https://padlet.com/castl1111321/riaqema2s2ub6o8x en-us 2021-12-01 00:51:48 UTC 2021-12-01 01:39:33 UTC hello@padlet.com https://padlet.net/icons/png/1f4b5.png castl1111321 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921685761 The term sale of assets refers to a business selling some or all of its property. This is frequently done as part of the sale or closing of a business or a merger between two businesses]]> 2021-12-01 00:57:57 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921685761 castl1111321 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921691250

You will know exactly how much money is available to run your business and you will not have to spend time trying to secure other forms of funding from investors or banks.

Self-financing your business gives you much more control than other finance options. It also means that you don't need to pay back or rely on outside investors or lenders, who could decide to withdraw their support at any time.

You will retain full ownership of the business, which in turn means that you will receive 100 per cent of future profits.

If you fund a business yourself, you will be forced to live within your means, only investing in business equipment and marketing when you need to. This can help you to prioritise your business expenditure and avoid excessive spending.

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Growth = improvement to existing product, market research, or develop new product.

Investment = source of further earnings, 

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Higher taxes = (but there is a possibility of tax breaks)

Dividends = money paid to shareholders

May lose value over time

]]> 2021-12-01 01:05:35 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921697784 castl1111321 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921707844 Retained profits is the percentage of net earnings not paid out as dividends, but retained by the company to reinvest into the business, or to pay off debt.]]> 2021-12-01 01:11:53 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921707844 burac67944_5 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921713102

Using your own money to finance your business may put a strain on your family and personal life. You may not have enough money left over to cover your living costs. You should try to leave a contingency fund, in case you need extra money to see you through a difficult period.

If your business were to fail, you could lose your home and other personal possessions.

Many investors and venture capitalists can also provide mentoring and networking opportunities for you and your business - if you fund your business alone, you will have to develop your own contacts and mentoring opportunities.

]]> 2021-12-01 01:15:12 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921713102 bhall89751_2 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921715390 Sale of assets is a short term source of finance because most internal sources are usually short term sources .]]> 2021-12-01 01:16:34 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921715390 burac67944_5 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921717536 https://www.nibusinessinfo.co.uk/content/advantages-and-disadvantages-using-your-own-money-start-business]]> 2021-12-01 01:17:55 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921717536 bhall89751_2 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921733406

No legal liability for the corporation prior to the purchase. 

No liabilities for employees 

Costs paid for the assets are depreciable.

Clean credit, reputation, workers compensation rating, etc. The new owner has a fresh start. If the prior owner had a high workers compensation risk rating, had a poor reputation for food quality and service, and/or had poor credit, the new owner will not be penalized for these items, and will start out with a clean record.

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No established credit. Unless you have had a prior business with a good credit history, initially it will be harder to get credit.

Rehire the employees. The employees don’t automatically roll over to the new owner unless he rehires them, although for a new owner, this feature has more advantages than disadvantages.

New licenses—all licenses need to be either newly applied for, or transferred.

Must pay sales tax on furniture, fixtures, and equipment.

]]> 2021-12-01 01:32:26 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921741880 bhall89751_2 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921747286 2021-12-01 01:35:42 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921747286 burac67944_5 https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921754002 An overdraft is a loan provided by a bank that allows a customer to pay for bills and other expenses when the account reaches zero.]]> 2021-12-01 01:39:33 UTC https://padlet.com/castl1111321/riaqema2s2ub6o8x/wish/1921754002