Structuring Your Company
Structuring Your CompanyBy Published October 1998[http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] In Canada, you'll pay 60% taxes on your pretax profit. In the UnitedStates you'll pay Federal and States taxes on your pretax profit. Thismeans that a California business pays 41% in taxes. You make money when you save on taxes. I'm not an attorney nor an accountant.
I'd advise that you discuss taxstrategies with your tax advisers. I'm offering the following from mybusiness experience. I work on the premise that you must pay taxes in thejurisdiction in which you earned the money. If you have a local business, don't incorporate in a tax haven state, likeNevada. The taxing state will still want their taxes on the money youearned.
Too many local businesses incorporate in such a way that the corporationpays taxes on the business income and the owners pay taxes on the proceedsfrom the corporation. If your corporate pretax profit was $100 inCalifornia, after taxes your company has $59.00. If you pay the $59.00 tothe owners, they must pay taxes and the after tax profit is $34.81. Toavoid paying 65% taxes, the owners should never have incorporated. Theyshould have asked their tax adviser about forming a LLC.
If you have a national business, incorporation in a tax haven State maymake sense. Compared to California, you'll save 8% on your company's income taxes. If the State tax savings justify tax haven incorporation, do it. If you have an international company, incorporation in a tax haven makessense. It won't save your company taxes on your U.
S. or Canadian businessincome. It will save you 40%-60% on your non-North American businessincome. This strategy is being used by almost every multinationalcorporation in the World. It's an inexpensive tactic that will save yourcompany hundreds of thousands of dollars.
If you need help creating a taxhaven corporation, please contact me. Whether you are a business owner or investor, you should consider a globalapproach to money and investment. The International Money School offers an excellent primer in sound global money management. If you would like toattend the next one-day course, please contact me.To contact the author: Visit the Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit the Global Village Investment Club Website:[http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/].
WestHost Launches New Personal and Business Web Hosting Plans
Providence, Utah (ContentDesk) March 20, 2006 -- WestHost Inc., a leading web hosting provider (http://www.westhost.com), recently announced the release of completely new personal and business hosting plans. While few shared hosting companies have created an offering tailored specifically to individual or business needs, even fewer are bundling comparable applications without increasing costs.WestHosts new Personal Plans are lower priced, offer a large amount of disk space and bandwidth, and include features geared towards individuals, such as blogging, photo albums, and forums/message boards. Business Plans also come with a generous amount of space and bandwidth, yet incorporate business-specific features like shopping carts, search engine submission tools, advertising credit, SSL security, multiple domain support, and added e-mail.Over two years ago, WestHost shocked the industry by offering Virtual Private Server (VPS Hosting...
WestHost Launches New Personal and Business Web Hosting Plans
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Tax Trap #1: Waiting to Incorporate: What A Difference A Date Can Make
NOTE: This is the first in a series of 5 articles:"Small Business Tax Traps and How To Avoid Them"If you're a sole proprietor, perhaps you've consideredincorporating your small business or self-employmentactivity.And so maybe you've been wondering,"When is the best time to incorporate?"From a legal standpoint, any time is the best time.The sooner you incorporate, the sooner you make the movefrom the world of unlimited liability to the world oflimited liability.From a tax savings standpoint, any time is the best time.The sooner you incorporate, the sooner you will startputting more money in your own pocket and less in Uncle Sam's.(For more about the potential tax savings of acorporation, see the second article in this series --"Tax Trap #2: Double Taxation -- Isn't Once Enough?"http://www.YouSaveOnTaxes.com/tax-trap-2.html)But from a **tax reporting** standpoint, there is one timeof year that stands out as best: January 1st.Why...
Tax Trap #1: Waiting to Incorporate: What A Difference A Date Can Make
Incorporate > Tax Trap #1: Waiting to Incorporate: What A Difference A Date Can Make
An Extended Christmas Animation
According to the blog entitled "Animation" which was posted by Neil last December 2, 2004 at www.eightlines.com, someone spent way too long on a Christmas Flash animation. You can actually view the animation at http://www.tongcom.co.kr/dingani_13.htm. It was definitely enjoyable and entertaining! The animator used the song "Last Christmas" by Beatles as the background for the animated Christmas music video.I must say that the one who made this animation has already mastered the Flash software. For your information, Flash is a powerful software program that can be used to create animated movies that are small in file size, load quickly, and incorporate user interaction and sound. Apparently, it may appear to be a relatively simple program because of its few tools compared to other software programs.
However, a world of complex authoring structures, advanced techniques,...
An Extended Christmas Animation
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HomeDepot.com, OfficeDepot.com and Now RelaxDepot.com
(ContentDesk) June 14, 2004 -- We all know that when it comes to Home improvement on the web there's basically one place to go and that's HomeDepot.com. When it comes to office supplies the address is OfficeDepot.com. But where does one go to purchase relaxation and anti-stress products? Very simple: RelaxDepot.com. We are bombarded day in and day out how stress is the silent killer, how stress is the springboard for a whole host of illnesses and diseases. What can we do to eradicate stress from our lives?
By learning to incorporate relaxation into our lifestyle.
Not everyone is mechanically inclined...not everyone sits at an office desk, but we all could use a large dose of relaxation in our lives. RelaxDepot.com is the Superstore on the Web that carries everything for a stress free lifestyle. From Dead Sea products to massage aides, yoga to bath products. Books, CD's, DVD's, and a plethora of other products and services. We ship directly from our warehouse and most...
HomeDepot.com, OfficeDepot.com and Now RelaxDepot.com
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Need New Cooking Ideas? Try Puff Pastries!
If your family is anything like my family, they will be completely tired of eating meatloaf and spaghetti every other day.
Kids need variety in their meals.
The trouble is, sometimes the family cook runs out of ideas of what to serve for dinner!
If this is true for you, you could probably use some new ideas for meals.
If you use puff pastry, you're going to be able to serve a whole lot more choices at the dinner table.
Those of us who like to stock up may even have puff pastry already in our freezers.
Don't be afraid to cook with puff pastry though-- it is delicious and so easy!
Puff pastry is one of the simplest products to work with in the kitchen.
Do you know how to use your timer and your oven?
If so, then you can figure out how puff pastry should be cooked!
Bake it between 400-500 degrees Fahrenheit and watch carefully to avoid burning.
If you pay attention, puff pastry...
Incorporate > Need New Cooking Ideas? Try Puff Pastries!
Starting an Exercise Program
You know you need to exercise but have no idea how to start. What exercises will work the best for you? How much physical movement do you need? How do you find the time in your busy schedule to start an exercise routine?
If you have been inactive for a long time, consult with your doctor before you attempt any exercise program. Set a practical, sensible goal, one that is reachable for you. If you cannot exercise every day, do not worry, any physical movement is better than none and will benefit your body.
HOW MUCH EXERCISE:
How much exercise is reasonable and how much do you need?
A good goal for most people is to exercise at least every other day and spend at least 30-60 minutes doing it. However, if you are just starting out, DO NOT attempt 30-60 minutes.
STARTING OUT:
Start out slowly! You cannot expect to easily workout for 60 minutes if you have lived a sedentary lifestyle...
Incorporate > Starting an Exercise Program
Anti-SUV Crowd Entertained By New Hummer Parody Web Site
Sacramento, CA (ContentDesk) April 15, 2006 -- A growing number of people are against sport utility vehicles and these activists are having a good laugh at the web site, HummerH8.com.The word about a new Hummer parody web site has been spreading around the Internet lately. HummerH8.com is growing in popularity and has already amassed quite a following. The site is devoted to the fictional sport utility vehicle dubbed the Hummer H8.As many web surfers know, in Internet slang, H8 also refers to...
Incorporate Structuring Your Company Anti-SUV Crowd Entertained By New Hummer Parody Web Site suv
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Incorporate Structuring Your Company sample resume
Five Simple Steps to Speed up Your Computer
Most people download and save so much information on their computer that before long the computer starts slowing down and the user has no idea what the problem is. However, even if you are not a computer whiz there are several things you can easily do to speed up your computer quickly and easily.Tip #1 DefragOne of the first things you should do if you want to speed up your computer is to defrag. This is something you can easily do and a wizard on your computer will help you defrag. You might...
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