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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>gdszxslms.info</title> <atom:link href="http://gdszxslms.info/feed" rel="self" type="application/rss+xml" /> <link>https://gdszxslms.info</link> <description></description> <lastBuildDate>Wed, 13 Mar 2024 22:22:10 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.1.3</generator> <item> <title>Avoiding An Online Cash Advance One Drive-Thru Line At A Time</title> <link>https://gdszxslms.info/48</link> <comments>https://gdszxslms.info/48#comments</comments> <pubDate>Tue, 18 Jul 2023 07:17:02 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Online payday loan]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=48</guid> <description><![CDATA[It is a well-known fact that if you have built up a savings account, you will not need to fall back on using an online cash advance loan when too many costs come at you at once. Saving money is … <a href="https://gdszxslms.info/48">Continue reading <span class="meta-nav">→</span></a>]]></description> <content:encoded><![CDATA[<p> It is a well-known fact that if you have built up a savings account, you will not need to fall back on using an online cash advance loan when too many costs come at you at once. Saving money is a tough job. It takes focus, dedication and a little saving grace. Your initial plan for a chunk of money to be set aside might end up paying the plumber or mechanic. Unexpected costs which come with everyday life can be a bit of a savings drainer. A great motivator to keep trying is that each time you plan was foiled by an additional bill; you can thank yourself that you had the money rather than having to use third party money like an online payday loan or filling credit cards.I had an inactive savings account for many years. Inactive meaning there were times when I was able to put money into my account, but then just watched the slow leak of cash flow out into my checking account each time I needed more money to cover the costs. As much of a blessing as it was to have this cushion, I had never dedicated myself into refueling the account until tax time came or I received a birthday gift. I guess I can give myself credit for at least saving that amount.I opened a new checking account and the found that the free options came at a price. There was not enough money to keep $3000 at all times to keep the fees away. I opted for the automatic direct deposits and monthly transfer of $25 into my savings. I got to choose the date of the transfer. I thought this was such a simple task I didn’t have to worry about because looking at the paperwork and comparing leaving $3000 or transferring $25 to savings seemed like polar opposites. It wasn’t until the fourth month when I realized that an automatic withdrawal of $25 into my savings account was going to be tougher than I thought. It was the end of the month and my car payment was due on the same day the $25 was going to head over to my savings. My paycheck was coming, but not fast enough. I started to stress thinking that my account was going to be overdrawn, but then quickly remembered that I had already had money transferred to my savings. I was able to quickly transfer funds from my savings to checking with online banking services. I just saved myself from having to apply for an online payday loan or taking a cash advance out of my credit card. Both of those options work in a last ditch effort for cash, but there are fees involved. I was feeling really good that I didn’t have to pay for my $25 transfer and still kept my checking account in good standing.I quickly got motivated to try to save more in case my next emergency was going to be for more than $25. I tucked away a few extra dollars each week and was able to increase my monthly savings from $25 to $40. I made a clear conscious effort when I skip the drive- through line for coffee. I take the cash and put it in a separate pocket in my purse. I may never need to fall back on an low cost cash advance loan for quick cash and it feels great to be financially independent from third party money solutions. <br/><a style="display:none;" target="_blank" href="http://jasabacklinkpro.info">jasabacklinkpro.info</a><a style="display:none;" target="_blank" href="http://jasabacklinks.info">jasabacklinks.info</a><a style="display:none;" target="_blank" href="http://kalipakem.com">kalipakem.com</a></p><div class="mads-block"></div>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/48/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How to Get an Online Auto Loan</title> <link>https://gdszxslms.info/46</link> <comments>https://gdszxslms.info/46#comments</comments> <pubDate>Tue, 28 Mar 2023 15:59:18 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Online Auto Loans]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=46</guid> <description><![CDATA[The internet has changed the way we do many things and getting an auto loan is one of them. It is a great way to not only save time but in many cases; it could save you a considerable amount … <a href="https://gdszxslms.info/46">Continue reading <span class="meta-nav">→</span></a>]]></description> <content:encoded><![CDATA[<p> The internet has changed the way we do many things and getting an auto loan is one of them. It is a great way to not only save time but in many cases; it could save you a considerable amount over the life of the loan. Not only can you go online nowadays and get financing for the purchase of a new or used vehicle purchase, but you can also find options that will allow you to refinance an existing auto loan or even a loan that will allow you to purchase your neighbors vehicle. Completing an auto loan will also save you time. If you are like most consumers, time is a precious commodity and one that does not seem to be growing. Going online to complete your auto loan will help put some time back into life.The ProcessTo go online and apply for financing is quite simple. Find a reputable lender that does business online, fill out a simple one page application and within minutes in most cases you will have all of the information you need regarding your loan approval. Some online sites even allow you to download all of your documents and complete the entire loan process online. This is a huge time saver and again, one of the easiest ways to save money on your next auto purchase. Why? On average, consumers that finance their vehicle through a dealership pay as much as 3% more in their APR (annual percentage rate) than those that go online to complete a loan. The dealership makes money on the financing so they have a tendency to charge you higher interest than you can find online.Special RatesIt is important to do research beforehand about the vehicle you are buying, especially if it is a new car. Many times you will see special rate financing being offered by the manufacture. What they don’t tell you in the advertising is that most consumers don’t qualify for that special rate or that the rate is for a very short term and if you do opt to go with that special rate, with the shorter term to finance it, your payments will be so high you can’t afford them. In many cases, consumers are better off taking the rebate being offered instead of the special financing and finding a better rate online from a reputable lender. According to many consumers, online lenders offer lower rates than those that are offered through a branch or typically bank location.Added BenefitsSome online lenders do not charge any application fees. That means you can go online and apply and see the terms and conditions of your loan approval before you have to commit to anything. Be aware that some online lenders do charge such fees. When you apply online, get a fast decision and can review the approval terms up front, you become empowered. This gives you incredible negotiation power when you step foot onto a dealership. Now, you are negotiating with the power of a cash buyer because you are no longer depending on the dealership for financing. Why not get your loan directly from the lender and cut out the middle man. You will be glad you did. </p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/46/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How to Get Bad Credit Auto Loans</title> <link>https://gdszxslms.info/44</link> <comments>https://gdszxslms.info/44#comments</comments> <pubDate>Tue, 28 Mar 2023 13:47:10 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Auto Loans]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=44</guid> <description><![CDATA[Preparing Yourself for an Auto Loan with Bad Credit RatingsMany individuals have poor or bad credit ratings due to various reasons. And when such individuals try to avail their car loans, getting the required credit turns out to be difficult. … <a href="https://gdszxslms.info/44">Continue reading <span class="meta-nav">→</span></a>]]></description> <content:encoded><![CDATA[<p> Preparing Yourself for an Auto Loan with Bad Credit RatingsMany individuals have poor or bad credit ratings due to various reasons. And when such individuals try to avail their car loans, getting the required credit turns out to be difficult. It is quite common for such individuals to apply for car financing and end up with rejected car loan applications. The common reason being improper preparation of the application, or applying for the wrong kind of auto loan at the wrong time. Due to the ongoing economic recession, many of the moneylenders have started offering credit facility to borrowers having low FICO score and poor credit history in the form of bad credit auto loans, simply because they need to sell their loan products and earn some money in the form of interest. Having stringent measures would mean less business and lesser earnings, because there is no way the bulk of the market applicant would satisfy the harsh requirements. So what is the way out for the person if he or she wants to avail the auto financing facility, and has bad credit ratings? The following pointers can help you in deciding how to go about the problem.Special Auto Finance Facilities for Individuals Having a Bad or Poor Credit HistoryTraditional loan providers need good or excellent credit ratings and a high FICO score before they provide their credit. They are generally not inclined to sponsor car financing if the applicant has a history of loan defaults or late monthly payments. Banks and credit lending institutions are typically such type of orthodox credit firm, including some of the car manufacturer like Ford Motor Credit and Toyota Motor Credit who offer car credit options. However, there are several institute and moneylenders who prefer to do business by providing loans and credit facilities for individuals having bad and poor credit ratings. The intention is to cater to the untapped potential of the loan market consisting of individuals who do not quality for traditional auto loans. The primary reason for undertaking the venture is many individuals do not qualify for the loans, and satisfying their requirements would mean earning a substantial chunk of money in the form of interest from such individuals. They are specialized moneylenders who have enough experience to know when to take the risks, and in what manner.The best way to search for such bad credit auto financing institutes and loan providers is to browse online on the net. Almost all credit providers advertise their company or firm through portals, and these websites provide all relevant information related to the loan products offered by them. Variables such as the rate of interest, tenure, turnaround time, monthly installment schemes, and loan options are usually explained on the sites. In addition, majority of the sites also provide online auto loan calculators, which can prove to be very helpful in calculating the combinations of different interest rates and loan tenures. It becomes easy to work out what kind of repayment plan turns out to be most beneficial to you. Another important issue that needs to be worked out is the negotiation part. Car buyers negotiate with loan providers to get the most affordable deal. So if you are not that good at negotiations, it is recommended you seek the services of professional negotiators or credit negotiation service providers who can argue on your behalf, and help you get cost effective deals. Another important benefit of such services is that the company and firm experts help in working out your auto loan application, so your application gets prepared in an organized and professional way, thus increasing your chances of availing your auto finance.Qualifying for a Bad or Poor Credit Auto LoanOne needs to qualify if one decides to apply for an auto loan for bad credit. Majority of the applications get rejected because of improper or incorrect submission of the forms. Insufficient or incorrect details, along with missing documentation such as credit status reports, bank statements, and even employment details can very easily lead to a rejection of your application form. Common documents required are usually ID proof, residential ownership or rent details, contact number, and minimum monthly pay earned. As per the current market trend, it is required to earn a minimum of $2,000 every month to qualify for even the basic amount required for car finance. Another important point to work out is the car insurance and accident claim coverage options offered by the insurance provider. The insurance also adds up to the car buying charges. So it is suggested you check out the various car insurance options offered by the lenders and select the plan which suits your requirement and budget. </p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/44/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>What Investors Should Know About Commercial Real Estate Loans</title> <link>https://gdszxslms.info/42</link> <comments>https://gdszxslms.info/42#comments</comments> <pubDate>Tue, 21 Mar 2023 16:47:25 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=42</guid> <description><![CDATA[Your commercial real estate transaction does not close unless the loan is approved. You can also improve the cash flow if the interest rate for the loan is low. So the more you know about commercial loans, the better decision … <a href="https://gdszxslms.info/42">Continue reading <span class="meta-nav">→</span></a>]]></description> <content:encoded><![CDATA[<p> Your commercial real estate transaction does not close unless the loan is approved. You can also improve the cash flow if the interest rate for the loan is low. So the more you know about commercial loans, the better decision you can make about your commercial real estate investment.Loan Qualification: Most of you have applied for a residential loan and are familiar with the process. You provide to the lender with:<br />W2′s and/or tax returns so it can verify your income,</p><p>Bank and/or brokerage statements so it can verify your liquid assets and down payment.<br />In general the more personal income you make the higher loan amount you qualify. You could even borrow 95% of the purchase price for 1-unit principal residence with sufficient income.For commercial loan, the loan amount a lender will approve is based primarily on the net operating income (NOI) of the property, not your personal income. This is the fundamental difference between residential and commercial loan qualification. Therefore, if you buy a vacant commercial building, you will have difficult time getting the loan approved since the property has no rental income. However, if you<br />Occupy at least 51% of the space for your business; you can apply for SBA loan.</p><p>Have sufficient income from another commercial property used as cross collateral; there are lenders out there that want your business.<br />Loan to Value: Commercial lenders tend to be more conservative about the loan to value (LTV). Lenders will only loan you the amount such that the ratio of NOI to mortgage payment for the loan, called Debt Coverage Ratio (DCR) or Debt Service Ratio (DSR) must be at least 1.25 or higher. This means the NOI has to be at least 25% more than the mortgage payment. In other words, the loan amount is such that you will have positive cash flow equal to at least 25% of the mortgage payment. So, if you purchase a property with low cap rate, you will need a higher down payment to meet lender’s DCR. For example, properties in California with 5% cap often require 50% or more down payment. To make the matter more complicated, some lenders advertise 1.25% DCR but underwrite the loan with interest rate 2%-3% higher than the note rate! Since the financial meltdown of 2007, most commercial lenders prefer keeping the LTV at 70% or less. Higher LTV is possible for high-quality properties with strong national tenants, e.g. Walgreens or in the areas that the lenders are very familiar and comfortable with. However, you will rarely see higher than 75% LTV. Commercial real estate is intended for the elite group of investors so there is no such thing as 100% financing.Interest Rate: The interest for commercial is dependent on various factors below:<br />Loan term: The rate is lower for the shorter 5 years fixed rate than the 10 years fixed rate. It’s very hard to get a loan with fixed rate longer than 10 years unless the property has a long term lease with a credit tenant, e.g. Walgreens. Most lenders offer 20-25 years amortization. Some credit unions use 30 years amortization. For single-tenant properties, lenders may use 10-15 years amortization.</p><p>Tenant credit rating: The interest rate for a drugstore occupied by Walgreens is much lower than one with HyVee Drugstore since Walgreens has much stronger S&P rating.</p><p>Property type: The interest rate for a single tenant night club building will be higher than multi-tenant retail strip because the risk is higher. When the night club building is foreclosed, it’s much harder to sell or rent it compared to the multi-tenant retail strip. The rate for apartment is lower than shopping strip. To the lenders, everyone needs a roof over their head no matter what, so the rate is lower for apartments.</p><p>Age of the property: Loan for newer property will have lower rate than dilapidated one. To the lender the risk factor for older properties is higher, so the rate is higher.</p><p>Area: If the property is located in a growing area like Dallas suburbs, the rate would be lower than a similar property located in the rural declining area of Arkansas. This is another reason you should study demographic data of the area before you buy the property.</p><p>Your credit history: Similarly to residential loan, if you have good credit history, your rate is lower.</p><p>Loan amount: In residential mortgage, if you borrow less money, i.e. a conforming loan, your interest rate will be the lowest. When you borrow more money, i.e. a jumbo or super jumbo loan, your rate will be higher. In commercial mortgage, the reverse is true! If you borrow $200K loan your rate could be 8%. But if you borrow $3M, your rate could be only 4.5%! In a sense, it’s like getting a lower price when you buy an item in large volume at Costco.</p><p>The lenders you apply the loan with. Each lender has its own rates. There could be a significant difference in the interest rates. Hard money lenders often have highest interest rates. So you should work with someone specialized on commercial loans to shop for the lowest rates.</p><p>Prepayment flexibility: If you want to have the flexibility to prepay the loan then you will have to pay a higher rate. If you agree to keep the loan for the term of the loan, then the rate is lower.<br />Commercial loans are exempt from various consumers’ laws intended for residential loans. Some lenders use “360/365″ rule in computing mortgage interest. With this rule, the interest rate is based on 360 days a year. However, the interest payment is based on 365 days in a year. In other words, you have to pay an extra 5 days (6 days on leap year) of interest per year. As a result, your actual interest payment is higher than the rate stated in the loan documents because the effective interest rate is higher.Prepayment Penalty: In residential loan, prepayment penalty is often an option. If you don’t want it, you pay higher rate. Most commercial loans have prepayment penalty. The prepayment penalty amount is reduced or stepped down every year. For example on a 5 year fixed rate loan, the prepayment penalty for the first year is 5% of the balance. It’s reduced to 4% and then 3%, 2%, 1% for 2nd, 3rd, 4th and 5th year respectively. For conduit loans, the prepayment amount is huge as you have to pay for the interest between the note rate and the equivalent US Treasure rate for the whole loan balance for the remaining term of the loan. This prepayment penalty is called defeasance or yield maintenance.Loan Fees: In residential mortgage, lenders may offer you a “no points, no costs” option if you pay a higher rate. Such an option is not available in commercial mortgage. You will have to pay between ½ to 1 point loan fee, appraisal cost, environment assessment report fee, and processing/underwriting fee. A lender normally issues to the borrower a Letter of Interest (LOI) if it is interested in lending you the money. The LOI states the loan amount, interest rate, loan term and fees. Once the borrower pays about $5000 for loan application fees for third party reports (appraisal, phase I, survey), the lender starts underwriting the loan. It orders its own appraisal using its own pre-approved MAI (Member of Appraisal Institute) appraisers. If the lender approves the loan and you do not accept it, then the lender keeps all the fees.Loan Types: While there are various commercial loan types, most investors often encounter 3 main types of commercial loans:1. Small Business Administration or SBA loan. This is a government guaranteed loan intended for owner-occupied properties. When you occupy 51% or more of the space in the building (gas station or hotel is considered an owner-occupied property), you are qualified for this program. The key benefit is you can borrow up to 90% of purchased price.2. Portfolio loan. This is the type of commercial loans in which the lenders use their own money and keep on its balance sheet until maturity. Lenders are often more flexible because it’s their money. For example East West Bank, US Bank and some life insurance companies are portfolio lenders. These lenders require the borrowers to provide a personal guaranty for the payment of the loans. And thus these loans are recourse loans.3. Conduit loan or CMBS (Commercial Mortgage-Backed Securities) loan. This was a very popular commercial loan program prior to the 2007 recession where its market size was over $225 Billion in 2007. It was down to just a few Billion in 2009 and is making a comeback with issuance of almost $100 Billion in 2015. Many individual loans of different sizes, at different locations are pooled together, rated from Triple-A (Investment grade) to B (Junk) and then sold to investors over the world as bonds. Therefore it’s not possible to prepay the loan because it’s already part of a bond. These are the characteristics of conduit loans:<br />The rate is often lower. It is often around 1.2% over the 5 or 10 year US Treasury rates compared to 1.85-3% over the 5 or 10 year US Treasury rates for portfolio loan. Some CMBS loans have interest only payments. Since the rate is lower and borrowers are required to pay interest only, the LTV can be over 75%. Low rates and high LTV are the key advantage of conduit loan.</p><p>Conduit lenders only consider big loan amount, e.g. at least $2M.</p><p>Lenders require borrower to form a single-asset entity, e.g. Limited Liability Company (LLC) to take title to the property. This is intended to shield the property from other the borrower’s liabilities.</p><p>The loans are non-recourse which means the property is the only collateral for the loan and the borrowers do not have to sign personal guaranty. And so these loans are popular among investment firms, REIT (Real Estate Investment Trust), TIC (Tenants in Common) companies that invest in commercial real estate using funds pooled from various investors.</p><p>If the borrower later wants to sell the property before the loan matures, the new buyer must assume the loan as the seller cannot pay off the loan. This makes it harder to sell the property because the buyer needs to come up with a significant amount of cash for the difference between the purchase price and loan balance. Furthermore, the lender/loan servicer could reject the loan assumption application for various reasons as there are no strong incentives for it to do so. The loan servicer can also impose new conditions to loan assumption approval, e.g. increase reserve amount by several hundred thousand dollars. If you are a 1031-exchange buyer, you may want to think twice about buying a property with loan assumptions. Should the lender reject your loan assumption application, you may end up not qualifying for the 1031 exchange and be liable for paying capital gain. This is the hidden cost of conduit loan.</p><p>Even when you are allowed to prepay the loan, it costs an arm and a leg if you want to prepay the loan. The prepayment penalty is often called Defeasance or Yield Maintenance. Basically you have to pay the difference in interest between the note rate of your loan and the applicable US Treasury rate for the remaining years of the loan! This amount is often so high that the seller normally requires the buyer to assume the loan. You can compute the defeasance from www.defeasewithease.com website. Besides the defeasance, you also have to pay 1% loan assumption fee. This is another hidden cost of conduit loan.<br />Conduit loan may be the loan for you if you intend to keep the loan for the life of the loan that you agree to at the beginning. Otherwise it could be very costly due to its payoff inflexibility.Lenders Coverage Area: Commercial lenders would do business in areas they are familiar with or have local offices. For example East West Bank will only consider properties in California. Many commercial lenders don’t lend to out-of-state investors.Lenders Coverage Property Types: Most commercial lenders would only consider certain types of properties they are familiar with. For example Chase would do apartments and owner-occupied office buildings but not retail properties or gas stations. Westford Financial specializes on church financing. Comerica concentrates on owner-occupied properties.Lenders Escrow Accounts: Most lenders require borrowers to pay 1/12 of property taxes each month. Some lenders require borrowers to have repairs and/or TI (Tenants Improvement) reserve account to make sure the borrowers have sufficient funds to cover major repairs or leasing expenses should existing tenants not renew the leases.Conclusion: Commercial loans are a lot more complex and difficult to obtain with loan approvals more unpredictable than residential loans. As an investor, it is in your best interest to employ a professional commercial loan broker to assist with your commercial loan needs. By doing so, you will vastly improve your chances of paying lower interest rates, avoid potential pitfalls and improve your chance on getting the loan approved. </p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/42/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>How Business Succession Planning Can Protect Business Owners</title> <link>https://gdszxslms.info/40</link> <comments>https://gdszxslms.info/40#comments</comments> <pubDate>Tue, 21 Mar 2023 15:57:42 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=40</guid> <description><![CDATA[What if something happens to you, and you can no longer manage your business anymore? Who will then take over your business, and will it be managed the way you want?Establishing a sound business succession plan helps ensure that your … <a href="https://gdszxslms.info/40">Continue reading <span class="meta-nav">→</span></a>]]></description> <content:encoded><![CDATA[<p> What if something happens to you, and you can no longer manage your business anymore? Who will then take over your business, and will it be managed the way you want?Establishing a sound business succession plan helps ensure that your business gets handed over more smoothly.Business succession planning, also known as business continuation planning, is about planning for the continuation of the business after the departure of a business owner. A clearly articulated business succession plan specifies what happens upon events such as the retirement, death or disability of the owner.A good business succession plans typically include, but not limited to:·Goal articulation, such as who will be authorized to own and run the business;The business owner’s retirement planning, disability planning and estate planning;·Process articulation, such as whom to transfer shares to, and how to do it, and how the transferee is to fund the transfer;·Analysing if existing life insurance and investments are in place to provide funds to facilitate ownership transfer. If no, how are the gaps to be filled;·Analysing shareholder agreements; and·Assessing the business environment and strategy, management capabilities and shortfalls, corporate structure.Why should business owners consider business succession planning?·The business can be transferred more smoothly as possible obstacles have been anticipated and addressed·Income for the business owner through insurance policies, e.g. ongoing income for disabled or critically ill business owner, or income source for family of deceased business owner·Reduced probability of forced liquidation of the business due to sudden death or permanent disability of business ownerFor certain components of a good business succession plan to work, funding is required. Some common ways of funding a succession plan include investments, internal reserves and bank loans.However, insurance is generally preferred as it is the most effective solution and the least expensive one compared to the other options.Life and disability insurance on each owner ensure that some financial risk is transferred to an insurance company in the event that one of the owners passes on. The proceeds will be used to buy out the deceased owner’s business share.Owners may choose their preferred ownership of the insurance policies via any of the two arrangements, “cross-purchase agreement” or “entity-purchase agreement”.Cross-Purchase AgreementIn a cross-purchase agreement, co-owners will buy and own a policy on each other. When an owner dies, their policy proceeds would be paid out to the surviving owners, who will use the proceeds to buy the departing owner’s business share at a previously agreed-on price.However, this type of agreement has its limitations. A key one is, in a business with a large number of co-owners (10 or more), it is somewhat impractical for each owner to maintain separate policies on each other. The cost of each policy may differ due to a huge disparity between owners’ age, resulting in inequity.In this instance, an entity-purchase agreement is often preferred.Entity-Purchase AgreementIn an entity-purchase agreement, the business itself purchases a single policy on each owner, becoming both the policy owner and beneficiary. When an owner dies, the business will use the policy proceeds to buy the deceased owner’s business share. All costs are absorbed by the business and equity is maintained among the co-owners.What Happens Without a Business Succession Plan?Your business may suffer grave consequences without a proper business succession plan in the event of an unexpected death or a permanent disability.Without a business succession plan in place, these scenarios might happen.If the business is shared among business owners, then the remaining owners may fight over the shares of the departing business owner or over the percentage of the business.There could also be a potential dispute between the sellers and buyers of the business. For e.g., the buyer may insist on a lower price against the seller’s higher price.In the event of the permanent disability or critical illness of the business owner, the operations of the company could be affected as they might not be able to work. This could affect clients’ faith, revenue and morale in the company as well.The stream of income to the owner’s family will be cut off if the business owner, being the sole breadwinner of the family, unexpectedly passes away.Don’t let all the business you have built up collapse the moment you are not there. Planning ahead with a proper business succession plan before an unexpected or premature event happens can help secure your business legacy, ensuring that you and your family’s future will be well taken care of. </p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/40/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Managing Consultants</title> <link>https://gdszxslms.info/38</link> <comments>https://gdszxslms.info/38#comments</comments> <pubDate>Tue, 21 Mar 2023 14:56:22 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=38</guid> <description><![CDATA[“An expert is someone who lives more than 50 miles out of town and wears a tie to work.” - Bryce’s LawINTRODUCTIONThe need for outside contract services is nothing new. IT-related consultants have been around since the computer was first … <a href="https://gdszxslms.info/38">Continue reading <span class="meta-nav">→</span></a>]]></description> <content:encoded><![CDATA[<p> “An expert is someone who lives more than 50 miles out of town<br />and wears a tie to work.”<br />- Bryce’s LawINTRODUCTIONThe need for outside contract services is nothing new. IT-related<br />consultants have been around since the computer was first introduced for<br />commercial purposes. Today, all of the Fortune 1000 companies have consultants<br />playing different roles in IT, either on-site or offshore. Many companies are<br />satisfied with the work produced by their consultants, others are not. Some<br />consultants are considered a necessary evil who tackle assignments<br />in an unbridled manner and charge exorbitant rates. For this type of<br />consultant, it is not uncommon for the customer to be left in the dark<br />in terms of what the consultant has done, where they are going, and if<br />and when they will ever complete their assignment. Understand this, the<br />chaos brought on by such consultants are your own doing.IT consultants offer three types of services:<br />Special expertise – representing skills and proficiencies your<br />company is currently without, be it the knowledge of a particular<br />product, industry, software, management techniques, special<br />programming techniques and languages, computer hardware, etc.</p><p>Extra resources – for those assignments where in-house<br />resource allocations are either unavailable or in short supply,<br />it is often better to tap outside resources to perform the work.</p><p>Offer advice – to get a fresh perspective on a problem, it<br />is sometimes beneficial to bring in an outsider to give an<br />objective opinion on how to proceed. A different set of eyes<br />can often see something we may have overlooked.</p><p>Whatever purpose we wish to use a consultant for, it is important<br />to manage them even before they are hired. This means a company<br />should know precisely what it wants before hiring a consultant.ASSIGNMENT DEFINITIONBefore we contact a consultant, let’s begin by defining the<br />assignment as concisely and accurately as possible; frankly,<br />it shouldn’t be much different than writing a job description<br />for in-house employees. It should include:<br />Scope – specifying the boundaries of the work<br />assignment and detailing what is to be produced. This<br />should also include where the work is to be performed<br />(on-site, off-site, both) and time frame for performing<br />the work.</p><p>Duties and Responsibilities – specifying the types of<br />work to be performed.</p><p>Required Skills and Proficiencies – specifying the<br />knowledge or experience required to perform the work.</p><p>Administrative Relationships – specifying who the<br />consultant is to report to and who they will work with<br />(internal employees and other external consultants).</p><p>Methodology considerations – specifying the methodology,<br />techniques and tools to be used, along with the deliverables<br />to be produced and review points. This is a critical<br />consideration in managing the consultant. However, if<br />the consultant is to use his/her own methodology, the<br />customer should understand how it works and the deliverables<br />produced. </p><p>Miscellaneous in-house standards – depending on the company,<br />it may be necessary to review applicable corporate policies,<br />e.g., travel expenses, dress code, attendance, behavior, drug test, etc.</p><p>Many would say such an Assignment Definition is overkill. Far from<br />it. How can we manage anyone if we do not establish the rules of the<br />game first? Doing your homework now will pay dividends later when<br />trying to manage the consultant. Assignment clarity benefits both<br />the customer and the consultant alike. Such specificity eliminates<br />vague areas and materially assists the consultant in quoting a price.SELECTING A CONSULTANTArmed with an Assignment Definition, we can now begin the<br />process of selecting a consultant in essentially the same manner<br />as selecting an in-house employee. Choosing the right consultant is<br />as important a task as the work to be performed. As such, candidates<br />must be able to demonstrate their expertise for the assignment. Certification<br />and/or in-house testing are good ways for checking required skills<br />and proficiencies. Also, reviewing prior consulting assignments (and<br />checking references) is very helpful. Examining credentials is<br />imperative in an industry lacking standards. For example, many<br />consultants may have a fancy title and profess to be noted experts in<br />their field but, in reality, may be nothing more than contract<br />programmers. In other words, beware of wolves in sheep’s clothing.Ideally, a consultant should have both a business and technical<br />background. True, technical expertise is needed to perform IT<br />assignments, but a basic understanding of business (particularly your<br />business) is also important for the consultant to adapt to your<br />environment. This is needed even if you are using nothing more than<br />contract programmers.In terms of remuneration, you normally have two options: an hourly<br />rate or a fixed price. For the former, be sure the work hours are<br />specified, including on-site and off-site. Many clients are<br />uncomfortable paying an hourly wage for an off-site consultant. Under<br />this scenario, routine status reports should be required to itemize<br />the work performed and the time spent. However, the lion’s share of<br />consulting services are based on a fixed price contract. Here, the<br />role of the methodology becomes rather important. Whether you are<br />using “PRIDE” or another Brand X methodology, it is important the consultant<br />and client both have a clear understanding of the project’s work<br />breakdown structure, the deliverables to be produced, and the review<br />points. From this, an effective dialog can be communicated in terms<br />of managing the project. Further, the methodology becomes the basis<br />for the preparation of estimates and schedules.After examining your candidates, it now becomes necessary to<br />balance the level of expertise against price. Sure, a senior<br />person can probably get the job done in less time, but perhaps<br />the costs may be too high for your budget. “Expertise” versus<br />“expense” becomes a serious consideration at this point.Whomever is selected, it is important that a written agreement<br />be prepared and signed. The agreement should reference the Assignment<br />Definition mentioned above and any other pertinent corporate<br />verbiage. Very important: make sure it is clear that the work<br />produced by the consultant becomes your exclusive property (not the<br />consultant’s). Further, the consultant shouldn’t use misappropriated<br />work from other assignments. Finally, add a clause pertaining to<br />workmanship; that the consultant will correct at his/her expense<br />any defects found; e.g., defective software, data base designs, etc.MANAGING THE CONSULTANTThe two most obvious ways to manage consultants is by having<br />them prepare routine status reports and project time reports. Such<br />reports should be produced on a weekly basis and detail what the<br />consultant has produced for the past week and detail his/her<br />plans for the coming week. You, the client, should review and<br />approve all such reports and file accordingly.A methodology materially assists in tracking a consultant’s<br />progress. As a roadmap for a project, the methodology takes the<br />guesswork out of what is to be produced and when. Without<br />such a roadmap, you are at the mercy of the consultant. Along<br />these lines, I am reminded of a story of a large manufacturing<br />company in the UK who used one of the large CPA firms to<br />tackle a major system development assignment. The system was<br />very important to the client, but lacking the necessary in-house<br />resources to develop it, they turned to the CPA firm to design and<br />develop it. Regrettably, the client didn’t take the time<br />to define the methodology for the project and left it to the<br />discretion of the CPA firm. The project began and the CPA<br />firm brought on-site many junior staff members to perform<br />the systems and programming work. So far, so good. However,<br />considerable time went by before the client asked the senior partner<br />about the status of the project (after several monthly invoices). The<br />senior partner assured the client that all was well and the<br />project was progressing smoothly. More time past (and more<br />invoices paid) with still nothing to show for it. Becoming<br />quite anxious, the client began to badger the consultant as<br />to when the project would be completed. Finally, after several<br />months of stalling, the consultant proudly proclaimed “Today<br />we finished Phase 1….but now we have to move on to Phase<br />2.” And, as you can imagine, there were many more succeeding<br />phases with no end in sight.What is the lesson from this story? Without a methodology roadmap,<br />it is next to impossible to effectively manage a consultant. The<br />project will lose direction almost immediately and the project will<br />go into a tailspin. The only person who wins in this regard<br />is the consultant who is being paid regardless of what work<br />is produced. Instead of vague generalities, you, the client,<br />have to learn to manage by deliverables.CONCLUSIONMy single most important recommendation to anyone considering<br />the use of outside consultants is simple: Get everything in<br />writing! Clearly define the work assignment, get a signed<br />agreement spelling out the terms of the assignment, and<br />demand regular status reports.I am always amazed how companies give consulting firms<br />carte blanche to perform project work as they see fit. Abdicating<br />total control to a consultant is not only irresponsible, it is<br />highly suspicious and may represent collusion and kickbacks.There is nothing magical in managing consultants. It requires<br />nothing more than simple planning, organization, and control. If you<br />are not willing to do this, then do not be surprised with the results<br />produced. Failure to manage a consultant properly or to adequately<br />inspect work in progress will produce inadequate results. So, do<br />yourself (and your company) a favor, do your homework and create a<br />win-win scenario for both the consultant and yourself. </p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/38/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Is It Still Worth Investing in Property Since the Increase in Stamp Duty?</title> <link>https://gdszxslms.info/35</link> <comments>https://gdszxslms.info/35#comments</comments> <pubDate>Tue, 21 Mar 2023 12:55:26 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=35</guid> <description><![CDATA[We explore whether it is still economically viable to invest in property since the stamp duty increase, and what sort of properties you can invest in to minimise the effect of the increase or completely bypass it altogether.The Impact of … <a href="https://gdszxslms.info/35">Continue reading <span class="meta-nav">→</span></a>]]></description> <content:encoded><![CDATA[<p> We explore whether it is still economically viable to invest in property since the stamp duty increase, and what sort of properties you can invest in to minimise the effect of the increase or completely bypass it altogether.The Impact of the Increase in Stamp DutyThe cost of an investment property in Birmingham is £168,062.00 which means you’d typically have to pay £5903 in stamp duty costs.The Increase in Stamp Duty Has Contributed to House Price SlumpOne of the main issues that the increase has caused, has been the increased cost in acquiring new property, which has subsequently caused a slump in house price inflation. Whilst this now means it is a good time for potential investors to consider purchasing additional properties, those who already own property will probably be disappointed with the growth in the market. In particular, property prices in London are most affected by the increase simply because house price are generally more expensive so the stamp duty levied on the properties is proportionately higher. This means that either demand may go down due to the high prices, or property prices may decrease to make up for the increase in stamp duty. In fact, Halifax’s April 2016 House Price Index announced negative growth in terms of house prices, as month on month April 2016 saw average house prices fall by 0.8%, which it attributed to a lack of confidence in the wider economy.The Increase in Stamp Duty Fails to Dampen Landlords’ SpiritsThe increase seems not to have deterred landlords, as the number of landlords has risen to 1.75 million. This has mainly been due to the increase in lending and cheaper mortgages, as access to funds is one of the main drivers in the property market. Another factor that has contributed to the increase in landlords has been the superior yields, far outstripping interest investors make on their money saved elsewhere.Another positive is that according to Halifax’s May 2016 House Price Index, house prices are resuming an upward trend, with month-on-month growth of 0.6%. This suggests that the British public still very much has an appetite for property, and is welcome news to existing property investors.Strategies to Avoid Stamp Duty or Minimise its EffectAlthough the increase may make some investors think twice about investing in property, it needn’t have to. There are plenty of ways property investors can work around the stamp duty increase or minimise its effect.Purchase Property in a Company NameStamp duty land tax can be avoided by purchasing property in a company name using a business mortgage. This also allows for interest payments to be tax deductible, exponentially increasing your return on investment because mortgages can be granted up to seventy-five per cent of the value of the property which amounts to a lot of interest.The Number of Mortgage Products Available to Limited Companies is IncreasingThe number of products available to limited companies is increasing year-on-year. In H1 2015 there was an average of 99 products available to limited companies, but in H2 this rose to 147 products.The number of mortgage applications made by companies now accounts for over a third (38%) of all mortgage applications, up from 15% in 2014. It’s also worth noting that mortgage acceptance rates are at an all-time high, so if you’re thinking of investing in property, now is a good time to apply for a mortgage.Avoid Stamp Duty Altogether with Alternative Investments Such as Car Park InvestmentsFurthermore, would-be buy-to-let investors are focusing on ways that they can avoid the stamp duty charges altogether or minimise its effect. Car park spaces are exempt from the 3% stamp duty charge because they’re classed as commercial property. Car park investments can also give an 8% net assured income for two years and has a five year exit strategy with buy-back option if you decide that the investment is not for you.Invest in Properties Outside of London for Lower Stamp Duty CostsAnother option is to consider properties in areas outside of London. As mentioned previously in the article, properties in London are more expensive so there is proportionately more stamp duty to pay. Cities such as Manchester and Liverpool command a much higher rental yield allowing you to maximise your profits. Properties in these cities outside of London are generally much lower, so the amount of stamp duty you’ll have to pay is much lower.Birmingham is consistently considered one of the best areas for buy-to-let, and was recently named by the Council of Mortgage Lenders (CML) as the number one buy-to-let hotspot outside of London. Average property prices in Britain’s second city are considerably lower than property prices in London. According to Rightmove, overall average property prices in Birmingham currently stand at £168,062, compared to £556,350 in London. For property investors, this means that if they were to invest in property in Birmingham, they’d pay exponentially less in stamp duty compared to investing in London property.Student properties in Liverpool such as Pembroke Studios command an assured net rental yield of 8% for five years had have a buy-back option after five years. Fortunately, in a city such as Liverpool there will never be a shortage of students looking for high quality accommodation due to its sizeable student population that comprises 12% of the city’s overall population. Pembroke Studios is conveniently placed within a mile’s radius of four universities in Liverpool, so it’s desirably situated for an overwhelming number of students.In conclusion, property investment is definitely still a viable way to achieve good returns, especially when interest rates for money kept in savings accounts is at record low. Property investors should make cautious decisions when it comes to investment, and consider investing in towns and cities outside of London where possible. For those looking to bypass stamp duty altogether, we recommend car park investments or other commercial investments that do not incur the charges. </p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/35/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Visa Signature Entertainment</title> <link>https://gdszxslms.info/32</link> <comments>https://gdszxslms.info/32#comments</comments> <pubDate>Sun, 26 Feb 2023 15:41:32 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=32</guid> <description><![CDATA[With the ever changing world out there and available ways to pay your bills with a card for entertainment when you are on the go. Rather than having cash or having to withdraw cash the logical choice is a credit … <a href="https://gdszxslms.info/32">Continue reading <span class="meta-nav">→</span></a>]]></description> <content:encoded><![CDATA[<p> With the ever changing world out there and available ways to pay your bills with a card for entertainment when you are on the go. Rather than having cash or having to withdraw cash the logical choice is a credit card and in this case because you are a frequent flyer a traveler and like to enjoy life to the fullest this is perfect for that type of person the visa signature entertainment card. The visa is beneficial in more ways than one as can be used for gaining rewards in entertainment. By booking your movie or theatre ticket online you will receive a discount and also be able to book in advance before tickets are available to the public, and also book hotels at a discount rate and much more.Facts about Visa Signature Entertainment credit cardMany banks provide this visa signature card there are a couple of different types that can be used and mainly for the benefit of the holder. The other is a small percentage of the transactions are passed on to a charity. Plus interest with this card isn’t using the variable rates like a common credit card, as the interest rates can change anytime without notice, but if changed whilst using this card they need to give notice in writing to the consumer at least a month in advance. For peace of mind your card is linked by a certain system called VisaNet and gives you direct access to any provider in this huge network of financial partners 20,000 + to be exact.Benefits of a Visa Signature Entertainment credit cardAs mentioned in the summary this visa can used to book any type of entertainment and you will receive a discount on your tickets bought. Also have access to the ticket before they go on sale to the general public and know about up and coming movies shows before the general public special events also like the circus coming to town. Another benefit of having the signature entertainment including the entertainment section is if the card is stolen there are emergency cash advances available normally within 24 hours. Travel insurance is usually provided when you use this credit for booking airline tickets. Another added extra is the Concierge service which provides you with recommendation on entertainment and hotels and business planning if needed also. Related to the cards benefits is the online resources to view and find tickets and all the time is updated daily with new promotions so one day maybe nothing you are after but the next a lot of eye opening deals and offers, so its best checked every day.Purpose of the Visa Signature Entertainment credit cardThe reason behind this credit was specifically for entertainment purposes so by offering the consumer the discounts to use their credit cards online and for entertainment it has given the sellers the chance to boost their sales and also offer the discounts related to the sale and benefit finally going back to the consumer. So apply today for the visa signature entertainment credit card if you want freedom to pay for your entertainment and flights, hotels and business trip to be planned in advance movies and concerts and even events like hot air ballooning, I would thoroughly recommend applying today to enjoy all these benefits offered to you as the consumer.Rick Ling </p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/32/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>There is an excessive amount of traffic coming from your Region.</title> <link>https://gdszxslms.info/30</link> <comments>https://gdszxslms.info/30#comments</comments> <pubDate>Sun, 05 Feb 2023 23:53:24 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[company]]></category> <category><![CDATA[Exchange]]></category> <category><![CDATA[forex]]></category> <category><![CDATA[Investor]]></category> <category><![CDATA[Market]]></category> <category><![CDATA[Traders]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=30</guid> <description><![CDATA[#EANF#]]></description> <content:encoded><![CDATA[<p>#EANF#</p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/30/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>There is an excessive amount of traffic coming from your Region.</title> <link>https://gdszxslms.info/28</link> <comments>https://gdszxslms.info/28#comments</comments> <pubDate>Sun, 05 Feb 2023 06:03:44 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[accounting]]></category> <category><![CDATA[business]]></category> <category><![CDATA[companies]]></category> <category><![CDATA[google]]></category> <category><![CDATA[near me]]></category> <category><![CDATA[offices]]></category> <category><![CDATA[restaurant]]></category> <category><![CDATA[sale]]></category> <category><![CDATA[services]]></category> <guid isPermaLink="false">http://gdszxslms.info/?p=28</guid> <description><![CDATA[#EANF#]]></description> <content:encoded><![CDATA[<p>#EANF#</p>]]></content:encoded> <wfw:commentRss>https://gdszxslms.info/28/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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