Mericle RN Staffing LLC offers an Extraordinary Independent Nurse Contractor Business start up manual. A complete informative packet with everything needed to secure employment and start your own business. Includes all business aspects and issues related to finance, taxes, advertising and marketing needed to thrive in the healthcare industry as an Independent Nurse Contractor .Mericle RN Staffing LLC will add a brighter future to your nursing career. Nurses can enjoy the many advantages of the Independent Nurse. Cut out the " middle man" and get the financial freedom that you deserve. Why do you need a per diem agency or travel company? You do the work so get the pay! Independent Nurse Contractor is fast becoming the number one Nursing Career Choice. Enjoy Increased income, Increased choices as to how often, when and where you work, increased Professional Autonomy and best of all Increased Job satisfaction. Visit http://www.independentrncontractor.com

Business Terminology

Business terminology

In the United States, Mexico, and Canada, the North American Industry Classification System (NAICS) provides an official industry classification system with numeric codes. These codes provide a method to collect data and to identify companies for state and federal regulation and taxation. The proper industry classification for nurse staffing agencies is a temporary help service. Proper classification is important to your business’ future.
Business legal structure
The legal structure for a temporary help service is usually a corporation affording the most tax deductions and liability protection. The corporation is an independent legal entity separate from its owners. The owner is not liable for the debts or judgments incurred by the corporation, and personal assets are not at risk.

Little known facts
Nurses working for temporary help services are usually designated as employees. Some agencies hire independent contractors. The agency, the healthcare facilities, the nurse, or the contract between the nurse and the agency are not the final word on worker status for tax purposes; the IRS has the final word on worker status for tax purposes. You may be responsible for back employee taxes and penalties if the IRS determines that the nurse (worker) is employee status and not independent contractor status.
Certification is available through JACHO and is optional.
Retrieved from http://www.nnba.net/facts-nursing-agency.htm on October 28 2008

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Writing a business plan

Writing a full business plan is a ton of work no doubt. If you are a student it could take 6 months or more to make a full plan. If you aren't seeking funding or don't want to create that full on business plan then what options do you have? I still think you should create a plan, just because it will be incredibly beneficial for your business, but there is a shortened business plan that you can create that will give insights into the industry and business you are looking to run without the time investment of a full plan. This shortened plan is known by many as a preliminary venture analysis. (called a PVA for short) A PVA give you the info needed to create a fairly quick decision on whether or not your business is feasible or if you have a smaller decision that needs to be made such as whether or not a new product line should be launched. A PVA is most comparable to the executive summary part of a full business plan. The big difference between the two is that to make a PVA you will spend a lot less time gathering information and researching. This means it will not have the same depth as an executive summary.

A PVA is quite useful to show to various organizations and to circulate around. It is sort of like a paper version of the Elevator pitch and there are several companies you can send PVA's too that review and circulate them so that you can hopefully find angel investors around the country. For business plan competitions with the right PVA's you can show them off to receive reviews or even funding if its good enough. By making a mini business plan you are saving yourself the time and effort needed to make a full on business plan but still have something concrete and real to show.

Want more information about starting and running a business? If the answer is yes than you need to check out our website at http://startyourowncompany.theinformationexperts.com It will show you how to run your own great company and be your own boss.

Retrieved from Article Source: http://EzineArticles.com/?expert=Jeff_Hendrix on 05/02/08

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Distinguishing Between Self-Employed Individuals and Independent Contractors

Self-Employed

You are self-employed if any of the following apply to you:

• You carry on a trade or business as a sole proprietor;
• You are a member of a partnership or limited liability company that files a Form 1065, U.S. Return of Partnership, that carries on a trade or business; or
• You are otherwise in business for yourself.

You are also self-employed if you have a part-time business, in addition to your regular job.

Independent Contractor

The general rule is that an individual is an independent contractor if (the person for whom the services are performed) has the right to control or direct only the result of the work, and not what will be done and how it will be done or method of accomplishing the result.

People such as lawyers, contractors, subcontractors, public stenographers, and auctioneers who follow an independent trade, business, or profession in which they offer their services to the public, are generally not employees. However, whether such people are employees or independent contractors depends on the facts in each case. The earnings of a person who is working as an independent contractor are subject to Self-Employment (SE) tax.

References/Related Topics

• Worker Classification Webcast
  A critical issue for all businesses is properly classifying workers as employees or independent contractors. The IRS’s archived Tax Talk Today Webcast, “What’s Hot in Employment Taxes: Independent Contractor or Employee?”, focuses exclusively on worker classification issues.
• Refer to Independent Contractors vs. Employees for helpful information in determining your status as an employee or an independent contractor.
• Self-Employed Individuals

Information copied from :

http://www.irs.gov/businesses/small/article/0,,id=115041,00.html Visit for more information

Make Each Day Count

A man was examined at a hospital and was awaiting the results. The doctor comes in and says, "I have bad news. You're going to die in 10." The panic-striken man says, "10 what? Years? Months? Weeks?" The doctor says, "9 - 8 - 7 - 6...."

Finance Start Up

The U.S. Small Business Administration (SBA) is an independent Agency of the Executive Branch of the Federal Government. It is charged with the responsibility of providing four primary areas of assistance to American Small Business. These are: Advocacy, Management, Procurement, and Financial Assistance. Financial Assistance is delivered primarily through SBA’s Investment programs, Business Loan Programs, Disaster Loan Programs, and Bonding for Contractors.SBA’s Business Loan Programs
SBA administers three separate, but equally important loan programs. SBA sets the guidelines for the loans while SBA’s partners (Lenders, Community Development Organizations, and Microlending Institutions) make the loans to small businesses. SBA backs those loans with a guaranty that will eliminate some of the risk to the lending partners. The Agency's Loan guaranty requirements and practices can change however as the Government alters its fiscal policy and priorities to meet current economic conditions. Therefore, past policy cannot always be relied upon when seeking assistance in today's market.Federal appropriations are available to the SBA to provide guarantees on loans structured under the Agency's requirements. With a loan guaranty, the actual funds are provided by independent lenders who receive the full faith and credit backing of the Federal Government on a portion of the loan they make to small business.The loan guaranty which SBA provides transfers the risk of borrower non-payment, up to the amount of the guaranty, from the lender to SBA. Therefore, when a business applies for an SBA Loan, they are actually applying for a commercial loan, structured according to SBA requirements, which receives an SBA guaranty.In a variation of this concept, community development organizations can get the Government's full backing on their loan to finance a portion of the overall financing needs of an applicant small business.SBA’s Investment Programs
In 1958 Congress created The Small Business Investment Company (SBIC) program. SBICs, licensed by the Small Business Administration, are privately owned and managed investment firms. They are participants in a vital partnership between government and the private sector economy. With their own capital and with funds borrowed at favorable rates through the Federal Government, SBICs provide venture capital to small independent businesses, both new and already established.All SBICs are profit-motivated businesses. A major incentive for SBICs to invest in small businesses is the chance to share in the success of the small business if it grows and prospers.SBA’s Bonding Programs
The Surety Bond Guarantee (SBG) Program was developed to provide small and minority contractors with contracting opportunities for which they would not otherwise bid. The U.S. Small Business Administration (SBA) can guarantee bonds for contracts up to $2 million, covering bid, performance and payment bonds for small and emerging contractors who cannot obtain surety bonds through regular commercial channels.SBA's guarantee gives sureties an incentive to provide bonding for eligible contractors, and thereby strengthens a contractor's ability to obtain bonding and greater access to contracting opportunities. A surety guarantee, an agreement between a surety and the SBA, provides that SBA will assume a predetermined percentage of loss in the event the contractor should breach the terms of the contract
Finance Start up http://www.sba.gov/smallbusinessplanner/start/financestartup/SERV_SBAROLE.html

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