XBanker

Don’t miss this free teleseminar series!

August 12th, 2008

My fellow XBanker co-founder Garrett Sutton and I have been asked to be part of a tremendous teleseminar series for business owners. Not only am I presenting during this virtual event, but I am attending these sessions myself as a guest because there is so much I want to learn from the other presenters in this power-packed event. I’ve heard a few of them speak, and there are others I can’t wait to “meet.”

Oh, and it’s free…so how can I resist? How can you?

Here’s the official announcement, but I’ll give you my opinion: if just one of these presentations puts money in your pocket you’re way ahead of the game!

Who Else Wants To Learn ‘Secrets’ That Most Small Business Owners/Online Marketers, Entrepreneurs, Writers and Coaches Will Never Know About How To Really attract more leads, close more sales, set up automatic marketing systems, increase profits, and keep more of your cash each month as you build wealth?!

Give us about 28 hours over the next few months and we’ll force 22 of the world’s top marketing & small business experts to reveal their most powerful, most clever, and most profitable & guarded secrets for unparalleled personal & financial success.

Learn more and register here.

Not sure? Here is an example of what you will learn;

The Freedom Formula author Guru Christine Kloser who will show you “How to Put Soul in Your Business and Money in Your Bank”

Rich Dad’s Advisor Garrett Sutton will tell you about the 5 mistakes most small business owners make when setting up a corporation

Million Dollar Lifestyle Business Coach Melanie Benson Strick shows you 101 Ways to Triple Your Income by Outsourcing Your High Payoff Activities

Branding expert Kim Castle shows you through interactive exercises how brand worthy your business is.

James Roche, (The Info product Guy) will show you how to get paid for your knowledge via his Info Marketing Action plan (iMap program)

PR and marketing expert Susan Harrow will show you How to Get a 6-figure Book Advance

Online Marketing expert Katrina Sawa will tell you what you need to know to get more exposure and clients FAST

Elizabeth Potts Weinstein (CFP(r)& Attorney) shows you an Easy, GUARANTEED System to Take Control of Your Cash Flow in Just 15 Minutes per Week

For full details and to register for the FREE events!

Posted by Gerri Detweiler | Currently No Comments »

Save Your Business in Bankruptcy

August 11th, 2008

My Xbanker colleague Garrett Sutton has written extensively on the value of incorporating a small business, and here’s another reason to do so:

Incorporating can literally save your business.

I doubt many sole proprietors realize that filing for personal bankruptcy (due to medical debts, divorce or many of the other reasons people file) could mean the end of their business.

I didn’t.

But in a recent post on the Bankruptcy Law Network, California bankruptcy attorney Cathy Moran describes a recent case in which a couple who owned a business as a sole proprietorship were in danger of losing it – even though it was doing just fine – because they had to file for personal bankruptcy due to real estate investment debts.

She points out that:

…(the) business was a sole proprietorship. If we filed Chapter 7 now, Chapter 7 trustee’s first reaction to a going business is to shut it down. The trustee is concerned about his liability for regular business debts the operation may incur and the possibility that a customer may be hurt on the premises. The trustee wants to preserve the status quo by shutting the doors, even if there is nothing in the business that he can sell for the benefit of creditors.”

In this case, she was able to incorporate the business to save it.

But as another California bankruptcy attorney Douglas Jacobs points out in another post, waiting until you are contemplating bankruptcy to incorporate your business is risky business. It can be considered a “fraudulent conveyance” and can backfire.

If you haven’t been convinced yet that you need to incorporate, what else can I do to convince you that you need to check it out? It may literally save your business.

Posted by Gerri Detweiler | Currently No Comments »