Susan writes: How to protect sole proprietor business assets from personal assets? Garrett Sutton at Resource Nation tackles this question. If you operate your business in the form of a sole proprietorship or as a general partnership, these businesses are not registered entities, which means that your personal assets are not insulated from those of […]
Reader’s Mailbag: Protecting Assets Read More »
Lacey writes: What to do to reduce business tax? Would you consider giving me a hand or at least some advice based on your experience?” Editor’s note: This information is based on the tax system for the United States of America. Business owners should seek professional advice regarding their tax liability. Tiare Rath over at
Tony writes: “What do I do about protecting my assets when I am being sued? What are the pros and cons I should be looking out for? Please point me in the right direction.” When starting a business in the United States, you must decide what form of business entity to establish. The most
Madhu from India writes: I have ideas about products. I am looking for companies who are willing to listen to my ideas and make the products and pay me in return. I cannot afford to pay for Patenting. Is there any way I can find companies and make them listen to my ideas. I need
Dan from Bellaire, Ohio writes: I run a cool and very unique business, the ONLY LEGO based museum in the world. But I have put it all on my credit cards and cashed in my 401k (which looks like a damn good idea due to the current state of the stock market!!!) But I keep
Thanks for your great response to the first Reader Mailbag. I was originally going to do this as a weekly feature, but given the volume of your emails, there’s a real demand for this, and I might need to do it more often. Melody: How do I sell monologs to Jerry Seinfeld? I know he
In response to all of the email I receive, I’ve decided to start a “reader mailbag” to handle a lot of the simpler questions that I get that don’t necessarily warrant a full article by themselves. Each week, I’ll answer questions that are asked in these reader mailbag posts, If you have a question you’d
