It’s no secret that loans for businesses aren’t easy to get – especially for smaller ones with either no credit or poor credit. There are a variety of options available, however, and once you decide which solution is right for you, you can begin preparing. Getting a business loan can […]
Accounting
Book Summary: Becoming Your Own Banker – Unlock the Infinite Banking Concept – By R Nelson Nash
This book is not about getting rich quick. It talks about emulating the entities that contain all the wealth – “Banks”. This is a big deal because you can leverage tax deferred growth, pay interest to yourself, leverage tax write-offs and see the power of compounded growth over time. This […]
Marketing Reverse Mortgages In a World That Doesn’t Trust Mortgage Brokers
Reverse Mortgages are a tricky subject. No one wants to discuss them, and yet, for some it can be an excellent solution. The Elder’s heirs might not appreciate it much, but it can be a life-saver. Kind of reminds us of that bumper sticker you see on the back of […]
Divorce – Eight Landmines to Avoid in Business Valuations
Whether attacking or defending your expert’s business valuation in a divorce trial, it is important to know and avoid the eight landmines that can blow up your case: Reasonable Owner’s Compensation – A business valuation usually requires the expert to make adjustments to the subject company’s income statement. This process […]
Pros and Cons of Inheritance Funding
Inheritance funding refers to a strategy used by heirs entitled to inheritance property which is held in probate court. Probate is required to settle decedent estates. The process can last several months; causing inheritance assets to depreciate in value. When decedents owe outstanding debts there is a chance assets may […]
When Bankruptcy Is Not An Option
The purpose of a discharge is to “release an honest debtor from his financial burdens and to facilitate the debtor’s unencumbered `fresh start’”. In re Pelkowski, 990 F.2d 737, 744 (3d Cir.1993) (citing Kokoszka v. Belford, 417 U.S. 642, 645-46, 94 S.Ct. 2431, 2433-34, 41 L.Ed.2d 374 (1974)). The general […]
The Benefits To Playing Cashflow 101
Earned This is your full time 9 – 5 job Passive – This is from investments like rental properties or small businesses Portfolio – This is from paper asset investments like stocks and options. In school we all learned how to do number 1. In Cashflow 101 you learn how […]
New Year, New Rules: Estate Tax and Asset Protection 2011
As we begin 2011, there is much uncertainty in the areas of both estate planning and asset protection. For much of 2010, we expected 2011 to greet us with a 55 percent estate tax on all assets over $1 million. Toward the end of 2010, President Obama gave in to […]