| Business Debt |
| Owning an LLC business and complications with....? |
If your brother has not caused the peircing of the corporate veil (by commingling personal and business funds, for example), then he will not be responsible for the businesses debts. HOWEVER, most... |
| How does the federal income tax structure impact a business decison to finance with use of debt vs. equity? |
In both cases, there is usually a payment for use of the money. A person who lends money(debt) expects to be paid interest, while a person who invests money(equity) expects to receive dividends. ... |
| Is there a way I can open my own business even with student loans and other debt? |
If it will be your sole source of income, the answer is no. The reason is that it will take time to establish a client and customer base. If the business will be part-time while holding another job... |
| Explain how the federal income tax structure impacts a business decision to finance with use of debt vs equity |
Since interest is tax deductible, the cost of the debt is reduced by the tax rate times the interest. Equity does not benefit from that, so it has to carry the burden of dividend payouts with no ta... |
| Does working for a non-for profit business after college releave your student loan debt? |
No it doesn't, unless they agree to pay it back for you in exchange for working there.
Remember, when you file your federal taxes, you will NOT be getting any back by working for a non-pr... |
| I have an debt of Rs.2000000 and not paying even single rupees due to business loss what is the legal prob.? |
A person who is dare enough to take loan of 20 lac rupees, must also be knowing how to deal with it. It seems it is a lie. Anyway, still, consult your family members, friends, business partners ... |
| Is there any real legitimate business out there,that will really help me get out of debt?? |
Hi. Check these small business Ideas. These Businesses need low or zero start-up costs. you can start them with the resoureces you have allready. Read all thease Ideas and find which is best for yo... |
| I am going out of business and have one vendor I can't pay. the debt is just over 1000.00. What can they do? |
try to negotiate with them to come up with an agreement on how to handle the debt.
that way they don't have to sue you. set up a meeting to cooperatively decide how you can both agree to re... |
| Can credit cards approve you for a credit limit and then lower the limit due to "Increase in credit card debt" |
Hi Laura,
I'm sorry to break the news to you, but credit card companies can do this. I'm sure it is in your agreement with them.
They can also do things like change the due date ... |
| My business is failing and have over 125K in credit card debt. Should I file BK or try to settle for less? |
Try looking in the phone book for a non-profit credit counselor and get their advice. They can go through all your numbers and advise you better. ... |
| 250,000 Loan to buy existing business ... where do i get the money? |
To add on to Billy's, you can always find a partner too! Make sure your partner is an asset, not a liability. Good luck! ... |
| What shall I do with my business? It's great but I feel burnt out!? |
You need to figure out if there is a potential for growth, without an increase in outlay.
Would it be possible for you to train someone to run your business while you explore other options?
I... |
| What should I do about my business? |
Aren't ALL business owners multimillionaires who screw over their employees, defraud the IRS and rake in the cash?
I'm KIDDING. And I'm a fellow business owner who can seriously ... |
| Single mother of 1, no debt, and $1500 to spare. What kind of business can I start? |
Well I do not know which business you have in mind.
But from my own experience i will try to give you some tips so you can save your finances.
You said you have $1500 spare to start a busines... |
| How can we pay off $97.6 Trillion dollars in national debt? |
Federal government debt as a percentage of the GDP (our national income) is not as alarming as people make us believe. Our economy produces $13 trillion worth of goods and services in a year. The... |
| Why do companies have debt? |
Some companies choose to finance their purchases of assets by taking on debt rather than selling stock to raise capital. If all goes well, they can pay off the debt without sharing the future profi... |
| If I owe a debt to a company, and they have sent me to collections, what happens if they go out of business? |
The collection agency has purchased your debt from the orignal debtor, therefore, you are now thier problem. You dent was probably sold for pennies on the dollar, just so that they could salvage s... |
| I was wondering if a home business is a good ideal for me to make extra cash to get out of debt? |
We're starting up one ourselves. Don't quit the day job, though. We're planning on starting up a model rocket company. My husband has been designing them since the 1960's, an... |
| Im new to this credit card business. I just wanted to know what happens if i dont pay off my credit debt? |
Some people panic about not paying off those credit card debts, but in reality it's not really that big of a deal. It costs the credit card companies far more to keep going after you ad infin... |
| Im in debt of $65000, would like to sell one of ma kidneys or lung to get out. Im a business man. Advise,? |
self serve? ... |
| I have a business idea but banks wont lend me 12k even with security because of credit card debt any ideas ? |
Most Universities put on seminars for people wanting to start businesses. Also the SBA puts on Seminars for start ups from time to time.
I help contractors get up and running and remain profita... |
| When debt goes to a collection agency do you pay them or can you pay the prior business off still? |
I wouldn't pay them sh***! I never have. Send your payment to the original compnay with your original bill (be sure to make a copy for yourself or document the payment on the stub you keep). ... |
| Does business credit effect your personal credit if you can't pay off bussiness debt? |
to my knowledge no it doesnt but is held against you for 7 years where as personal debt is held on your file for 5 years, but it may also stop you from opening another business in that time ... |
| I have a great job and a great debt to income ratio, but horrible credit do to a business I closed. I need car |
you could try closing all your credit cards now (unless youre getting good rates and deals) and opening 1 single new credit card, and buying stuf on it and paying it all off COMPLETELY. and it will... |
| Who is the best option for debt consolidation? |
Most if not all of these so called "debt consolidation companies are a scam.
What they do is not pay your creditors for months and then try and settle with them for less. No special skills.... |
| What debt is better per say? |
If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can't be understated. Credit ca... |
| In a sole proprietorship, the owner is responsible for the debts of the business if the firm is unable to pay? |
True. ... |
| My business had debts in 2004 and 2005 and did not make enough money to pay it off. Could I pay it off now? |
Sure. And the loss from prior years should be being carried forward by your accountant to deduct this year. ... |
| Looking for debt consolidation loan in toronto canada? |
Get credit couselling and they will put you on the right track. ... |
| I know any debt is bad, but is a 4 to 1 INCOME to DEBT ratio acceptable, average, or bad? |
Eduardo is right - not all debt is bad, there is such a thing as good debt, namely a mortgage, because the house appreciates in value over the long term and because of leverage, you get a better re... |
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