Your Questions About Business Online Services

Mary asks…
What legal information do I need for my startup business?
I am starting an online service to match those in need of residential services with the contractors who actually do the work. The service is free for the homeowners in need of service, and the leads that go to the contractors are charged at 5-10 dollars per lead. The website consist of a form where the user enters personal information about their home and their project requirements. I do have an SSL certificate in place on my server to protect peoples’ personal information.
What legal documentation is necessary for a business like the one described above?

Jere answers:
You will need to file with your state to collect sales tax on in-state sales and get a “doing business as” certificate. If you want to incorporate you will have to take care of that, but it is not necessary or important right now.

Sandra asks…
How much equity do I give up to investors in my start-up?
I am starting an online business (services website) that requires an investment of 130,000. I am the guy who came up with the idea and who’ll be the first CEO for the company (I will get a salary for this). I have 3 interested investors, and their contributions will add up to the US$ 130,000. We are negotiating what percentage of the business they’ll have. How much should I give them? How much should I keep? I am asking for 38% for my contribution and 62% goes to them. Am I right?

Jere answers:
By doing that you automatically give up control of the company since they own 62% of it, meaning they can fire you anytime they want. Be careful here, there are several books available for people starting their own companies, I would consult one before giving away this much equity in your new company.

Chris asks…
Question about postage for businesses could you help?
Hi there,
Our business is an online buyback service and we are sorting out a few things we have to do regarding our postage.
We want our customers to be able to send us their books in return for cash, so we will be sending them a letter which includes a mail bag for them to post their books to us.
What do we need to do to ensure that we pay the postage on the books beforehand, rather than our customers paying for the postage? We want this to be a free part of the service.
Any help you can provide would be great.
Many thanks!

Jere answers:
CT.postmaster in your city post office he will guide you.

William asks…
Online Lead Generation is this more effective than telemarketing?
Telemarketing is one way of getting leads for my business. Are Online Lead Generation Service more effective and efficient?

Jere answers:
There are some really great tools online to help people find your website and convert them into customers. Hubspot has a great track record and plenty of good tools to get you started. In my opinion, it’s a better use of your time to create the tools to bring people to you rather than you calling and taking people through a process that can be automated. Cheers.

Helen asks…
What is the best online payment service for a middleman?
I want to start a middleman service and I’ll have to deal with money(online). What service is the cheapest to use. I will need to hold the money from client B(buyer) until I can validate the items of client A(seller) and then I release the money to client A. My business is not US based and I will work with people from all around the world. What is the service for online money transfer with lowest or no fees involved for cross-country payments?
Thank you

Jere answers:
Alertpay is a great site…Check it out
https://www.alertpay.com/?63vmGZovUIKik%2bOljd8gkQ%3d%3d
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