The World’s Most Common Company Types

Apr 24

You always wanted to be an entrepreneur, but can’t seem to choose the appropriate form of business? Take your time and do some research. The organizational structure type will affect your own legal liability and company’s income tax treatment. The world is a global village today, but village elders might have their own different rules.  The legislation can vary from state to state, but there are many regions offering great trade and business potential to start or expand your enterprise. You will have to do your homework and assess the advantages and disadvantages of specific business organizations.

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Key Things to Consider Before Migrating your Business Abroad

Apr 22

You are in business for some time now, everything is going well, you have covered the initial investment capital, and you gained a big profit. Both your business and marketing strategy seem to be quite good, since the improvement is evident, but it is no longer enough to keep contact with your foreign partners only over e-mail and video conferences. Now that you have sufficient funds, it might be a good idea to branch out, setting up another one abroad, but there are a couple of basics that you need to be familiar with.

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Cash Windfall? These Strategies Can Make Your Money Work For You!

Apr 22

Some of us are lucky enough to be the beneficiary of a significant cash windfall. Usually, this happens as a result of a relative or friend passing away and leaving us some inheritance money. Other times, it might be because we’ve sold something of high value, such as property.

Once you’ve got that cash in your bank account, you might be wondering what to do with it. Spending it is one option, of course. But then you’ll end up with little to show for it, save for some material possessions! Saving it is another option. But with interest rates so low these days, it hardly seems worth the effort.


Image obtained via Flickr

If you’re willing to take a risk with your money, there are plenty of ways to make your cash work for you. No, I’m not talking about “betting it all on red”! What I am talking about is using some logical strategies to invest your money for medium to long-term gain. Here are a few examples of what I’m talking about:

Clearing your debts

OK, so paying off any loans or credit cards you have balances on doesn’t seem like much of an investment. Or does it? If you wipe the slate clean, as it were, you are in a better financial position.

Using the money you would have paid towards your monthly installments, you can build up a large reserve of cash. Some of that money can get put in savings while the rest can get used as leverage towards investments.

Commodity and Forex trading

Two of the biggest markets that people buy and sell on each day are commodities and forex. The former refers to things like gold while the latter is foreign exchange – i.e. currency.

They aren’t as risky as conventional stock market trading, and you stand to make more of a profit on those two markets. With a plethora of online services like ACM Gold & Forex around, you can manage your money from anywhere in the world. As long as you’ve got a computer and an Internet connection, of course!

Peer to peer lending

Another way to make your money work for you is by lending it to other people! Thanks to the relative explosion of peer to peer lending in recent years, it’s now possible for anyone to become a lender.

The great thing about peer to peer lending is that you can choose how much risk you’re willing to take. For example, you’ll get a higher return on your investment if you lend to people with riskier credit records. Of course, the only downside is that if they default on their payments, you could end up with no money.

Despite that fact, there are systems in place to reduce such risk. All loan applicants are carefully screened. This includes performing affordability checks on them by the lending organization. Some places might ask applicants for guarantors to increase peace of mind.

So, what will you do with your cash windfall? Whatever you do, make sure you don’t spend it all without seeing some kind of return!


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What is a Guarantor Loan and is it Right for Me?

Apr 17

Being in any kind of financial difficulty isn’t nice, whether you owe a friend a tenner or the bank £10,000. The mounting debt can easily get on top of people and there are no signs of how you can get away from it with the interest adding more and more to the bill on an almost daily basis in some cases. It’s easy to see why debt has such a crippling effect on some people.

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Should I Get A Loan to Pay Off My Credit Card Debt?

Apr 16

If you are finding it really difficult to pay back your credit card debt because your spending got out of control, you didn’t make enough money to pay your bills month to month, and the interest rates and fees are too high for you to afford, you may be considering getting a loan to pay off your debt. But is it really a good idea to take out a loan just to pay off your credit card debt? After all, taking out a loan essentially means you would be putting yourself into even more debt with another lender.

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