Contractor MoneyWork$

Contractor MoneyWorks is a five-month seminar program that improves the financial literacy and capacity of small businesses to compete in the public sector. Developing and honing practical skills, such as managing cash flow, improving credit worthiness, complying with state and federal tax requirements, optimizing business structure and preparing financial statements better positions small contractors for growth and to qualify for capital and bonding.

• Contractor MoneyWorks Brochure
  
• Contractor MoneyWorks Enrollment Application

Building your business is our investment

Whether your small business is new or established, the Contractor MoneyWork$ program can help you maximize its potential through basic business-building financial skills. The five business-building seminars include:

• Cash Flow Management: Managing cash flow and keeping accurate records are crucial to the success of any business. Acquire the tools necessary to determine the costs and profits of operating your small business, including the importance of recordkeeping, its link to cash flow projections, maintaining cash reserves and positive cash flow planning.
• Credit Clean-Up: A good credit rating is essential for obtaining bonding and capital. Learn how credit information affects your business' ability to qualify for bonding, how to improve your credit rating and how to resolve negative credit information. Become familiar with your rights under the "Fair Credit Reporting Act" and learn how to obtain your credit information free of charge.
• State & Federal Tax Guidelines: State and Federal Tax requirements can be complex and confusing. Avoid common tax problems by learning about tax requirements, tax schedules, and resolution of tax liens.
• Legal Business Structure: Business organization is critical to protecting your personal and business assets. Learn about legal business structures and the unique advantages and disadvantages of each business model: corporations, limited liability companies (LLC), partnerships and sole proprietorships.
• Financial Statements: Knowledge of financial and income statements are essential to obtaining a small business loan. Learn how balance sheets, income statements, accounts receivables, inventory, assets, net worth and notes payables are used to navigate your business to generate higher profits and avoid losses.

Promissory Commitment

Contractors enrolled in the program must attend and actively participate in the five (5) seminars in order to graduate from the Contractor MoneyWorks. Each seminar is approximately two hours in the evening, one seminar per month. There is no cost to enroll in the program, however, there is a significant investment of time that is required of each contractor to attain the greatest benefit from the program.

Further Information:
Contact: Kimberly Frelow
Phone: 213-241-4973
Fax: 213-241-6845
E-Mail: kimberly.frelow@lausd.net