Small Business and Self-Employed Business Owners Help Center

A 10 Step Guide to Successful Small Business Management

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Table of Contents

Ten Building Blocks
to Success:
 1. Starting a Business
 2. Financing a business
 3. Company Name
 4. Office Equipment
 5. Hiring
 6. Business Insurance
 7. Advertising
 8. Efficiency
 9. Pension Plans
 10. Succession Plans

 Checklist for Success

 More Useful Advice:

▪Life Insurance

▪Disability Insurance

▪Medical Insurance

▪Long Term Care

▪Travel Insurance

▪Dental Insurance

▪Auto Insurance

        Resources

 Helpful Links Page 1

 Helpful Links Page 2

 Helpful Links Page 3

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 Opportunities

 Virtual Call Center
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 Businesses For Sale

 Sales Leads

 Gifts For Clients

Simple IRA Plan

    A Simple IRA plan is similar to a 401(k) Retirement Plan and is available for businesses with 100 or fewer employees. The contributions are made by BOTH the employee and employer. If an employee does not enroll in the Simple IRA Plan then the employer is not required to make any contributions. The rules are as follows:

    Maximum Employee Contribution:   $10,500 per year if under age 50
                                                           $13,000 per year if age 50 or over.

    Maximum Employer Contribution:    3% of employee's salary up to the amount the employee's
                                                           contribution.

    Vesting:                                           Immediate 100% vesting.

    Eligibility. Employer may exclude:    (1) Anyone who earns less than $5,000 per year.
                                                          (2) Anyone who has NOT earned $5,000 in 3 of the past 5 years. 

    When to use a Simple IRA PLAN: (1) When the employer wants to minimize his contribution to the
                                                                employees pension plan.
                                                          (2) When the employer wants to make more than an IRA
                                                                contribution and less than a SEP contribution for himself.
                                                          (3) When employer wants to eliminate part time and low paid
                                                                employees from the plan.

New This week:

 Jobs, Jobs, Jobs

 Virtual Call
 Center Jobs

 Dental Practices:
 Buy, Sell, Valuation

 Medical Practices:
Buy, Sell, Valuation