Saturday, December 14, 2013

How to figure out my overtime pay? -

I am paid on an hourly rate and a commission/ piecework rate. How do I figure out my overtime? Do I go by my hourly rate, or is by my commission?

commission is based on sales, not hours. Overtime would be calculated on your hourly rate, and any commissions from sales you made during those hours would be added after.

Is it mandentory to include your LLC as part of your business name? -

Just became a LLC and there are many opinions about when it is or is not required to show the LLC in the title of your business. When is it necessary or not?

Usually you will need to in most states. However, you can register a DBA (doing business as) name to get around this with your Department of Business and Professional Regulations.For example, my husband s business is an S-corp which is very similar to a limited liability company. We are a general contractor and we do our business under the name Bell Sons. Since my husband holds the presidency of the corporation and is also the license holder, his full name must be present in the business name UNLESS we register a fictitious name with the state---which we did. It costs about $150.Different states have different rules for this---just check it out at the state level department that regulates your type of business.

Just a follow-up to the DBA suggestion...most states have DBA registration at the state level for LLCs and corporations and at the local (county, usually) level for sole proprietorships. Be sure to check the rules in your state, as some states require both registrations.

How can i get sponsored or whats a good fundraiser? -

Im trying to start this Animal Sanctuary place and i need money to keep it going, i have a job but its not enough money to keep everything running properly, any ideas? or is their anyone that would sponsor my cause.

I applaud your efforts to start an animal sanctuary. You will probably need to find multiple funding sources. If you haven t done so already, try to form a group of people in your community who share your concern for the animals to find volunteers to help you. Approach local service groups and businesses to see if they will help sponsor fundraisers. A shelter in my area has found a local restaurant that will donate a percentage of proceeds for a benefit dinner. If you can get donations from local businesses you could incorporate a silent auction. You might want to see if you can find someone who would be willing to take photos of the animals and create calendars and greeting cards that you could sell..Consider creating a website to announce your events and also to have affiliate links that sell animal related products that will pay you a precentage of the proceeds. Some examples of companies that have affiliate programs that have pet related books and products include Amazon.com and Cafe Press, I ve included links to their programs and several other companies that have affiliate/distributor programs that you could use.to generate some income.Good luck on your worthy efforts!

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try to get a government grant.

How should $10K be used to retire in 5-10 years? -

If you don t know, please don t answer, I need expert people to answer only.

Pick an area you know and enjoy and figure out what kind of niche business you can start that complements your interests and where you can come up with a Unique Selling Proposition.Once you do, open a business serving the niche. Given you level of resources I suggest that you look to the internet as a solution to your problem. The advantages are low cost of entry and a world wide market, but you have to have something unique to offer and you will have to learn how to develop quality traffic on your website. It will probably take you a year to come up your idea, a year to get your website up and running well and a year or two to build to a reasonable level of sales. After that your business should continue to grow each year and, hopefully, by the end of ten year you will be able to retire.Good luckJerry-the-bookkeeperHope this helpsJerry-the-bookkeeper

It depends on what you mean by retire . How much do you need every year? If you need somewhere in the range of $500-$1000 or so per year, then you should have no problem starting now with only 10K.Most people, however, need more than $500/year when they retire. And with only 5-10 years, you 10K now is not going to grow all that much.A very good return on that 10K would be about 8-10%/year, which would turn your 10K into about 15K in 5-10 years. You MIGHT be able to average 8-10% per year in the stock market, but this is by no means guaranteed. Probably not, in fact.An absolutely safe return would be in the 3-4% range that treasury s and on-line CD s are currently paying. With treasury s you won t lose any money, but you also won t have very much after 5-10 years.If you want to hit it big and have 100-200K in ten years, I d suggest either Las Vegas or your local race track. If those are not attractive options, you re going to need more starting money.

Stocks are going to be the most likely way to go in the short term. I recommend some good mutual funds or a well diverified portfolio of stock for the long hauls. For fast money, go with the ones who are on the rise and sell when they stall or you think they are going to tank. Day trading in not a garenteed winning method unless you are a broker.Think about how wide spread the recent crash was-do not put all your stock in one company.

you cant is the simple answer. Think how much money you need to live on. Say you need 50,000 per year. So, how much money do you need to have invested at say 7% to earn 50,000? So, you need at least 700,000 to spin off the 50,000. But wait, you need to think of inflation and you investments must grow to compensate for that as well. I m retired and believe me, you will need alot more money than you think. I hope this gives you a place to start. Now, don t be discouraged, start saving now and you can make it. I retired at 45, very unusual for most. I earned a lot of cash, and invested it wisely.

Stocks. That is the only way to increase your worth. Stick with companies that provide necessities such as Kellogg s. Everyone buys cereal. Hormel and Kraft food are two others I like

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