- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
Archive for February, 2010
-
Open for Business Timeline
Reading time: 3 – 5 minutes Now that we have went through everything you need to know to start a business let me put them in the order in which you should start. This way you can create a checklist in order of when you should do each step. You should go through the process of starting a business anyway and get all of the steps listed below done ASAP. When the time comes that ...
-
(Day 3) You, S or C
Reading time: 3 – 4 minutes When you set up your corporation most likely you will want to make a S-Corp. declaration. A S-Corp declaration makes sure the IRS and the State sees your corporation like a Sole Proprietorship aka you are the corporation. For tax purposes this is a big deal because in a regular corporation structure “C” you get taxed twice. All corporations start off as a C-Corp so you have to elect ...
-
(Day 2) Ink the INC
Reading time: 4 – 6 minutes There are two things you need to decide when forming your corporation. 1) Are you just going to operate in your state 2) Are you trying to build a empire? The reason for these two questions will determine where you incorporate. Some states are business friendly and if you are thinking about starting Coca-Cola it would be wise to incorporate there. If you are only going to make Local ...
-
(Day 1) Why Corporations
Reading time: 4 – 6 minutes Corporations are by far the most used business structure and by far the best structure for protecting your assets. Most people are discouraged by the paperwork involved to maintain a corporation but it’s simple and if you want other people will take care of it for you. Corporations are the structures that are necessary to be listed on the stock market. Corporations are what the majority of laws in ...
-
Independence Podcast (In the Black Series)
Reading time: 2 – 2 minutes Accumulating money without transferring that into wielding some kind of power is what TV is made of. In reality the accumulation of money steers the world we live in and is the motivation behind most of the problems and their solutions. I would be doing you a great disservice not to talk about how translating your hustle into owning the block will keep money coming in for life. Ultimately ...
-
Negotiating a Office Lease
Reading time: 3 – 5 minutes Now that your business is moving out of the two bedroom apartment I talked about earlier you think it’s time to get a office. Well most people think they are signing their life away or that the landlord sets the terms but that’s all a mistake. You as the lessee have the right to tell and negotiate the terms you find favorable. Most landlords want 1 year leases but ...
-
Business Credit
Reading time: 4 – 7 minutes I know you’ve heard of Dun & Bradstreet and building up your credit by all kinds of BS but I’m not going to talk about scams. Dun & Bradstreet is unnecessary and it’s a scam that dummies pay because some other dummy told them to pay for it. Credit is credit and you having a D&B number is as important as you having a cow brand on your arm ...
-
LLP or Limited Liability Partnership
Reading time: 3 – 4 minutes Usually you only see a LLP with a law firm, architects or an accounting firm but depending on what state you are in it can be used in different situations. A LLP structure and main point of focus is on allocating risk to the biggest partner who put in the most chips. So if you, Elvis, MJ, and Diana Ross formed a partnership since you are not as paid ...
-
Kids In the Game Podcast (In the Black Series)
Reading time: 1 – 2 minutes So many of us know exactly what we wished someone would have put us onto when we were kids. As an adult you know if someone would’ve pulled your coat and forced you to learn how to make money it would have been worth it today as a man. This podcast is to give you a real reason why you should be forcing your children, nieces and nephews to ...
Twitter
Youtube
RSS
Email
Facebook
