Confessions of a Recovering MLM Junkie

Written by Bill Nieporte

Continued from page 1

Aren't there any other matters to consider in deciding whether to incorporate or not?

Higher administration costs to comply with company law, payroll and bookkeeping is one factor. Another issue is pension planning. Extracting profits out ofrepparttar company as dividends rather than salary means that there will be no "net relevant earnings" and therefore pension contributions can't be made. Butrepparttar 122571 advent of stakeholder pension plans has meant that contributions up to œ3,600 per year can be made withoutrepparttar 122572 need for any earnings. If a person does not wish to transfer funds in existing plans into stakeholder because of high charges, there is a way out:repparttar 122573 best net relevant earnings (i.e. salary) in five consecutive years can be used for making contributions forrepparttar 122574 next five years, even if there were no salaries inrepparttar 122575 remainder four years. It is comforting to know that entitlement to basic state pension is not affected by taking a salary fromrepparttar 122576 company atrepparttar 122577 level of a person's personal allowances i.e. œ4,615.

Furthermore, an individual may decide not to bother with pension plans and instead invest in ISA. Often, these can be more efficient than pensions but that's besiderepparttar 122578 scope of this article. If that option is taken, no salary is necessary.

Another factor is business motoring. It might be tax advantageous for an unincorporated business that owns many cars not to incorporate because if these cars have some private use there will be benefits in kind taxed onrepparttar 122579 users. These are generally higher thanrepparttar 122580 straight apportionment between private and business for all car running costs inrepparttar 122581 case of sole traders.

The conclusion is that there can be considerable tax savings waitingrepparttar 122582 sole trader who decides to go downrepparttar 122583 road to incorporation. But, one needs to proceed with caution and careful planning. And don't forgetrepparttar 122584 biggest advantage of incorporation, which is Protection from Personal Liability. Incorporating is one ofrepparttar 122585 best ways to protect a business owner from personal liability. Shareholders of a company are generally not liable forrepparttar 122586 obligations ofrepparttar 122587 company. Creditors of a company may seek payment from its assets, but notrepparttar 122588 assets ofrepparttar 122589 shareholders. This means that business owners may engage in business without risking their homes or other personal property.

Thank you for takingrepparttar 122590 time to read this Article. I hope you've found it useful. If you have, please drop me an email and let me know what you think.

You can email me at...

Alternatively, you can visit our website at and read a series of other full length articles that presentrepparttar 122591 complete picture on a variety of interesting topics.

If you would like to know how to save tax and make sure that more of your hard earned cash stays with you to expand your business and increase your profits, we have a Free Special Report addressed to small businesses either starting up or already in business. This Exclusive Free Special Report is available automatically when you subscribe to our regular series of Free Newsletters on finance advice and tax planning by visiting our subscription area on our website It is complied from real life situations dealing with small business tax affairs for over 10 years and it is loaded with down-to-earth advice and practical, understandable examples.

LEGAL NOTICE Whilst every care has been taken inrepparttar 122592 preparation of this article,repparttar 122593 author cannot accept responsibility for any errors or omissions. Proper professional advice should be taken at all times.

We retain copyright forrepparttar 122594 contents of this article. Any unauthorized copying or onward distributions are prohibited without our consent.

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How I Couldn't Sell Noah A Lifeboat.....If The Ark Was Full Of Holes

Written by Dave Cole

Continued from page 1

And if so, you can be a success in network marketing.

Can you follow a proven plan?

Step 1 Step 2 Step 3

I can give you that. I can give you thousands upon thousands of free leads. I can teach you how to build a business. I can teach you how to teach others to build a business.

What I cannot do is make you or force you to do it.

Some folks think network marketing is a lot of work.

I have fun doing it. Is having fun work? Every person I talk to about becoming a distributor with our team, I always ask them, "Don't do this unless you think you can have fun with it."

No fun = work

If your business is work, perhaps you might want to re-consider what you are doing.

If you dread making those calls or contacts, if you constantly have to force yourself to dorepparttar things necessary to build a business, then that doesn't sound like much fun to me....and it doesn't sound like you'll likely last long in that opportunity either.

Network marketing does take two things: 1. A Desire 2. A Passion

Network marketing is about Stretching - Stretching yourself to be more than you ever thought possible.

Can you use your imagination?

Network marketing is about:

Who you want to become. What level of financial freedom you desire to obtain. What you really want to do with your life.

Today's challenge is:

A. Are you ready to learn some new concepts of what being a network marketing professional really is all about?

B. Are you ready to BE all that you Really Can BE?

C. Are you ready to DO something about it?

Dave's E-zine provides you with valuable info on how to market your online business and how to make money online. All subscribers get 1 Free ad every week. Get your FREE subscription today.

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