Women in Business Tip: How to Barter With Other Women-Owned Businesses - Forum.web.com
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Women in Business Tip: How to Barter With Other Women-Owned Businesses

Wouldn’t it be nice if you could afford everything you need to make your business a success? As you well know, that’s not always possible. That’s why so many businesses are turning to bartering exchanges to trade services and products. Small business owners Melissa Monti and Sara A. Baker read about a barter program in New York and decided to found their own barter exchange in California called Lancaster Exchange of Goods and Services (LEGS). If you’d like to barter with other women business owners, you can either search online for a barter exchange or set up a relationship with another business one-on-one. Barter exchanges work by acting as the middleman in return for a fee, and can help you find a large network of businesses to trade with. They also help you handle taxes related to barter by sending you a Form 1099-B showing your barter activity for the year and reporting your barter activity to the IRS. If you’re setting up a barter relationship with another woman-owned business on your own, make sure you check out the tax rules to follow on the IRS website and create a written agreement so you both know what you’re trading and what it’s worth.  

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Rieva Lesonsky

Rieva Lesonsky

Rieva Lesonsky is CEO of GrowBiz Media, a media and custom content company focusing on small business and entrepreneurship. Email Rieva at rieva@smallbizdaily.com, follow her on Google+ and Twitter.com/Rieva, and visit her website, SmallBizDaily.com, to get the scoop on business trends and sign up for Rieva’s free TrendCast reports.
Rieva Lesonsky

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