What are the benefits of making your business a corporation?
or even incorporating?Will it help me aviod liability or coalition problems?
I'm clueless here.
Answers: I'm clueless too,thats why I dont have my own business, but when I do I will enlighten you.
http://powerhomebiz.com has the reason you're looking for and an exensive explanation and procedure.
Thanks for asking your Q! I enjoye3d answering it!
VTY,
Ron Berue
Yes that is my concrete last given name!
Generally the biggest benefit of forming a corporation is to limit your personal liability.
There are other other benefits, the positives and negative are too great to go into detail here.
There may be local resources you can turn to to see what structure is right for you.
Television Production Companies..?
Know any directories or lists of tube production companies in the UK that i can browse through as I'm trying to find a chore or work ex placement.=)
Answers: The writers and artists year book has a directory but it's within book form not sure about on the lattice!!
The Magazine "Broadcast" usually has a roomy number of production companies listed within the advertisement page at the end. You can usually pick up a copy contained by the magazine shops in Soho, if you are contained by London.
How can i calculate IRR? how the leasing banks are using irr for evaluating profit?
Answers: if you are using ms excel, create cash flow by year and summarized it in the bottom of each column.
let say you need 100 to start your business with annual profit of 60 and annual cost 10 and your project lifetime was 8 years.
e.g.: your last column cell was in 4th row
use formula: =IRR(A4:I4)
your breakevent was in 4th year and the IRR was 15%.
it represent the value of your company only 15% of today value so bank will not find this number interesting enough. try to cut down (or hide) operational cost and choose highest reasonable number of sales to boost the IRR
the bank can only follow predefine rule of calculation which is 'bankable document'. they dont see the our eager to built the business.
the key for get the credit is 'shining' number, good paperwork, and undervalue collateral.
best luck.