The Secret To Protecting Your Business AssetsWritten by Richard A. Chapo
Regardless of type of business you conduct, there is a significant risk of being sued in our litigious society. Lawsuits can range from claims of negligence to defective products to disputes with employees. Incorporating is a means of guarding against these potential threats. Single Incorporation - Protecting Your Personal Assets Incorporating your business is a method for creating a legal wall between your personal assets and business. Any judgment against your business will not impact your personal assets. While your home, savings, stocks, etc., are protected, what happens to your business? If a judgment is rendered against your business, business assets are as good as gone. This doesn’t have to be case. Double Incorporation Strategy - Protect Your Business Assets Many businesses can benefit from pursuing a double incorporation strategy. The strategy is designed to address situation where a business has significant assets that are exposed to litigation risk. If you incorporate your business, it is all well and good that your personal assets are not at risk. But what if your business has a number of high value assets such as manufacturing machinery, office equipment, popular domain name, custom software or other items? Merely incorporating your business will not protect these assets because they are owned by business entity. Since a successful lawsuit would result in a judgment against business entity, all assets of business could be seized as part of judgment. In short, you lose your machinery, office equipment, intellectual property or any other item of tangible value. The double incorporation strategy prevents this scenario.
| | Top Ebay Selling TipsWritten by Ebay Steve
Hey kids - EbaySteve here again! I just want to share with you guys'n'gals a few little tip-ettes and tricks that I personally have always found to be Steve-tasticly good for pulling in greenbacks with help of mighty Ebay. Number one on EbaySteve's list - know your market!. Check Ebay for similar items BEFORE you start knocking up yours - a title search is best way to do this - you want to find completed items sorted by price. These are ones that actually sold - i.e. seller got it right! EbaySteve would never even CONSIDER an auction without checking out competition first! Oh yeah! This gets us to ebaySteve's next super tip - decide on your price now. As you kiddies will know, you can set a 'Buy it Now' price on your auctions - this is generally what you think an item is actually worth (at least to you - ebaySteve often wastes a happy Friday afternoon searching 'Bay for "domain" auctions - some of these wutangs think a 90-letter domain in greek is worth millions! Hah! call dumbo police!). Remember, ebaySteve says that your opening bid (the price you want to start auction off at) should be MUCH lower, or everyone will think you are Pennywise Clown. Don't ever forget, once an auction gets going, it can take on a life of its own, and setting a low start price is easiest way to stimulate that initial excitement, especially on an item in mucho grande demand (like ebaySteve's used socks, for example!). While we are on this one, don't bother with secret 'reserve' prices. If you don't know what your item is worth, you shouldn't be selling it! EbaySteve's next tip? How are your potential buyers gonna find your auction? They will search for it. That means you have to get your keywords into your auction title! No point having a title that bangs on about 'great opportunity, never to be repeated bargain' etc etc if yo forget to say '1967 Ford Mustang' too! EbaySteve super-tip - don't bother with punctuation, or silly characters - if you waste your title with that stuff, they'll never find you in first place! Only mis-spell if it is likely to be searched for, because Ebay search finds exact matches. If you need more space, use a subtitle. These cost a cool 50 cents, so ebaySteve says use 'em on items below about $25.
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