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The Importance of a Credit Report

Your credit report in combination with your credit score is as important as the air you breathe. Without it, you won’t stand a chance or survive in the United States. To most of the country, you are just a number in conjunction with a credit history. It does not matter whether you are good person, volunteer, lie or cheat. It only matters how responsible you are with your personal finances.

The simplest way to find out about your credit history is to order a copy online. You want a website that provides you with information from the three major credit bureaus;Experian, TransUnion and Equifax. These bureaus analyze your financial decision making; both past and present, and put that information into a report. A good website to use that provides this information is creditchecktotal.com. It only costs $1 to check and can provide you with invaluable information compiled into a credit report. Your report will not only provide your current credit score, but also your entire credit history.

A credit report acts as your credit references. A positive credit history tells potential lenders that you manage your finances well, i.e. borrow money and pay it back in a timely manner. A negative credit history tells lenders you have a difficult time managing your finances and instead are in debt, often not repaying them as agreed.

Credit reports help you by providing you with your personal financial history. This may include attempts at fraud made by others at your expense or errors made by varying lenders. The report can also provide you with information on good or bad decisions you may have made in the past. By staying up-to-date with your financial history, you can ensure you are making good choices, have the ability to detect if someone is committing identity theft and ensure there are no errors.

In addition, a credit report can explain why you were not approved for a certain loan or line of credit. Even though you had a great or excellent credit score, you still had a negative item or charge back on your credit report, so the financial lender refused to approve you.

You can also see how fast your credit score can be transformed. If you go ahead and start repairing your credit, you can watch how fast negative items can be removed and how fast you will gain points putting your score from bad or below 600 to above 700.

If you are not happy with your current FICO score and/or credit history or find there are errors in the report, you can contact a credit repair company. The credit repair company can boost your credit score, remove negative items and/or dispute errors on your behalf.…

Allocation of Bluesky – Goodwill in an Automobile Dealership Sale

The IRS defines goodwill as “the value of a trade or business based on expected continued customer patronage due to its name, reputation, or any other factor.” IRS Publication 535: Business Expenses, Ch. 9, Cat. No.15065Z.

The American Society of Appraisers defines goodwill as: “that intangible asset arising as a result of name, reputation, customer loyalty, location, products, and similar factors not separately identified.” And as “that intangible asset arising as a result of elements such as name, reputation, customer loyalty, location, products, and related factors not separately identified and quantified.”

Goodwill, however, can be separated into personal and business (enterprise) goodwill. Unlike enterprise goodwill, personal goodwill is the intrinsic value of services of a specific and identifiable person to a business.

The distinction between personal and enterprise goodwill is important insofar as: (a) saving taxes in the sale of businesses; and (b) dividing assets in a marriage.

In divorces, enterprise goodwill is considered marital property and can be divided, while personal goodwill is the sole property of the individual. See: May v. May, 589 S.E.2d 536 (W. Va. 2003) and Ledwith v. Ledwith, 2004 Va. App. LEXIS 488 (October 12, 2004).

When a C Corporation is sold the enterprise goodwill is taxed at the corporate rate (which could be as high as 35{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}), and then again as a dividend (another 5 – 15{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc}) when it is distributed. Not including any state taxes that may be owed, a $3,000,000 gain could result in only $1,500,000 after-tax dollars to a shareholder.

With some exceptions, sales involving S corporations, partnerships, sole proprietorships or other pass through entities, blue sky gets taxed only once as a capital asset. Note: One can also incur C Corp. tax with an S Corp, if the S Corp. is not at least ten years old and does not have, for example, adequate built in gains. (Visit your accountant for the fine details).

In this article we are interested in car dealership sales and are looking at assigning a portion of the sale proceeds to personal goodwill because, as CPA Carl Woodward notes in the Spring 2006 publication of The AutoCPA Group’s “Headlights”: “For some dealerships, much of the total blue sky value is due to this personal goodwill.”

The concept of separating goodwill with personal and enterprise distinctions first appeared in the 1986 Nebraska case of Taylor v. Taylor 386 N.W.2d 851 and then spread to other states. See: Beasley v. Beasley, 518 A.2d 545 (Pa. Super. Ct. 1986); Hanson v. Hanson, 738 S.W.2d 429, 434 (Mo. 1987); Prahinski v Prahinski, 75 Md App 113, 540 A2d 833 (1988); In Re Marriage of Talty 166 Ill 2d 232, 652 NE2d 330 (1995) and Martin Ice Cream Co v. Commissioner (110 T.C. 189 1998).

In 1998, Norwalk v. Commissioner TC memo 1998-279 held personal goodwill stems from an intangible asset that is the property of the individual, not the corporation, and that personal goodwill could be paid to owners because the employment contracts of the individuals expired when …

Basics of Online Share Trading

Internet has fast dissolved itself into our daily lives. Right from our banking needs to shopping, we can have almost everything we desire through the internet. Nowadays, the latest trend is the online transactions of the stocks, that is, selling and buying the stocks through the internet. There are many who are already making use of this facility, whereas there are many who have a little idea about it and would want to know more about it. The buying and selling of stocks online is a very easy process, and is risky too. However, with the advancement of time and technology, the transactions are becoming more and more secure, thus increasing the number of online transactions day by day.

If you wish to buy stock shares through the internet, follow the same procedures that you would follow if you were physically buying them. Do a complete Google search on the company that you are interested in, and always keep exploring better options. There are a lot of brokers online that offer you cheaper rates when you trade online with them, as compared to the ones where you place your order by calling them on the phone or by going to them.

The first step to buy shares online is to look for a reliable and inexpensive stock broker. Do some research and list out the top 5-6 companies that offer affordable services. Do not completely rely on the customer testimonials. Be sure to read the external reviews as well. Frankly, not all the customers have pleasant experiences. There are a few who are bound to have unpleasurable experiences. Choose the company that you think is best for your needs. Buying and selling stocks online is a convenient option, but you have to be careful about who you are dealing with over the internet.

After you have finalized the broker, check the website for individual deals. If possible, have them call you and then inquire about individual deals. This can be very important because it indicates what the company offers to give you in return to dealing with your money. Also, since they are trained and experienced professionals, their advice could prove to be very beneficial to you. It has also been commonly observed that reputed online share trading companies are fair, and have proved to be very helpful. However, be very alert when reading or listening to the terms and conditions. You do not want to miss on something important and then lose some of your hard earned money.

As time passes by, the internet will become more user interactive and many more options will be added, commonly as well as to the share trading specifically. It does not matter if you have been trading stocks for a long period of time, or if you are a new investor, buying and selling of shares online is going to be equally productive and exciting. The stock market and the traders have been relying on the information provided by the internet for …

Starting a Home-Based Internet Business

Whatever your background, your education, your previous employment, your gender or your life experience everyone starting a home-based internet business is beginning on a level playing field. Perhaps someone whose background is in some form of offline marketing has certain advantages because of their understanding of the marketing process but they will still have many new skills to acquire especially in respect of the technical side of the business.

There will be newcomers to the business whose background is in computer technology. They will have certain advantages with regard to the technical aspects of the business but will still have to learn about the marketing and copywriting side of things. There will be others who come from the retail trade. They will have useful experience when it comes to the actual selling but will find many new things that they need to learn to acquire a comprehensive picture of the whole business. Almost everyone will have some attributes which will help in the development of their business; experience or knowledge that they can bring to the table.

There are skills required to be successful in starting an online business; none of them is particularly difficult and all can be learnt. If you are prepared to put in the time and the effort to learn these skills then there is nothing to stop you being a successful online entrepreneur whatever your background. Many people attracted to the idea of starting a home-based online business back off when they come to realise how many new things they need to take on board. There is no need to fear! With internet marketing, if you follow the plan you will succeed.

If you can seek out a mentor, someone who has the knowledge and experience to guide you, someone who can show you how to start an online business, this will be of great benefit. If you can find someone who both’ talks the talk’ and ‘walks the walk’ you will find their support and advice immensely helpful. In the absence of such a person, the next best option is to subscribe to a quality online course, of which there are many. If you go down this particular route, however, choose the course with care. Before signing up to anything and making a financial commitment, do an internet search of the company or individual to whom you are thinking of subscribing. If there is anything shady about them or their course, a simple Google search will reveal this.

How long it takes to get your business up and running really doesn’t matter. We are all different, coming from different walks of life with different skill-sets and with different perspectives of exactly what we want to get from the business. When it comes to starting a home-based internet business, it takes as long as it takes! Some people set off like a railway train whilst others begin more slowly and tentatively. Work at your own pace and get it right. This is far preferable to …

Why Should Small Business Enterprise Go For Online Marketing?

If you are looking for a powerful online marketing tool then you cannot ignore the importance of email marketing. It is considered as the best tool for letting people know about your company and the service it provides to the rest of the world. No matter in which part of the world you work from, internet has shrunk the world. People from various parts of the world can get updates about your business and become your clients as well. It is because of this reason small business companies are relying heavily on internet marketing so that they can build repute in the market.

Internet marketing can reveal promising results if it is practiced in an organized manner. The small business enterprises have been using it massively to promote their products and services. Internet has broadened their reach and has helped them to make more profits. The biggest advantage of internet marketing is that it is a measureable marketing channel. You can keep a track on how many people visited your pages or website. With email marketing campaign you will see how your business is recognized on a platform that is massively used by millions of people. You can easily tailor the content as per your style and preference to target your customers.

The biggest advantage of online marketing is that it is highly cost effective and lies within the budget range of small companies. This is the reason why internet marketing is immensely popular among the SMEs. You can easily keep a track of your potential customers that help you later in devising a marketing strategy for your business in future. You will be given a chance to contact them and get them into business. The most common techniques used by the small business organization in online marketing include video marketing, pay per click (PPC), mass media marketing and search engine optimization. Each method has its own pros and cons which you need to consider before employing them.

If you are doing the online marketing for the very first time, you will surely need someone’s help to get started. It takes time and patience to learn the basic skills on internet marketing and become an expert in it. Just like any other work, you need to be very determined if you want positive results. Those who remain steadfast and keep trying always get a chance to reap the benefits of online marketing.

To get started, you can ask in your social circle and see if there is someone who can guide you about how internet marketing works. In case there is no one to guide you there is no need to lose hope. You can find a number of internet marketing professionals in the market who will be willing to teach you. Paying out a few dollars will not do any harm because the benefits you are going to avail in the long run cannot be compared with this minor cost you pay in the beginning. Once you have learnt …

The Importance of Design and Marketing in the Investment Business – Part 1

Marketing and finance are the cornerstones of a successful business. You might protest and say that, first, you need a good product, but there are countless examples of products that were successful, solely, from marketing, like the pet rock, in the 1970’s. Moreover, marketing is not only the collaborator of finance but is also finance’s coconspirator. Indeed, marketing is more important to the financial industry than finance, itself, something that people outside of the financial industry fail to grasp.

Perception is more important that reality, for what we perceive is real to us. In that regard, from the very bottom of the financial system, money and banks, there is a need to shape perception. Paper money was developed by Italian goldsmiths, in the Middle Ages (actually, China experimented with it as early as circa 900 A.D., but the experiment failed). As gold was, then, the major medium of exchange, people would sometimes need a place for safekeeping, and the goldsmiths kept it for them, in their vaults. In return, gold receipts were issued, and those became accepted as legal tender. Moreover, those same Italian goldsmiths became the first banks and the precursors of modern banking, so-called fractional reserve banking. They discovered that, as keepers of gold and issuers of gold receipts, they always had more gold in their vaults than was needed to redeem receipts to those looking to make withdrawals. Given that, they mad loans by writing more receipts for more gold than they have in their vaults, and that is the essence of modern fractional reserve banking.

In modern banks, most of the money that is deposited is in demand accounts, from which money can be withdrawn at any time. Demand accounts and other restricted savings accounts are on the liability side of the banks’ balance sheets. Then, banks make loans by making book entries into accounts for people borrowing money, and money is created, in the system. Moreover, there is a mismatch in the maturity structure of the assets and liabilities, in that deposit can be withdrawn, almost anytime, while loans, the assets, usually have longer-term maturities. In order to keep this house of cards from crashing down, confidence must be engendered in the depositors, which is tantamount to shaping perception, which is what marketing is. When people lose confidence in a bank, and panic causes a so-called run on the bank, whereby all or a large number of the depositors, all at once, demand that the bank return their money, it can result in bank failure because no fractional-reserve bank could fill all of its depositors’ requests, at once, since, in the normal course of the fractional reserve banking business, banks do not keep a reserve equal to one hundred percent of deposits.

Design also enters the picture, in finance, even at this basic level of banks. Banks offer a safe place to keep your excess cash and to get it out on demand. What actually underlies most banking products are put and call options of …

How to Start a Successful Online Business With Branding and Web Design

The development of your website design is the most important phase of your marketing strategy to establish your best possible market position. Without a strong and constructive design you will fail to reach the right potential customers which you need to achieve your business goals. The development phase of a website consist of several important parts that include:

• Creating the raw site and a final review of the website design
• Personal and company branding
• Development of specific e-commerce business divisions
• Testing, tweaking, testing, tracking
• Taking your website live
Refining of website and processes

There are several main steps you need to pass before you can go live with your website and online business.

Website development
Develop a web presence that is based on your business branding and design. The combination of these three elements will reinforce your online business strength and help you to secure a good place within the e-commerce community.

E-commerce development
A constructive and easy e-commerce experience is significant for capturing the confidence and self-assurance of your customers. This includes all aspects of e-commerce: product database, product display, security, and shopping cart. Use only the best tools as this is the heart of your online activity and for success.

Marketing strategy
Marketing requires a strong and solid development phase which will allow you to launch your online business with success from the first moment. The development phase of your business strategy should be as meticulous as possible before you go live with your website. The more safe and sound the multiple divisions of your site and company existence are, the more success you will maintain. If your business is just new on the market, be proud and honest but promise only what you really can deliver.

Business Design
Developing a design for your business that augments your image and reinforces your web presence is a very critical point for the success of your business. Your aim is to create a design for your company that you can use across the board:

– advertising
– branding
– e-commerce
-distinction from competition

The final result of this design procedure is the highest possible level of transition between all facets of exposure of your company to your customers. You want a design that is outstanding and recognizable, and that suggests confidence, quality, reliance and ethical behavior to your customers.

There are three main points that you need to build up in order to accomplish this:

• Logo and company identity
• A revealing, simple to navigate web design
• Successful e-commerce experience for your customers

Create a simple, uncomplicated and crisp design for ease of recognition. Your design should be dinging and clear-cut about the statement you want to make yet simple enough to lure customers to involve themselves in your web pages.

Further, the design of your company should be completely interactive linking the visual communication with your customers and your web presence. Design is all about reaching your customers and interacting with them …

Lucky Charms and Numerology; Your Personal Magic Square Talisman

Long believed to possess great magical properties in India and the far east; numerological Yantras are Magic Squares attuned to an individual by using the numbers of their date of birth to construct the square. Yantra Magic Squares can be used for divination, to bring good luck to the bearer, ward off harm and ill luck, and to draw love and prosperity to you like a magnet. They are relatively simple to make, can be drawn or printed on paper, inscribed on metal, or carved in wood or stone.

In general, Magic squares are any regular grid of numbers; (3 x 3), (4 x 4), etc. where each box of the grid contains an integer number, and all of the rows, columns, and diagonals add up to the same total. Several famous western occultist created and worked with Magic squares: Agrippa, John Dee, Abramelen, and the Golden Dawn just to name a few. Even Benjamin Franklin had a passion for constructing magic squares.

Yantra Magic Squares

The only book I’ve seen that describes them in detail is “Talisman Magic, Yantra Squares for Tantric Divination” by Richard Webster (Llewellin Publications, St. Paul, Minnesota, 1995). It’s currently out of print, but you can find it out there. The book provides a formula for constructing a (4 x 4) magic using your birthday numbers, and your Life Path from Numerology. Let’s look at an example to see how they are made.

Johnny Depp’s Magic Square

Johnny Depp was born on June 9th, 1963. His Life Path of (7) is calculated as follows:

6 + 9 + 1963 = (1978) = 1 + 9 + 7 + 8 = (25) = 2 + 5 = (7).

The top row of his Yantra Magic square if filled in from left to right with the Month, Day, Year (without the century), and his Life Path as follows:

( 6 ) ( 9 ) ( 63 ) ( 7 )

This row sums up to (85), so we fill out the Magic square with numbers such that all of the rows, columns, and diagonals add up to (85) giving us the following result.

( 6 ) ( 9 ) ( 63 ) ( 7 )

( 61 ) ( 9 ) ( 4 ) ( 11 )

( 8 ) ( 64 ) ( 8 ) ( 5 )

( 10 ) ( 3 ) ( 10 ) ( 62 )

Summation

Using some very simple techniques and materials, anyone can make a potent talisman to attract money, good fortune, and help you reach your life goals; all through the power of numerology.…

The Process to Earn Money Online Quickly

Earn Money Online Quickly – The process of Internet Marketing

The process or earning money online using your home computer is easier today than ever. The growth of internet users surpassed the 1.8 billion mark in 2010, with the size of the market, if you learn the process for earning money online, you can effectively insure your own success in making money in internet marketing. Once you have learned the requisite skills and processes, you can apply them to a multiple website platform, allowing you to quite quickly earn money online.

So the first thing you have to do is to learn the skills required to generate an online income. The creation of an online income will not happen magically, however when you have granted the concepts and developed the requisite skills, you can begin to earn money quickly and consistently.

Determining which method to use for your marketing strategy is the next part of the process for you to address. The methods to choose from include affiliate marketing, blogging, product creation and membership site creation, among others. The selection of a strategy is a personal decision, however once you have initiated a process, I suggest you master it before you move on to the next method.

An attempt to implement several strategies simultaneously is a recipe for failure. A person can be easily overwhelmed, leading to frustration and then abandonment of the effort. I have kept my focus on mastering methods to generate revenue within a specific marketing genre, and then implementing steps to realize the growth of the business. Time management will be a key to your success or failure, until you are able to afford and effectively manage outsourcing some part of the workload.You should develop a learning curriculum for yourself, based on the modus operandi for earning income online you decide to utilize . Decide what market niche you would like to operate within, select a key phrase based domain. build your site and drive traffic to it. It is as simple as that. Of course there is a great more detail than that to the process, in order to round out your education, I suggest you enjoin the Mass Money Makers, Matt Bacak an Alan Sultanic.

You can find them at EliKen Marketing …

Either a Lender or a Borrower Be

Personally, I think Shakespeare had it wrong when he penned this advice in Hamlet: “Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry.” Perhaps he may be forgiven for his error, however, since Shakespeare suffered from a lack of the tremendous benefits of a truly self-directed IRA.

Money in self-directed IRAs can be loaned out to any person who is not a “disqualified person.” While this means that you cannot loan yourself or other related disqualified persons money from your self-directed IRA, you can loan the money to anyone else. Loans can be secured by real estate, mobile homes, equipment or anything you like. If you are really a trusting soul, you can even make a loan from your IRA unsecured (although in that case I personally would tend to support Shakespeare’s advice).

First, let’s look at it from the borrower’s perspective. At our office we offer a seminar entitled “Make Money Now With Self-Directed IRAs.” One of the ways you can make money for yourself right now with your knowledge of self-directed IRAs is by creating your own “private bank.” To do this, simply share the news that an IRA can be a private lender, refer people with IRA money to Entrust to open a self-directed IRA, and then borrow their IRA money for your own financing needs.

With private financing the loan terms can be whatever the borrower and the lender agree to within the legal limits. If you know a person who is getting 5{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} in a “safe” IRA at a bank, and you can offer them 9{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} secured by a first lien on real estate with only a 70{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} loan to value, would they be happy with that? Even with a higher interest rate, private financing can work for you. IRA loans can be done quickly and without a lot of fees or fuss, which may mean you can get a deal which might be lost if you had to wait on the bank. This is especially true in distressed sale situations, such as a pre-foreclosure purchase.

From a lending perspective, your IRA can grow at a nice rate while someone else does all the work. In a typical hard money loan, the borrower even pays all of Entrust’s modest fees as well as any legal fees for preparation of the loan documents. True, you won’t hit a home run with lending, unless you are fortunate enough to foreclose on the collateral. But the returns can be quite solid. For example, by making very conservative hard money loans my Mom’s IRA has grown by about 10.5{4917788a0bd7aa7369c2a945027b4fe6c9853cda4150a24fe1255b18ce3083dc} in one year. This is much better than the amount she was earning in her money market fund before she moved her IRA to an Entrust self-directed IRA.

Even small IRAs can combine with other self-directed accounts to make a hard money loan. My brother recently combined his Roth IRA, his traditional IRA, his wife’s Roth IRA, …