Business

Sole Trader Business Formation

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Sole trader is the simplest form of company which is used to describe a person working for his/ her interest without having been any formal procedure to be incorporated as limited or unlimited company. The operation can be easily set up and commence immediately. The owner of a sole trader business has full control over the company where the owner can decide the way in which the business can be conducted. The sole trader owner has the authority to restructure and dissolve the company whenever it suits.

This is a type of business which contains greater and personal risk rather than a limited liability company. As a sole trader the owner of the company is responsible for all the aspect of the business. For a sole trade company it is not so easy to attract outside investors or partners which holds back the growth of the business. In terms of size the business is pretty small, but the number of sole trader business is very large in comparison to any other form of business

A sole trader business can be set up easily. No formal procedure is required to start the operation, which can often commence instantly. To set up a sole trade business it is not required to submit accounts or records in companies house.

A sole trading differs from a limited company as follows:

If you are a sole trader then according to the law you are the person working on your behalf or an individual working on your own and working for others as a single person or individual. But in case of a limited liability company it is expected by the law that there is another person who is working along with you in the scope and power of a director of the company.

As a sole trade business you have to keep records of your business and submit your account details, but in case of a limited company it is expected to appoint an accountant and submit the yearly or bi-annual accounts by providing all information about their financial affairs. If a limited Liability Company falls in to bankruptcy or liquidation then it is the company to face not the individuals running the business. But in case of a sole trader companys bankruptcy or liquidation the owner will be held responsible for any difficulties or any unpaid difficulties.

Advantages of a sole trade business:

Easy to set up: The sole trader business is the simplest form business. You can set up your sole trade business easily. You can trade as you are looking for. No formal procedures are required and the business can be commenced immediately

Full control over your business: As a sole trader you have full control over your business and you can take any decision as per your suitability without consulting and taking permission from other partners

Easy to change: A sole trader business can be converted to limited company easily

Easy accounting maintenance: As a sole trader you can keep all the records of your financial affairs

Personal services: To attract your customers you can provide them personal service

Disadvantages of a sole trade business:

Business with greatest personal risk

Difficult to attract outsiders

You may find difficult to attract outside investments

Bill Bartmann Business Opportunity How Much Experience Is Needed

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Bill Bartmann has been touted “The Billionaire No One Knows About” by Inc Magazine. However, Bill didn’t start with a silver spoon in his mouth. Far from it…

Bill Bartmann grew up poor in Iowa. So poor, he says, that his family had to get a dog… and not as a family pet like you might think, but rather to keep the rats off them at night.

Bill, at the tender age of 14 decided that he would go out on his own because that would be an upgrade to his lifestyle. So at the age of 14, he dropped out of high school, moved into a barn and joined a street gang called the Manor Boys.

At 17 yrs old, his girlfriend, and later, wife-to-be Kathy, gave him the inspiration to turn his life around. He and Kathy moved to Oklahoma and started an oil equipment company that later turned into a million dollar company.

But at the heart of the oil crisis of the 1980s, Bill Bartmann once again found himself back at the bottom, only this time $1mil in debt.

Knowing how it felt to be broke, to have creditors knocking at their door and to be deeply in debt, he and Kathy decided that there was a great business opportunity to start collecting on bad debt, but to do it where they treated people with dignity and respect. Two things the credit agencies were not accustomed to at the time, as Bill and Kathy personally knew firsthand.

That new discovery put Bill and Kathy onto the road to billions.

14 years later, Bill Bartmann was named 25th wealthiest person in the world according to Forbes Magazine. His wife, Kathy Bartmann was named 24th!

They had built their business, Commercial Financial Services, to be the largest debt-collection company in the world and it was growing at a rapid pace. The company collected over 50% of America’s delinquent credit card debt and expanded their operations to Europe.

In 1997, BT Alex Brown estimated CFS to be worth between $5.1 billion and $5.8 billion, placing Bill Bartmann’s personal worth somewhere around $4 billion.

Bill later went on to lose his company due to the embezzlement by his partner and was indicted for fraud, but proven innocent in 2002. By July, 1999, Bartmann declared bankruptcy. “When sharks smell blood in the water, it’s too late,” said Bartmann.

His experiences with debt collection and business systems far surpass anyone. And that is why he is doing it all over again… but this time he’s bringing everyday people along for the ride.

Bill Bartmann has been teaching entrepreneurs his billionaire and wealth creation systems since 2007 through his online billionaire business university. Bartmann said, “I’m not making as much money as I did with my last company, but I’m having a lot more fun.”

And as of last year Bill has branched out to teach his debt-collections business via seminars which he personally teaches. People who have attended his seminars and applied Bill’s Bailout Riches to their businesses, have said this is the best business opportunity around.

The real leverage however, is not only in the knowledge Bill shares, but also in the ability to have a legal document in which you and Bill are business partners.

For more information about how you can learn from Bill Bartmann himself on the best business opportunity, go to

Common FAQs answered to clear every doubt regarding online project software

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The recent years has seen unprecedented growth in terms of technology. Gizmos are a daily go to in todays world and have become part and parcel of human life. With technical advancement, lives have become target driven and to attain these targets, a web development team often requires the help of online project software.

1. What is online project management?

Any project development goes through a life cycle and follows a specific development model. Suppose, a web development team following waterfall model to develop a project will proceed on a no return basis. In other words, each step in the project proceeds only after successful completion and implementation. A spiral software development life cycle, on the other hand, includes a phase that goes through four steps. The process is repeated in the succeeding phase.

However, to execute the whole process successfully, a development team needs to make use of task collaboration software. Such software helps to bind the whole process together while providing constant support to the development team.

2. How to make the correct choice?

The choice of the correct software is vital in attaining perfection. It may depend on project size, complexity or in between updates. Several factors affect this selection and certain questions can clarify this doubt to a greater depth.

3. How many people might be working on the project?

This is a point of utmost importance while making your selection of online project software. Any software you choose has a database capability. Therefore, before opting for the software, you need to analyze the approximate server support your project will require.

4. What is the size of the project?

Prior to opting for project management software, a team should have a clear idea about the volume of work at hand. Since online management tools specialize in creating charts and calendars, therefore, without estimating the size, one will not be able to decide on the correct software required for his job.

5. What is your disposable budget?

Budget forms an integral part of tool selection. Often it turns out that, the profit incurred during development was spent in management. Proper utilization of resources is necessary for a stable growth of any business and efficient online project management.

6. Is mobile access necessary?

This decade belongs to smartphones. So, as a development manager, it is a vital decision whether to opt for a mobile site or not. Since Googles latest Penguin update lays more emphasis on the mobile version of a site, therefore, it can wise to opt for mobile access. However one should also consider budget constraints and task collaboration issues while taking such a decision.

7. What are the hiccups?

On one side as online project management helps in efficient progression of a website, there are certain issues that one should take into account:

a. The process requires a stable and fast internet connection in every developer location.

b. Often multinational projects fall victim to time zones. People working in different countries find it difficult to sync their time.

c. Such program is expensive and often turns out to be unaffordable for most small businesses.

Therefore, one can say that choice of online project software depends on a plethora of factors. Some of these are vital and essential for the proper completion of any project lifecycle. Get in touch with a reliable service provider and carry out the task in an uncomplicated manner.

Melaleuca MLM Business – This Is How You Will Make Your Downline Explode

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If you are either considering joining or if you already have your own Melaleuca business, I believe it’s a fair assumption to make that you want to succeed – am I right? Well, if you are tired of using techniques that aren’t working, and if you are ready to learn how to really make your downline explode, you’ve come to the right place.

I bet that you have been struggling using the “network marketing system” – you have most likely been talking to everyone you know, friends, family members and every other person you meet about these great products and fantastic opportunity, handing out business cards and all that stuff. Are you getting other results than rejections?

Well, you need to stop using these techniques, because this is NOT how you will succeed with your Melaleuca business. You have to learn how to market effectively and here is some things that will help you explode your downline:

1. First, you need to know that marketing is NOT about convincing people that what you have is SO great. What marketing really is about, is knowing your audience, so you have to target your market. I know that most people in this industry have been told that “everyone” is their prospects, but it’s time for you to forget that, because that is NOT true. You need find people who already have a need for the benefit of your product, and then only spend time on people with an already existing interest in what Melaleuca is offering.

2. Second, if you ever want a chance of succeeding with your Melaleuca business you need to understand the benefit of the product. People don’t buy products – people buy hopes and dreams, they buy solutions. And therefore you need to be the solution provider.

3. Third, the lifeline to your Melaleuca business is leads. So you need leads, many leads! And there are two ways to get those leads, you can either purchase them from list brokers, or you can create them yourself online for free. Well, no matter which way you decide to get your leads, this is where it’s important for you to know your audience and understand the benefits of your product, because that is the only way you will get good quality leads.

4. Last – but certainly not least – you have to position yourself as the expert! A great way to do this and at the same time get leads is by creating a date capture page, also called a squeeze page. This is really the most effective way for you to grow your Melaleuca business, and you will be able to relax and not worry about what your friends and family will say and think, when you try and pitch them into your Melaleuca business. And just to make it absolutely clear – your family and friends are NOT your prospects.

When you realize that you have to do things differently if you don’t want to end up among those 97 % of the people who fail in this industry, and you start educating yourself in marketing instead of bugging your friends and family, your downline WILL explode and you will succeed with your Melaleuca business.

Starting a Loss Mitigation Business

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In the past couple of years foreclosures have become a hot issue within the real estate market and are definitely a business opportunity worth considering. Even with the growing numbers of foreclosures on the market today, there are really only two areas where a business opportunity exists. One is helping people who find themselves in severe financial difficulty due to their mortgage being worth more than the actual value of their home. This type of market is called the “Short Sale Market” and is hard to break into especially if you lack previous mortgage or real estate experience. The other is helping people who need to save their homes from foreclosure and stay. This is called Loss Mitigation and is an ideal entry business level opportunity.

So what exactly is Loss Mitigation? To put it in simple terms its where an impartial third party negotiates with the lender on behalf of the homeowner to stop the foreclosure process. The Loss mitigation expert will bring together the two parties and arrange a viable repayment solution that is acceptable to both the homeowner and lender. This process is very successful because neither party wants to lose possibly thousands of dollars. The Loss Mitigation expert has no emotional involvement in the deal and works only on facts and figures and because of this they will achieve more than a homeowner. Another point to consider is the negotiator will know in detail all the programs offered by lenders and the criteria they work to.

When looking at Loss Mitigation as a business enterprise, there are some points to consider. Initially you should try and forge an association with your business and a reputable company that can provide this type of service for your clients. This type of company would be similar to an outsourcing company. Using a company that already has connections in the business and provides an effective service will be beneficial to yourself and your clients.

Firstly this company will have a good knowledge of the ever changing rules within the industry. Lenders are constantly changing their rules and the solutions they offer due to the increasing number of foreclosures. A company that already has a network of lenders in place and knows exactly what each one can offer will provide a better service to your clients than you can when your business is still in its initial stages. You should remember you are working with clients whose homes are at risk of foreclosure. It is prudent at this early stage of your business not to put yourself directly at risk. You dont yet have the knowledge and experience, so using an already established company is an ideal solution.

Another reason for using an outsourcing company is their credibility in the marketplace. When searching for a company that offers Loss Mitigation services there are some things you should consider. Since 2005 there has been a dramatic increase in foreclosures and many companies were formed who saw this as a way to make a quick profit. You should therefore look for companies who have been established for a few years prior to 2005. These companies havent jumped on the bandwagon and were formed only to help and look after the interests of the families and homeowners who face foreclosure.

Your reception area How office furniture impacts on the presentation of your business

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We all know the importance of office furniture when deciding what image you want your business to project to visiting clients. Even the style can make a difference, formal and traditional or modern and funky? So where does it have the biggest impact? Possibly the most important part of your premises is your reception area; this is what your clients see first.

So what are the most important things in your reception area?

A nice big reception desk, there are a few reasons why it should be bigger than the other desks in your office. You want your visitors to know where to go for help when they arrive and a big, bold reception desk will give them that message loud and clear. Your receptionist will also most likely be expected to multitask quite often in the role and plenty of space can help them to stay organised. Reception desks come in several different shapes; an L shape is often popular as it allows the receptionist to separate their roles efficiently, using one section for working at the computer and paperwork, while keeping the more visible section clear and ready for greeting your visitors.

The receptionists chair needs to be a good one, not least because it needs to be comfortable for long periods of time. More than anyone in your business, you need your receptionist to be constantly at their post in case of unexpected visitors. A good, comfy chair will help to make that more likely. Consider back support as well as the seat itself.

Visitors seating areas are not present in all office reception areas. It is a considerate touch if visitors will be waiting in reception to give them somewhere to sit. Be creative here and make sure you chose chairs that reflect the nature of your business. What suits your business best? Remember think modern and funky if that suits you business, but perhaps not for an accountancy firm! Dont let yourself down in this area, tired and broken chairs are hardly going to give your visitors the impression you want.

Making the right office furniture choices will pay dividends when clients visit. Enjoy yourself, how often do you get to have a day out of the office shopping!

There Is Always Room For Online Business Growth

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There are so many blogs and different online businesses out on the web today. With all these blogs and businesses are different thoughts and theories of success. Well in most cases the thoughts are flawed and even though the theory may seem plausible taking the thoughts and putting them to action you will quickly find the theory a bust. So if you want to see success online what should you do. This is the question I ask myself each and every day. I do not want to dismiss those discussing online business because if I dont listen then when someone says something true or something that will help my business grow I will pass it by. On the other hand I dont want to take everything everyone says about online business and end up failing. If you want to grow as an online business professional then you must be able to take in information process the information and rely on your instincts and experience to tell you whether the information is good or bad.

The most important piece of information I have every got in the online business world is my online business is never complete. Even after I have reached the simple goals of number one spots in Google or have had my blog posts on the first page of Digg this does not allow me to quit. Sure I have reached literally thousands of goals I have set out for myself whether it be a hundred unique visitors a day to my website how to make money online or writing a certain amount of posts to my blog. Goals will be one of the largest driving factors for your success online and when you lose the ability to set new goals for yourself and your online business you will lose the ability to keep working and growing. You may be brand new and only want a few hits from Google and the other big search engines or have reached the top for a keyword with over a million searches monthly.

If you have reached the point where you are not sure what to do or look forward to then here are some goals that have always worked for me. Take whatever traffic you are getting and double it. This may be difficult if you are already getting thousands of people daily to your website or blog and if you dont think it would be possible to double the amount of traffic you are getting then add a hundred unique visitors each day. Usually this will mean doing a little bit of math taking the 100 people multiplying it by thirty 3,000 then going to Google Adwords Keyword Tool and finding a term which you are not ranked for that has over 3,000 people a month searching for it and ranking in the top spot. I understand that this will mean more work for you and that is the point never reach a place where you are just plain comfortable with where you are in the online business world always be pushing the envelope.

Now you dont need to limit yourself to only search engines there are other ways of pushing your online business. One good example is pushing your social network to a near breaking point and becoming literally famous through such platforms as twitter or facebook. So you have a twenty thousand people following you on twitter why not try to double it. Another thing I really like to push as well when it comes to online business is the amount of content I am producing. Right now I am writing at the very least two articles daily and talking to at least one person daily in my online business network. I am one though who is not happy until every second of every day is filled so I am going to try and up my posts to three daily making sure to keep quality, pictures, videos, ect. This is a goal I am making right now I hope as you finish reading this article you yourself are setting some goals.

THE Ultimate Home Business Opportunity

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Know Your When

When will I earn a profit? This will be up to the opportunity you choose and then up to you to make it happen. With multi-level marketing (MLM) companies, it usually takes 3 or 4 years to see any real income. The direct sales arena, with very few exceptions, can offer you quick up front profits but little residual income. There are a scarce few that offer both large up front profits as well as great residual incomes, however these are rare.When am I ready to start? This is an easy answer: NOW. Now is the best time to start your own business, especially in network marketing. The economy affects home businesses as a rule: When the economy tanks- more home businesses get started. When would be a better time than NOW to get started? More people are making their fortunes now than ever in home business.

#5 Know Your Who

Who will you be working with in your business? There are businesses that offer community support in addition to company support. Many companies are structured so you have a go-to person to assist you in your business. This will usually be the person who helped you to start but they may have started just before you, so know what their experience is and insist on a seasoned home business owner to help you.

Did You Know:There is a new home based business started every 11 seconds in the United StatesHome business owners average a larger income than the national average of those with jobs70% of home businesses started survive longer than 2 years65% of home businesses are started between September 1 and December 31

Enforcement of Foreign Judgments in Belize

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Executive Summary We advise our clients who have asset protection issues to use a Belize Trust. The assets of a Belize Trust are immune from the decisions of a foreign court. This includes, bankruptcy courts, family courts, civil judgements and fraudulent conveyance allegations. Anything the foreign (Non Belize) court does is irrelevant when it comes to Belize Trust Assets contained in Belize. The catch all that lawyers like to use is the fraudulent conveyance allegation. They sometimes get the home country court to make a ruling that there was a fraudulent conveyance. Any order, decision, ruling, etc. from a foreign court is a big zero when it comes to the Belize Trust in that it has no legal value concerning Belize Trust assets. When one opens a bank account in Belize using a Belize Trust the banks tend to force issues regarding trust paper work to weaken the trust. So we do not have the Belize Trust open the bank account to preserve the privacy and asset protection value of the trust. What we do is use a Belize Corporation or other corporation from another country to open the bank account. The shares of the corporation are then titled to the Belize Trust and this is documented. This makes the corporation and corporate bank account property of the Belize Trust and thus immune from the decisions of a foreign court. Any such judgments from a foreign court cannot be domesticated or enforced in Belize against Belize Trust Assets. This is the only Trust that has this provision. No other trusts have a statutory exemption against fraudulent conveyance allegations. We will review some conditions for collecting a foreign judgement if the assets are not owned by a Belize Trust, just a regular corporation. If the assets are owned by a Belize Trust they are safe so there is nothing further to talk about.
Belize Corporation Bank Accounts One needs to remember that a personal judgment is not a judgment against a corporation. These offshore corporations legally in the eyes of the law have their own separate liabilities and assets. They are separate and distinct judicial persons. Just because you own the stock, it does not mean your debts transfer to the corporation. The ownership of these anonymous bearer share corporations is not recorded in any public registry or database. It is not easy for a creditor or financial enemy to submit evidence to the court to establish ownership. Even if ownership was established there are a number of other obstacles facing your financial enemies.
Foreign Judgment Reciprocity Belize will only recognize the judgments of a country that recognizes their judgments in their own courts on an equal basis with the way Belize treats their judgments. They tend to favor British Colonies in this regard. Other conditions that must be met to enforce a judgment in Belize follow:
Judgment has to be no older than six years.
Judgment must be final. Time for appeals has expired.
Judgment needs to be from a Superior Court of the country. Municipal court judgments may be difficult or impossible to enforce.
The court had correct jurisdiction over the matter.
The matter was not previously and correctly decided in another court.
The debtor was duly served according to the laws of that country and had ample time to respond.
If the plaintiff and defendant had an agreement to settle disputes in a matter differently than using the court that issued judgment, then the judgment may be not admissible in Belize. Thus the two parties may have agreed that proper venue would be country B, yet the plaintiff sued in country A. The agreement may have called for arbitration yet the plaintiff just sued. This sort of thing could cause the denial of the judgment.
If the judgment is for a fine, penalties or taxes it might be disallowed.
Summary It is most difficult to litigate against an offshore corporation where the underlying debt is against a person or another corporation. If you use a Belize Trust you become safe from the decisions of any foreign court including fraudulent conveyance as long as the assets are contained in Belize and thus under Belize law. In any event the conditions required for a judgment to be enforceable in Belize can be onerous and expensive from the perspective of a judgment creditor. Lawyers in Belize and the country of the judgment would be needed and double legal billing gets costly right away. If the debtor realizes there is a pending action he will remove the assets from Belize right away which thwarts the efforts of the creditor and the money he has spent is wasted. This is something not seen very often.

Stay Ahead in your Business with the Social Escort Singapore

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Your enjoyment and relaxation on vacation is never complete if you are not getting proper social escort by your side. Normally, we think that having an escort is only for the purpose of enjoying sex but in reality they are the best companion for you during the entire tour and they are capable of guiding you with the current needs of the area or city. Millions of tourists come to the country of Singapore on business tours and they certainly need social escort Singapore for getting full enjoyment while visiting places of tourist interest and while attending business meetings. In fact there are people who visit the place for second time just for the sake of enjoying the company of their lady friend.

There are plenty of websites which cater to the needs of the visiting tourists by providing the right companion during vacation. Generally girls who work as escorts are educated and well behaved and they are given proper training for attending the needs of the customer. You will get back to your home place after getting complete satisfaction on the services of your escort. A woman can take you to major tourists spot explaining about the significance of the historical places in and around the city. Also instead of getting bored with no company during the tour, you can very well add a companion, which adds significance to your visit.

Since there is tough competition among different agencies which provide escort services, you should plan in advance for booking the girl. You can very well visit the website for seeing the photos of the girl with complete bio-data and choose particular girl which may look appealing. In a day, they will send you confirmation and thus you can book the escort in advance. You can enjoy the company of that girl wherever you go and throughout the trip. Take her to the exhilarating musical shows or dinner party or even she can accompany you to the business meetings.

Make sure that the company you choose should be compatible with your taste and mood. A good social escort will understand the needs of businessmen in general and better trained for attending the customers according to their preference. Initially, you may feel nervous in contacting the social escort Singapore but shortly you will understand that she will be the best companion for you till you leave the place. Make sure that next time when you visit Singapore book the companion in advance so that you can enjoy the trip totally and make your visit memorable.