SEO – Smart Way to Gain Success

The popularity and visibility of a website on the internet makes it ranked good by search engines. Actually, the more visible the website is to viewers, the better the chances it can get to be noticed by the major search engines such as Yahoo, Google and MSN.

So if your website is not being notice by the search engines and your presence is being ignored by the internet, what will you do then? What will you do to make sure that your website will be recognized by the search engines? Read on, since this article will provide you the answer to these questions.

Definitely, having a business, you want it to gain success. Of course, you do not want your website left hanging in there without even a single visit or sale. One of your goals is to gain lots of visitors to your website; since this can help you gain traffic to your website and can get great ranking on the search engines.

Of course, you have heard about search engine optimization or SEO. For you to gain the goals you want for our business’ website, you have to optimize your website. Optimizing your website takes a lot of work, so if you think you can’t do it, you can hire a SEO Company to make the work for you. But of course, do not hire just a SEO company; make sure it is the best one.

Having a business, you want to make sure that it will gain lots of profits and be popular, but you can achieve this if you make use of search engine optimization. Yes, as mentioned earlier working with a SEO Company can help you out achieve all of your goals. But you have to take time in finding the best SEO Company.

The Best and professional SEO company can guarantee the success of your website, with their methods, strategies and experiences, they can assure you that you will gain traffic to your site and be on the top rank of the search engines.

Yes, you know that lots of people are using the internet for information, services and products, and they do it with the use of search engines. So if you will be on the top rank of the search engines, lots of internet users will visit your website.

If you are looking for the best SEO Company, you can use the search engines in doing so. You have to simply type the topic or subject of your website on the major search engines such as Google and Yahoo. Definitely, the search engines will give you plenty of results but of course all you have to do is open the one on the top rank and look for the SEO Company that made it possible for the website to be on that ranking.

Indeed, in order to gain the success you desire for your business, you have to work with the best SEO company that possess the strategies, methods and experiences that can aid to that goals.

Should You Use Sales Letters Before You Cold Call

Remember the numbers game? Well, that is the same thought behind sending out sales letters. The hope is that with every hundred or so letters, a few sales will result.

If you don’t know how to make a call from scratch and build trust, it seems to make sense to rely on a letter, brochure, or e-mail to do the job. But once you learn how to cold call the right way - with the new mindset - you’ll realize that sales letters really aren’t any help at all.

Here are four reasons to consider making cold calls without referring to a sales letter:

1. You get pegged as a traditional salesperson right away

When you start your cold call by referring to a sales letter, you’re following a traditional sale and marketing technique. This indicates to potential clients that you’re a traditional salesperson.

Do you really want to be associated with something that brings up painful memories of sales pressure? Better to break out of that negative salesperson stereotype entirely, and offer something new.

2. People just don’t read sales letters all that much

The hope is that potential clients have seen your sales letter before you call. From among all the other letters that arrived on their desk that day, you hope they’ve read yours (which is unlikely), and remembered it (even more unlikely).

The idea is that when you call, they already know what the call is about.

However almost no one reads sales letters. If they do, they remember them only vaguely.

3. Cold calling conversations are harder to initiate

Most people take it for granted that it makes sense to send out a letter before cold calling. They think this gives them something to start speaking about. They can say, "I sent you a letter, did you get that?"

Nevertheless, when you call, these are the reactions you typically get:

• What letter/e-mail?

• What was it about?

• Sorry - I don’t remember seeing it. What are you selling?

You may as well not have sent out the letter at all. Saying, "Hi, I’m just calling to see if you got my letter?" does nothing to move the conversation forward or to generate two-way dialogue. You’re still at square one.

4. A sales letter makes you talk about yourself first

When you start your cold call by explaining what a sales letter was about, you’re talking about yourself, your product, and your company.

This is exactly what we’re trying to avoid in the new cold calling mindset. We want to talk about how to solve their problems first, not about what we’re selling.

Isn’t it true that sales letters, brochures, and e-mails focus entirely on your company and your product or service, rather than on solving a particular client’s specific, individual problems? It’s essentially just an advertisement that you’re referring to. Moreover, you’ve lost the opportunity to be seen by your potential client now as a problem solver.

You’re just another salesperson who’s only interested in making a sale.

So what do we do?

Suppose your marketing manager sent out several letters or e-mails and you need to follow up. How would you open that conversation? By simply making your cold call without mentioning the letter. Just because your company sent out the letters or e-mails doesn’t mean you have to refer to them. In most cases, the letters are only going to hurt you, not help you.

Basically, if you have to follow up on a sales letter, then treat the cold call as usual and don’t refer to the letter at all. You’ll find that you won’t be tagged with the "telemarketer" stigma, and you avoid being pulled into the numbers game. At the end of the day, you’ll feel much more satisfied with your cold calling approach. You’ll be able to continue moving forward, firmly anchored in the new cold calling mindset.

Here Is Your 100% Money-Back Guarantee

Everybody would love to make lots of money quickly, working from home, and only doing a few hours of work per week. I've spent the past two years trying to find a great way of doing this. Only over the course of the past few months have I found any "get rich quick" programs worth buying. I've been trying to make money online for a long time. I had a few small websites, but they never made much more than a few hundred per month. It was easy money and didn't require much work on my part, but I knew there were people out there doing better than I was and I knew I could do as well as them.

Now, I've seen a lot of "get rich quick" programs. Most of these people make claims about earning $2000/day with Google or something similarly insane. Almost all of these people are complete liars. Even if they were making $2000/day with Google AdSense, it'd be because they had high - traffic websites with a lot of quality content. I'd know, because in one whole month, I never even made half of what they promised I'd make daily with their programs. Maybe you've already been scammed by one of these fraudsters. Anyway, I finally got sick of what was being offered.

I decided I'd look through the all of the "get rich quick" programs I could find and see if there were any that were actually legitimate. I found that there were owners selling their programs for well over $100, but the information in them could be found almost anywhere online for free. Additionally, they all contained out-of-date information, had no e-mail support, no money back guarantees, and broken links in the downloads section.

In conclusion, almost all of the programs I found were completely useless. The owners knew it, but they couldn't care less about their customers since they didn't offer refund policies! Amazingly, while looking through all of the programs, I actually did find a few legitimate programs. They were run by ordinary people like you and me, and they had found some great methods of making money from their home by doing very little work.

I spent some time working with those programs, and my income is now ten times what it used to be. These programs provided a large amount of great information on how to make extra money on your computer doing very little work. Numerous customers had provided great feedback and reviews for their products. Many of them have started to make money just days after buying!

Their programs have excellent prices, and the authors have a group of paid staff who are dedicating to helping you or providing assistance if you need any. I must say I was amazed! If you do decide to purchase any of the programs listed below, I recommend you join quickly. Most of the owners tell me they are getting an overwhelming number of sales and plan on raising prices in the near future, so order while prices are still low!

2.     To Your Online Success,

http://swasdm.realblog.hop.clickbank.net

Earn A Regular Income From Home On Your Computer By Freelancing

If you long for something different from your everyday 9-5, you are not alone. Many people feel trapped in their jobs and work is something they do not enjoy. But what if there was a way where you could find your perfect job, decide your salary, and even set your own hours. Does this sound too good to be true? Well, it’s a reality for thousands of freelancers who work from the comfort of home each day.

FACT: Freelancing provides a sense of freedom not found in the average workplace.

Freelancing is the best way to earn income without having to go to a boring 9-5 job. As a freelancer you can do many types of work including data processing, web design, programming, writing articles, photography, and the list goes on and on. Freelance jobs are plentiful if you know where to look. It is a genuine and legitimate way to make money on the Internet. There is a large variety of work, and so much of it, that it is almost impossible NOT to find work once you get started. There is no need to worry about finding online jobs because there are so many employers who are ready to hire people like you and me for their projects.

FACT: There are many opportunities on the Internet right now for freelancers.

There are many freelance sites on the Internet where you can advertise your services and look for work. Some are free to join and others charge a membership fee. You need to make sure you find the right freelancing site for your needs. There are also many guides to freelancing available but you need to make sure they not only cover how to freelance but where to find freelance work. Freelancing is becoming a way of life nowadays for many people. There is no reason why you can’t join the freelancing revolution and start earning real money from your own home right now. All you need to do is arm yourself with the right information and the right attitude towards working from home.

There are many advantages to working from home as a freelancer including:

Be your own boss. No more being told what to do and when to do it.

Set your own hours. No more boring, same old 8 hour work days, day in and day out.

Quote your own price. No more working for a lousy minimum wage that will hardly get you and your family by.

Work from the comfort of your own home. No more working in a stressed out, overcrowded office.

Choose what projects you want to take on. No more doing stacks of paperwork for hours on end or work that you are made to do.

FACT: You can make working from home more than just your dream.

Working from home is not impossible, lots of people have tried it, liked it, and have made it a way of life for them. Ordinary people are becoming very successful and making a living as a freelancer, but becoming a success does not happen overnight. The main thing to remember when looking for online jobs is to always do your homework before jumping in. With a little effort and persistence, you will be able to build a good reputation online and work will start coming to you. Take control of your life and realize that freelance work is an honest, reliable way of earning a regular income.

Alternative Investors Eye Private Companies

Q: Entrex has brought public market standards and disciplines to the private market. I understand the value of this to the alternative investment community, but what is the value to me as the owner of a private company?

- Craig Rutkai, business owner, Fort Lauderdale, Fla.

A: It's the question I get more than any other. To answer, let's start with what Entrex is.

In broad strokes, Entrex is a brand-new market for the alternative investment community. It takes the compliance standards and reporting structures that have long been a part of the public investing market and applies them to private companies.

Until Entrex, there was no way to compare apples to apples and no way of knowing what you were getting yourself into when investing in a private company. Entrex has brought transparency to the process of private investing, giving the alternative investment community a new place to put their money.

So how does this benefit you and others like you? In a word: capital.

Today, roughly 80 percent of private companies receive their funding within a 50-mile radius of their home office. Essentially this means friends and family, country club colleagues, regionally focused venture capitalists and fellow businesspeople. To say these avenues for pursuing capital are limiting would be something of an understatement.

But alternative investors are chomping at the bit to invest in private companies. They simply require the means to do so - an entity willing to do the due diligence so that they may find, research, track, manage and trade their investments. Entrex is that entity.

Whether you're looking for capital, interested in being acquired or simply want to see how your business is valued for shareholders on a quarterly basis, Entrex can help. It brings private business owners' need for liquidity and the alternative investment market's need for fresh investment opportunities together in one place.

The revolution is beginning. You can be a part of it.

What You Need To Know About Globalization

If we were to go out on the streets in any major city and ask people to explain what globalization is and how it affects people in a “Jay Leno” type manner we would probably arrive with many different answers. Why is this? Why are their so many different definitions of globalization and why are there so many different opinions on the topic? In this essay we will look at the definition of globalization including the pros and cons of this concept. To First tackle these questions let us take a look at the definition of globalization.

There are many types of globalization, which give us the ability to describe it in many different fashions. We could look at cultural globalization for example, which explains and discusses the movement of a culture and cultural values around the globe and ways in which they build upon one another and meld together, or we could take a look at communication and how it changes across the globe. Though, for the sake of this article, we are going to focus on Economic globalization described by Bhagwati in his book “In Defense of globalization.” According to Bhagwati, “Economic globalization constitutes integration of national economies into the international economy through trade, direct foreign investment (by corporations and multinationals), short-term capital flows, international flows of workers and humanity generally, and flows of technology…” Now that we have a brief understanding of what economic globalization is, let us look at some controversies revolving around globalization and identify positive areas of globalization and other areas that need fixing.

When was the last time that you turned on your television or opened the news paper and read some article regarding globalization and outsourcing or globalization having to do with an increase in poverty? It seems that this is a hot-topic among the media today driven by rallying youths, banners waving, and non-government organization (NGO’s) voicing their opinion. Is all this anti-globalization justified? According to Bhagwati, it seems that we have two types of people leading this anti-globalization movement: “stake-wielders” and “stake-asserters.” Stake-wielding people are people who feel that they are at war with globalization and are usually wild extremist waving posters and shouting out arguments that they most likely don’t understand themselves. Now stake-asserting people are different in that they use reasoned dialogue to argue their points and generally try to inform and educate people on globalization issues rather than protesting. So what are some of the issues that these people spend all their time voicing concern over?

One very common discussion is whether or not globalization increases the poverty level and the gap between the wealthy and the poor. One argument that we could take regarding this issue would be to argue that through globalization we are able to slowly increase free trade and thus the movement of goods and services across boarders more easily. We would then have gains from trade that will enhances the growth of the economy which will in turn provide more jobs and lower the unemployment rate bringing countries out of poverty. The best way to do this according to Bhagwati is to have “an increase in the size of the pie.” This is done not by an economy simply producing more of what they specialize in but rather by increasing the gains they make through the process of international trade. In his article, “Fixing Globalization – A Review Essay,” Joel J. Toppen argues that globalization is still very much up for debate and that our real focus should be directed towards the poor. Though globalization may not be specifically directed toward the poor, we can defiantly argue that it helps to elevate people out of poverty. So what are some other issues regarding globalization that people strongly advocate against? Does globalization actually solve these issues or does it need fixing?

Let us take a look at an issue that is constantly seen in the news, this would be the issue of outsourcing. When Nike first started outsourcing jobs overseas people were outraged. They were giving away American job just to make a few extra bucks and people were simply not happy about it. So how is this form of globalization even possibly a good thing? An argument that would support this aspect of globalization would be that by shipping jobs overseas countries in our economy are able to better maximize profits and thus help to grow our economy. Well this sounds all well and good but how long is it going to be until we see some of these gains in our economy? Are we not taking advantage of people overseas by paying them next to nothing? If one of us went to work one day and found out that our job was lost to outsourcing we can be sure that we wouldn’t be content with someone telling us that it was going to benefit the economy as and whole and eventually increase the standard of living. No. We would be miserable because we were now out of a job and among the unemployed; a person doesn’t live off of future gains. Now when deciding whether or not we are taking advantage of those “less fortunate” overseas by paying them so little we need to look at real wages.

Though it seems that we are taking advantage of people overseas and forcing them into sweatshop labor we are in fact increasing their real wage. Due to this increase in real wage the price of labor increases and we see a shift from longer hours of leisure to longer hours at work. This explains why people work so long at their jobs overseas. They want to work. Though this may explain that we are not taking advantage of people, we still see a loss of American jobs. Though we are seeing a loss in jobs, Bhagwati claims that we have “…actually raised the real wages of the workers.” He claims that the lower jobs are being outsourced and we are creating better jobs through and increase in education and technology. So is a part of globalization that needs fixing. If so, how do we do this?

If globalization causes an increase in real wage overseas and an eventual increase in the economy through the sacrifice of American jobs, how is it that we can stop the loss of these jobs and still maintain the benefits from globalization? This clearly needs some kind of fixing. One way that we could help with the loss of jobs would be to compensate those that lost their jobs from a clear from of outsourcing until they are able to get back on their feet. This is already done through programs provided by the U.S. government though it is often hard to make a clear distinction when it comes to the manner in which a job is lost.

Along with benefits form globalization there are also other areas that need fixing. A problem that we can see clearly results from globalization is the problem of illegal immigration from poor countries to rich countries. Through globalization, it has become easier and more beneficial for people living in a poor country to move to a country with a stronger economy. This is especially true when looking at the movement of people from Mexico to the United States. So why don’t we just open up our boarders and make it legal? If we were to simply open up the boarders between the U.S. and Mexico our economy would be obliterated. There would be a huge rush from into the U.S. by people waiting along the boarders. This huge rush of people would suck our economy dry, leaving us in a far worse condition. We are therefore presented with the problem of what to do with preventing illegal immigration. It used to be that most of our illegal immigration from Mexico came for people crossing the Rio Grande though it now comes from a different form. Bhagwati says that 50 percent of illegal immigrants now come form legal means such as visas. They enter the country legal and stay illegally. We know that it is impossible to eliminate illegal immigration so what do we do about it? He explains that to fix this problem “governments in the developed countries must turn to policies that will integrate migrants into their new homes in ways that will minimize the social costs and maximize the economic benefit.” This is a problem that will not only result between Mexico and the U.S. but also other countries as well.

Now we are going to take another look at an area of globalization that needs improvement. This problem is the ease at which capital flows can move in and out of an economy. It has been increasingly easier and easier to invest in foreign economies due fallen barriers broken down by pressure from institutions such as the IMF and OECD. According to Stiglitz, “The most adverse effects have arisen from the liberalization of financial and capital markets-which has posed risk to developing counties without commensurate rewards.” As globalization continues to occur it has become easier to invest in foreign economies through decreased barriers and instant transfers via the Internet. This can could potentially cause overwhelming problems because “as investor sentiment changes, the money is pulled out, leaving in its wake economic devastation.” So how do we fix this problem that arises form globalization? There clearly needs to be some type of barrier when it comes to capital flows. “[Capital-market liberalization] illustrates what can go wrong with globalization. Even economists like Jagdish Bhagwati, strong advocates of free trade, see the folly in liberalizing capital markets.” It is clear that we need to have some type of resistance to the ease at which capital may flow in and out of a country.

In this article we have looked at the definition of globalization, areas of globalization that are sound as well as areas that could use some improvement. From this we are better able to understand the complexity of the issue and hopefully gain some insight that will help us to live in a way that will help better our world.

We Fear To Sell …..And How You Can Overcome It” (Part II)

In the first article we looked at how many first time (and experienced!) sales people can be held back from achieving success because of the fears they may have on getting out there and selling.

In the previous article I highlighted 6 main selling-related fears: failure; image or self belief; rejection; lack of product knowledge; criticism; presentation. Each of theses fears on their own can cause a breakdown in the sales process and prevent you from confidently tackling another prospect.

In this article I will look at how you can address these fears head-on; what you can do to face your fears and banish them for life!

Fear of Failure

Undoubtedly the biggest fear most people in selling, and business have is the fear of failure. There is nothing more demoralising than a continual lack of success! Fear of failure has been ingrained from school – remember all those tests when the results were read out for all the class to hear? If you had a poor result, you never felt like trying again! But, don’t be like Homer Simpson when he tried to consol his son Bart who had failed in his bid to be class president,

“You tried and you failed. The lesson is … never try.”

So, what can you do to conquer your fear of failure? The bottom line is that you need a rock solid positive attitude. You must have an inner voice which is continually pushing you onto the next prospect and saying, “Come on, let’s find the one who’s going to say yes!”

Failure has to be seen as a learning opportunity. In every failure, there is a nugget of information, which next time, can point you in the direction of better success. James Dyson, the inventor of the revolutionary vacuum cleaner, summed up the need for a positive attitude, when he said, “Success is made up of 99% failure. You galvanise yourself and you keep going as a full optimist.”

Image Fear

Not everyone has boundless self-confidence. When you start out in business, there is sometimes a nagging doubt that you may have bitten off more than you can chew. This inner doubt chips away at your self confidence and soon you have a poor self image, which reflects in your sales pitch. To be a successful salesperson you have to have a strong self image.

To improve the image you have of yourself, follow these steps:

Write down the qualities which you believe a successful salesperson should possess. Try and limit the list to 4 or 5 key qualities

Find a quiet spot and relax your body and mind with deep and steady breathing

Once you are totally relaxed recite the strong, self image qualities you identified earlier

Imagine or visualise yourself possessing each of these qualities. See in your minds eye how you look, now that you have these qualities. See how successful you are, how you look, and the car you are driving, where you are living

Repeat to yourself that you are assuming each of these qualities and becoming a better person with each day that passes

Repeat this exercise first thing in the morning and last thing at night and you’ll soon find your self image and confidence levels increasing!

Fear of Rejection

Closely linked with the fear of failure is the fear of rejection. Hearing the response “No” is not a great motivator! The main way to deal with rejection is just to accept that it happens. Try and re-frame any rejection you get by saying to yourself that it’s the customer who loses out, not you. Walk away with a smug smile on your face and remind yourself that you are one step closer to someone who will say “Yes”.

Product Knowledge Fear

A lack of in depth knowledge about your product or service quickly finds its way to making for a poor presentation. There is only one solution … and that’s to get learning! Absorb yourself in the product. Understand all the features and benefits, so that you can confidently talk about all aspects of your offering. Banishing this fear is one of the easy ones to put right.

Criticism

No one likes to be criticised, especially if you have tried your hardest. Unless you are very thick-skinned, harsh criticism can knock you back. If you carry out the exercises on improving your self-image, your ability to take criticism will also improve. Decide to view criticism more as feedback than a direct attack on you. There is usually some element of truth in the majority of critical comments and it’s important that you take the opportunity to learn and change.

Presentation Fears

You may know all the features and benefits of your product but, like an actor, you suffer from stage fright! The presentation fear can be down to a lack of structure around your sales process. Write a basic outline on how you wish a perfect sales pitch to go. Prepare a script for the key parts of the presentation and rehearse, rehearse, rehearse!

Why not ask someone to help you role play a sales presentation? This will give you the opportunity to make all the mistakes you want but in a risk-free environment! You should also visit your local Business Link office and see what courses they are running on sales skills. Look out for books and tapes on effective selling. All of these actions will assist in improving your confidence and result in a more professional sales presentation.

Selling does not have to be a fearful experience! If you have the right attitude, a strong self belief, a full understanding of your product and plenty of practice, then you will have nothing to fear. So, take a look at each of these fears and put a plan in place to tackle them today!

Benefiting from Using Small Business Credit Cards

Running a small business requires accurate and detail records. This can be accomplished by using a business credit card. Using a business credit card will provide the small business owner with a monthly statement, listing all business transactions in detail. This is very beneficial because it separates business expenses from personnel expenses. Business owners do not need to sort out personal expenses from business expenses or worry about losing receipts or making reimbursement errors.  With such categorized statement, the business owner is able to spend more time analyzing and monitoring expenses to decrease cost where needed. This business credit card statement simplifies the process of filing a business income tax.

Using a personal credit card to make purchases will cause errors and inaccurate reporting and poor business management. To manage your business wisely, it is advisable to use a business credit card because it eliminate the mixing up of personal expenses with business expenses. The statement produced from the business credit card gives a true picture of all transactions made.  With this information, business owners can have more time to analyze the statement and adjust expenses to increase profitability.

Tracking your business overhead is accomplished quite easily with the monthly small business statement.  With this detailed statement, business owners are able to analyze business expenses and cut cost where needed.  Staying in business and making a profit is the main concern of small business owners. Business owners who utilize the monthly statement reports know where monies are spent. They are able to make wise decisions in cutting expenses where needed.

Event though standard business credit cards have comparable features as a business credit card, 0% Apr, no annual fees, balance transfer option, cash back and rewards and more. The main difference for business credit cards is they offer a higher credit limit and is designed and developed to benefit the small business owner.  Business owners are able to leverage their buying power because they usually purchase in bulk, as a group which adds up to big savings for the small business owner.

Some features of a small business credit card include, online account management, higher credit limit, itemized employees statement, personalized credit card and more.  Business owners love the higher credit limit because it allows them to have a liquid cash flow to make purchases for airline tickets, gasoline, and office supply etc. and avoid undercapitalization. Maintain good credit because the small business owner is liable for any defaults associated with the business credit card. Credit card activities are reported to the main credit bureaus, Experian, Equifax and Trans Union.

Educate yourself about the features of the business credit cards since there are differences between business credit cards and personal credit cards. Apply for the business credit card that will offer the most savings and benefits for your particular company. For example, if you have a fleet of cars then apply for the business credit card that offers the most cash back and rewards. Small business owners are generally a sole proprietorship and are personally liable for the business credit card debt. Read the terms and conditions to have a good understanding about the features offered, penalties for late payment, charging over credit limit, defaults on credit-card payments and knowing who is responsible if the credit card is lost or stolen.

iCreditOnline.com is the web’s leading credit card resource site. Customers are able to compare credit card offers and apply for the card that meets their needs. This article is free to publish in its entirety and must include all links: http://www.icreditonline.com

Do I Need a Virtual Assistant?

International virtual staffing agency, Team Double-ClickSM frequently replies to beleaguered prospective clients who ask, “Do I Need a Virtual Assistant?” Gayle and Jim Buske, founders, CEO and CFO, respectively, offer a remarkably straightforward means to answer this critical question.

Team Double-Click’s recent unveiling of the company’s easy-to-navigate website offers a self-administered quiz entitled, “Fast Quiz: Do I need a virtual assistant?”  Within five minutes, future clients can determine whether internet-based professionals, who provide virtual administrative, marketing and sales support, can indeed contribute to an entrepreneur’s emerging or existing business plan.

Answering a series of nine thought-provoking questions; one for example, “How often do you work additional hours in the evenings or on weekends just to stay on top of administrative tasks?” business owners select one multiple choice answer; each assigned an individual point value.  Upon completion of all nine questions the allotted points are tallied to determine if a virtual assistant can or cannot be a useful team member to assist in the growth of a future client’s particular business. If determined that a virtual assistant is needed, the quiz further clarifies a recommended number of hours an assistant can be contracted to relieve a business owner of any routine responsibilities, project work and/or on-going; albeit important, time-consuming tasks.

Another challenging quiz question presented on the website is, “Do your phones go unanswered because you are often out of the office or busy on another line?” This particular question frequently leaves the small business owner wondering how much revenue is truly lost when potentially important telephone calls remain unanswered.

Additionally, Team Double-Click’s all-inclusive website offers a myriad of other customized virtual office assistant solutions for the entrepreneur.  Targeting small business owners, real estate brokers, investors, and agents, visitors to the site can view a task list that a contracted virtual assistant can accomplish in their specified industry.

In a 2006 interview with Kendra Todd, winner of NBC’s “The Apprentice Season 3”, hosted by Gayle Buske, Todd was asked to explain how she eventually determined that Team Double-ClickSM virtual assistants would add value to her rising real estate empire. Todd explained that as her business grew, a business partner eventually approached her and said, “Kendra, you can’t do it all, and you need a virtual assistant”.  Todd added, “I have a very large database with lots of people – a couple thousand people in my database.  It is important for any successful business owner to keep in touch with their clients, and email and ezines are a wonderful way to do that.”  Todd continued, “It’s hard to pick up a phone and call several thousand people and say, ‘Hello, how are you doing?’ but there are some wonderful virtual ways in which to have an intimate relationship with your customers, and so that was one of the reasons why I really needed to get a virtual assistant.”

Todd has built her real estate team based on the premise that she, “…just want[s] the best people at what they do, regardless of where they are [virtually].” Business owners and entrepreneurs can now determine within a few minutes if a virtual assistant can be a viable addition to a client’s organization and, if so, through the use of Team Double-Click’s virtual staffing solutions website customized tools are available to effortlessly assemble a dynamic virtual team.

Ice Tower Fails to Complete – Further Update (6/25/07)

We recently reported that Ice Tower in Panama City announced it was not going to be built and that they were going to refund money to the investors. Many of those investors paid as little as $1000 a sq. meter. Now current market prices are $2000 per sq. meter up to $3500 a sq. meter. This is probably more than Florida real estate at this time but if they can get it why not.

The problem is the purchases are frequently speculators also called flippers who have no intention of ever living in the units. They just buy in anticipation of higher prices and then sell to another person and then he sells to another and so it goes. It eventually is like musical chairs, the music stops and there are not enough chairs for everyone and someone gets left out and in this case left out means they can not sell the condo for more than what they paid for it. Their choices are then to walk away from the down payment which could be as much as 30% of the purchase price by completion time.

Their other choice is to fund the actual purchase at completion and hope the value appreciates over time so they do not take a loss by walking away from their deposit. This generally involves renting the units. Now if there are a lot of rentals on the market as in many investors who got stuck like this, then the rents drop since $1000 a month beats asking $3000 a month for four months with no renters. Well when one can rent the unit cheaply why buy it. Appreciation becomes doubtful and that is one way a real estate bust occurs.

There are lots of other bust scenarios as well. Well these investors in Ice Tower were licking their chops regarding the anticipated profits and now they are going to just wind up with a refund for all their trouble and waiting. They also might have been able to buy a different project instead of Ice at the lower prices back then and that project may have actually completed and then they could have realized profits. So they had a hidden loss of opportunity at the very least.

On Sunday, June 24, 2007 cement mixer trucks were pouring cement into the hole that was destined to be Ice Towers foundation, which of course is no longer a viable project. So were they just filling in the hole with expensive concrete or were they pouring the concrete to finish the foundation, which could be used for another residential building on the same prime location. Since the Ice Tower team indicated according to La Prensa newspaper that another building would be going up in its place this is what could be what is going on, but we do not know this. What we do know is that cement trucks were pouring cement into the foundation to fill it.

Iron Tower - We just learned (this is all hearsay by the way <smile>) that the new building taking the place of Ice Tower is to be called Iron Tower. This explains the cement trucks filling in the foundation hole. The same developer is building it. Iron Tower is supposed to be 75 floors in height making it a substantial icon building on Avenida Balboa. The cost of Iron Tower is going to be $2500 a sq. meter for the existing purchasers of Ice Tower. This is a special discounted price from the list price of $3200 a sq. meter. If the customer wishes to transfer to the new project they can and if they prefer a refund they can have one just as easily. This is what we are being told. I expect as the days and weeks pass we will learn more about the new project and how things are going so stay tuned for more updates on the Panama Real Estate Boom or Bubble Bursting!

Sell Bar – Steps to Selling a Bar

Running a bar can be a thrilling experience, but it takes a lot of knowledge to sell a bar.  Buyers expect a lot of information to ensure things are in order.

Timing – The timing for the sale of a bar is very important.  The bar should be doing very well with plenty of repeat customers and the possibility of retaining the customers with the new owner is crucial.  If there are certain times in a year, when the bar is usually full, then prepare to sell it during that period.

Another thing about timing is that, at the time the business is put up for sale, there should be no contracts that are going to expire soon, or else buyers tend to reduce bids.

Bar owners manage their business using the strategy of reducing the taxes by reporting less income, and buyer’s first look at the income that is reported in the tax returns in order to place a value on the business.  This is where advance planning becomes important.  The years prior to putting a business up for sale should be carefully planned and more income shown, even if one has to pay taxes.

Seeking Advisers/consultants - It is advisable to consult advisers or experts to understand government regulations better.  Accountants can help with the financial aspect and taxes.  An attorney can help with the legalities.  If the bar is well-established and depending on the size, one can either use the advice of the experts or engage them to get things done, including valuation, packaging, locating buyers and negotiating the sale.

Confidentiality – The worst part about selling a bar is that, it can have a negative effect on the bar, once it is made public that the bar is for sale. The employees, competitors, customers will start drifting and in turn destroy the placing of the bar, lessening the value.

We also need to talk about how confidentiality needs to be maintained.  Limited information should be given to the potential buyer, until it is determined that the buyer is legitimate and genuine. Asking the buyer to sign a non-disclosure agreement is a must.

After signing of the non-disclosure agreement, the buyer can be given the other confidential information regarding finances and operations.

Establishing the worth – The worth of a bar must be made known to the buyer. For this, the first step is to get everything evaluated. It helps to seek the help of an experienced evaluation expert.  This is a must not only for the seller to fix a price on the business but also for the buyer to understand and appreciate the value of the bar.

Terms of sale – Pricing is not the only factor that needs to be taken into consideration when selling a bar.  The current financial situation and the health of the bar are factors that will also influence the sale. Another important aspect is how the payment would be made, a complete cash deal or offering seller financing, the involvement (if any) of the seller in the bar business after the sale is made and the ownership transferred.  Mutually agreeable terms can be arrived at after discussions.

Some buyers may wish to get the seller to finance all or part of the sale.  Seller financing usually gets the seller a better deal.

Recasting financial statements – This means checking the financial statements to avoid showing that less income was portrayed to avoid taxes, engaging in any illegal transactions that may effect the bar business, or having shifted some personal expenses to the bar.  Adjustments in the balance sheet and income statement should be done if needed.

Advertising - The most crucial step in selling a bar business or any other business for that matter is advertising.  Targeting an active network of buyers is important to reach qualified prospects with capacity to acquire the bar business for sale. Identifying and screening to evaluate the financial strength of the buyer is extremely important.

With all these things done, one cannot go wrong in selling their bar business to the best buyer and be happy in the knowledge that their business is still in good hands.

Review: Salgado Investigations

Salgado Investigations was founded by Jorge Salgado in early 2006, the company is based in Croydon South London. I asked Jorge how he first got into the world of private investigation. He informed me, he was a bit of a rebel in his younger days, he started off his working life with a short stint at his local Cinema. This was followed by finding work as a security guard; Jorge quickly found his feet in this line of work and progressed to become a store detective. Jorge continued to distinguish himself from his peers and moved up the chain to becoming a retail undercover investigator at Heathrow Airport and later was appointed as the security manager at WH Smiths.

In 2006 Jorge decided it was time to take a gamble, this led to him setting up his own private detective agency. It is normal for people to struggle when they first set up their own business, Jorge was no exception. In the first 6 months he found it very difficult to source a steady stream of clients. From late 2006 however things started to improve as clients started to appear on a more regular basis.

Jorge is passionate about his work; he continually strives to improve his own personal knowledge base as well as developing his website. He views this as crucial, especially in light of new licensing legislation that is expected to be introduced within the next 12 months. His clients are obviously happy with the level of service as he receives many referrals and recommendations.

Salgado Investigations offer an array of services, these include

• Process Servers

• Tracing Agents & People Finders

• Loss Prevention Investigators

• Matrimonial & Infidelity Surveillance

• Insurance & Personal Injury Detectives

• Computer Forensics Unit - CFU

Jorge spends a lot of time networking with other small business owners at 4Networking, what I personally like is Jorge puts a lot of time into this networking group however due to the nature of his work, it seldom results in him sourcing clients, this is testament to his true character.

I wish Jorge all the best for the future, I am aware he has some interesting ideas for his companies’ development and improvement. I am sure his hard working ethos and determined attitude will serve him well in positioning his business at the forefront of the UK’s private investigation sector.

A New Beginning for Coal

This is the 21st century. Why are we burning little black rocks to charge our laptops and cell phones?

Because after years of mine shutdowns and declining prices, the coal industry is making a prosperous return.

In the early 1900s, coal was the nation's major fuel source, supplying almost 90 percent of its energy needs, according to the Department of Energy.

When the cleaner, more efficient petroleum and natural gas came into play, the demand for coal declined. Today, nearly 55 percent of the nation's electricity is generated using coal, and the numbers are growing, according to the World Coal Institute.

Even though perceptions of the coal industry have changed dramatically over the years, coal maintains its vital role in the world's energy mix for many reasons. It is easy and safe to transport, it remains far cheaper than natural gas, and it is abundantly available.

But it wasn't until natural gas prices shot up and California was held back by blackouts that the coal industry took center stage. For decades, it seemed to be dying. But with easing of pollution controls, the Bush Administration began to establish the groundwork for a resurgence of coal-fired power across the nation.

In 1999, natural gas was the most expensive fossil fuel, petroleum was second and coal was the least expensive, according to the Department of Energy. Although the cost of generating electricity from coal has increased through the years, it is still lower than the cost of generating electricity from either natural gas or petroleum.

As for cleaner air, coal has long been unpopular with environmentalists who argue the fossil fuel produces the greatest amount of mercury and carbon dioxide emission, associated with global warming. Current energy bills, however, propose clean coal power initiatives, which would implement high-tech ways to reduce pollution when electricity is generated from coal.

Today, mines that were closed in the 1990s after a downturn in coal prices are being reopened in Southeastern United States. Quest Minerals and Mining (OTC BB: QMMG.OB) is acquiring and reopening properties that produce coal in compliance with Clean Air Act requirements. According to Quest, coal emitting less than 1.2 pounds of sulfur dioxide per million BTU, commonly referred to as "low-sulfur coal" is currently trading at more than $50 per ton.

Four Indicators to Watch When Outsourcing During a Recession

When making decisions about IT offshore outsourcing, the state of the U.S. economy looms large. The effect of exchange rates, interest rates, IT employment levels and even domestic commercial office vacancy rates will affect your onshore, offshore or nearshore strategy. America is growing more and more dependent on lower cost offshore services. So what is an offshoring decision-maker to do about controlling cost in this U.S. economic downturn?  That depends on how the economic cycle affects your business. Because consumer spending leads the economy up and down, recent weakness at Tiffney and Target suggests both ends of the consumer spectrum are being affected, so we may be early in the cycle. In his article “Understanding the Economy” (Inc. Magazine in December 2007) Joseph H. Ellis says, “People worry that a recession is coming. But buy the time one arrives, most economic harm has already happened.” He says don’t be afraid to do your own economic detective work. You may gain a new perspective in cyclical patterns and cause-and-effect relationships you didn’t realize existed. Here are four indicators to consider.

Exchange rates: Analyses of major IT software outsourcing destinations reveals that most of their currencies appreciated against the US dollar substantially. This resulted in either a higher cost for clients or lower earnings for offshore providers. In a country like India that claims 70 percent of the international business process outsourcing market, the Indian Rupee gained about 11% on the dollar from an average exchange rate of 44.21 Rupees per dollar in January 2007 to a monthly average of 39.37 in December of 2007.   Currencies in nearshore outsourcing destinations like Canada and Brazil also saw a sharp appreciation against the dollar of 15% and 16% respectively from January to December 2007.  This represents increased cost to you the buyer or lost revenue to the outsourcer.  When reviewing your outsourcing strategy, currency exchange rate risk is something both parties to the agreement need to discuss and not just hope for the best.

Interest rates: Rates can go up, down, or stay the same. Sometimes we overlook the basics. The Federal Reserve seems to be trying to keep interest rates artificially low but that is exacerbating the dollar’s decline. The results are always inflationary. Should they fight inflation, interest rates will increase and this will raise the dollar. If you need capital, time may be running out on low cost borrowing even if you can get it. Keep cash at the short end of the yield curve to protect against eventual higher rates. When reviewing your strategy keep in mind that if the government’s adjustment to interest rates strengthens the dollar, your offshore services will get cheaper, however, if you use short-term borrowing to make payroll, your cost of onsite services will surely rise.

IT employment: According to the U.S. Department of Labor, Bureau of Labor Statistic’s, computer software engineers are one of the occupations projected to grow the fastest and add the most new jobs from 2006-2016. Employment levels for computer professionals are currently at one of the highest points in recorded history with un-employment in this profession reported at around just 2%. It is possible that outsourcing to other countries may somewhat temper this employment growth. Many firms will cut cost by outsourcing to foreign countries that have lower prevailing wages and highly educated workers. However, high quality jobs in software engineering require computer professionals with strong programming skills, systems analysis and interpersonal skills. Therefore rising wage pressure will become a long-term strategic issue, whether you are attempting to staff professionals domestically in a job market at near full employment or you are attempting to staff offshore where experienced professionals are demanding higher wages in their currencies against a weaker trending dollar.

Office space:  IT staff augmentation requires additional office space somewhere. On the first Monday of 2008, real estate research firm Reis reported that U.S. office vacancy rates rose for the first time in four years. Completions rose to 19.6 million square feet in the forth quarter, the highest level in almost seven years vs. 8 to 12 million over the last couple of years. This is the first time since the forth quarter of 2004 that effective rent growth has fallen short of asking rent growth and concessions have widened.   In this market it might be cheaper than ever to lease additional office space for an expanding IT services and development team. But facilities are always a part of the cost equation.  When developing an offshore vs. onshore strategy look at all your cost including facilities, utilities, network access, and other costs associated with housing a large or small team. Some emerging markets like Panama have an excellent infrastructure and government policies that are designed to encourage technology businesses to use facilities there.

No matter where you are in the cycle, cutting costs and improving quality is always a goal. Outsourcing can help you to reach that objective. There is a clear growing trend for companies, regardless of their size and industry, to outsource an element of their business. George Schildge, president of CEO of Matrix Marketing Group Inc. believes outsourcing is not a passing fad but clearly a paradigm shift that can change a business model for the better. Two themes for software development trends in 2008, according to SearchSoftwareQuality.com, are that outsourcing will continue to effect more people and business analysts and project managers will need to learn how to face the challenges of distribution across countries and continents. Bas de Baar, project manager and author of “Surprise! Now You’re a Software Project Manager” says Different cultures, different time zones different languages, different customs will impact software projects more than in previous years.

Profiting this year will require different strategies. Outsourcing will become a bigger part of the equation so do your homework now and act to stay ahead of the curve.

.

Vision TRE has aggressively sought out IT professionals in Brazil, Panama and Ecuador with first-rate English skills and offers their offshore services in advanced programming skills including .Net, ASP, C++, C#, Microsoft SQL, Oracle Applications, Oracle DBA, Crystal Reports, Visual Basic, network engineering and more to U.S. clients since 2004. We currently have a large reserve of skilled professionals ready to meet any popular programming skill set demand.

Tax Benefits of Incorporation

Is it less taxing to incorporate?

Some companies may seem to escape death, but they will ever be able to escape taxes. That doesn't mean there aren't some tax benefits out there, though, that only the corporations are getting. Companies are tempted to incorporate for a number of reasons, but more and more often, taxes are the main motivator. But why?

Well, it's important to note right away that incorporation only means tax benefits for some companies. For others, taxes might actually become a bigger problem than they were before. However, potentially, you have a lot to gain – in what you won't be paying in taxes to the government – by incorporating. There are a few basic tax benefits that corporations often rely upon.

The first one is tax deferral. All this means, really, is that a company can keep more of its earnings. How can this be? When a company becomes a corporation, it becomes a separate entity of its owner and thus adheres to different rules than it did before. Typically, an owner must pay taxes directly to the government on his or her net income. But if that same owner has a corporation on his or her hands, it's an entirely new ballgame. The corporation has different tax rates than its owner! Depending on the state, a corporation will have to pay little to no income tax. You can expect that the income tax of a corporation will be significantly lower than a personal income tax.

This may all sound very quaint and appealing, but there's more to the story. The grass isn't necessarily greener on the other side because of a nuisance called double taxation. Double taxation happens when both the shareholder and the corporation are taxed for various profits and gains. Especially when a corporation liquidates, this is a problem. (As new dividends make themselves known.) There are ways to resolve the double taxation dilemma, but it does take quite a bit of thought and planning.

Whether you're running a company or a corporation, you must think about taxes in the long term. Don't just plan for this year and next – think far into the future and foresee problems like double taxation. As you consider the tax benefits of incorporation, make sure to also consider the disadvantages and added complications. If you want to get the best bang for your buck when you incorporate, you must play an active role in the process of turning your company into a corporation. And that means you can't take for granted the promise of tax benefits.

Also keep in mind that tax law is ever-changing and tax benefits that generations before you had may be nonexistent today, while new benefits may take their place. It's advisable to keep up to date about what your state legislatures are coming up with from year to year. Because each company has its own personality and ambitions and of course net profits, some tax benefits may be more disposable than others. The only appeal of tax benefits is that a company retains more of its earnings, so if incorporation is costing you money in other areas, you will want to note this. It's important to weigh all the costs and benefits against each other!

The Price Tag of Incorporation: Fees

The Price Tag of Incorporation: Fees

A lot of benefits await a company that's about to incorporate, but there's a price to it all. A hefty price in fact. Incorporation is a long and sometimes grueling process. It also happens to be an expensive one. In particular, a company will face fees for incorporating – all this means is a company can't really incorporate on its own; it often needs the help of an outside service to efficiently incorporate. There are steps you must take both before and after incorporation that require a lot of paperwork and changes to your business structure.

Basically, there are three ways you can incorporate. Are you a staunch do-it-yourselfer? If you know what you're doing, you can save yourself a lot of money by incorporating yourself. But that's not an easy task and most prefer to turn to an incorporation service or an attorney to guide them through the process. Some companies offer more complete incorporation services than others and typically, the upfront fees you are quoted won't be all you end up paying out – there are many hidden costs. There's another added factor that will affect your incorporation fees: your state. What state are you incorporating in? Each state has different filing fees.

Just as you would shop around for a car, or any relatively pricey product for that matter, you need to do the same for an incorporation service. There are unfortunately many bad deals out there and you don't want to fall victim to a scheme. Read the fine print, ask about hidden costs, and make sure the services offered will lead to full, and not just partial, incorporation.

Also, consider the friendliness of the staff as a point of major importance. Incorporation is a complicated and serious step for a company to take and it must not be done casually. It's best if you have a team of people skilled in incorporation on your side, ready and willing to answer every question and address every concern you have. Incorporation poses different problems for different companies and that's why your incorporation service (or attorneys) must be in tune with your company's individual struggles.

In fact, you may very well be advised not to incorporate as you comparison shop for an incorporation service! It's not beneficial for every company to incorporate and if you can avoid the fees, why not?

But you're probably wondering... what do these incorporation fees cover? What goes into incorporation exactly and why is it so expensive? Here are a set of tasks a good incorporation service will handle:

·      State filing fees

·      State recording fees

·      Search for a name for the soon-to-be corporation

·      Certificate of Incorporation preparation

·      Filing the many important documents for incorporation

Furthermore, incorporation fees include that of forming the corporation and also a limited liability company. So keep that in mind as you think about the price of incorporation.

Do you feel even more confused now? The uncomfortable fact is incorporation is far from an easy thing to do, but there are a lot of services out there dedicated to making it a convenient option for your company. But it does have a cost! Even after you incorporate, you'll still have more paperwork and jobs to do to keep your corporation in good standing. Chances are these pesky incorporation fees will be worth it in the long run, but only if you choose a good service.

Great Hotel Marketing Starts with Hotel Website Design

You may have the most wonderful hotel in the world, with gorgeous landscaping, comfortable rooms, and impeccable service, but if guests don't know about it, your occupancy rates will be a continual disappointment. In this day and age, the most critical component of hotel marketing is great hotel website design.

Why Hotel Website Design?

The numbers say it all. During 2007, almost a third of all hotel revenues will be generated by online channels. Moreover, over half of your target audience's decision-making is influenced by the Internet. Over a third of hotel guests choose their hotel based on online research, but book through another channel. The remainder researched their choices through an Internet portal, but then tried to book directly with the travel provider.

Without great hotel web site design, it's as if you printed 1,000 beautiful, four-color, ten-page brochures that stunningly captured the unique nature of your hotel at ten dollars apiece, and then locked them away in a cupboard. How effective would they be? The "look and feel" is vitally important in motivating visitors to explore your hotel product, and in guiding them to buy, but without the right technology, site structure, and navigation methods, you will only have marginal online revenues.

Hotel Search Engine Optimization

Even if you have a wonderful hotel web site design, if no one can find your website when they are searching online for that "luxury San Diego hotel," that "romantic B&B outside Paris," or that "adventure scuba holiday in the Maldives," it's as though you didn't have a website at all.

The way that potential guests will find your hotel web site is through search engine optimization. Search engine optimization is both an art and a science - and shouldn't be left to amateurs. Search engine optimization techniques will enable your hotel website to be returned high in the rankings of search engine results - a critical element of effective online hotel marketing.

Factors to Consider

When choosing a marketing company for your hotel website design, make sure that they understand and meet these goals:

* Generating qualified, quality visitor traffic

* Motivating visitors to delve deeper into your hotel website

* Converting visitors into online hotel revenues

Too often, hotel websites are developed in reverse, placing the emphasis on design rather than on generating website traffic. The key is to balance traffic generation effectiveness, the site's "look and feel," and conversion techniques to produce a hotel web site that looks great, gets plenty of traffic that converts into bookings.

Find a Hotel Website Design Company

Today, Internet design and marketing companies have specializations. In order to get the best return on investment, it's best to choose a website design company that specializes in hotel website design. Make sure that their approach adheres to the following guidelines - otherwise, keep shopping. The company should:

* Identify your visitors' expectations and intentions

* Work with you to clarify your own objectives

* Develop a hotel website revenue conversion strategy

* Determine site components that satisfy both design and search engine optimization goals

* Map our "click paths" that will lead to conversion

Your hotel website design and search engine optimization are the two keys to generating the kind of traffic that will keep your occupancy rates in the stratosphere!

Interactive media setting sew standards for design

Interactive advertising agencies have been sweeping design award shows. Previously a competition limited to illustration, photography and design agencies, multi-media design has matured into an art form which can stand on its own.

Dove’s “campaign for real beauty” was one of the most awarded advertising campaigns of 2007. Originally intended as a web-only interactive spot, the campaign ending up winning both a 2006 Grand EFFIE Award as well as a MAA Worldwide Globe Award. The original <a href=http://www.campaignforrealbeauty.com/>Dove campaign video) was produced in Toronto by Ogilvy and Mathers, as a strictly interactive campaign. None the less, the campaign has one traditional media accolades all over the world.

Only recently have traditional magazines begun including interactive media in their competitions. Applied Arts, a Canadian magazine dedicated to visual communications, now includes multimedia and interactive projects in its design awards. Recent winners include Toronto-based<a href=http://www.pubzone.com/newsroom/2007/4x071127x020726.cfm/>Henderson bas), TAXI, and other well known firm with strong interactive practices.

While there are many reasons as to why interactive is gaining popularity in the traditional media realm, one of the main sources of this newfound acceptance is the lines blurring between traditional and interactive design. Interactive designs have begun to evolve beyond the computer, entering the worlds of TV, radio, and print.

Increasing the difficulty of distinction, as interactive moves closer to traditional media, traditional media also moves closer to interactive. For example, in Japan many print ads contain small bar codes which can be read with cell phone cameras, which link the advertisement to online content. Similarly, it is not uncommon to hear radio or TV ads which sole purpose is to drive viewers to a web address.

As interactive continues to evolve the lines between “what is interactive” and “what is traditional” will continue to blur. Moving forward, there is one thing marketers can be sure of: interactive advertising adoption will continue grow and become an essential part of every marketing mix.

Payroll Wyoming, Unique Aspects of Wyoming Payroll Law and Practice

Wyoming has no State Income Tax.  There for there is no State Agency to oversee withholding deposits and reports.  There are no State W2's to file, no supplement wage withholding rates and no State W2's to file.

Not all states allow salary reductions made under Section 125 cafeteria plans or 401(k) to be treated in the same manner as the IRS code allows.  In Wyoming cafeteria plans are not taxable for unemployment insurance purposes.   401(k) plan deferrals are taxable unemployment purposes.

Wyoming doesn't have income tax.

The Wyoming State Unemployment Insurance Agency is:

Department of Employment

Unemployment Resources Division

P.O. Box 2760

Casper, WY 82602

(307) 235-3253

http://wydoe.state.wy.us/

The State of Wyoming taxable wage base for unemployment purposes is wages up to $15,900.00.

Wyoming has optional reporting of quarterly wages on magnetic media.

Unemployment records must be retained in Wyoming for a minimum period of four years.  This information generally includes: name; social security number; dates of hire, rehire and termination; wages by period; payroll pay periods and pay dates; date and circumstances of termination.

The Wyoming State Agency charged with enforcing the state wage and hour laws is:

Department of Employment

Labor Standards/Fair Employment Program

6101 Yellowstone Rd.

Room 259C, N. Bldg.

Cheyenne, WY 82002

(307) 777-7261

http://wydoe.state.wy.us/doe.asp?ID=246

The minimum wage in Wyoming is $5.15 per hour.

There is no general provision in Wyoming State Law covering paying overtime in a non-FLSA covered employer.

Wyoming State new hire reporting requirements are that every employer must report every new hire and rehire.  The employer must report the federally required elements of:

Employee's name

Employee's address

Employee's social security number

Employer's name

Employers address

Employer's Federal Employer Identification Number  (EIN)

This information must be reported within 20 days of the hiring or rehiring.

The information can be sent as a W4 or equivalent by mail, fax or electronically.

There is no penalty for a late report in Wyoming.

The Wyoming new hire-reporting agency can be reached at 800-970-9258 or 307-638-1675 or on the web at www.wy-newhire.com

Wyoming does not allow compulsory direct deposit.

Wyoming requires the following information on an employee's pay stub:

itemized deductions

Wyoming requires that employee be paid no less often than on regular paydays; semimonthly for railroads, mines, refineries, oil and gas production, factories, mills.

Wyoming requires that the lag time between the end of the pay period and the payment of wages earned from 1st-15th, pay by 1st of next month; from 16th-end of month, pay by 15th of next month; state employees on direct deposit-wages earned during month pay on last working day of month, for hourly and state university employees, wages earned from 16th of previous month-15th of current month pay on last working day of month; state employees not on direct deposit-paychecks mailed by last working day of month.

Wyoming payroll law requires that involuntarily terminated employees must be paid their final pay with in 5 working days; next regular payday if suspended due to labor dispute or temporarily laid off. Voluntarily terminated employees must be paid their final pay within 5 working days.

There is no provision in Wyoming law concerning paying deceased employees.

Escheat laws in Wyoming require that unclaimed wages be paid over to the state after one year.

The employer is further required in Wyoming to keep a record of the wages abandoned and turned over to the state for a period of 5 years.

Wyoming payroll law mandates no more than $3.02 may be used as a tip credit.

In the Wyoming payroll law there is no provision covering required rest or meal periods.

Wyoming statute requires that wage and hour records be kept for a period of not less than two years.  These records will normally consist of at least the information required under FLSA.

The Wyoming agency charged with enforcing Child Support Orders and laws is:

Child Support Enforcement Program

State Department of Family Services

2300 Capitol Ave.

Hathaway Bldg., 3rd Fl.

Cheyenne, WY 82002-0490

(307) 777-6948

http://dfsweb.state.wy.us/csehome/cs.htm

Wyoming has the following provisions for child support deductions:

When to start Withholding?    First pay period after service.

When to send Payment?    Within 7 days of Payday.

When to send Termination Notice?    Within 30 days of termination.

Maximum Administrative Fee?    $5 per payment.

Withholding Limits?    Federal Rules under CCPA.

Please note that this article is not updated for changes that can and will happen from time to time.

Why do HP and Lexmark compatible ink cartridges cost more than Epson and Canon?

We get asked this question a lot by customers who own an HP or Lexmark printer, especially ones who have previously owned an Epson or Canon printer. So why do the majority of HP and Lexmark compatibles ink cartridges cost more? Well, it’s basically down to the design of the ink cartridges these brands of printer use. Most HP and Lexmark printers use a cartridge where the print head (the device that puts ink the on the paper) is incorporated into the cartridge and cannot be removed. This means each time a new cartridge is installed in the printer the print head is also replaced.

Replacing the print head at each time the ink runs out has a number of advantages in terms of the quality and reliability of the print produced. The downside however, is that a print head is expensive to manufacture, it is a highly engineered electrical device which requires high levels of expertise and technically advanced machinery to produce. You will not find third party companies offering print head cartridges cheaper than the branded products, because they are unable to manufacture them at a low enough price that would draw the consumer away the branded OEM product. Another downside to having a throwaway print head of every cartridge is that its not very environmentally friendly in terms of the energy it takes to produce it. Although HP and Lexmark do recycle the materials used in their ink cartridges.

So what are compatible HP & Lexmark cartridges? Compatible HP & Lexmark cartridges are remanufactured. This means the cartridges have been recycled in an environmentally friendly way ready to be used again. So they just refill them with ink? No, remanufacturing and refilling are entirely different things. Remanufacturing is a much lengthier and thorough process; as a result it produces a much more reliable recycled ink cartridge.

The remanufacturing process consists of sourcing empty cartridges that are suitable for remanufacturing. The majority of these are bought from brokers and the cost of which varies tremendously, depending on the availability of the particular cartridge (new cartridges to the market are generally more expensive because there are less in circulation). Once the cartridges are received each one is carefully inspected for any signs of damage. Cartridges that pass visual inspection are then thoroughly cleaned using state-of-the art equipment and then electronically tested to ensure the electronic circuitry on the cartridge is functioning. The next stage of the process is refilling, this is done using premium quality ink and highly accurate manufacturing equipment. On completion of the filling process the cartridge is again inspected visually, electronically and under pressure controlled conditions to ensure the unit is suitably sealed (so that it doesn’t leak). The final stage is packaging, this involves placing the product in a uniquely designed box which is clearly labelled with all relevant product codes. The box will also contain a freepost bag to return the cartridge to the recycler when it has been used in order for it to be recycled again.

As you can see this is not a process that can be done “while you wait”. Due to the amount of time and equipment needed to recycle ink cartridges the end product can be a little bit more expensive compared to third party compatibles for Epson and Canon printers.

So why are Epson and Canon compatible cartridges cheaper? The reason for this is that the majority do not contain a print head and are therefore, simply ink tanks. These can be manufactured (in China mostly) in a very cost effective way and the end product can be retailed at a much cheaper price compared to the equivalent OEM branded product.

Bali Clothing Give You The Most Comfortable Sensation

Can you image that you can use one fabric to do many different things? This is not magic but just simply one piece of fabric call "Sarong" or pareo, sri, kanga, canga, surong, beachwrap. Throughout history, sarongs have been popularly used in many different ways in many different countries of Asia. But now, sarongs became the most famous fashion trends worldwide. You can used it as a summer sexy skirt, quick bathing cover-up, shawl or scarf in winter, wall art, beach blanket, curtain and even baby carrier. But no matter how you call them or used them, sarong is definitely a piece of clothing that you can not avoid.

Established in 1996, Apparel & Sarong www.wholesalesarong.com has set up a garment factory in Bali Indonesia.  We direct import and wholesale clothing, sarongs, skirts, minis, beach wraps, ethical art wear, Aloha shirts, Hawaiian pants, trendy designer clothing and hippy dresses, apparels, jewelry, fashion accessory from Asian countries.

Through regular buying trips to Bali, Indonesia and other Asian countries, we work closely with native artists and garment manufacturers.  By paying them a fair price for the beautifully made fashion and causal clothing, jewelry and fashion accessories, we help them to improve their quality of life.

Check out http://www.wholesalesarong.com today and make your secure order online from this largest and cheapest wholesale sarong , summer apparel and fashion jewelry, silver jewelry company.

Net Promoter Scores: 7 Fast Ways To Raise Them

Net Promoter Scores is one of the hottest business measurement tools. In fact your next promotion or bonus may be based on your Net Promoter Score – which asks customers one question – “On a scale of zero to 10, how likely is it that you would recommend us to your friends or colleagues?”

Customers who respond zero to 6 are detractors, all who respond 7 or 8 are passive, and 9 or 10 are promoters. The percentage of promoters minus that of detractors is your (http://www.customerfocusinc.com/-Net Promoter Score).

So, let’s suppose your company just implemented the Net Promoter Score. That means you, your pay, and your future promotions are tied to your ability to turn customers into promoters. At (http://www.customerfocusinc.com/-Customer Focus, Inc.) (www.customerfocusinc.com) we’re a (http://www.customerfocusinc.com/content/view/23/35/-customer service training) company who helps raise Net Promoter Scores. We’ve discovered fast ways to raise your scores.

Whether you use a (http://www.customerfocusinc.com/content/view/23/35/-professional customer service training) company or do it yourself, have your people learn and practice these seven techniques. Then observe, measure, and reward them. They may sound simple, but they work and do so quickly.

1. Welcome and thank every customer

Begin with every customer “Welcome to…” or “Thank you for calling …” And use a warm and sincere tone of voice that lets the customer feel like an invited guest. And if you recognize, say “It’s good to see (hear from) you again”. Score 2 or 3 points already.

2. Use names as often as possible

Quick quiz: What’s the most important word customers want to hear? In an increasingly impersonal world, customers thirst to hear their name. Train your people to use each customer’s name at least twice. Each time is worth a point up to three points. Then, to lock in those points, have your people state their own name twice. The first time, the customer didn’t hear it. Then after you use the customer’s name, they hear your name the second time you say it.

3. Say glad, happy, pleased, or pleasure for every request

There’s a reason at Ritz Carlton they say, “My pleasure.” Train your people to respond to every request with, “I’d be glad to take care of that,” or “I’d be happy to do that,” or even, “Sure, that’d be no problem.” Let them use their own words and let the positive feelings rub off onto your customer.. Rack up at least two points the first time you say it, and one or two more for saying it consistently.

4. Apologize whether you’re sorry or not

You work hard to build up your points with a customer, but you could lose 3 or 4 points in a blink. When customers feel wronged or upset, apologize and show empathy to keep your points.  Take responsibility and never blame anybody else. The customer will feel they can trust you to take care of them and who they recommend. Sincere apologies create promoters. A person in one of our (http://www.customerfocusinc.com/content/view/23/35/-training classes) once said, “We were told never to apologize. You never want to admit blame.”

Employees don’t have to admit blame or say, “We were wrong” to apologize. Apologize for the customer’s inconvenience, or for having made the customer upset, or for the situation. In the Net Promoter world, such words are magic.

5. Provide GEMs to meet Uniqueness Need

We start our (http://www.customerfocusinc.com/-customer service training) by saying that customers have three TRU needs: Task Need, Respect Need, and Uniqueness Need.  You create a Distractor by not meeting either of the first two needs, you create a Passive customer when you meet just the first two needs, and you create a Promoter when you meet all three.

To make a customer feel Unique do something extra that exceeds expectations. We call those extras GEMs™ for Going the Extra Mile. We provide many guidelines and examples of GEMs, but one thing is common in all GEMs – you cannot standardize them. Train your employees to think, “What else can I do for this customer” or “What more can I do?” And the greatest opportunities are with your greatest challenges. Give a great GEM and do the first four above, and you’re good for an 8 or 9.

6. Train your employees to create an “experience” for the customer.

Net Promoter is all about getting people to talk about your company in a positive way. (http://www.customerfocusinc.com/-Great experiences) generate great stories, and terrible experiences generate horror stories. What stories are your people generating? As a manager, you can encourage (http://www.customerfocusinc.com/-great customer experiences) by collecting stories of those experiences and rewarding those who create them. You can set the bar for the rest of your company by featuring and publicizing these stories, as well as receiving the high Net Promoter scores these experiences engender.

7. Create a “Cheat Sheet” for your employees to use with every customer

If employees don’t know how to turn detractors and passives into promoters, a company’s Net Promoter scores will never go up. Ongoing training and reinforcement in these skills is crucial for high net promoter scores. After training, create a “Cheat Sheet” for your employees to use with every customer. Then, either hold a team meeting or coach your people individually, or both. Do ongoing role-plays with each employee to practice these skills. Observe them in action and give them feedback, especially praise. Companies are adopting (http://www.customerfocusinc.com/-Net Promoter) because it is remarkable in its power and simplicity. By taking all these actions, you just might get to keep your job, get that bonus, and move on up.

Go to our website at www.customerfocusinc.com or call us to find out more about getting fast training to increase your Net Promoter scores.

About the Author

(http://www.customerfocusinc.com/-Customer Focus, Inc.) is an international (http://www.customerfocusinc.com/content/view/23/35/-customer service training) company that provides innovative, world-class (http://www.customerfocusinc.com/content/view/23/35/-customer service skill building) and culture-building training programs at low cost. Contact Steve Fugate: (817) 303-5256

&#169; Copyright 2007 Customer Focus Inc.

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Panama Sushi Restaurants

Introduction - Panama has some of the greatest sushi you have ever had. Since we are located between two oceans that should not come as a surprise. Well for those of you clients coming to Panama here are some of them:

* Martini Sushi Bar - This restaurant is located inside the Radisson Decapolis Hotel on Avenida Balboa next to Multi Centro Mall near Punta Patilla. Their hours are Noon to Midnight Mon.-Fri., and 1PM to 1AM Sat. and Sun. Pricey but good.

* Matsuei - This excellent restaurant is located in El Congrejo (The Crab). It is directly across street from El Granda Hotel, about 2 blocks from the Veneto Casino Hotel. The restaurant has a nice dйcor and gives you a lot of bank for your buck. They teach a how to make sushi class here which really teaches you how to make sushi and of course you get to eat what you make. Their hours are Mon. - Sat. 11:30 AM - 11:00 PM, Sun. 5:30 - 10:30 PM.

* Sake - This is the hottest trendiest sushi restaurant found inside the Torres de Americas building, one of Panama newest and most modern buildings across the street from Multiplaza Mall. They have valet parking. Make sure no private parties are in progress before coming. Their dйcor includes large plasma screen TV monitors displaying lots of fish swimming around. Either you will like this or you won't. They have a Mount Fuji desert which is a volcano looking pastry desert filled with ice cream that they light on fire with a liquor. Very nice. Their hours are: Mon. - Fri. Noon - 11:00 PM, Sat. 1PM to 11:00 PM and Sunday 1:00 PM to 3:00 PM & 6PM to 10PM.

* Sushi Itto - This one is located in the Obarrio neighborhood. It is a nice simple dйcor. Food is excellent. Their hours are: Mon. ? Thurs. Noon to 11:00 PM, Fri. and Sat. Noon - 11:3, Sun. 12:300 PM - 11:00 PM.

* Sushi Express - This is the innovative chain of sushi restaurants that delivers to your home and is conveniently located in all the mall food courts plus other locations about town. Not too bad but far from gourmet. Interesting sauces on the sushi. Nice tempura. Their hours vary but will generally be open 7 days a week.

* Benihana - Yep the Benihana folks opened up at Multi Plaza Mall. They do have a sushi bar. It was very busy. They had a lot of those grills with the chef putting on a sideshow catching eggs in their hats etc. We do need to go back and try the grill (teppanyaki), which we heard was very good. Hours will match the mall and then some so they can accommodate late diners.

* Fuji - Located in San Francisco by Via Brasil. It has a simple dйcor but the food is not so simple. Their hours are: Mon. - Sat. Noon - 2:30 PM & 6:00 PM to 11:00 PM. Sun - closed.

Suggestion - Try them all and have fun.

Laptops: in the 21st century

A laptop computer or simply a laptop is a small mobile computer that usually weighs from 8 to 16 pounds. It usually runs on a single main battery that can also be connected to an external AC/DC connector. A laptop has  small components that have been optimised for mobile use and efficient energy consumption. A laptop computer can generally perform all the tasks that a regular computer can do, but they are typically more expensive than a desktop computer.although the prices are rapidly falling among the major  production manufacturers.

Many laptops come equipped with a 9 volt battery that will keep the device running for quite some time in case of a power failure so that laptop computer users can complete there urgent tasks quickly. Laptops usually have liquid crystal displays (LCDs) and most of them use different memory modules to access their random access memory (RAM). They have a built-in keyboard and many of them come equipped with a touch-pad. A pointing stick or an external mouse can also be attached to the device. These days, manufactures have released several new models of cheap  end  laptop computer into the markets.

These cheap laptops are a big hit among the masses. Earlier, only high profile business people or executives were the only ones that could afford to buy a laptop computer. But  people of all walsk of life can now purchase these at retailers in the market these days. Thanks to the big competition in the mobile computing market, manufacturers are rolling out a updated model of a cost effective laptop computer every now and then.

Gone are the days when only high profile business people and executives could afford to buy a laptop. Now, several models of cheap laptops are available in the shops. Retailers across the UK have come up with many attractive cheap notebook deals. These deals have made it possible for students, youngsters and housewives to own a laptop computer of their own. The prices of laptops are bound to fall further in the future.

Candy Wrappers Home Business

Starting a candy wrappers business is great for someone who wants to start a low-cost home-based business venture that is fun. A candy wrappers business is also ideal for someone who has a creative side or an eye for detail. But while it helps to be artistic, you don't have to be a magnificent artist to create fantastic and professional looking candy wrappers because there are plenty of options for obtaining graphics to use in your candy wrapper creations.

Who Will Want to Buy Your Candy Wrappers?

There's a never-ending array of customers who will buy your candy wrappers! And any holiday or festivity is an appropriate occasion for offering your wrappers. Here are some examples of occasions for which you can offer your candy wrappers:

- Babies - shower invitations, adoption announcements, baptism, first communion

- Weddings - shower favors and invitations

- Holidays - Christmas, Easter, Hanukkah, Halloween, Mother's Day, Father's Day

- Parties - invitations and mementos for anniversary parties, family reunions, and birthday parties

- Corporations may also use candy wrappers for trade shows, seminars, and as gifts for customers

- Put on your thinking cap, and you'll come up with more!

Types of Candy to Wrap

Chocolate candy bars are not the only option, as you can also create personalized candy wrappers for rolls of hard candy such as Life Savers or Mentos. You may also want to consider including gourmet chocolate candy bars on your product list. But the candies that make an ideal candy wrapper canvas are:

- Cadbury

- KitKat

- Nestle's Crunch

- Hershey's chocolate bars and Hershey's chocolate miniatures

Designing Your Candy Wrappers

As mentioned previously, you don't have to be an artist to create good-looking candy wrappers. You can purchase candy wrapper graphic software online, and there are also plenty of membership sites that offer clip art for commercial use. This makes adding cute and eye-catching designs to your wrappers easy! Some places that offer candy wrapper software are candykit.com, quiglow.com, and BillyBear4Kids.com.

Starting an Online Candy Wrappers Business

The beauty of this home-based business is that you can sell your candy wrappers over the Internet. Some people may think selling over the Internet is a daunting and risky venture to pursue, but just imagine finding 50 customers online in your first week. If you can get enough Web traffic and entice customers to buy once they land on your site, your income can grow exponentially. Then as your business grows, you can hire employees or outsource tasks so that you're not doing everything by yourself. First register a domain name and hire someone to design your candy wrapper business website. You'll also want to do some research on the type of shopping cart that will best suit a candy wrappers business. You will need a shopping cart that allows customers to add text or upload pictures for inclusion in their orders. Also, before your online business can take orders, you'll need to do some research on payment processors.

Online Backup Services Providers: What Offsite Backup Vendors Must Have

If you find it a challenge to decide on an online backup services provider for your business requirements, you are not alone.  Many businesses are pretty much in the same situation with so many offsite backup vendors who offer such a service.

What I will share with you is a two-stage methodology to make things easier for you.

In Stage 1, we will be compiling a short list of services providers that can provide the minimum standard of service in the short and long term.

In Stage 2, we will assess these short-listed vendors against a final set of criteria to determine your provider of choice.

Today, we will focus on Stage 1 of this methodology.

The short list should only consist of those who can meet the minimum criteria as explained below.

1. Established

Many vendors have come and gone.  On this basis, I would recommend considering vendors with a track record of at least 5 years.  This will ensure you have an established vendor to support your business needs in the long term.

2. Large business customer base

A large customer base by itself is further proof of the provider sustaining in the long term.  Businesses by nature have more stringent requirements than say home / end users.  So, having many business customers (with testimonials) usually mean that the offsite backup vendor has consistently provided the minimum satisfactory service standard at the very least.

3. Secured Premise

While impressed with what the online backup services provider can offer, do remember to check out the service provider's premise before subscribing to their service. There should be physical security mechanism to allow only authorised people to have access to the service provider's premise.   Also, this premise should have protective measures against earthquake, fire and other natural disasters.

Established services providers often use world class data centres for their premises.

4. Scalable

As your business grows, your data storage needs will also increase.  Do consider those vendors who have data plans that can cater for your present requirements and can be expanded in future when required.

5. Affordable plans

When it comes to pricing, there are some who offer "too good to be true" free storage for life.  Well, all I can say is if it sounds too good to be true, then it probably is. And I don't think you will want to rely on one that provides poor service or one that may not be there when you desperately need to recover your business data!

It's far more important that you that you get the best service as long as the prices are affordable.  The way to go about this is to determine the backup plan that meets your present requirements and from there set a budgeted price range.

Once you have gone through the five criteria above, you will have a short list of offsite backup vendors for you to carry out Stage 2 of the methodology and determine the online backup services provider of choice.

Determining the correct size of Grease Traps

Restaurants and other food service businesses generate literally tons of cooking oil, grease and food wastes every day. If this waste is not managed properly, it can cause major environmental problems. Much of the waste is in solid form and can be safely put in packages and placed in the trash. Liquid waste containing oil and grease dumped directly into the sewer, however, can block the system and cause wastewater to flow back-up .To avoid this you have to install and properly maintain a grease trap.

Grease traps capture the oil and grease from the flow of wastewater by slowing down the flow of hot greasy water through the grease trap (actually a tank) and allowing it to cool. As it cools, the grease and oil separate out of the water and float to the top of the trap. The cooler water continues to flow down the drain pipe to the sewer while baffles prevent the accumulated grease and oil from flowing out of the grease trap. The size of the grease trap depends largely on how much waste your business produces and how often you perform trap maintenance. Grease traps may be located inside or outside of the building. Traps that are located inside the building tend to be smaller and require more frequent maintenance. Traps that are located outside the building tend to be larger and may be less disruptive to maintain. Outside grease traps will operate differently in winter versus summer and are more prone to clogging during cold weather. As a business owner/manager, you should know where the grease trap, drain lines, and clean-outs are located at your restaurant.

Proper cleaning and maintenance of the grease trap and drain line reduces the amount of solids and grease going into the public sewer system and minimizes the likelihood of back-ups or blockages. Some sanitation districts and/or municipalities require grease traps and periodic maintenance and inspections for specified businesses. This is because untrapped oil and grease in the wastewater decreases pipe capacity over time and eventually will cause the pipe to clog. Piping systems without grease traps need to be cleaned more often and some piping may have to be replaced sooner than otherwise expected. Excessive grease sent to the wastewater treatment plant can also overload their system and cause the facility to exceed its allowable discharge limits. Running extremely hot water down the drain only moves the problem down stream, and may only make it worse. Fixing a sewer line blockage can be expensive, both in terms of potentially lost customers and repair cost. If the pipe clog is within your building sewer line, you will be responsible for fixing the problem and paying all costs. If the clog is in the public sewer line, but can be traced to your restaurant, you will be liable for paying all or a portion of the repair costs. Accumulating the oil and grease close to the source in a properly maintained grease trap is the most cost-effective way.

There are several ways to maintain a grease trap and dispose of the wastes. Your decision will likely be based on cost, availability of services, and disposal/ recycling opportunities in your area. Most restaurants hire a professional pumping service to remove the waste from the grease trap and dispose of it properly. Some areas have service companies that specialize in grease trap wastes, while other areas may have pumping contractors that service grease traps, sand traps, and septic tanks. Pumping service contractors can usually be found in the yellow pages of the telephone book under the listings for “Grease Traps and Service”, “Septic Tanks”.

Panama Real Estate Purchase Process

Panama has three different categories of property transfer but we will deal with normal Titled Property. Much litigation concerns the purchase of land use rights and one needs to exercise a great degree of caution with these situations and not try to figure things out for yourself but instead use a lawyer, better yet avoid these properties all together. The third kind of property transfer is basically squatters rights and we will consider that an obscure method for the purposes of this website.

Panama Titled Property Purchase

The Panamanian Public Registry basically controls the registration of all titled real property in the Republic of Panama. One can verify clear title in the Panama Public Registry in the course of a title investigation or report. The Constitution of Panama preserves ones rights to have title property rights protected under the law of Panama. If the real estate that is registered in Panama has a valuation in excess of $30,000 it is subject to real estate taxes unless it has the exemption granted to new property for 20 years.

Below is a rough sketch of the Panama Real Estate Purchasing Process. Never try this without an attorney. A real estate broker is not a replacement for an attorney.

Promissory Purchase Agreement - Generally a 10% down payment is required with this agreement although like anything else this can be negotiated. This promissory purchase agreement or contract should be in Spanish (having an additional translation into another language as well is fine). The agreement should be entered into the public registry in Spanish thus securing the property for your purchase preventing it from being sold out from under you to another buyer. The Promissory Purchase Agreement gives you the time to conduct due diligence on the property, arrange financing or payment, set up an escrow etc.

Panama Title Search - This is to a large extent what you are used to in your home country. One wants to make sure the selling entity has clear title to the real property free of any encumbrances, liens, utility bills, taxes, and other filings that could interfere with the clear transfer of the title. One would also check the survey map (use a professional) to make sure all is in order on what is being sold physically in that the boundaries match what is on file in the registry, you don?t want to be buying something other than what the seller has the lawful right to sell.

Panama Real Estate Purchase Contract - This is the final purchase document that will be filed in the public registry. Title shifts when the seller delivers clear title and an escrow can be used so the payment and the title shift at the same time. This contract is registered at the Public Registry and the final balance is paid to the seller, or an escrow agent. If the title of the real property being transferred in vested in the name of a Panama Bearer Share Corporation (very common in Panama), there is no transfer of title name since it is the corporation that still owns the title of the real property, what is being done is a change of ownership of the shares of the corporation. Normally the new owner of the corporation would get resignation letters from the existing nominee directors and replace them. It would be normal to also replace the resident agent. Before you decide to keep or change the existing nominee directors and registered agent make sure you know what the annual fees are going to be each year for the corporation. We charge $695 a year complete with government fees, nominees, and registered agent. Some brokers will give you the corporation for free and charge you $1400 a year in annual fees which is good for them not you. One should make sure there is no past due balance on the corporation like the Tasa Unica which is $300 a year and that the nominees and resident agent are paid up current. If the Tasa Unica is in arrears you will need to bring it current to change the directors and registered agent and you may need the old registered agent to do this for you and they may charge high fees for this especially if they determine you are replacing them.

Our law firm will be happy to handle your real estate purchase from start to finish for you. Inquire.