How to Set up a Business Entity to Obtain Corporate Credit

By Susan Carter

As you begin a new business venture, you have an important decision to make right at the beginning of your venture. Now you probably have already decided what kind of business - and even the name, but the entity structure is the most important. You need to know what type will be the easiest and most valuable for your company. Have you heard the words LLC, C-Corp, and S-Corp? If you answered yes, but dont really understand what they are, then read on.

There are many business structures you can use when you are setting up a new company. They each come with different benefits as well as liabilities. Here's a breakdown of the most common:

Sole Proprietorship " This is a one-person show in which the person running the business keeps all the profits, but also carries all the responsibility and liability. This is the least desirable form of business structure because of the huge personal risk that is involved for the business owner. Partnership " In a partnership, two or more people are the owners of the business. They usually put similar amounts of money and time into the business and they are all responsible for running the business. They also incur debt for the company and can be held personally liable if the company were to fail or be sued for debts. Limited Partnership " In a limited partnership there are at least two partners involved in the business, but they do not necessarily have the same level of responsibility or authority in the company. One or more of the partners will take part in decision making and the others are silent partners. Limited Liability Company (LLC) " This is the most flexible business structure and one of the easiest to set up. It is a good entity for a small or large business because it provides personal asset protection and offers an easy format for distribution of profits and losses. With this entity structure the liabilities of the company are only taken from business assets, not the personal assets of those who own the LLC. C-Corporation - There are two ways to file as a corporation: C-Corporation or S-Corporation. The C-Corp is the most structured form and the profits are taxed at both the corporate level and the stockholder level. There is no limit to the number of stockholders. This structure is taxed as a separate entity, unlike the S-Corp. The S-Corp is also a corporation but is limited by the number of stockholders it can have, which is 75. One of the advantages of this business structure is that the profits are not double taxed like they are in a C-Corp. This structure is a flow through entity, which means the profits and losses flow through to the personal tax return of the stockholders and are taxed on their individual tax return.

When it comes to financial institutions, they generally view the LLC and corporation structure as higher rated business entities. By choosing one of these business structures you present a professional image to them and they are more likely to extend business credit and trade credit to your business.

About the Author:

Find out more about how to set up your business structure correctly and learn the advantages and disadvantages of each kind of entity. Learn the secrets of how to present your company as an established business so that you can get lines of credit from lending institutions and obtain vendor credit without risking your personal FICO scores.

Selling and Buying San Antonio Home

By Jin Kim

Most people when they considering either selling or buying a new home they will wait until spring arrives to do so. But if you want to get a great deal on a home whether it is in San Antonio or any other city then you should look at buying it before the end of the year. There are plenty of reasons for you to consider buying a San Antonio home before the end of the year.

Below we take a look at a few of the benefits that you can get if you choose to buy a San Antonio home at the end of the year rather than at the beginning.

Benefit 1 - If you find that you are in a position to close the sale on a home by the 31st December this will help when filing the following year's income tax return. You will be able to deduct from your income tax return any mortgage interest payments, property taxes and points relating to the loan from it. Also buying a house at this time provides you with the opportunity to deduct off the interest costs from the home equity loan you have taken out. This will mean that during the first years of the loan the amount of interest you are repaying to the lender is far less.

Benefit 2 - People who have been trying to sell their homes will be more motivated to try and get the sale completed before year end as they will also benefit from tax savings. You may find that such people are going to be more willing to negotiate on the sale price with you in order to get their property sold. Currently because of the financial climate this is a buyer's market and you mind find getting your dream home has become somewhat easier.

Benefit 3 - If you are thinking of buying a new constructed home then yearend is a good time to do so as many builders will provide buyers with incentives to do so. They will often provide additional items in to the sale price to ensure that they complete the sale of the property before year end.

As you can see above there are numerous reasons why it is worth considering buying a San Antonio home or any home elsewhere before the end of the year. With the way the real estate market currently stands you may find that you get your dream home for a lot less than you first thought possible.

About the Author:

When thinking about buying San Antonio Home, find tips at San Antonio Home, and San Antonio Home

Consolidate Your 401k's Into An IRA

By Frank Dodd

Most people wind up switching companies several times in the course of their lives. Hardly ever does a person stay with 1 employer their entire working life. Many companies offer a 401k plan as part of their benefits package. This leaves many people with multiple 401k funds in their name in their career course.

What should you do with your 401k fund after switching companies? You might look into a 401k rollover to IRA.

Rolling your 401k fund into an IRA can be beneficial in multiple ways. I'll briefly discuss a few of them.

To begin, if a person changes companies 3 times, they will own 4 401k policies (3 from the previous employers and 1 from the new one). Having multiple accounts can be difficult to manage. You would have to follow paper on all 4 accounts instead of just 1. And most people will get discouraged by the excess paperwork and stop taking the needed interest in their portfolio. This can create huge problems down the road.

By rolling your 401k into an IRA fund after each job change, you can consolidate that paperwork and make your retirement much easier to manage. And you can continue to add your 401k plans to a single IRA as often as necessary. That same person that changed jobs 3 times in their career would have now only 1 401k and 1 IRA. That would be worlds easier to handle.

Also, consolidating your accounts into an IRA reduces your risk factor. If you leave the 3 previous 401k plans with the previous companies you run the risk of the companies going under. That would in turn leave your 401k worthless. There is still a small risk when you invest in an IRA with a financial institution, but the risk is much smaller than the alternative.

This will also allow you to take control of your planning and that is the creates reward. You don't want to depend on others to take care of your retirement because they can't possibly care as much about it as you do.

But the 401K is still a great investment as it offers 100% return of investment. You don't find a deal like that every day. Contribute as much as your company will match and put any extra funds toward your IRA.

About the Author:

find out how to do a 401k rollover to ira

Credit Card History

By Jason Asthworth

Edward Ballamy first introduced the world to the idea of the "credit card" in his 1887 novel, Looking Backward.

Credit cards were first utilized by motorists in the United States in the 1920s during the car boom. They were however originally referred to as charge cards and with time, various firms permitted the use of different cards. In those days it was a piece of cake to forge a credit card since many of them were printed onto a type of card material and not plastic as they are nowadays.

During the 1930s and 1940s another form of the credit card occurred. It was known as the Charga-Plate and was made of a fairly small piece of metal, which had the owners name, city of residence, and the state in which that person lived imprinted into it. It also contained a small piece of card for a signature. Only the large retailers made use of these, and they were only issued to their everyday clients. Most often, the Charga-Plates were kept at the store.

Diners club was founded by Ralph Schneider and Frank X. McNamara in 1950, and instead of using many cards people where allowed to use one card. This card had to be paid in full at the end of each month which is differnt from the modern credit card.

The next card to come along was Carte Blanche and then American Express in 1958. American Express led to the creation of a global credit card system. The Visa system also came into existence in 1958 via Bank of Americas Bank Americard. MasterCard came into the world in 1966 and it was first known as MasterCharge.

Credit card use rose in the United States because of the banking practices in place. Cross country travelers could take their credit with them on their journeys, as they could not access their own banks immediately.

In 1966, the first credit card was released in the UK. The credit card system was not accepted by other countries. Reasons cited for not wanting to use credit cards included bank reliability or a preference to use cash.

Credit cards are now being tested that have a microchip implanted to reduce fraud. Another type of credit card being tested is the Affinity Card. This is a co-sponsored card by the issuer and an organization that carry certain features such as discounts or cash back.

The factors that influence higher credit are amount of money you make and your amount of credit card expenditures.

About the Author:

Jason Asthworth is the content syndicator for applyforvisacreditcardnow.com the leading resource credit cards and applying for a visa credit card.

No Fax Payday Loans-But Are They Hard To Get?

By Jacob Williams

Often there is a circumstance in which you will run into an unpredicted expense. This could be a medical emergency or an unexpected bill. Unless you have savings put away for such expenses you may not have the money to pay for it. These are the times when a payday loan can be of great benefit to you. A payday loan will allow borrowing up to fifteen hundred dollars for a short period of time, usually until your next paycheck.

In order to get a payday loan agency you just want to search for one on the net. Make sure you do your research in order to get the best deal possible. Not all payday loans are the same. Some have higher interest rates then others. There are different time periods for repayment and also repayment methods. If you would rather not use the net to find a loan you can also find payday loan agencies in your area.

To qualify for a payday loan you will have to provide the loan company with information about your bank account, employment, income, and some identification. Another necessity is you must be over 18 years old. When your loan is authorized, then it will be transferred in to your bank account within 24 to 48 hours, at the most.

In the past if you wanted money for an emergency you would have to fill out numerous forms and applications. Then you would have to get them verified before you could get a loan. Needless to say it would be frustrating to have to sit through that kind of process when dealing with a fiscal or medical emergency. Today you can apply for a no fax payday loan.

If you find yourself faced with an emergency and are in need of funds to cover the cost, a no fax payday loan is your advisable alternative. These payday loans are really easy and fast. All you have to do is look online for companies that provide no fax payday loans and fill out the application. No fax payday loans only ask for basic information, like your name, address, bank information, and employer. Most companies don't even require a credit check. This means even if you have a poor credit history or have declared yourself bankrupt you can nonetheless get a no fax payday loan.

The only drawback to a no fax payday loan, is you will have to pay your loan back with your next paycheck with the interest included. Because you are taking out a short term loan, it is really important to go over all the terms and conditions before taking one out. A lot of people think that this form of loan is a trap set for working class borrowers. So for this reason, you want to make for sure that not only do you require the loan, but are able to repay it. This is something you want to think about before taking out a payday loan.

About the Author:

Jacob Williams is a personal finance adviser, with 3 decades of knowledge in the finance industry. For more Free information on Payday Loans try visiting Online Payday Loans or No Fax Payday Loans....