LLC

While random chance plays its role in tax audits (sometimes there is just no way to avoid some sort of an audit — no matter what you do), there are some red flags that may prompt a closer review of your paperwork. Here are some tips for avoiding a tax audit.

In the past few weeks, I’ve been reading some articles, along with their comments, about people cutting up their credit cards. There are multiple rationales behind this decision. One such rationale is that the credit card companies act immorally by preying on the “weak” who fall into the trap of credit. Another rationale is that [...]

In the credit card world, scam operators are taking money from innocent customers without adding value, misrepresenting claims and simply performing shoddy service. Fortunately, customers have an avenue to complain and the FTC has also taken pretty tough actions. Below are some examples of the actions that the FTC has taken against some shady companies. [...]

The financial terms below are commonly used throughout this web site.  Clicking on a term will send you to the term page with a brief definition and a list of articles related to the term.

#
A
B

401(k)
529 Plan

Adjustable Rate Mortgage (ARM)
Alternative Income
Annual Percentage Rate (APR)
Annual Percentage Yield (APY)
Annuity
Arbitrage
Asset Allocation
Asset Location

Bond
Bond Fund
Budgeting

C
D
E

Capital Gains
Certificate of Deposit (CD)
Commodities
Contribution Limit
Correlation
Credit Report
Credit [...]

I have been thinking about setting up a Limited Liability Company (LLC) for my web business to manage personal liability risk.  LCC is an attractive option for incorporating a small business, because it provides the limited personal liability of a corporation, but the pass-through taxation of a partnership or an S corporation. For this reason, [...]

Contents

Introduction
Extra Income Guide
Career
Business
Alternative Income
Personal Development
Recent Articles

Related Tags

Alternative Income
Business
Career
Making Money
Personal Development

Building income streams to make more money and earn extra income is one of the four pillars of wealth building, and as such, it’s one of the primary focus of this blog.  To help you get started quickly, I have gathered the best articles about making [...]

This is the second part of Financial Risks And Personal Finance Risk Management series. In the first part, we looked at financial risks and risk management as they relate to your income and expenses. In this part, we will be looking at risks pertaining to your assets and credit.

Photo by Snoober via Flickr
Asset Risks
Your assets [...]

Over the weekend, I came across a rather interesting series called The History of Credit and Debt at Myvesta.org. In this carnival, I’ll be sharing short excerpts from the series.
This week carnival is not big, but it’s packed with good articles. In this carnival, I selected 9 articles as the editor’s picks and the first [...]

Hello everyone and welcome to 155th edition of the Carnival of Personal Finance. Initially, I had a plan to make this a more unique and interesting carnival, but my sister and her family came up from Virginia for a surprised visit. As a result, I opted to spend more time with my family and less [...]

One of my key believe about building wealth is (1) never stop experimenting, and (2) always look for ways to build, diversify, and shift my income streams toward passive sources. So I got interested when Prosper became an advertiser on my blog — thank god for the blog, because I wouldn’t have known about Prosper [...]