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Finance | Get the real facts about personal finance.

Steps to Forming an LLC in 30 Minutes or Less (Without a Lawyer)

November 23, 2019 By Cade Hildreth Leave a Comment

While you were probably misled to believe that  forming an LLC was complicated, it’s actually very easy to do. Did you know that nearly half of all Americans own or work for a small business? And, if you’re one of the millions of people who own their own business, you have a lot of decisions to make.

What’s the best way to organize all of my receipts? How do I find good employees? The challenges of owning your own small business can be overwhelming at times.

One of the biggest challenges small business owners face is when and how to file for an LLC. Turning your small side project into a legal entity such as an LLC is a big step, but a necessary one, if your business is growing fast or you want to add a layer of legal protection.

In this article, we’ll discuss the eight steps to forming an LLC, so you can rest assured that you know how to handle the situation. Of course, there are other legal entities you could consider too, so check with a legal adviser if you’d prefer to form an S Corp, C Corp, or Non-Profit instead.

Now then, let’s get started!

[Read more…] about Steps to Forming an LLC in 30 Minutes or Less (Without a Lawyer)

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Filed Under: Uncategorized Tagged With: business

How to Become a Better Negotiator, Immediately (9 Tactical Tips)

November 19, 2019 By Cade Hildreth 2 Comments

While many people are intimated by negotiating on a major purchase, such as a new car, house, or salary increase, there are simple and straight-forward techniques for how to become a better negotiator immediately.

Negotiating is one of the more intimidating activities for an entrepreneur, but becoming a more effective one can empower you in all walks of life – from negotiating a raise to making more sales at higher price points. The best negotiations will have both parties walking away happy.

How to Become a Better Negotiator

Read on to learn nine tactical tips that will make you a better negotiator, immediately. [Read more…] about How to Become a Better Negotiator, Immediately (9 Tactical Tips)

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Filed Under: Finance, Finance, Finance, Finance Tagged With: negotiation

3 Transformative Tips to Refurbish a House to Sell

November 18, 2019 By Cade Hildreth Leave a Comment

Did you know that Americans spend over $400 billion every year on residential repairs and renovations? Some of these fixes are to suit the needs of current residents. Other projects come about before a house hits the market for sale.

The cost of refurbishing a house in its entirety can range from $100,000 to $200,000. However, you do not have to completely refurbish a house to get a return after you sell.

You may be contemplating picking up a fixer or selling your own home. If so, read this guide for three pointers on how to refurbish a house and actually generate a return on your investment. [Read more…] about 3 Transformative Tips to Refurbish a House to Sell

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Filed Under: Real Estate

How to Start Investing Even If You’re Broke

September 15, 2019 By Cade Hildreth Leave a Comment

Knowing how to start investing with just a little bit of money is the first step to building a financial future for yourself.

While returns are never guaranteed, historically S&P 500 — which measures the largest 500 public companies in America — has gone up an average of 10 percent a year, and 13.4 percent a year between 2013 and 2017.

Better yet, real estate can frequently pay you 15% or more on your money (called an “Internal Rate of Return” or IRR). Part of the reason for these amplified returns is that real estate allows you to use leverage (mortgages), because your debt obligations are backed by real assets. [Read more…] about How to Start Investing Even If You’re Broke

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Filed Under: Uncategorized

Working from Home: The Secrets Of Claiming A Home Office Deduction

September 5, 2019 By Cade Hildreth Leave a Comment

Nearly 70% of all small businesses in the U.S. start at home, which is why it is valuable to understand the nuances of claiming a home office deduction.

This is due to obvious reasons (renting office space isn’t cheap), but working from home is a lot more financially advantageous than most people realize. The IRS has rules that allow business owners to write off rent, utilities, equipment, renovations, real estate taxes, and more. In many cases, these tax rules can bag you $1,000 or more come tax time.

The average person can take off a lot of their everyday expenses and alleviate some of the stress that comes with entrepreneurship. You can even have your home office in a separate space from your actual home. How much you can get off your home office deduction will depend on meeting certain requirements and keeping proper documentation. [Read more…] about Working from Home: The Secrets Of Claiming A Home Office Deduction

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Filed Under: Uncategorized Tagged With: taxes

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