What Can Happen If Your Business Isn

(EMAILWIRE.COM, May 11, 2007 ) Suwanee, GA -- A lack of knowledge can devastate your bottom line. “Don’t Let this Happen to your Business!”What are the effects of not having a properly structured business? The business assets are at significant risk! Lawsuits can go after the owner’s property, their bank accounts, their business, etc. They and their business are extremely vulnerable. Their business could be foreclosed and their bank account drained dry.Never hold real estate or businesses in their own name. It doesn’t matter what type of business they have. They could have a software company or a deli, it doesn’t matter. Let me repeat – never have a business in their own name.What do they have to do to start their “own” business? All they have to have is a profit motive. They have to have the intent to make a profit. The tax codes and laws favor people that run their own business. If they have their own business then they can slash their taxes. The minute they make money their asset columns grow. If they are in business then their next move is to make money again. If they want to build lasting wealth then they can’t have a one shot deal. They have to have the desire to continually make money.People won’t sue them if you don’t have money. People will wait until they make money. Once they see that they have enough money then they will sue them. So it’s great to make more money, but with more money comes a higher potential to be sued. However, they can thwart these lawsuits if they have the right corporate structuring knowledge.Think about what they want to do with the money they earn. Do they want to travel? Do they want to buy a boat? Does the way they run their business favor these activities? Don’t forget about taxes. Every week taxes chip away at the money they could use for these activities. If they are employed by a corporation or other business then taxes are automatically taken out of their paycheck. These continual taxes make it more difficult to build lasting wealth.Also don’t forget about lawsuits. Lawsuits can hit them without notice and grab huge chunks of their money. Their dream vacation can be down the tubes in the blink of an eye. Basically, taxes and lawsuits can make it hard to get ahead financially.The bottom line is to not have businesses in their own name. Learn the business structure of successful entrepreneurs. They have learned how to protect their assets and run a thriving business.Remember, it's not only what they know, but who they learn it from. Learn from someone who is more successful than them. Learn the tricks of the trade and http://www.powerfulpromoter.com [internet marketing tips] from someone that has actually built wealth and not just written a book about it. Forget the past. It does not matter who they are or where they came from. Everyone deserves to be a millionaire. Contact Information: Stephanie Bunn 2935 Horizon Park Drive, Suite D Suwanee, GA 30024 (770) 271-1536 www.internetmillionairemind.com . Source: National Real Estate Network. Check out their website at http://www.megaeveningevent.com If you need look of meaning of any of words in this press release wikipedia is great source on the internet to look up meaning of: Lawsuits, Business structure, Taxes, Business entity structuring, Real estate, and Tax codes http://en.wikipedia.org.###This press release was issued through GroupWeb EmailWire.Com. For more information on press release distribution, go to http://www.emailwire.com.

National Real Estate Netroit, LLC
National Real Estate Network

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