Small Business Boomers

I counsel people going into professional practices, and I tell them this often: If you are buying property, purchase the property as a separate entity. Having a separate entity (an LLC or a Subchapter S Corporation) for the property keeps the property out of any issues with the debt of the business itself. You can also move the business and keep the property, renting out the space to some other business.
The separate entity for property idea might also be good if you are asked to invest in a business by a relative, child, or friend. You could …read more

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It turns out getting a bank loan to finance your new business startup is NOT the right way to get that money.
If you are considering starting a new business, either post-”retirement” or just in general, you’re probably going to need money. And you’re probably going to go out and look for a bank loan. But don’t go run out and start talking to banks yet. Listen to an expert – David Gass, Founder and President of Business Credit Services, Inc., about the best way to go about financing a business startup. Here is …read more

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