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Tips To Signing A Lease For A Commercial Warehouse

Posted by on Oct 29, 2014 in Blog, Finance & Money | 0 comments

Obtaining a commercial warehouse is an important step for many business owners, and getting the right lease for your warehouse can be critical to the success of your business. These tips for signing a commercial warehouse lease agreement will help you find the right property and the right agreement for your needs.

Get a Lawyer

It’s not enough to read the lease, although you should carefully read any lease that you sign. Find a lawyer experienced in commercial real estate who can help you understand the details of the lease. Your lawyer will be able to pull apart the lease and put it in terms that you understand, and he or she will be able to tell you if the lease you’re about to sign is in your business’s best interests.

Negotiate

Regardless of whether or not the lease you’re signing is a standard lease, all clauses of the lease are negotiable. It’s especially important to negotiate if you’re signing a long-term lease. Remember, long-term leases lock you into a binding agreement for many years. This involves a certain amount of risk for you as a business owner, while it ensures a certain amount of security for the property owner.

This should give you some room for negotiating more favorable terms. Speak with your lawyer about the terms that would be best for your business, and consider building in a clause that allows you to sublet the space, should your business plans change in the next 5 or 10 years.

Note the Maintenance Agreement

Commercial leases differ significantly from residential leases in that not all commercial property leases automatically require the property owner to cover the cost of repairs and maintenance. Some leases require the tenant to pay for all maintenance, while other leases require the tenant to pay for maintenance only on certain systems (such as heating or cooling) on the property. Know what your lease is requiring of you before signing. 

Know What the Terms Are If You Default

Although you may not intend to default on your lease, sometimes things don’t go as business owners plan. Pay careful attention to the terms of your lease with regards to a default. If your business plan is particularly uncertain, you may want to negotiate the way a default would be handled to better suit your interests.

Most important is to remain in constant contact with your attorney and to listen to the legal advice given to you at every step of the way.

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3 Ways Credit Unions Rock

Posted by on Oct 29, 2014 in Blog | 0 comments

It’s important to have credit of some form in today’s world. You need credit for cars and homes. Sometimes, your credit can affect whether or not you will get hired. A great way to show that you can handle customers’ money while working or a loan of your own is to have a good history with a bank. The problem is that many consumers are unhappy with their bank. High ATM fees, a lack of personal service, and high rates of interest on bank credit cards are just some of the reasons why many are displeased with their bank. If you’re not happy with the service you get from your bank, you may want to consider a credit union. Here are a few reasons why a credit union may suit your needs better. 

You’re More Than a Number

At a traditional bank, you’re just a customer. They’ll try to keep you happy, but if you leave, they won’t be too worried because there are many other customers just like you. It’s different at a credit union. Unlike a bank, credit unions are not-for-profit institutions. When you join a credit union, you become a stakeholder and profits and savings are passed to you, not to company stockholders. This means you will get personal service because you’re as much a member of the credit union as the people who work there.

Interest Rates Are Lower

Having a credit card or loan can help you pay off your bills in a pinch or fix up your house, but the interest rates from a traditional bank may make you think twice. Credit unions are concerned with making sure that members are happy, and they know that high interest rates are not the way to do that. You will often find that the interest on credit cards and loans is much lower with a credit union, which saves you money. 

Using ATMs Is Often Free

ATM fees can cause you to do a double take whenever you need to draw money out. Since you don’t always have time to get to a particular ATM just to get money or head into a branch of your bank, you may simply decide to skip going to the ATM altogether. With credit unions, using the ATM is usually free. Many credit unions are members of ATM networks that allow you to use an ATM without having to worry about paying fees just to access your money. If you have to use an ATM that is not in your credit union’s network, you’ll still save because most credit unions won’t charge for the transaction. 

These are just three advantages of using a credit union that may help you decide if a credit union fits your life better.

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Bitcoins Vs. Gold Coins: 3 Reasons Gold Is Safer Than Digital

Posted by on Oct 21, 2014 in Blog, Finance & Money | 0 comments

When deciding between investments in today’s volatile market climate, it is important to know if the money you put into an investment will still be there when you need to cash out. Bitcoins and other digital currencies offer the possibility of great financial gains in a dramatically shorter timespan than more traditional options, but do not currently offer the security needed to be a true store of wealth. Gold, on the other hand, offers the chance for gains while having a greatly reduced risk of losing the investment entirely.

Gold Prices More Stable

Gold has had its ups and downs in prices, fluctuating nearly $200 dollars an ounce over the course of a year. Bitcoin, which was introduced in 2009, has seen many spikes in price, fluctuating nearly $1000 a coin in a one year span. Although this fluctuation is an attractive feature for those looking to make a quick buck, those looking for a safe bet would be better served taking the investment with a more stable price.

Bitcoins More Likely to Be Lost or Stolen

As bitcoin use becomes more commonplace, there has been an increase in the amount of keyloggers and viruses which can be used to steal the digital currency. Once a bitcoin is stolen in this way, it is impossible for the original owner to recover the currency. In addition, if the harddrive the bitcoins are stored on crashes and there is no backup, or the owner forgets the password, the bitcoins will be lost for good.

This is of particular importance to those looking for an investment strategy who are not the most tech savvy of users. If you do not know how to use computer and internet encryption, do not regularly remember to backup your files, or often forget your passwords, then you should think carefully before investing in bitcoins.

Gold More Useful in an Emergency

Gold coins were used thousands of years before electricity or computers were in widespread use, while bitcoins require electricity and the internet to use. If you need quick money in case of an emergency, you will not be able to convert bitcoins into a spendable currency. An example of where this could be a problem is after a hurricane knocks out power in a widespread area, or if you live in a nation where the government is known to shut off access to the internet. With gold, there will almost always be someone willing to accept it, even if at a much less favorable rate than you could expect in better circumstances. For more information about buying and owning gold, go to this website.

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Two Reasons To Utilize Professional Accounting Services

Posted by on Oct 20, 2014 in Blog | 0 comments

Professional accounting services are a very useful type of business to take advantage of, mostly because of the many ways in which they can help their clients. Two reasons to utilize professional accounting services are to deal with special tax situations and federal reporting requirements.

Special Tax Situations

One of the most complicated areas of both personal and business finances are taxes. The tax laws are quite complicated in both cases. A professional accounting service can ensure that you avoid any costly fines, fees, and penalties from the IRS by making sure that you pay exactly as much as you need to in taxes.

One example of a tax situation where you will want to consult a professional would be if you happen to win the lottery in a state other than the one you live in. In this situation, the state lottery commission will deduct federal and state taxes before paying you. However, the taxes they will deduct for the state will be based on the tax rate where the lottery was won, not the state the winner resides in.

The problem with this situation is that the state you live in may have higher tax rates or they may not require you to pay state taxes at all. However, you could get into trouble with the state tax commission if you don’t pay them, or you could end up paying your state taxes again unnecessarily. A professional accounting service can help you avoid this issue by looking into the state tax laws for both your state of residence and where you won the lottery to make sure that you do not over or underpay.

Federal Reporting Requirements

Another area where a professional accounting service can help you is by making sure that you comply with federal reporting requirements. For example, even if you do not win a massive jackpot when it comes to gambling in a casino or winning the lottery, you will still need to report minor winnings to the IRS. Failure to do so can come with some rather stiff penalties.

You will also be able to use a professional accounting service to help you determine which of your investments you need to report to the IRS, and how to report it. For example, certain investments do not need to be reported unless they pay dividends or increase in value.

Speak to a professional accounting service like Bildner and Company today in order to make sure that you avoid any problems when it comes to paying your taxes. An accounting service is able to help you comply with federal reporting requirements as well as help you navigate special or uncommon tax situations.

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Two Frequent Questions About Posting Bail

Posted by on Oct 17, 2014 in Blog, Finance & Money | 0 comments

It is an unfortunate fact of life that many people will be arrested and charged with crimes at some point during their lives. Yet, there can be a significant delay between the date you were arrested and the court date. To offset the inconveniences and cost of detaining people until court, the legal system allows individuals to post bail. You know that bail is an amount of money paid to the court to ensure the defendant is present for their trial, but there may be a couple of questions you have about posting bail. 

How Is Bail Different From A Bail Bond?

Many people hear the terms bail and bail bond, but they may not understand the important distinction between these two terms. When a person pays bail, they are directly paying the court out of their own pockets. Individuals opting to do this are required to post the entire amount of the bail. Sadly, many people do not have the cash on hand to post their own bails, and this is where a bail bond comes into play. 

When you get a bail bond, you are paying a bondsman a percentage of the total bail. In turn, the bondsman will post the entire bail on your behalf. Under this type of arrangement, the bonds company will arrange for your release from custody, and this can help ensure that most people are able to secure their release from jail until their trial. 

Do You Get All Of Your Money Back After Your Court Date?

If you paid for the bail out of your own pocket, the money will be returned to you in full after your court appearance. This occurs regardless of the verdict from the trial because the bail is only to ensure you are present for your trial. 

However, those using a bail bondsman will not typically have their money returned. This is because the percentage they pay the bondsman is considered the fee for using these services. While this may not seem fair at first glance, it is important to note that those using a bandsman pay a fraction of the price of the total bail. Typically, they would not be able to raise the funds for their release without the services of these professionals. 

Being arrested and charged with a crime can be an extremely stressful and frightening experience. Luckily, you do not have to stay in jail until a judge can see you. By posting bail, you will be able to secure your release until your court date. After considering the answers to these common bail questions, you will hopefully have a better understanding of this process. Have a peek at this site for further information.

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