When it comes to getting the best help about taming your financial worries, you’ll see that most financial consultants will refer you to a debt consolidation non-profit company. They say that the non-profit companies can be trusted than their for-profit counterparts and therefore when a debtor finds himself drowned in a sea of debt, he should get help from such a company. Many people bear the conception that the non-profit debt consolidation companies will not charge you any fees but this is nothing but a wrong notion. As such firms are funded by local credit unions and some business organizations; they charge you lower fees than the for-profit companies. T Full Post…

There have been a growing number of reports announcing the death of American homeownership over the last two years. Some have said we are evolving into a rental society and even challenge the long standing belief that homeownership should be a part of the American Dream. They look at the falling rate of homeownership as proof of their point. Others say that the younger generations no longer see the value in owning over renting.

However, this past week, two news items might refute these points.

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Business owners are often advised to set up a limited liability company (LLC) in order to protect themselves should the business fail and require bankruptcy protection. In most cases, a business owners liability is then limited to the value of the shares they have in the company, not the debts themselves. An LLC is a legal entity and as such stands at arms lengths from the owners. A small business that is formed as a sole proprietorship doesn’t have that same protection – the owner(s) and the business are one. In fact, legally, the business is not a legal entity, therefore it cannot be sued, or file for bankruptcy.

While most business owners who set up LLCs feel they are completely safe from creditor action in Bankruptcy, this is not always the fact. Bus

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Introduction

In July, Alfred T.

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