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Selling Business Notes for Quicker Cash

In about 85 percent of all business sales, sellers accept a cash down payment and a promissory note to pay the balance in installments. The note is personally guaranteed by the buyer, and it is secured by the business and its assets in case the buyer defaults. Providing owner financing allows sellers to cater to a broader pool of potential buyers.

However, many sellers don’t want to be in the lending business and would prefer not to hold business notes. The good news is: they don’t have to. If you created a business note to unload your company, you can sell the note to someone else. This way you can get instant cash out of the business, instead of waiting to receive periodic payments in the future. You can use the cash for a variety of purposes, including: capitalizing on other investment opportunities, paying off debts, funding college tuition and making major purchases.

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Starting A Small Business In Less Than 24 Hours

In today’s high tech world, it no longer has to take extensive amounts of time to start a small business.  Many of the business startup steps can be handled quickly via the Internet, including the ability to incorporate online, apply for a tax ID number, and apply for a small business loan.

Incorporation
To begin with, it is beneficial to incorporate your small business for many reasons. The main advantage is the protection of personal assets that is offered.  Under this setup, business owners property cannot be a target of lawsuits or creditors.  Also, corporations are taxed at a lower rate and credit ratings are established for the corporation, not based on the individuals rating.

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