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How to Register a Professional Corporation ("PA") In Florida

If you are operating, or plan to operate, a professional service in Florida, then you should consider doing so as a professional corporation. This entity is a type of corporation which is organized to render a specifically designated professional service. Examples of services rendered by a professional corporation, just to name a few, are certified public accountants, chiropractors, doctors of medicine, architects, attorneys and life insurance agents. These types of professional services, as noted above, can operate through the vehicle of a professional corporation in Florida. You should note that a professional corporation is also referred to as a “P.A.” or professional association.

To form a professional corporation in Florida, you must take the following steps:

– The first step is to prepare articles of incorporation and file the articles with the State of Florida. The articles of incorporation must state the name of the entity, address of the corporation, the name and address of the registered agent, and must state the specific purpose for which the corporation is organized (e.g., chiropractic medicine, Certified Public Accountant, etc.). Please note, the name of the professional corporation must contain the words “chartered” or the words “professional association”, or the abbreviation “P.A.” Once the articles are prepared, you must file this document with the Florida Division of Corporations along with the state filing fee of $70.00.

– Once the articles of incorporation are filed, you should then obtain a tax identification number for your entity through the Internal Revenue Service. You can apply for a tax ID either online at http://www.irs.gov or call the IRS. Their contact information can be found on the IRS website.

– Next, you should elect “S” corporation status for your entity. To do so, you must complete and submit Form 2553 to the IRS. You can obtain Form 2553 on the IRS website or seek the help of an accountant to assist you with such election.…

Saving Money For Newbies – 4 Venues For Saving Money

Saving money is basically just setting aside a percentage of current income now to create a financial hedge or surplus for use in the future.

Cash accumulation methogs come in many different forms. Additionally, there are several reasons that people choose to save. However, your method for saving should be based on what you plan to do with the money in the final analysis.

1. Petty Cash Savings Accounts. When saving for just a high ticket item or for a minimal amount of time, or to accumulate an funds as a surplus against emergencies, a passbook savings account is the best method. You should dump bloated items that steal your cash, so that you can sock away at least $1000 into what I call a Rainy Day or Lean Fund. The reason you want to put this in the bank is because it is basically liquid. You can get it very quickly without going through much trouble.

This type of account is only good for short term money savings. You have flexibility with it. You can deposit and withdraw money to your account and earn interest, based on your average daily balance. The interest gained will be very low though because it is not a wealth accumulation vehicle.

If you make a mistake and use more money then what is currently on deposit in your account the bank will charge you an insufficient funds fee as high as $40 per occurrence. The bank will sometimes forgive your error and return this fee if you ask them to. They won’t do this for you every month though.

2. Checking accounts that bear interest. The best aspect of having this type of account is the ease of use it offers. You get to transact your daily business through this type of account and earn a bit of interest at the same time. That’s a twofer. Generally these types of accounts come with a host of other privileges like checks, online bill payment schematics and Visa and Mastercard based debit cards.

In order for you to not be charged a monthly fee to maintain this account you typically must maintain a daily balance as high as $2,000. Should you be neglectful of this account and become delinquently overdrawn with the bank, you will be reported to ChekSystems. A report to ChekSystems will mean exclusion from having a checking account with virtually every American bank or Credit Union for up to five years or longer depending on the severity of your account abuse.

3. Secured money market accounts (MMA). These accounts are backed by the Federal Deposit Insurance Company and are not as quickly accessible as your general savings or regular petty cash savings account. If you don’t need access to this money as much as the funds in your savings account then this is the way you want to go. It offers more return on your deposited dollars but you won’t be able to run down to the local ATM to make a …

Affordable Health Insurance Quotes – How To Get Them

There are proven steps that will guarantee that you get affordable health insurance quotes. We'll take a look at fail-proof steps in this article …

1) Adjust your lifestyle. There are lifestyles that will make it difficult for you to get affordable health insurance. If you do not exercise regularly you'll put on weight much more easily and then become an easy target for certain diseases.

If you also use tobacco products you increase the risk associated with insuring you. Smokers and other tobacco users are more susceptible to many diseases. Adjusting your lifestyle in such matters will help make it a lot easier for you to get affordable quotes.

2) Ask for higher deductibles. The higher your deductibles the lower your rates. However, make sure your deductible is within easy reach. You'll be expected to pay it first before your insurer will make out any payment.

3) Get a plan that is suitable. Although this may not lead to more affordable health insurance for many, it will for some. This is especially true if you're young and healthy and rarely ever need to see a doctor. In such a case, it will make perfect sense to leave more expensive plans and opt for more affordable plans like catastrophic health insurance. You'll be covered against sudden illness and injuries and you will not be paying for coverage you do not need.

4) Visit at least three quotes sites and obtain quotes from each of them. Make sure you input the same details in all of them. Compare the quotes returned and you'd have some of the most affordable health insurance quotes to choose from. …

Why Do We Need Rental Car Insurance?

Do we really require rental car insurance? This question may evoke laughter since most of us do not understand the necessity of doing so. Well, lots of people are not quite sure about the answer. However, a car is a car and it is sentenced to accidents whether it's rented or not. We can not belittle the issue and it is a fact that rental car insurance is necessary.

Let's delve into the issue. Perhaps there is no person who finds traveling repugnant as it is both a great source of fun and education, especially for students, researchers and also holiday travelers. As people travel, they looking forward to have some rest, recreation and have novel experience.

In the majority of these cases rental cars are used because few travelers dare to visit far off lands with personal cars. What may happen if the rental car (owed to great misfortune) meets any accident? Will you, if you have rented, pay up the damage and also other major loses? How can you handle with this reality? There is perhaps no other way other than car rental insurance.

Go to relevant websites relating car insurance, if you are still skeptical. Only a very few of these insurers provide policies that do cover rental cars. Even though a personal personal policies cover injury to a rental car and credit cards may also go together with accident insurance, rental car insurance seems to be the best since it helps the insured person to steer clear of any hassle.

Why do not we focus on some specific reasons? Only a very few policies do cover car rentals outside the realm of US. Remember, you have to compensate the damages in the absence of rental car insurance anywhere in the world even though you make use of the cars of the same rental company back home.

As per information, premium credit cards generally prefer secondary accident coverage. There are very few instances when a credit card that brings forth primary accident coverage can be found. The most potent difference is that a secondary insurer pays the individual only after he has filed claims with a primary insurer. Even if you consider rental car insurance a hassle, this will make you free from meeting larger hassles in future.

Customer service is one more important word and the customers must believe it to be an important point in choosing a company. There are lots of companies that supply the best customer support. There are also aid lines which the customers can call up and ask their questions. …

How to Get Rich Buying Real Estate From Your Parents With No Money Down and No Credit

You can get rich from the equity appreciation of real estate by buying property from your parents using traditional or creative financing that may or may not require a down payment or credit. Whether you are a first-time home buyer or an experienced investor, you can buy any type of property from your parents from a home you live in with them to an investment property you rent out to tenants. The following lists some reasons why you may find it faster, easier and financially more lucrative to buy from your parents than anyone else.

You Don’t Have to Buy an Entire Property

When you buy from your parents, you can purchase any percentage you want like 10{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}, 50{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} or 75{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}. If you pay less-than-full price, you will have lower mortgage payments and buying a house is more affordable. Regardless of what percentage you own, you still get the benefits of home ownership such as equity appreciation, mortgage interest deductions, property tax deductions and capital gains tax exclusions.

You Can Share the Responsibility with Your Parents

When you buy a partial interest in a property, you and your parents share the responsibility of owning it including the mortgages you each carry, the property taxes, homeowners insurance or homeowners association dues, and maintenance. Because you have more than one person responsible for a property, you can rely on each other for financial strength in the event of hardship.

You Can Elevate Your Status From Renter to Owner

Are you already living at home rent-free or paying rent? Is so, why not buy into your parents’ house, since you already live there, and get an equity stake in their property? Then, you are no longer living with your parents but living in your house that you own with your parents. If your parents have more than one property, you can buy into one of their secondary or investment properties and live on your own.

You Don’t Have to Get a Loan From a Bank

When you buy from your parents, you don’t have to qualify for a loan from a traditional lender such as a bank which has income, asset and credit requirements because your parents can act as a bank and give you seller financing for your purchases.

You Can Create Your Own Home Loan

When your parents act as a bank, you can get favorable loan terms by structuring your own payment schedule with a manageable loan amount, lower-than-market interest rate and repayment term of your choice.

You Don’t Need a Down Payment

Unlike getting financing from a bank which has down payment requirements, you can buy from your parents with no money down.

You May Get Property Tax Benefits

Depending on the state you live in, your property taxes may not be reassessed at current values when you buy from your parents or grandparents because of a parent-child and grandparent to grandchild property tax reassessment exclusion. This is a huge benefit when parents and grandparents have had ownership for …

How to Compare Low Cost Health Insurance in Colorado

Comparison is the key to making almost any buying decision, and that is certainly true when it comes to choosing your Colorado health insurance plan. According to recent surveys completely 42{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} of all Colorado families are worried about paying for any health care at all. But do not be fooled into comparing only cost – when it comes to insuring your family's health care, cost is only one factor to consider.

Depending on your family's health care history and your expectations of health care needs for the coming year, you should also compare the annual maximum each health care provider is willing to pay, what each family member's co-pay will be for routine doctor visits, your co-pay for prescriptions, your out-of-pocket expenses for hospital stays, your coverage for emergency room visits, which doctors you are allowed to see and, finally, each plan needs to be compared based on the plan's deductible.

(The deductible is the amount you pay out of your own pocket each year before your health insurance begins paying off.

When all of those factors are taken into consideration, then you'll need to compare monthly premiums.

Here in Colorado you have more than half a dozen competitive plans to compare.

If it sounds like a lot of work – it is.

Even using side-by-side plan comparisons on the internet, trying to find and compare the best health care coverage for your family at the best cost is no easy matter. However, by concentrating primarily only on the benefits that are most important to you and your family you may be able to make the comparisons easier.

Health care is expensive. In fact, for more than 16 million Americans health care now consumes at least one quarter of their disposable income. That's why it's well worth whatever time and effort it takes for you to make the comparisons between health care plans so you can find the one that's right for you at a price you can afford to pay. …

You Do Not Have To Be a Victim of Identity Theft

One of the worst things that can happen to you is to become a victim of identity theft. If your personal information should fall into the wrong hands it will take you a long time to get your credit and your financial life straightened out. You can be denied jobs, insurance and loans for a home or transportation because someone ruined your credit by stealing your identity. This article will give you the knowledge that you need to protect yourself from identity theft.

Identity thieves can get your personal information in a number of ways. They may steal your purse or wallet or steal your mail from your mailbox. Dumpster diving is a popular way of obtaining your information as they sort through your trash to get their hands on credit card offers or other information that you have discarded. An identity thief may call you on the phone or send you an email posting as a representative from your bank or credit card company. They may ask for your account numbers and social security number under the pretense of verifying your account information. They may even complete a change of address form and have your mail diverted to another address so they can get their hands on it.

Identity thieves are smart and innovative. Never assume that your personal information is safe. As technology advances, so does the opportunities for identity thieves and scam artists. Here are a few ways that you can keep your personal information safe:

O Take advantage of your right to one free credit report per year. Keep a close eye on your credit report. If you notice any suspicious activity, contact the credit reporting agencies right away. Let them know that you feel you have been a victim of identity theft. They can place a fraud alert on your profile so that every new application for credit must be verified by you personally.

O Check your banking accounts daily. Most banks have online access to your accounts. Use the online features and keep a close eye on your checking and savings accounts. Make sure that access to these accounts are protected by passwords that you can set. Do not use passwords that are easy for identity thieves to guess such as, mother's maiden name, your birthday or your social security number or a series of contractual numbers.

O Guard your mail carefully. Drop off outgoing mail at the post office instead of leaving it in your mailbox to be picked up. Shred your junk mail and any other statements before throwing them away. It is best to use a cross cut shredder for this.

O Do not carry your social security card with you. Store it in a safe place such as a safe at home or in a safety deposit box. Have your social security number removed from all documents and forms of communication including your driver's license. Never give your social security number over the phone or through an email.

O Keep …

Dental Insurance Plan – 30-Day Refund Policy

The cost of going to the dentist without a plan or insurance can take a big chunk out of the wallet. Some employers have coverage for their employees, but not all companies and places of work supply this service. If you have a family, the visits to the dentist can become a financial burden. With the economy the way it is, people are looking to find ways to save money and to cut corners. Having a good dental insurance or plan can make the difference in keeping your money in your pocket instead of paying high dental bills.

Many dental plans have discount plans that can help the average person to be able to make more frequent visits to the dentist. They come with many advantages such as no age discrimination, no health restriction, activation is quick, no paperwork hassles, no referral for a Specialist and group rates that are available. They also offer a 30-day refund policy, which makes the dental plans so appealing to the consumer.

Other benefits include a membership package that is provided online. It will include instructions and tips for increasing your savings. A membership card and a welcome letter are also provided. It also will provide a detailed schedule of the discounts and fees on different dental procedures. There is also a support and contact document that is included in the membership package.

Dental care is a very important part of looking after ourselves and keeping us healthy. Having the proper dental care will help prevent diseases and problems that can occur. By having a good dental plan, will enable the consumer to have the best chance at taking care of their smile. …

Cheap Car Insurance for Women – What Makes It Easy for Women to Find Cheap Car Insurance

Many of the companies feel more confident in giving cheap car insurance for women than that for men. Driving schools feel it easier to teach men than women. Then why is it the other way for women? Following are some of the reasons behind this.

1. Women drive safe. Men learn driving faster than women. When it comes to swiftness, they outperform women. But they are more likely to push the gas pedal harder than women. Women are less likely to cross the speed limits. They are less likely to take risks while driving. So, they are less sooner to meet with accidents and call the insurance company. Their loyalty to the traffic rules prevails them from getting tickets very often. Consequentially, insurance companies prefer women clients for offering cheap car insurance. Having a good driving history including mainly the records of accidents and traffic rule violation can help some one save even 30{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} in the insurance cost.

2. Women are more careful of their cars. Women are more regular in cleaning and servicing their car. Average life span of cars maintained by women are more than the cars maintained by men.

3. Insurance rate depends on the type of the car to be insured to a great extent. It is hard to find cheap insurance for sports cars, large SUVs, luxury cars. Cars with small engines, added safety and security features such as air bags, tire pressure monitoring systems, car alarms etc. Are more insurance friendly. Statistics shows that women are more likely to use such insurance friendly cars. This many a times plays a big role in helping insurance companies offer cheap car insurance for women.

It is not that women are better driver than men. But, in general, women have certain features which give them more advantage as insurance Buyers. That's why insurance companies offer more discounts in the car insurance for women. …

Why Work With an Insurance Adjuster

No matter where you live, what you drive or where you work, accidents are a part of life. Some of them you can see coming and know there is little you can do to stop them while others come out of here and shatter the world you know and replace with an entirely new reality. In each scenario, you can easily feel overwhelmed and ill-equipped to face the process of rebuilding. Thankfully, one does not have to face these situations alone. These are situations for an insurance adjuster.

An insurance adjuster's job is to work with you and the insurance company to get a settlement that everyone can agree with. Depending on whether they represent the insurance company or you, the client, they will work towards getting that entity the best possible exit. As such, when you are the victim, it is best to have an independent adjuster who has your back and is willing to fight for your needs.

The Job of an Insurance Adjuster

When you are dealing with an accident or natural disaster that leaves you in need of an insurance adjuster, it is vital that you understand their role in the scenario, as well as your own responsibilities.

Your Job

  • Gather any paperwork you have on hand that pertains to the situation.
  • Have pictures of before and after, if at all possible.
  • Be civil and willing to listen and let the adjuster do the talking.
  • Never make the first offer!
  • Document everything. Write down facts, numbers, times, and anyone you speak with; Considering recording these elements as much as possible.

Job of the Insurance Adjuster

  • Inspect the damage. This is the first step regardless of the type of accident or disaster.
  • In the event of an accident, they will review any police reports and speak to any witnesses
  • Inform the insurance company of the details of the accident or disaster.
  • Ascertain where liabilities lie
  • Compile a damage report so that financial losses can be assessed.
  • Be the intermediate between the parties involved
  • Determine the appropriate amount of compensation

Keep in mind that in your first interaction with an adjuster that you will likely need to give a recorded statement and if the claim is of a medical nature, sign a medical release form. Consequently, if you are not prepared to make a statement immediately following the event, it is acceptable to ask for a short period of time before talking.

When you do your part correctly and provide the adjuster with the information they need, then you can be better reel you presented and get what you need to move forward from the situation. Take your time, talk things through calmly and -eventually- your adjuster can help you move on to the other side. …