Source: http://blog.happymlm.com/2011/07/facts-concerning-international-business-careers/
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Saturday, July 30, 2011
Facts Concerning International Business Careers - All about ...
[unable to retrieve full-text content]When it comes to international trade, it deals with exchange of goods for goods and goods for services. This multi-lateral trade requires more than two countries for it to be termed as international business. ...
Friday, July 29, 2011
Southern U.S. distillery to legally sell moonshine (Reuters)
CHARLESTON, South Carolina (Reuters) ? Two entrepreneurs are taking advantage of new micro-distillery laws in South Carolina to make and sell traditional moonshine whiskey legally for the first time in the southern state.
The Dark Corner Distillery will open next month in Greenville, where engineer Joe Fenten, 27, and longtime home beer brewer Richard Wenger will produce and sell small batches of 100-proof moonshine from a custom-made copper still.
The distillery, housed in a 1925 building, will also include a tasting bar and a museum dedicated to the history of the Dark Corner, the local mountains that were once full of moonshiners, feud and mayhem, Fenten told Reuters.
The area was settled, along with the nearby Smoky Mountains of Tennessee and Blue Ridge Mountains of North Carolina, by Scots, Irish and Welsh who migrated down through the Appalachian mountain chain from Pennsylvania in the 1700s.
"They thought it was their inalienable, God-given right to make whiskey," said Fenten, a Dark Corner native. "It was a hard life. If you could make an extra 10 cents more for a gallon of whiskey than you could for a bushel of corn, then why not?"
Moonshine traditionally was the term used to describe illegally distilled corn whiskey often made covertly by the light of the moon. The product made at the new distillery will be un-aged corn whiskey, but will be taxed and regulated.
The area came to be called the Dark Corner in 1832 by South Carolina politicians seeking to nullify federal law and who cursed the people of the mountains as Unionists, said Dean Campbell, a Dark Corner native who is the distillery's official historian.
Whiskey taxes after the Civil War and then Prohibition in the 20th century made the place more lawless, Campbell said.
News accounts in the 1920s called the Dark Corner "a little Chicago" because of federal agents' raids on stills, killings, and gun and knife fights that broke out after church, he said.
Illegal moonshine is still being made there, Campbell said. In June, sheriff's deputies busted a still in Landrum, South Carolina, and confiscated 2,000 gallons of illegal white liquor along with $150,000 in cash.
State lawmakers in 2009 altered existing liquor laws in a way that lessened the financial burden on small distilleries, paving the way for the Dark Corner Distillery to set up shop.
Despite the drink's reputation, legal moonshine makers also have popped up in other states, including Oregon, Wisconsin, Montana, Missouri, Kentucky, Tennessee, Virginia, New York and North Carolina.
(Editing by Colleen Jenkins and Cynthia Johnston)
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Christian Publishing Companies ? Discover the Top Four Topics To ...
July 27th, 2011 by
Christian publishing companies are seeing increasing demand for Christian books today. People are getting sick of everything happening in our culture, and they are looking for information from a Christian perspective. Hollywood and the media are dominated by people who do not stand for Christian values. Violence, foul language, and sexual perversion dominate movies, television, and video games.
Source:Christian Publishing Companies ? Discover the Top Four Topics To Have a Successful Book Launch
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Thursday, July 28, 2011
But Who Pays Tax On Business Sale? - Robert W. Wood - The Tax ...
By ROBERT W. WOOD
Sound like a silly question? The sale of a business is usually a big event in the owner?s life, financially, emotionally, and in other respects.? As I noted here, taxes are key to business sales, but who pays them?? Some business owners work for years, decades or even a lifetime and sell a business only once.? Others build and sell multiple businesses, buying or selling every few years.???
Regardless of the form in which you conduct business, proprietorship, partnership, limited liability company (LLC) or corporation, a fundamental question is whether you are selling the stock or assets of the business.? Actually, the ?stock or assets?? question? implies you are operating in corporate form. ?In that case, you could sell the stock or the corporation could sell its assets.?
If the business is operated as an LLC, you could sell membership interests (the units the members of the LLC hold) or the LLC itself could sell its assets.? If the business is operated as a partnership (whether general or limited) the sale could be made by the partnership (a sale of assets).? Alternatively, the partners could sell their partnership interests.
You might think all these avenues lead to the same place, but?they come out differently.? If you sell corporate stock, you are selling a security.? If you sell all the stock, you change who owns it, but the company is still in place and still owns its assets.?
Follow the Money.? The same would be true if you sell a partnership interest or LLC membership interest.? Even if all the owners sell their interests, the entity would still own the assets.? To see the tax differences between these mechanical variations,? follow the flow of money.
If a partnership, LLC or corporation sells assets, the purchase price is paid to the entity.? The entity may or may not distribute the sales proceeds to the shareholders, members or partners.? But whether or not the money is distributed, the payment to the entity will have tax effects.?
To assess it, you?ll need to know the tax basis of the assets in the hands of the entity.? The tax basis is the purchase price the company paid for the assets, less accumulated depreciation, plus certain adjustments.
Example:? Suppose the business entity sells its assets for $5 million.? To determine taxes you need to know the business? basis in these assets.? If its basis is $2 million, there?s a $3 million gain.? If its basis is $6 million, there?s a $1 million loss.? Sometimes this kind of basis is known as ?inside? basis, meaning the tax basis inside the entity.
Depending on the type of business entity, this gain may be taxed to the entity or to the partners or members.? For example, if a C corporation sells its assets for $5 million with a $2 million basis, that $3 million gain will be taxed to the corporation at up to 35%.? That will leave only about $3,905,000 for distribution to shareholders.?
If an LLC or partnership sold the assets for $5 million at a $3 million gain, there is no tax at the entity level.? The full $5 million can pass through to the owners who pay their pro rata share of the $3 million gain.? If you think C corporation treatment is better because the entity pays the tax, think again.?
After all, when shareholders of a C corporation receive distributions from the corporation, they too must pay tax at their individual rates.? Of the $3,905,000 distributed to them,?how much tax they?pay depends on their basis?in their shares and other variables.? But they pay?two levels of tax.? The partners of a partnership or members of an LLC are better off because they only pay one level of tax, not two.?
There is only one level of tax if the business owners sell their interests in a corporation, partnership or LLC.? To determine whether there is gain or loss and how much, you?ll need to know the owner?s basis in the ownership interest.? With an LLC or partnership, this is sometimes referred to as ?inside basis,? to distinguish it from the ?outside? basis that the entity has in its assets.
For more see:
In Business? Get A Buy-Sell Agreement
IRS: Sale Of A Business
Choice of entity poses tax, liability issues
Robert W. Wood practices law with Wood LLP, in San Francisco.? The author of more than 30 books, including Taxation of Damage Awards & Settlement Payments (4th Ed. 2009, Tax Institute), he can be reached at Wood@WoodLLP.com.? This discussion is not intended as legal advice, and cannot be relied?upon for any purpose without the services of a qualified professional.Source: http://blogs.forbes.com/robertwood/2011/07/26/but-who-pays-tax-on-business-sale/
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Tips For Kitchen Cabinetry Makeover | Home Improvement Advice
Posted by admin on July 28, 2011 in Cabinets | Short Link
So you have finally made up your mind to go for a makeover of your kitchen cabinetry? Whatever budget or liking you have, you can go for a complete makeover of your kitchen with some well-planned ideas. In this article, we would guide you with some interesting and useful tips for kitchen cabinetry makeover.
Semi-gloss Acrylic Latex Enamel Paint
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Go for a semi-gloss acrylic latex enamel paint, which is considered durable as well as scrubbable for areas that are meant for rough and tough use like your kitchen. Start your kitchen cabinetry makeover by applying this type of enamel paint and cleaning it for a desirable smooth and dust free finishing.
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Cabinets with Drawers
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For those people who have kitchen cabinetry with drawers, the best idea would be to paint the drawer fronts both from inside and out and not the sides and runners.
Reason being that painting the sides might not allow the drawers to slide smoothly.
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Steps for Kitchen Cabinetry Makeover ?
First of all label the doors and cabinets using masking tape and putting numbers before reattaching them from the cabinet.
Then, remove doors, drawers as well as hardware and number them accordingly.
Now, clean the removed pieces of the cabinet inside out with TSP (tri-sodium phosphate) and water solution. TSP solution helps degreasing the area to be painted.
The next step would be to fill any scratches or holes if there are any in the cabinet pieces with spackle and drying it out properly.
Then, sand the rough areas and wipe out the dust using the sand paper.
Use a good primer and then one thin coat of paint for a new kitchen cabinetry makeover.
Try out these easy tips and see how interestingly you complete your kitchen makeover with style.
Source: http://www.yy638.com/tips-for-kitchen-cabinetry-makeover
LifeSize: In the News | Video Conferencing Spot
by Julie Zellman, Marketing Communications Coordinator, LifeSize
Last week?s game-changing announcements led to a flurry of media activity in the last couple of days and we wanted to share a few of the stories with you.
Here are some of the highlights:
Logitech?s LifeSize tests price elasticity for video conferencing, By Larry Dignan, Logitech?s LifeSize unit on Wednesday made a series of moves to make a broader play for the corporate video conferencing market. LifeSize acquired an Italian startup to bolster its mobile offerings, launched a cloud service and unveiled an appliance that will bring endpoints to the $999 mark. LifeSize is making a play for a video conferencing market that features much larger players such as Cisco and Polycom. However, LifeSize, along with its parent Logitech, is strong among smaller businesses and has the pieces for broader enterprise adoption.
Logitech Looks to Cloud and Mobile Video Meetings, By Stephen Lawson, Logitech?s LifeSize division is embracing the cloud in a bid to extend videoconferencing?s reach, announcing new services and the acquisition of a small mobile video company called Mirial. Mirial, based in Milan, provides videoconferencing clients for PCs, Macs and a wide range of mobile devices, including iPads, iPhones and Android tablets. Logitech did not disclose the price it paid for the privately held company. It plans to integrate Mirial?s clients into LifeSize Connections, a newly announced cloud-based service that lets organizations set up high-quality videoconferencing without investing in their own back-end infrastructure.
LifeSize Acquires Mirial, Augments Desktop/Mobile HD Video, By Henry Dewing, LifeSize, a division of Logitech, has made an interesting set of announcements this morning. The three main points are: LifeSize Connections, a service that enables cloud-based videoconferencing; LifeSize Passport Connect, a very small codec/camera to video-enable remote/home offices; LifeSize has acquired Mirial,a developer of PC/smartphone mobile videoconferencing solutions. What does this mean?
http://www.lifesize.com/videoconferencingspot.com/?p=2363
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