While owning a business can bring a lot of rewards, it can also be quite risky. In today's fluctuating economy, many businesses endure financial hardships. If your company is suffering financially, your probably feel overwhelmed an unsure of what to do. One thing you can do to get out of debt is file for Chapter 11 bankruptcy. Here are several benefits of filing Chapter 11 bankruptcy: Automatic Stay After you file for Chapter 11, the judge will issue an automatic stay.
8 January 2018
If you have finished filing a Chapter 7 bankruptcy your life will not go completely back to normal immediately. Even though the stress is off your back you have to wait for other things to catch up, such as your credit score and buying a new home. Below is more information about this so you will be ready for what comes ahead. Increase Your Credit Score Your bankruptcy will show on your credit report for 10 years.
8 November 2017
It's necessary to file your taxes on an annual basis to avoid being fined by the government. There are forms that must be completed, and the right amount of documentation must be provided. However, the first thing no your mind may involve how to reduce the volume of cash you have to pay to the Internal Revenue Service. This just means keeping more in your pocket when you do. Knowing some of the things you will need to do before filing your income taxes can be helpful to you:
20 September 2017
Creating a family trust is an excellent way to keep your assets protected from creditors and to ensure that they are distributed to your loved ones as you intend them to be after you pass away. You'll need to find a reliable trust management company to prepare and execute your trust – here are a few important things to think about when comparing trust management companies and ultimately choosing one to work with:
6 January 2017
If you have a lot of old gold jewelry around the house that you do not wear or want, you could always sell the items for cash. There are businesses that buy gold, and they will buy all types of gold items, including jewelry. As you prepare to sell these things, you may wonder what to do about gold jewelry that contains precious stones. Well, here are a few things you should know about this before you sell the items to a gold buyer.
10 November 2016
When contracting with a bail bond company to get yourself or a loved one out of jail, you'll likely hear a lot of industry terms being thrown around. It's important to know what these terms mean and how they impact your transaction with the company to ensure you fully understand the bail bonding process. Here are three common phrases you'll come across and their definitions. Bail Conditions Most of the time when a judge imposes bail, the defendant is only required to show up to all court appointments to avoid forfeiting the money paid to get out of jail.
3 October 2016
According to the US Small Business Administration, around 75 percent of American small business owners make charitable donations each year. There are lots of ways to help charitable organizations, but it's important to understand the tax implications of giving away your profits. Learn more about the benefits of donating to charity, and find out how these donations can affect your annual tax return. Why donate money to charity Small business owners must carefully keep track of every cent that passes through their accounts, so it may seem odd to give away some of your precious profits every year.
9 August 2016