Kat
Cunningham's company, Moresource, Inc., employs approximately 3000
employees in 200 companies and files state withholding in 17 states.
Yet, she didn't hire any of the employees.
Kat owns a PEO (professional employer organization). Companies transfer
their existing staff under her umbrella, and she leases them back
to do the same job for the same pay under an arrangement referred
to as "co-employment." The IRS recognizes her company as
the W-2, or payroll employer; her client is considered the worksite
employer, responsible for maintaining the day-to-day direction and
control, hiring and terminations.
Kat
opened Moresource, Inc., in 1994. Upon the recommendation of a family
friend, she contacted the University of Missouri-Columbia SBDC. Counselors
immediately looked over Kat's business plan, helped her prepare a
set of three-year annual cash flow projections and a set of five-year
financials then introduced her to a lending institution that provided
her the funds to open her doors.
Over the years, Kat has grown her company and sought SBDC assistance
as needed to maintain a pattern of well-managed growth.
"I have found the staffs of the SBDC to be extremely helpful,
professional and courteous. And what is nicest from my perspective
is that the help they provided was completely non-judgmental and non-critical,"
Kat says. "You're already working hard to build your business
and learning from the school of hard knocks; you don't need folks
to 'pick at you.' You need professionals who are pleasant and willing
to work with you to better your company."
The assistance provided by the SBDC has greatly impacted Kat and
her company. One can see this both economically and in terms of enhanced
learning, the recognition of greater efficiencies and changes in the
way she does business today as opposed to just last year.
"I have to admit that had it not been for the folks at the SBDC
office, I might not be in business today. I think everyone should
benefit from the SBDC's expertise," Kat says. "Business
owners of today can't possibly know everything. Due to the diversity
of the SBDC and MO SBDC clientele, think of the exposure those folks
have to different situations and how much they can contribute to your
company! The assistance they offer and the programs they have are
phenomenal."
Moresource, Inc.
Kat Cunningham
2101 B. Vandiver
Columbia, MO 65202
573-814-1234 (work)
573-814-1225 (fax)
prez@moresource-inc.com
www.moresource-inc.com
Manufacturer
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