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M4 L3 Terms

AB
Small Business Administration (SBA)Promotes small business development, helps to secure government contracts.
Service Corps of Retired Executives (SCORE)Volunteer organization where retired businessmen share their business experience.
Small Business Institute (SBI)Free counseling services provided by student teams at colleges.
United States Department of CommerceProvides statistics for businesses and research and support for scientific, engineering, and technological development. Also issues patents and trademarks.
Federal Trade Commission (FTC)Ensures that business practices in the US are fair. Monitors pricing, competition, credit, and export trade.
Internal Revenue Service (IRS)Issues federal taxpayer identification numbers, provides publications explaining tax laws, and assists with tax-related questions.
Small Business Development Center (SBDC)Centers providing counseling and management assistance to businesses are funded by the federal and state governments and are usually located in colleges and universities.
Department of Development (DOD).State agency administers federal community development programs.
Workers’ Compensation BoardRequires that all business owners provide insurance that gives employees or their survivors benefits in the event of work-related injuries or deaths.
The State Department of Agriculture and Consumer Protection DivisionState agency that issues permits for businesses involved in the processing, handling, storage, or distribution of food products. and public-interest businesses such as day care centers, schools, financial institutions, and employment agencies.
The State Sales and Use Tax DivisionState agency that issues identification numbers to retail businesses that collect and remit sales taxes. Provides instructions for collecting, reporting, and remitting sales taxes to the state.
The State Department of Labor.This agency provides businesses with information regarding employer responsibilities in relation to unemployment insurance
The Office of the Secretary of StateState office that provides general business information in addition to information and forms used for incorporation to register state trademarks and business names.
Chambers of CommerceLocal organizations whose goal is to stimulate local economic growth and provide information about the local economy, business trends, and business needs of the community.
Colleges, universities, and technical schoolsEducational institutions that offer educational training and research support.
Licensing and Permit OfficesLocal offices that offer assistance and support when obtaining business licenses.
County Health DepartmentLocal departments that provide information on local health and safety regulations.
County Extension ServicesLocal agencies are good resources for agricultural businesses.


NCVPS

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