She's owned this rotisserrie chicken restaurant since 1996. In 2004 she signed a five-year lease that was expensive at the time. She could afford it then because business was going well, but sales and revenue have dropped over the past couple of years and this lease has crippled her ability to reinvest in the business. The lease ends in the first quarter of 2009 and I wondered whether it would be a good idea to move despite the fact that we have a strong customer base already.
I have an idea for a business that I know will take off. However, my poor credit rating is being held against me. How do I win? I'm trying to be self-sufficient and not rely on welfare. All I need is a small loan. What are people in my position to do? Give up completely?
My wife started an in-home tutoring brokerage with another partner. They want to dissolve the relationship, but my wife will maintain the business. The company has gross revenues of about $150,000 a year, but I don't know whether that is the actual value of the company.
I currently live with my mother and I am eager to move out. I've been told that the money you make in business should be reinvested in the business. So, when can I start using some of the money to help my personal life?
My relatives own investment property in California and want to write off the operating expenses. Their personal income is more than $150,000 a year, so they have been told that they are very limited in writing off expenses for the property. Would it be better for them to start an LLC or corporation to manage the property so they can have an avenue to write off more expenses? Can they write off these expenses if the LLC or corporation doesn't own the property?
We have 70 acres close to Puerto Iguazu, which draws thousands of tourists daily from around the world. We are finishing our business plan for a high-tech spa that would also include a vegetarian restaurant, cabins, a yoga and meditation area, hydro-electric power off the grid and an organic garden.