How to Start a Rice Dealership Business

New business ideasRice is an important primary staple food in many Asian countries especially in the Philippines. Indicating the high demand for this commodity, planning to put up a rice dealership business in your area is a wise choice. There is already an assurance that this business will succeed because buyers are already there. Of course, in any kind of business, conducting a feasibility study is always a crucial step to take. This will assess the economic viability of your proposed business.

Here are some important questions to consider before plunging into this kind of business.

1. Do you have enough capital or budget for your rice dealership business? With at least P60,000 to P100,000 as a starting capital.

2. Do you want to operate as sole proprietorship or corporation? Business registration guide here.

3. Do you have a big and safe storage room for the sacks of rice that will be delivered to you?

4. Do you have a good location for your rice dealership business? Research the area of your target market, the flow of traffic and their buying habits.

5. Do you have lists of rice suppliers in your area? Make sure you have a lists of several suppliers and make a good relationship with them.

6. Do you have necessary equipments like calibrated weighing scales, rice sacks etc., and a service delivery (optional).

7. What varieties of rice do you intend to sell? Make sure to have several varieties of rice, so that your customers will have several options.

8. How will you market your business? This is also an important aspect especially you are new in this kind of business. Make a good marketing strategy and make your business known to your customers. Make a good deal with restaurant owners, hotels, resorts and small carenderias in your place to be their rice supplier.

Here are Some NFA Rice Dealership FAQ

Q: Who are required to secure license from NFA?

A: All persons, natural or juridical, that are engaging or intending to engage in the rice and/or corn business whether commercial or NFA rice/corn.

A: Before the start in any of the business activity enumerated above, the proprietor or operator should first secure a license from NFA. For those already license, businessmen should renew their annual license on any day within their scheduled month allotted by the NFA

A: Application may be filed at the NFA office that has jurisdiction over the location of the principal business of the applicant.

Q: In case we have more than one (1) store/establishment for Rice/Corn business, should all be licensed?

A: Yes, owner/operator should file a license for all outlets at the NFA office where his principal place of business is located. Additional outlets are treated as branches.

A: For new applicants, follow these procedures:

secure application form from the licensing officer upon payment of application fee;

accomplish and file application with complete requirements to the licensing officer who in turn checks the documents and determines corresponding license fee;

pay license fee to the cashier and get copy of official receipt;

prepare the facilities/equipment requirements for inspection by NFA Investigators;

after inspection of establishments, present notice of inspection to licensing officer, official receipt and proof of compliance with deficiencies, if any;

licensing officer issues license if application is found to be in order;

applicants display license in their establishments.

Procedures for renewal applicants:

secure application from licensing officer upon payment of application fee;

accomplish and file application with complete requirements together with previous year s license to the licensing officer;

licensing officer checks completeness of requirements and determines license fee to be paid;

pay license fee to the cashier and present the official receipt to licensing officer;

licensing officer issues renewal sticker and stick it to appropriate portion of the license if application is found to be in order;

applicants display licensing conspicuous place in their establishments.

Q: For New Applicants, how long do we have to wait for the Approval of our License Application?

A: The establishments and facility requirements of new applicants are inspected by NFA Investigators within 20 working days after the filling of their applications. Those inspected are given inspection notices stating the date when they can return to the NFA to show compliance with any deficiency, if any. Otherwise, their notices state the date they can get their license. In all these cases, it should not exceed 20 working days after inspection.

A: Application fee is P50.00 for a single line activity and P100.00 for two activities or more. License fees depend upon capacity of the post harvest equipment used.

A: Documentary and facility requirements depend upon the business activity.

Q: Does the NFA requires only Licensing on Rice/Corn Business Activities?

A: The NFA also require the registration of the following facilities aside from the license on the activities mentioned earlier list.

motor vehicles used or intended to be used in transport/hauling of palay/ rice/corn whether for exclusive use or for hire except public utility vehicles franchised by proper government agencies not principally used for transporting rice/palay/corn;

warehouses,threshers and sellers for own produce;

mechanical dryers for owner s/operators exclusive use;

packaging machines for owner s/operators exclusive use;

institutions/establishments securing their rice/corn requirements from the NFA;

poultry and hog raisers securing byproducts from the NFA;

manufacturers/importers/dealers and distributors of rice/corn post-harvest facilities;

non-operating mills and other post-harvest facilities. In this case, registration is done only once.

Registration is done at the office of the NFA that has jurisdiction over the location of the principal business of the applicant.

Registration fees see separate from that of the license fees.

Q: In the event that I discontinue my business, what should I do with my License/Registration Certificate?

A: Surrender your license/registration certificate to the NFA office that issued it together with a written notice of discontinuance.

Otherwise, in case you reapply, you would be charged with the fees for the entire period that you have not applied for renewal.

Q: What do you mean by Bonded Activities?

A: Bonded activities mean third party stocks are deposited in your facilities, for storage, milling, threshing, corn shelling or mechanical drying. Operators/owners of facilities accepting third party stocks are required to post a bond as well as fire insurance to safeguard the stocks of the third party.



How to Start a Rice Dealership Business

New business ideasRice is an important primary staple food in many Asian countries especially in the Philippines. Indicating the high demand for this commodity, planning to put up a rice dealership business in your area is a wise choice. There is already an assurance that this business will succeed because buyers are already there. Of course, in any kind of business, conducting a feasibility study is always a crucial step to take. This will assess the economic viability of your proposed business.

Here are some important questions to consider before plunging into this kind of business.

1. Do you have enough capital or budget for your rice dealership business? With at least P60,000 to P100,000 as a starting capital.

2. Do you want to operate as sole proprietorship or corporation? Business registration guide here.

3. Do you have a big and safe storage room for the sacks of rice that will be delivered to you?

4. Do you have a good location for your rice dealership business? Research the area of your target market, the flow of traffic and their buying habits.

5. Do you have lists of rice suppliers in your area? Make sure you have a lists of several suppliers and make a good relationship with them.

6. Do you have necessary equipments like calibrated weighing scales, rice sacks etc., and a service delivery (optional).

7. What varieties of rice do you intend to sell? Make sure to have several varieties of rice, so that your customers will have several options.

8. How will you market your business? This is also an important aspect especially you are new in this kind of business. Make a good marketing strategy and make your business known to your customers. Make a good deal with restaurant owners, hotels, resorts and small carenderias in your place to be their rice supplier.

Here are Some NFA Rice Dealership FAQ

Q: Who are required to secure license from NFA?

A: All persons, natural or juridical, that are engaging or intending to engage in the rice and/or corn business whether commercial or NFA rice/corn.

A: Before the start in any of the business activity enumerated above, the proprietor or operator should first secure a license from NFA. For those already license, businessmen should renew their annual license on any day within their scheduled month allotted by the NFA

A: Application may be filed at the NFA office that has jurisdiction over the location of the principal business of the applicant.

Q: In case we have more than one (1) store/establishment for Rice/Corn business, should all be licensed?

A: Yes, owner/operator should file a license for all outlets at the NFA office where his principal place of business is located. Additional outlets are treated as branches.

A: For new applicants, follow these procedures:

secure application form from the licensing officer upon payment of application fee;

accomplish and file application with complete requirements to the licensing officer who in turn checks the documents and determines corresponding license fee;

pay license fee to the cashier and get copy of official receipt;

prepare the facilities/equipment requirements for inspection by NFA Investigators;

after inspection of establishments, present notice of inspection to licensing officer, official receipt and proof of compliance with deficiencies, if any;

licensing officer issues license if application is found to be in order;

applicants display license in their establishments.

Procedures for renewal applicants:

secure application from licensing officer upon payment of application fee;

accomplish and file application with complete requirements together with previous year s license to the licensing officer;

licensing officer checks completeness of requirements and determines license fee to be paid;

pay license fee to the cashier and present the official receipt to licensing officer;

licensing officer issues renewal sticker and stick it to appropriate portion of the license if application is found to be in order;

applicants display licensing conspicuous place in their establishments.

Q: For New Applicants, how long do we have to wait for the Approval of our License Application?

A: The establishments and facility requirements of new applicants are inspected by NFA Investigators within 20 working days after the filling of their applications. Those inspected are given inspection notices stating the date when they can return to the NFA to show compliance with any deficiency, if any. Otherwise, their notices state the date they can get their license. In all these cases, it should not exceed 20 working days after inspection.

A: Application fee is P50.00 for a single line activity and P100.00 for two activities or more. License fees depend upon capacity of the post harvest equipment used.

A: Documentary and facility requirements depend upon the business activity.

Q: Does the NFA requires only Licensing on Rice/Corn Business Activities?

A: The NFA also require the registration of the following facilities aside from the license on the activities mentioned earlier list.

motor vehicles used or intended to be used in transport/hauling of palay/ rice/corn whether for exclusive use or for hire except public utility vehicles franchised by proper government agencies not principally used for transporting rice/palay/corn;

warehouses,threshers and sellers for own produce;

mechanical dryers for owner s/operators exclusive use;

packaging machines for owner s/operators exclusive use;

institutions/establishments securing their rice/corn requirements from the NFA;

poultry and hog raisers securing byproducts from the NFA;

manufacturers/importers/dealers and distributors of rice/corn post-harvest facilities;

non-operating mills and other post-harvest facilities. In this case, registration is done only once.

Registration is done at the office of the NFA that has jurisdiction over the location of the principal business of the applicant.

Registration fees see separate from that of the license fees.

Q: In the event that I discontinue my business, what should I do with my License/Registration Certificate?

A: Surrender your license/registration certificate to the NFA office that issued it together with a written notice of discontinuance.

Otherwise, in case you reapply, you would be charged with the fees for the entire period that you have not applied for renewal.

Q: What do you mean by Bonded Activities?

A: Bonded activities mean third party stocks are deposited in your facilities, for storage, milling, threshing, corn shelling or mechanical drying. Operators/owners of facilities accepting third party stocks are required to post a bond as well as fire insurance to safeguard the stocks of the third party.



new business idea

Access over 8,500 professional articles and 500 full length training videos from the industry’s top educators.

Conferences

Experience world class education by attending one of our three live conferences.

CEC Courses

Take an online CEC/CEU course anytime, anywhere.

IDEA FitnessConnect

Join the largest fitness professional directory, with more than 250,000 fitness professionals and 8 million searches.

New business idea

IDEA PERSONAL TRAINER INSTITUTE

Personal trainers, fitness professionals, owners and managers: Learn what it takes to truly take your business and training skills to the new heights with cutting-edge information on topics including fitness assessment, program design, social media marketing and staff management.

March 1-4, 2018, Alexandria, VA

April 4-8, Dallas, TX New Location!

New business idea

100+ Sessions

Choose from an array of insightful lectures, hands-on workshops and challenging workshops!

New business idea

50+ Experts

Learn from the industry’s best and brightest to stay ahead of the competition and build a financially rewarding, world-class business.

New business idea

20+ CECs

Recertify in just 1 weekend. Plus, earn up to 6 additional CECs with preconference sessions.

New business idea

MARKETPLACE

Check out the newest trends and products from industry-leading brands offered at special conference pricing.

Featured On

New business idea

New business idea

New business idea

New business idea

New business idea

New business idea

New business idea

New business idea

New business idea

New business idea

New business idea

New business idea

Who We Are

The IDEA team is filled with happy and healthy people accomplishing amazing things, so we make sure that the company culture reflects those awesome personalities and is centered around exercise, good nutrition and mindfulness. With daily fitness classes at the office, healthy snacks, standup workstations, massages and more, our wellness community is all about fun, fitness, support and positivity. Come visit us and check it out. We love to share!



Tax Information For Businesses

Small Business and Self-Employed Tax Center

Access to tax information useful to small businesses with assets of $10 million or less.

Large Business and International Tax Center

This page provides links which are helpful for large to mid-size businesses with assets greater than $10 million

LB I Compliance Campaigns

LB I launches Compliance Campaigns. Campaigns will ensure that resources are used efficiently and effectively to improve taxpayer compliance. LB I’s goal is to improve return selection, identify issues representing the risk of non-compliance, and make the greatest use of limited resources.

Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) provides an incentive to hire individuals from targeted groups. The legislative changes under the Tax Increase Prevention Act of 2014, retroactively allow taxable employers to claim the WOTC for all of the targeted group employee categories listed on Form 5884, if they began work after Dec. 31, 2013, and before Jan. 1, 2015.

Effect of Sequestration on the Alternative Minimum Tax Credit for Corporations

The Balanced Budget and Emergency Deficit Reduction Act of 1985, as amended, requires certain spending cuts during Fiscal Year 2017 due to the sequester triggered earlier this year.

Self-Employed Individuals Tax Center

The basics on your tax responsibilities if you are self-employed or an independent contractor.

IRS Video Portal

The IRS Video portal contains video and audio presentations on topics of interest to small businesses, individuals and tax professionals. You will find video clips of tax topics, and archived versions of live panel discussions and webinars.

Employment Taxes

Federal income tax, Social Security and Medicare taxes, FUTA, self-employment tax and more.

Disaster Assistance and Emergency Relief for Individuals and Businesses

Special tax law provisions may help taxpayers and businesses recover financially from a disaster.

Small Business Forms and Publications

Download multiple small business and self-employed forms and publications.

e-file for Large Business and International (LB I)

Certain large business and International (LB I) corporations are required to electronically file their Forms 1120 and 1120S. Other corporations may do so voluntarily. This site provides e-file information for corporations that prepare and transmit their own electronic corporate income tax returns and those that use the services of third party tax professionals.

Employer ID Numbers

Find out more on EINs or apply for one online.

Employee Tool Equipment Plans

The Internal Revenue Service has established a compliance team to address the marketing and mistreatment of employee tool and equipment plans as tax-favored accountable plans.

Deducting Business Expenses

Find out what qualifies as a deductible business expense, including depreciation.

IRS Tax Calendar for Businesses and Self-Employed

The tax calendar is available for downloading and printing, or you can view it online.

EFTPS: The Electronic Federal Tax Payment System

Electronic Federal Tax Payment System (EFTPS). Free from the US Treasury.

Form 2290 e-file

Approved 2290 e-file providers.

U.S. Citizens and Resident Aliens Abroad

This section covers tax topics for U.S. citizens or resident aliens living overseas.

Excise Tax

Information about the various programs, databases, and activities within Excise Tax.

Industry Issue Resolution Program

The Industry Issue Resolution (IIR) Program resolves frequently disputed or burdensome tax issues. IRS solicits suggestions for issues for the program from taxpayers, representatives and associations.

Estate and Gift Taxes

General information on when these taxes apply and when they do not.

Filing Past Due Tax Returns

Understand how to file past due returns.

Information Returns Processing

The Information Reporting Program Website is designed to help you meet your Information Reporting Requirements. Included are help-line telephone numbers and direct links to aid you in reporting information returns. You will also find information about how to file returns electronically or magnetically.

LB I Directives

LB I Directives provide industry-related and administrative guidance to LB I examiners to ensure consistent tax administration. The Directives do not establish Service position on legal issues and are not legal guidance.

Online Ordering for Information Returns and Employer Returns

Order information returns and employer returns online.

Manufacturers’ Energy Efficient Appliance Credit

Act Section 305 – Modifications of Energy Efficient Appliance Credit for Appliances Produced After 2007

Audit Techniques Guides (ATGs)

These guides contain examination techniques to assist examiners in performing examinations.

Plug-In Electric Drive Vehicle Credit (IRC 30D)

Plug-In Electric Drive Vehicle Credit (IRC 30D) – Internal Revenue Code Section 30D provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks.

Your Guide to an IRS Small Business Audit

Video series shows small business owners steps of an audit and answers questions about the process

Income from Abroad is Taxable

There have been recent reports about the interest of the Internal Revenue Service (IRS) in taxpayers with bank accounts in Liechtenstein. The IRS’ interest, however, extends beyond bank accounts in Liechtenstein to financial accounts anywhere in the world. The IRS reminds you to report your worldwide income on your U.S. tax return and lists the possible consequences of hiding income overseas.

Quality Examination Process

The Quality Examination Process (QEP) is a systematic approach for engaging and involving Large Business and International (LB I) taxpayers in the tax examination process, from the earliest planning stages through resolution of all issues and completion of the case.

Market Segment Understandings (MSU)

The IRS and taxpayers in particular market segments, work together to improve tax compliance.

Railroad Retirement Tax Act (RRTA) Desk Guide (January 2009)

This Desk Reference Guide is intended as a resource tool to assist Revenue Agents who are assigned the examination of a railroad employer. The Guide was prepared presuming that the reader has already received employment tax training.

Federal Payment Levy Program

Certain federal payments (OPM, SSA, federal employee salaries, and federal employee travel) disbursed by the Department of the Treasury, Bureau of Fiscal Service (BFS) may be subject to a 15 percent levy through the Federal Payment Levy Program (FPLP) to pay your delinquent tax debt. Find out your appeal rights and how to resolve any dispute.

Research Credit

Guidelines and audit technique guide are provided for field examiners on the examination of Research Credit cases.

The International Tax Gap

Find resources on this page pertaining to the international tax gap — the difference between the amount of tax that taxpayers should pay and the amount that is paid voluntarily and on time. The tax gap can also be thought of as the sum of non-compliance with the tax law.

Uncertain Tax Positions – Schedule UTP

IRS finalized Schedule UTP instructions for reporting uncertain tax positions by certain corporations.

IRS Non-Retaliation Policy

IRS has a zero-tolerance policy for retaliation and has had one in place since 1998.

Educating Your Employees About Tax Compliance

These products may help employees with their tax responsibilities.



new business grants

New business grants

New business grants

Receive $50,000 in Free Government Grants

Get Your Share Today – Immediate Online Access!

New business grants

SPECIAL REPORT: Thousands of ordinary people receive FREE Government Grants and Money every day. So can you!

Get Your Share Today. Join For Immediate Online Access!

Welcome to GrantsMall.com. Most of us dream about getting enough money to erase all our financial worries, buy that special dream house, secure a new car, take a luxurious trip, pay for college and much more.

Many of us don’t realize that the U.S. Government and literally thousands of private foundations will distribute over $30,000,000,000 (yes, that’s $30 Billion) each year to individuals and small business for any reasonable need.

This Free Grant Money requires no credit check, collateral, security deposits or co-signers, you can apply even if you have a bankruptcy or bad credit, it doesn’t matter, you as a tax payer and U.S. citizen are entitled to this money.

You decide how much money you need, as long as it’s a lawful amount and meets with the Government Agencies criteria. This money is non taxable & interest free and is yours to keep and never has to be repaid!

Most people never apply for FREE GRANTS because they somehow feel it isn’t for them, feel there’s too much red-tape, or simply don’t know the existence of these programs or who to contact. The fact is, however, that people from all walks of life do receive FREE GRANTS MONEY and other benefits from the government, and you should also.

We will show you how to obtain this money FAST. We provide you with all the information and tools you need to successfully secure any grant for you.

This grant money can be used to start a home business, get an education, expand your current business, buy a new home, repair your home, pay rent, down payment for home purchase, pay mortgage payments, pay utility bills, purchase a new car, pay for groceries, pay childcare expenses, pay for fuel, pay general living expenses, pay for academic tutoring, purchase clothing, purchase school supplies, pay legal services, pay summer camp expenses, pay off debts, pay for music lessons, pay for art lessons, pay for any extracurricular activities, pay real estate taxes, medical expenses, disablility assistance, general welfare and much more!

Why is Grant Money Available?

The Federal and State Governments are required by law to issue grants for many diverse needs. The Influx of grant money into the economy creates jobs, which in turn creates more tax revenue and reduces individual (and corporate) dependency on government subsistence programs.

New business grants

With our economy in severe downturns, the need to distribute this free money and create jobs to jump start the economy has become critical.

Many Corporations and Foundations are required to grant a certain amount of their assets annually for a variety of reasons. Foundations are required to give away at least 5% of their total assets each year to maintain their tax-exempt status.

All of these programs don’t require credit checks, collateral, security deposits or co-signers, even if you have a bankruptcy or bad credit, you as a taxpayer and U.S. citizen are entitled to this money.

Government Grants Programs

Everyday the Federal Government gives grants to businesses ranging from large corporate bail out’s to helping average people start their own small business. They also give grant money to students, men, women, children and minorities to go to attend private schools and colleges or to also lend them a helping hand with everyday living expenses, medical bills, general welfare and much more!

All 50 states are a major source of financial aid and assistance to small businesses and individuals. They offer grants money and low interest loans for businesses to purchase buildings, land, equipment inventory and free grant money to individuals for personal, professional and economic needs.

Who can apply for Free Grants?

ANYONE can apply for a Grant from 18 years old and up!

Don’t pass up this great opportunity. Claim your piece of the American Pie! The money is available to you as long as you can show a legitimate need.

What Types of Grants are Available?

The types and numbers of grants available are vast and many. Here we provide you with a few different types but please keep in mind there are many, many more.

The following represent a small subset of the programs available. You will find many, many more in our directories, databases and resources.

Qualify for up to $130,000 in Personal Grants.

  • Home Purchase
  • Home Repair
  • Mortgage Payments
  • Rent
  • School Supplies
  • Real Estate Taxes
  • Utility Bills

  • New Car
  • Groceries
  • Child Care/Day Care
  • Fuel
  • Legal Services
  • Medical Bills
  • Public Transportation

  • General Living Expenses
  • Disability Assistance
  • Housing Assistance
  • Consumer Debt
  • Lesson Payments
  • Tutoring/Teaching
  • Clothing

The U.S. Government understands small business is essential to a vibrant economy.

As a result, many grants and low interest loan programs are available to stimulate small business. As a business owner or future entrepreneur, you may qualify for a variety of grants from public and private sources designed to enhance, expand or initiate your business.

This category encompasses many different, diverse business in various service, retail, wholesale and manufacturing sectors. To list a few, grant money are available to open or expand a bookstore, a flower shop, a hair saloon, a day care center, a furniture store, a bar, a liquor store, a computer store, an auto repair shop, a restaurant, a coffee shop, a bakery, a sewing shop, a clothing store, a furniture store, a rental store, a gift shop, a brewery, a film studio, an art studio, a cooking school, a courier service, a typing service, a travel service, a cleaning service, a yard and garden service, trucks for transportation, a motel, a farm, business related to the internet and much more! We’ve listed only a few business but please keep in mind there are many, many more.

Qualify for up to $250,000 in Business Grants.



new business plan

cultivating business knowledge, ethics, and global perspective through innovative research and teaching

Academics