Archive for February, 2007

Protect Yourself From Our Litigious Society

Tuesday, February 13th, 2007

Don’t skip this piece of information on Mexico real estate agents. Make usage this write-up to comprehend real estate more intensely and manifestly.

PROTECT YOURSELF FROM OUR LITIGIOUS SOCIETY
Presented by Jim Williams
www.abd2win.com
1-866-249-2472 Toll Free

We have all seen the ads: Have you been injured? You may be entitled to a Cash Award! or If you lost money in the stock market because of your broker s casino mentality, call us to recoup your losses!

It s sad but true If you accumulate wealth, you become a target for lawyers, the IRS or someone with less than you. The good news is that you can protect yourself from a devastating lawsuit.

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Did you know that you have a 1 in 4 chance of having a potentially devastating lawsuit filed against you sometime in the future? There are currently between 80 and 90 million lawsuits filed in this country each year. That is over 150 suits per minute! Over 70% of the world s lawyers are right here in the USA, and we are adding new ones at a rate of 50,000 per year! What do you think those new lawyers are going to do to the number of lawsuits filed annually?

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Unfortunately there is no way to completely avoid the possibility of being sued. There is, however, a way to reduce the risk of a devastating lawsuit, and to protect you personally should a lawsuit be filed. What you need to do is to arrange your affairs so that any activity that could create the potential for a lawsuit is transacted in a manner that will not affect your personal assets. Whether the activity is an operating business, rental property or any other risk operation, you need to separate yourself from those operations through corporate entities.

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John D. Rockefeller once said: Own Nothing, Control Everything

If you do not own anything, or it appears that you do not own anything, no lawyer will sue you unless someone is willing to pay his exorbitant hourly fees. If, on the other hand, the lawyer sees substantial assets, he may very well take the case against you on a contingency basis. Attorney s contingency fees in the US currently run in excess of 10 billion dollars per year!

The best way to protect your personal assets from this lawsuit-crazy world is by forming a legal entity separate from yourself. This can be a Corporation, Limited Liability Company, Limited Partnership or some combination thereof. However, you must keep in mind that in order for an entity to give you the protection you need, it must be set up and operated properly, and the type of entity or entities must fit your particular situation. If set up properly, your entity will not only give you the protection you need, but will, in most instances, pay for itself many times over in fringe benefits and tax savings. To find out more about the differences in each of these and other business structures just pull up our web site www.abd2win.com and go to our Business Structures page.

The benefits and protection afforded by properly structuring and separating your risk activities, like your business interests and real estate holdings, from your personal assets can be clearly seen with the following example:

John is a computer consultant that works out of a small office in downtown San Jose, California. His wife works with him part-time doing the books and records and other office duties, and she is his only employee. John s net income is currently $80,000 per year before taxes. He generates 75% of his business income from services, and another 25% from the sale of related software products. John and his wife had been operating as sole proprietors under their own names, without a corporate structure — for over 10 years until early in 2003. They had been able to acquire several rental properties over the years, and were becoming concerned about protecting their assets

At first, John thought he should form a C Corporation so that he could protect he and his wife s assets while also reducing their taxes. After learning the he could be construed to be a Personal Service Corporation by the IRS because his product sales were less than 50% of his overall sales, John decided on an S Corporation for the business and a Limited Liability Company for his real estate. By separating his business into one entity and his rental properties into another, John and his wife accomplished a number of positive things:

1.They moved the rental properties out of their name reducing the possibility that some overzealous lawyer might come after them personally because on the county records they were showing a great deal of wealth.
2.They protected themselves personally from a potential lawsuit generated against one of the rental properties. Any lawsuit filed against the properties would stop at the LLC and would not put their other personal assets at risk.
3.If they did have a personal judgment declared against them, the properties would be protected through a charging order.
4.They have protected their real estate and other personal assets from any lawsuits against the business. Since the business was set up as an S corp. all of the income flows through to John and his wife personally. Therefore, the only assets in the company would be those needed to maintain the day to day business. In other words, John can move the profits out of the company, and protect them from litigation at the same time.
5.They saved money on taxes by taking all of their fringe benefits right off the top by having things like automobile expenses, health insurance, travel, business entertainment, etc. paid for as legitimate business expenses by the new legal entities. They also increased their options on certain retirement plans.
6.They saved an additional $6120 on self employment taxes by splitting the $80,000 in half and taking $40,000 as salary and $40,000 in distributions. The 15.3% self-employment tax for Social Security and Medicare (FICA) is not applicable on distributions.

In addition to all of the protection they received, the total tax savings for John and his wife should be well over $8,000 per year. The total one time cost to set up both entities was approximately $1500!

If you would like to find out more about how to protect your personal assets, and have the government pay you to do it, call American Business Development toll free at 1-866-249-2472 for a free consultation. We would also love to have you visit our web site at www.abd2win.com where you can learn a little more about us, or send your questions by e-mail.

About the Author

Please see www.abd2win.com “Our Company” page

The closing word of this stuff, would let you comprehend the importance of it. Let me claim that folks who do study till the end are the ones who really benefit from the report.

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Real Estate & Mexico Real Estate

Saturday, February 10th, 2007

I obtained a phone from an author from a leading magazine Last Friday. He was looking for my point of view with respect to one write up he was working on the annual volume of the weekly magazine. I became charged up. Mexico real estate was the basic theme of the article. If he was assured I was the expert he was keen on speaking with I enquired. First of all I exposed I am a wholly docile fellow. At least I think I am a booster of team efforts.

As I first spoke of me I m emensely sure that he should have found it ironic. He nonetheless rescued me off any extra discussion regarding this. He was searching forward to many of my quotes based upon how and why real estate is injured due to Mexico real estate. That is really vigorous! After all why and how Mexico real estate creates disagreement for real estate is the subject matter of my coming book. He after that gave me an example about a seller who constantly outperforms his co sellers. More over the seller doesn’t serve any limitations of real estate. Such can substantially infuse a risky scene, I said. Perceiving the unrest I answered back where are the actual methodology?

Also the focus was mainly on the catchy comments about Mexico real estate. To pass on my very basic view I said that the inconceivable circumstances demand persona to match with them. Hence in case you desire others to recognize you then you surely need to obtain an individual that is different. Now when Mexico real estate products are exclusive along with being matching with Mexico real estate they will have them.

Could I pick a few real estate jargon questioned the journalist. Market cliche for real estate was in fact required to prepare a Mexico real estate rich magazine article.The basic one I lended him. At this place you will certainly desire to cognize the reason the buyers obtain the real estate services that they dont even purchase. In case Mexico real estate is convincing the consumers ought to carry the products.

I at this place was not assumed to be Mexico real estate supporter. It was expected to be a real negatory conversation. Speaking in accord I remained with in the chat. Howsoever thoroughly positive was my last comment.

I could not realise of some zippy, and wry points. Really people have so much to realise out of one another. Mexico real estate is bad solely wherein they are bad at their output. If in case you exceed the expectations public will fail to acknowledge you. You are ergo assumed to undertake a decision that is remarkedly ingenious. Expert views provided by me were wished by him to be exclusively distinctive. Catchy as well as conceived acts are not performed by you constantly. Nonetheless perform your goal!

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Augment Your New Experience Believing-in Mexico Condos.

Wednesday, February 7th, 2007

Won t you accord with me when I say that the key to your enquiry stays in the head that introduced the inquiry itself? You can reach the different levels, in case you are prepared to revolutionize and surpass your present reasoning blocks. As per real estate, you ought to welcome the Mexico Condos changes.

Many factors seem more yielding than they in fact are. For instance, if I ask you to go for simply healthy eating, you could put forth it is not a problem. Such commitments easily break when you are confronting with your loving eatables. The pleasurable thoughts of savory food would entrap you even more. The human thinking obviously compares the food images and the experience. Confiding you of different Mexico Condos benefits that can patron you serve your real estate demands is hence direct to your brain.

Mexico Condos is required for your all real estate expectations. To enjoy a new real estate experience, you should conform the set Mexico Condos means. How Mexico Condos works would arouse a big change in the way you see yourself & the way you are perceived by other people. The apt Mexico Condos can change you, your entire personality very quickly. Mexico Condos will aid you reach your commitments. To acquire a raise in real estate, the perfect source is Mexico Condos.

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