.

504 LOAN

See SBA 504 LOAN.

504 LOAN PROGRAM

See SBA 504 LOAN.

FORM 720

The federal government document used to report manufacturer’s and retailer’s excise taxes.

FORM 1040

The federal government document used to report income tax due for a person. See INDIVIDUAL INCOME TAX RETURN.

FORM 1099

The federal government document used to report income paid (more than $600) to a person or an independent contractor for work done, as opposed to FORM W-2 for reporting wages of employees. See INFORMATIONAL RETURN.

FORM 1120

The federal government document used to report income tax that must be paid by a corporation. Several variations of the form exist for the various corporate structures. See CORPORATE INCOME TAX RETURN.

FORM 1165

The federal government document used to report earnings (INCOME) for a partnership. See INFORMATIONAL RETURN.

FORM K-1

The federal government document used to report the proportionate share of partnership earnings to each person who participates in the partnership. See INFORMATIONAL RETURN.

FORM UCC-1

A FINANCING STATEMENT document required by the Uniform Commercial Code.

FORM W-2

The federal government document used to report the amount of wages paid to an employee during a calendar year.

PUBLICATION #334

A document published by the federal government entitled TAX GUIDE FOR SMALL BUSINESSES that contains useful information needed by small businesses about business-related taxes.

PUBLICATION #583

A document published by the federal government titled INFORMATION FOR BUSINESS TAXPAYERS that contains helpful information for preparing a federal tax return for the U.S. government.

RULE OF 72

A calculation of the approximate number of years required to double an investment at an interest rate. For example, an interest rate compounded at nine percent would double in eight years (72/9 = 8).

SBA 503 LOAN

Long-term fixed asset financing for use in expansion or modernization. Loan requirements: at least 10% equity and a loan up to 90 percent by a federal financing company that includes an SBA guarantee. Similar to SBA 504 LOAN.

SBA 504 LOAN

Long-term fixed asset financing for use in expansion or modernization. Loan requirements: at least 10% equity and a loan up to 90% by a private Certified Development Company backed by an SBA guarantee. Similar to SBA 503 LOAN.

10-K

A disclosure document required by public companies that includes a business description, financial statements and other important management transaction information.

3-5-10 RULE

See ACCELERATED COST RECOVERY SYSTEM.

W-2

See FORM W-2.

 

All definitions were taken from www.small-business-dictionary.org.