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Priyanka Prakash

About the Author

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Priyanka Prakash

Priyanka Prakash is a licensed attorney, and before joining Fit Small Business, she served as in-house counsel at a tech startup. When not writing or editing, you can find Priyanka rollerblading, reading a good mystery, or exploring Brooklyn with her husband and daughter.

Best States to Survive A Recession – Definitive Ranking of All 50 States

By Priyanka Prakash on September 12, 2017 | Data-Driven Reports, Starting a Business

According to US Census Bureau data, the financial crisis of 2008 wiped out over 170,000 small businesses. 2.6 million people lost their jobs during the recession, and the stock market erased $6.9 trillion in wealth. Losses were so severe that recession’s true cost is still unknown. Some experts are predicting that the next big recession…

Send a Square Invoice – Step by Step Guide

By Priyanka Prakash on July 17, 2017 | Retail, Service Industry, Ultimate Guide

Send a Square Invoice - Step by Step Guide

Sending an invoice on is free, and allows your customer to pay immediately using their credit card. You are just charged 2.9% + $.30 for the transaction. In this article, we will walk you through how to send an invoice with Square, which is a great feature for any business that invoices clients or vendors….

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Buy Sell Agreement – Why You Need One, Template, and What to Include

By Priyanka Prakash on July 12, 2017 | Buying and Selling a Business, Real Estate Financing, Ultimate Guide

A buy sell agreement, also known as a buyout agreement, is a contract that provides for the sale of an owner’s share of a business. The sale may be triggered for several reasons, such as the owner’s retirement, bankruptcy, unresolvable conflict with another owner, death, or disability. The buyer may be another owner, employee, or…

Restarting a Business that’s Inactive – What You Need to Know

By Priyanka Prakash on April 13, 2016 | How To, How to Start a Business, Starting a Business

A small business may become inactive in one of two ways. Your business may become legally inactive if you don’t file required forms or if business licenses or permits expire. Alternatively, even if your business is legally active, you may come to a point where you’re not actively promoting your business or generating revenue. At…

Commercial Loan Calculator: Estimate Your Monthly Mortgage Payments

By Priyanka Prakash on April 6, 2016 | Business Loans, Calculators, Financing

commercial loan calculator

Have you purchased or will you be purchasing commercial real estate? Use our Commercial Loan Calculator to estimate your monthly payments. Finding the right loan for commercial real estate purchases is critical. If you’ve been in business for 3+ years, plan on occupying at least 51% of the building, and have a credit score above…

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Commercial Leasehold Improvements: Payments, Financing, and More

By Priyanka Prakash on April 5, 2016 | Real Estate Financing, Real Estate Investing, Ultimate Guide

Commercial Leasehold Improvements

Landlords often offer payment or a discount on rent so that tenants can make necessary commercial leasehold improvements. Rented commercial property may need some work before it’s suitable for your small business. For example, an office business may need cubicles for employees, and a restaurant may need a new kitchen. These are called commercial leasehold…

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Buying a Business: Average Cost by Industry

By Priyanka Prakash on March 23, 2016 | How To, How to Start a Business, Starting a Business

Cost of buying a business

In this article, we’ll share with you the average costs of buying a business, including a breakdown of prices by industry, and give you a brief overview about how to estimate the price of a small business based on its earnings. We will also help you figure out a budget to see what kinds of…

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