Benefits of Incorporating Your Own Business

Benefits of Incorporating Your Own Business
by Nancy Woodward

If you have a small business or starting one in the near future, it is important to look into the benefits of incorporation. The government provides benefits to companies that incorporate their businesses with tax breaks, limits in liability and benefits for employees.
The Ease and Benefits of Incorporation:
Incorporating your business is a very simple process that takes a small amount of time and can cost less than $500 to complete with the help of a lawyer. You can also incorporate your business on your own without the help of a lawyer by purchasing an incorporation book. These books show you the exact forms that need to be completed and the process to register your business with your state government. Incorporating on your own can cost less than $200.

Incorporating your business is an extremely safe and secure way to limit the financial liability of its owners. If your incorporated business fails, you the owner are not responsible. Your business, which is seen as a private entity, is responsible for its losses.

Corporations also include great tax benefits. You may be able to save money on business expenses, travel expenses, entertainment and other related expenses by controlling a corporation. If you purchase healthcare, your business can save on the considerable costs to provide it. So if you have a small business or are thinking of creating once, look into incorporation.

You can create a normal corporation, or perhaps consider a Sub-Chapter S corporation. The additional benefit of Subchapter S corporations is that the income and loss pass through to the owners.

For more articles relating to business and real estate visit Nancy at RealEstate or MortgageLoan for articles relating to mortgage financing. Nancy is an accountant and real estate professional with an interest in both subjects and currently conducting interviews or future articles.

Real Estate Agents - Safety is an Issue.

Real Estate Agents - Safety is an Issue
by Nancy Woodward

As a Real Estate Agent, I read articles from various sources. I read an article today that gave me reason to think. Is safety an issue when you are showing a house?

The article I read indicated the agent gets to an open house and hides the knives and sharp objects prior to hosting the open house. This agent is very safety conscious. She protects herself from the public as much as she can. Her point - I’m doing an open house. Everyone knows it is going on - see the sign and balloons. They know there is a potential to find a Real Estate Agent alone if there are no vehicles in the area.

This agent checks the sex-offender registry before going to an appointment with a potential client she is has never met. Agents in other areas have experienced problems in vacant houses.

Is she right? Well, I think that is a matter of opinion. I agree you must be safety conscious at all times. You must be aware of the potential, the crime rate in your area, the trends going on in the area you work, the neighborhood you are visiting and/or working in regularly. Use good judgment and mostly importantly “be aware”.

Nancy Woodward is an Accountant and Real Estate Professional.. visit Nancy online RealEstate

Credit Scores vs FICO Scores - are they the same thing?

Credit scores vs FICO scores - Are they the same thing?
by Nancy Woodward

No they are definitely not the same thing.

FICO scores were created by Fair Isaac Corporation. They are used by the mortgage industry to determine the creditworthiness of borrowers. The score is an indciation of how well a mortgage or loan will be repaid by the borrower. High FICO scores are best. Low scores indicate future non-payments. FICO scores primarly provide a guide to future risk.


Credit scores, on the other hand, are reported by three national credit bureaus - Equifax, Experian and TransUnion. The credit bureaus issue reports based on their credit ratings. They are used by many lenders and companies to check up on individuals but are not used primarily for mortgage lending. Credit reports show your current borrowings, accounts, status, how you pay your bills, and whether you have opened or closed accounts recently. The report provides data, does not make an judgement on your ability to pay. Credit scores show your historical credit information and how you paid your bills.


It is very important you verify the information contained in this report. Inaccurate information can harm you for a long time. Since this information is collected by the credit bureau and sold to merchants who request information on you, you need to check it yourself once in a while. In the event you find an error, put it in writing to the credit agency and the lender.


Nancy Woodward is an Accountant and Real Estate Professional. Visit her online http://therealestatedir.com/mortgageloan

Bank Online

Bank Online
by Nancy Woodward


Since the creation of the Internet, and secure encrypted technology to keep your personal information safe, the quickest and easiest way to conduct your bank transaction is to bank online.
With online banking you no longer have to worry about spending your lunchtime queuing in banks to pay your bills and balance your checkbooks. Now you can do all of this from the comfort of your computer monitor, either at home or in the office.
If you wish to go one step further, and fully automate your banking, it is now possible to create direct debt and standing order payments to pay your household utility bills, such as your electric bills. You can also pay your hire purchase and credit card bills via your online bank transaction options. Indeed, today it is even possible to submit your tax returns online and to arrange for any rebate to be paid directly to your bank. If, on the other hand, you are in the unfortunate position to have to pay more tax, with online bank options this is no longer a worry, as you can arrange all of this with a few easy clicks of your mouse.
If you have home or office access to an online computer terminal, you’ll find that most banks these days promote online bank facility options to their customers. Also, if you have multiple accounts, such as a checking account and a savings account, you can easily arrange for payments to be made between each of these accounts so that you maximize your interest earnings on your money, while at the same time ensuring that you always have enough in your checking account to pay all of your outstanding issued checks. This online bank facility can be arranged even where you have accounts with different banks, if each bank has online options.
With the procedures to arrange an online option to your bank transactions neither being time consuming nor difficult, next time you are online why don’t you give your bank url a quick look and see how online banking can help simplify your personal financial life, giving you more time to pursue those things that really interest you.

Nancy is an Accountant and Real Estate Professional visit her online Real Estate

Manage your time wisely!!

Manage Your Time Wisely

If you are always in a rush and can’t seem to get any of your tasks completed on time you might have a problem with time management. Time management is a simple concept, plan and organize your schedule to maximize the work that can successfully be completed. If you are finding that you never have free time or that you are busy doing unimportant tasks here are some tips to make your time more productive.

Time management is necessary for almost anyone in this super busy world we all live in. Whether running around for our children, working on a few projects at the same time or trying to juggle work and school, time management skills can really help.

Time management can be simple to learn, just sit down and work on a system that can help you plan your day or work week so that you can accomplish your goals. The first thing to recognize is, what goals do you want to accomplish and how you plan on accomplishing them in the time frame.
1. Make a list of your goals.
2. Break this list into smaller more focused goals.
3. Create a timeline to accomplish this.
4. Take time to consider why you have this set of goals, what will accomplishing this list do for your business and your life.
5. Find a buddy. The buddy system will help you to be accountable for your progress based on the timeline you have created.
6. Have fun with this. If you can create an atmosphere of joy, you will accomplish more.

Being organized is crucial, but can also alleviate a lot of stress. Many times we are stressed out because we are unprepared. If you would like to be prepared it is necessary to learn how to prioritize your schedule in order to maximize your work. So if you are feeling unorganized and not getting the tasks that you want completed, learn investigate time management skills.

Nancy Woodward is an accountant and real estate professional affiliated with “The Dream Team”. She is now working online at http://therealestatedir.com/realestate.

Business 101 - Keep it Simple
By Nancy Woodward

Now that you have made your decision to open your own business, what should you do? In an effort to make this a simple process that’s easy to implement, I’ve created a checklist you can follow. I find that working with checklists will help you to stay focused as you work to get your business started.

Make your decision to start. Create your business plan. This is vital; it will give you a guideline for progress and establish your niche.

Establish your business entity. You must decide on your business form – sole proprietorship, partnership, or a corporation. I suggest you get help with this from a qualified person.

Get a business license or complete all of the certifications required to start your business in professional, legal way.

Purchase Insurance - determine if you need it. If you do, buy it now before you need it.

Setup your office – Be organized. Just make sure you have what you need to start. You don’t need every gadget, just the vital ones.

Determine your schedule - No matter where you work (home or outside), you need set hours of operation. Your customers must know what to expect. Set your schedule realistically and stick to it.

Website - I believe in today’s environment, a web presence is very effective.

Research each item, do your due diligence and you will start your new business by putting your best foot forward.

Nancy Woodard is an Accountant and Real Estate Professional affiliated with "The Dream Team". Visit Nancy online RealEstate

Real Estate Auctions

Real Estate Auctions
by Nancy Woodward


If you are interested in either buying a house to live in or buying a house or property for an investment, you should look into real estate auctions. Many houses that have foreclosed are put up for auction, sometimes saving the buyer tens of thousands of dollars. If you would like to get into this business, here are a few tips.

Contact your county or city sheriffs department. They usually have a listing of real estate auctions in your area and they can provide you with the date and time and exactly what is needed to place a bid. You can also look at your local paper under government auctions for information on where the next available auction is being held.

If you really want to find the good deals, then you will have to do some research. Remember these auctions will save you tens of thousands of dollars so there is a lot of competition. You may want to sign up with a company that provides you with breaking news on which houses will be on the market. This way you can have plenty of time to analyze hundreds of properties to find the best property to bid on.

There are also services that help you step by step find a great auction property, bid on it and then sell it immediately for a quick profit. These programs are usually inexpensive and can provide you great tips and tricks on how to get the most return on your investment.

So if you’re looking to get into the real estate investment business, take a look at real estate auctions. I was interested to find that there are online auctions and sales sites. You can see an example of an online auction by visiting http://www.newspecialsanddeals.com

Owning Real Estate is a basic desire in most of us. Buying it at a discounted price today is the way to go. As real estate prices rise, it becomes harder to ‘find that deal’. Take care and do your research, you will be rewarded immensely.

Nancy Woodward is an accountant and real estate professional affiliated with ‘The Dream Team’. Nancy is currently researching articles and interviews with real estate and mortgage professionals. If you have a interest in participating, visit http://therealestatedir.com/realestate/ or http://mortgagefinancinginfosite.com.

Getting Out of Debt!

If you are in debt, then you know the feeling, the stress, the anxiety, and the calls from creditors and letters from banks. If you are in debt then, the first thing you would like to do is run away from the problem. However, you don’t have to run away from your debt, here are some tips for getting out of debt.

Many people don’t realize that they are going into debt, they realize once they are in debt there is a problem. If you realize that you are in debt, don’t panic. First it is necessary to understand your expenses and your income.

Create a budget to know exactly how much can be spent each month.
How much do I have available to pay to your creditors.
Contact your creditors. Discuss a plan.
Stick to the plan.

It is highly advisable to contact your creditors and tell them that you are having financial difficulties. They are more than likely to work with you instead of bark at you for their money. If you are willing to work with them, they see it as that you’re more reliable to pay them back.

Stick to your budget, and pay back the most to the highest interest accruing debts first. By paying the highest interest accounts first, you are able to save money in the long run and get out of debt faster. If you require more information then talk to a lawyer or a debt consultant. But if you are in debt, don’t run, do something about it.

If you make a conscious effort to contact your credits and make arrangements, you may be able to stall a negative impact on your credit history. Ask your creditors to work with you. If you have a clean credit history and show a diligence to rectify your problem, your creditors may be willing to work with you.

If all fails, there are companies who work with debtors to help them repay their loans. These companies deal with the creditors to facilitate your debt repayment. They will charge you a fee for this service but using a professional may be the best route. Consider the possibilities and develop a plan.

Nancy Woodward is an accountant and real estate professional affiliated with “The Dream Team”. She is working online at http://mortgagefinancinginfosite.com and http://therealestatedir.com.