Remove Cash Flow Remove Information Remove Insurance Remove Lien
article thumbnail

A Cash Flow Guide for Architects

Levelset

However, like any other business, you need to maintain positive cash flow or you may find yourself unable to pay your workers and other expenses. Let’s take a look at the basics of cash flow and how architects can budget their expenses and forecast their income to stay in good financial standing. Cash flow basics.

article thumbnail

KPIs for Architects: 3 Performance Indicators to Watch

Levelset

Let’s say the total cost of all business expenses is $150,000 (including salary, benefits, licenses, rent, insurance, etc.). Related: An architecture firm’s guide to cash flow. Design firms can ensure that they get paid by taking advantage of their right to file a mechanics lien in the states where it’s allowed.

professionals

Sign Up for our Newsletter

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

article thumbnail

Unique Tips To Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Employees - Bring lots of flexibility and responsibility. Or The Hard Way.

article thumbnail

Contractor's Secretary Does Everything Including Bookkeeping!

Contractor Bookkeeping

Sending the Notice to Owner of Intent To Lien to protect my financial interests. Enter new employee contact information, W-4, wage rates, tax rates and garnishments. Chase down employee time cards and ask for missing job cost information. Process payroll and include reimbursements, health insurance, loans and garnishments.

article thumbnail

New Contractor Business Start Up

Contractor Bookkeeping

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Employees - Bring lots of flexibility and responsibility.

article thumbnail

We Reduce Construction Company Start Up Stress

Contractor Bookkeeping

Insurance - Is critical to your construction company. General Liability and Auto/rental equipment insurance can help protect you and your company against claims for personal injury and property damage, and may provide you with legal defense of those claims. Understand When A Transaction Is Income - And when it is not income.

article thumbnail

How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Start right by registering, licensing, and insuring your business. Get the proper license and insurance according to your state’s requirements. Keep the cash flowing as smoothly as your paint.