Getting into a business partnership has its benefits. It allows all contributors to share the stakes in the business. Depending on the risk appetites of partners, a business can have a general or limited liability partnership. Limited partners are only there to provide funding to the business. They have no […]
Accounting
Bank Statement Mortgage: Can You Apply for It?
For granting a home loan, mortgage providers verify the income source of the borrower. Typically, the verification is done based on the W2 tax forms. However, this can create a problem if you work as an independent professional, such as a freelancer. The reason is that freelancers, owners, gig workers […]
The Revocable Living Trust and How it Helps to Avoid Probate
A Revocable Living Trust is a document that allows you to transfer assets from your individual self to yourself as a Trustee, thus removing the assets from your individual estate and avoiding probate and limiting the estate tax burden for your family after you are gone. This transfer is permitted […]
Balance Sheet of the Cyprus Economy – Do We Have Hope?
Dear readers, we have prepared for you an “accountancy based balance sheet” regarding Cyprus future in terms of real estate development. This is a road map of “things to be done”, in order to offer some sort of hope, but at the same time, not to dream that everything is […]
The Definition Of Asset Management
Many of you have probably heard the term “asset management” Before, but you may not have an idea of what it really is. Asset management is a broad term. It can be defined as a process that guides the gaining of assets, along with their use and disposal in order […]
Legal Planning for Small Businesses: Ten Biggest Mistakes
Owners and managers of small businesses frequently fail to adequately address legal issues. This failure may stem from being busy with other matters, unaware of or insensitive to legal concerns, or reluctant to spend the money to hire an attorney. Unfortunately, such businesses may end up incurring substantial expenses or […]
What Are Today’s Current Mortgage Rates – Is it Better to Get a 30 Year Or 15 Year Fixed Rate in TX
Today’s Mortgage Rates: (Texas) 30-Year Fixed Rate 6.375% 6.606% 20-Year Fixed Rate 6.375% 6.680% 15-Year Fixed Rate 5.875% 6.252% 5-Year ARM Rate 5.750% 5.740% Texas Jumbo Home Loans – Amounts that exceed conforming loan limits $417,000. Remember a jumbo mortgage loan is a home loan that exceeds $417,000. Usually, if […]
5 Common Misuse of P/E Ratio
Price Earning (P/E) Ratio is the most widely used ratio in investing. Searching the term ‘P/E ratio’ into Google will yield 2.3 million results. Quite simply, P/E ratio is the ratio of Stock price divided by its Earning per Share (EPS). If a company A is trading at $ 10 […]