Small Business Owners and Internet Marketers Can Use Corporations to Create Wealth

Written by Steven M. Strowder


Continued from page 1

You can also establish your families medical and dependent care plan under your corporate entity, and it is tax deductible. Worried that you're not making enough money from your business to use these options. I'm not saying that forming a corporation is for everyone at first. You need to talk with a tax attorney who has experience with forming and managing corporations. Set your options according torepparttar size of your company.

Now, forrepparttar 106756 cons of having a corporation. The one major con forrepparttar 106757 small business owner is double taxation. The money that you allocate to yourself as salary is taxable atrepparttar 106758 corporate rate. However, it is also taxed again when you declare this income on your personal income tax return. What you have to do is decide ifrepparttar 106759 pros associated with forming a corporation out weighrepparttar 106760 cons.

I have only scratchedrepparttar 106761 surface onrepparttar 106762 subject of corporations. I advise you to start by readingrepparttar 106763 following books:

Rich Dad, Poor Dad By: Robert Kiyosaki Cashflow Quadrant By: Robert Kiyosaki Multiple Streams of Income By: Robert G. Allen Loop-Holes ofrepparttar 106764 Rich By: Diane Kennedy, C.P.A.

You can purchase these books at discount rates at:

http://entertainmentmust.vstoremisc.com

or visit my web site listed below.

I hope this article got your attention. Now you have to dorepparttar 106765 research. Readrepparttar 106766 books I suggested, and talk to a good tax attorney with experience in forming corporations. If you have any questions, feel free to email me anytime.

Steven M. Strowder, Editor http://www.achieve-financial-freedom.com mailto:owner@achieve-financial-freedom.com Join my Free newsletter and receive my free ebook: mailto:subscribe@achieve-financial-freedom.com


Nine Steps To Stabilize Your Business During The War Of The New Millennium

Written by Acey Gaspard


Continued from page 1

5. Stock up on products and supplies that your business depends upon, especially if you rely on international items. You may encounter delays or difficulties in receiving these products.

6. Take time to do some cost cutting. Focus on areas where money is being spent unproductively.

7. This is a good time to liquidate all non-profitable assets. This may consist of stock, equipment, furniture, etc. Have a sale to eliminate your unwanted stock and place classified ads to sell off your non-profitable assets.

8. When times change, people’s attitudes change. Look for ideas that can help cater to your customers needs during this time. Think of an idea that will benefit your customers and strengthen your business. For example, security is on everyone's mind. Can you provide your customers with a security-related product that is associated with your business? Can you provide extra precautions at your establishment that will make your customers feel safer? The ideas are endless. Take some time to think of a few.

9. Keep an amount of cash on hand in case of a network breakdown and you are unable to use a banking machine. This doesn’t have to be a large amount, just enough to get you by untilrepparttar problem is resolved. These tips will help you stabilize and strengthen your business during these changing times.

These tips will help you stabilize and strengthen your business during these changing times. Always keep in mind that you have to move ahead and take it one day at a time. Focus on repparttar 106755 positive, and remember that we are all a lot stronger than we think! To assist you in implementingrepparttar 106756 concepts in this article I have provided you with a Excel Worksheet Absolutely Free. Visit http://www.atouchofbusiness.com/waro/free.html

Acey Gaspard operates A Touch of Bussiness.com, dedicated to providing you with informative business products to keep your business working at its peak performance. Visit today and sign up for a monthly FREE newsletter that will provide tips to help optimize your business.


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