• In Real Estate, Time is Your Ally While the theory has been tested recently, from a long term perspective real estate values historically go up. Land is finite. As Will Rogers famously said, “They’re not making any more of it.” As the population increases, there is always a demand for real estate. Furthermore, as our central banks continue to print more and more ...
  • Frustrated with the tax bite the government takes? Read this! As you run your own corporation you may sometimes feel like you are running it for the federal government as well. You must overcome this nagging feeling by knowing that: Your business IS being run for the benefit of the federal government. Of course, you are running it for your benefit, and if done right you will ...
  • Maintaining a Stock Ledger to Protect Your Corporate Veil By Garrett Sutton, Esq. I frequently mention documents that you need to maintain to protect your corporate veil. Maintaining your stock ledger is another way to help protect your veil, which protects your assets. Read on to learn more about a stock ledger. When stock is issued, it needs to be recorded in a stock ledger. The information ...
  • Continuing Education Considerations By Garrett Sutton, Esq. Most professions offer some kind of continuing education.  By state or industry rule the courses are required for professionals working in medicine, accounting, law, engineering and other fields. In addition, many industries have their own trade shows and conventions or conferences and seminars, where you can go and meet people who do ...
  • Protecting Your Personal Residence Protecting your personal residence is very important, and your options vary depending upon where your home is. The first means is through a homestead exemption. Each state has a different rule on homesteads. (But the common rule is that you only get one homestead no matter where you live.) In some states, such as Texas, Florida ...
  • Creating a Document Retention Policy The purpose of a Document Retention Policy is to determine how you will preserve and destroy information. This streamlining will help you save time when searching out necessary information and will also help if documents are requested should litigation (be it a government or business dispute) come into play. Typically, a Document Retention Policy is developed ...
  • Registered Agents – What You Need To Know I am frequently asked the same questions about registered (or resident) agents. Here is a FAQ to help answer those questions. Q.  Why do I need a registered agent? A.  Every state (except New York, for some reason) requires that you have a person or company resident in the state you form in and qualify to do ...
  • Using your IRA for Business There are promoters all over the internet advocating that you can start and/or fund your own business or real estate venture using your personal IRA account. “You can turn it into a checkbook IRA,” they will happily assert (as they charge you large fees). They will have you transfer your IRA monies to a self-directed ...
  • The Two Goals for Real Estate Investing By Garrett Sutton, Esq. There are two goals for real estate investing. One is for the value of your property to appreciate over time so you’ll be able to sell it for more than you bought it. Those are the two crucial points in time for your property: When you buy it, and when you sell ...
  • The Tax Advantages of Real Estate Why are there such great tax advantages for owing and investing in real estate? Our nation’s tax laws are written to support those people — business owners and investors — who create jobs and housing. The laws benefit the risk-takers, the doers, who spur the economy. Therefore, if you invest capital into your community by ...
  • Writing a Business Plan for a Franchise? If you are preparing your plan for a franchise startup, pay close attention to the manuals, materials and operating procedures provided to you by the franchisor. Read everything carefully before you begin to write your plan. This information is the starting point of your plan and much of it may be able to be incorporated ...
  • A Business Plan Is Born Ideally, a business plan is the intersection of everything inside the business (costs, products, services, personnel, etc.) and everything outside the business (competition, market trends, political forces, etc).  Forces inside the company meet those outside the company and a business plan is born. (Watch a video on how to build a business plan that gets ...
  • The Five Ws in Every Good Business Plan You may be in a hurry to put together your business plan.  But don’t confuse the frenetic blur of activity with thoughtful preparation.  There are some major issues to discuss in your plan, and you’ve got to think them through. Winning business plans map out the major Ws of your proposed business – who, what, when, ...
  • Keep These Two Things In Mind When You Write Your Business Plan By Garrett Sutton, Esq. There are two key issues you should remember as you start to write your business plan: Issue #1:  A winning business plan is not an academic exercise Many businesses fail despite having beautifully written plans complete with optimistic projections.  A business plan is not a school term paper.  Yes, to get your plan read ...
  • Successful Businesses Start With Successful Plans Are you thinking of starting a new business? Each new business starts with a dream that, in your mind, becomes a plan. The most successful plan is not the one that is a rough draft in your head, but the plan that transitions to paper, the plan that can be analyzed and revised. A good business plan lets ...
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