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Articles by Scott Letourneau

» How to Separate Your Personal and Business Credit

Published 2008-03-04

Separating personal and business credit is a crucial step for your business and personal life. Yet, many business owners mix their personal and business credit together unaware of disaster waiting for them down the line.

» Avoid Personal Guarantees in Your Business Name

Published 2008-03-15

Banks like to play games with applicants, personal guarantees and your business. They'll tell you personal guarantees by you, ALL your business partners, and even spouses are required to process the loan. It's just part of their standard operating practice they say. It doesn't have to be this way

» Secrets to How You Can Build Amazing Business Credit!

Published 2008-03-15

Building business credit is a smart strategy for any business owner. Good business credit gives you favorable loans, better repayment options, and even protects you and your business in case of tragedy.

» Incorporated Your Business? Why Business Credit May be Key to Your Success!

Published 2008-03-15

So, you have finally taken that plunge! You formed your corporation or LLC and are ready to set up shop. The next step can be daunting; how will you purchase assets, pay your utilities, pay salaries and establish cash flow? Where will the funds come from to get this all done?

» Privacy In Nevada Will NOT Help Protect Your Assets!

Published 2008-03-22

When it comes to protecting your hard earned assets you want every advantage possible. When incorporating in Nevada it is often promised that there is a level of privacy for the owners of a corporation or LLC that will shield them in the event of a lawsuit.

» The IRS to Audit the Easter Bunny

Published 2008-03-25

Take the steps to avoid your business being audited like the Easter Bunny, or other sole proprietorships. Incorporate your business from day one and keep the IRS off your back and protect your personal credit!

» The Top 3 Reasons to Focus on a Direct Selling Company

Published 2008-03-31

Everyone has the right to live life on their own terms. Not too many people believe that being a "slave" to a '9 to 5' job is living the life of their dreams. Direct selling may be your way out of that rut.

» Three Scary Tax Secrets You Were Never Told About

Published 2008-04-10

Well the day that every United States citizen seems to fear most is almost here. No, it isn't Halloween or the first day of school, it is Tax Day. April 15th could also be called the day everyone actually thinks about achieving a certain goal.

» Will You Save Taxes By Incorporating In Nevada?

Published 2008-04-10

Nevada has no state corporate or personal income tax and is one of the best states in the country to start a business! Nevada is a PRO-BUSINESS state. The question is: If you don't have a business in Nevada, will you save state corporate income taxes by forming your corporation in Nevada?

» One Million Dollars or $22,000? Tax Planning May Be the Difference

Published 2008-04-11

Tax Planning isn't that important is it? It's just for the wealthy, right? WRONG!

» Two Great Myths Regarding Taxes

Published 2008-04-12

After interviewing one of the foremost authorities on taxes, I decided to put an article together that exposes two great myths. This article is based off a transcript from an Interview I did with Sandy Botkin. Enjoy.

» What the VISA IPO Does Not Know about Business Credit

Published 2008-05-17

Understanding how to properly develop business lines of credit is critical to any start up business owner's success! Unfortunately, most who start off as a sole proprietorship and finance their business with their personal credit cards potentially ruining their business lines of credit down the road when they realize it is time to incorporate their business!

» Nevada Vs Wyoming, In Which State Should I Incorporate?

Published 2008-05-27

Wyoming adds a few benefits to home state incorporation, including privacy, nominees, hiding (but that is not asset protection), lower fees... But ask yourself, does it make sense to save $100 in fees when you're protecting $1 million of assets? The bottom line is protection. If you choose to hide, saving that $100 may just put you out of business.

» What is the Best State to Incorporate Your Business?

Published 2008-05-27

So, what is the best state to incorporate in? Every seminar seems to scream Delaware or Nevada, and now Wyoming is becoming popular. Do you want the simple answer that will keep you safe?

» Forming a Corporation or LLC? Learn these 7 Criteria the Company You Choose Must Meet!

Published 2008-05-30

Many people turn to companies, attorneys or CPAs to help them form a corporation or an LLC. Before you do, you should make sure you know what to look for in a company that is helping you. Here are 7 criteria to look for when choosing a company to set you up with your entity.

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