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”.

When dealing with decisions using Cost Benefit techniques it is very important to follow the proven principles. The health of your company and your reputation depend on it. If these rules are not followed then your decisions could be flawed.

Let's start, shall we?

Question #1. Is this technique suitable for the small business owner?

Yes. The theory works equally as well for small business as it does for big business and government.

Cost Benefit Analysis is a decision-making technique that assesses the positive outcomes (benefits) as well as the negative outcomes (costs) of different decision alternatives. The trick is to make its implementation easy for the small businessperson.

Once you have basic knowledge of the theory and can enter data into a spreadsheet then the rest is not too difficult.

Question #2. Is this all I need to make better decisions?

No. Cost Benefit Analysis is a tool to assist in making better financial decisions. It is not an end in itself. However, part of the Cost Benefit process requires that you think widely on all options before making a final decision. This is often where most people fail in their decision-making attempts.

Cost Benefit Analysis is also very skilful at providing a single viability output for each competing option, making comparisons objective and easy.

Question #3. What do I include as the Costs and the Benefits?

Costs. All costs attributable to the project are to be included. Some of these are listed below:

- Asset Costs (both Capital and ongoing)

- Supply costs for purchased items

- Extra administrative effort required to manage project

- Delivery costs if to your account

- Replacement of assets in future years

- Tender preparation costs

- Any specialised tooling associated with the project

Revenue. Revenue can only be attributed to a project if it were not received were the project not to go ahead.

Asset Disposal and Residual Values. Some assets may be retired prior to the end of their useful lives or may be salvaged at the end of the project. This value is to be included in the cash flows (less the costs associated with their sale or disposal).

Cost Savings. All cost savings attributable to the project are to be included. Wage and salary cost savings must include their overheads and on-costs.

Question #4. How do I treat non-financial costs and benefits?

Since only cash transactions (both costs and benefits) are included in Cost Benefit models, non-financial costs and benefits are usually described by way of notes.

If the Benefit Cost Ratio is = to 1 or > 1 then the use of non-financial costs and benefits would not be required since the project is already VIABLE. Normally these non-financial costs and benefits would be included when comparing competing options whose Benefit Cost Ratio is close to each other.

Question #5. How can I test my assumptions?

You are best placed to make assumptions based on your own experience and judgement. However, you can use a technique to show others how robust your assumptions really are. This technique is called Sensitivity Analysis.

This technique is important to understand because you have made many assumptions in your analysis. These could have been, for instance, the level of new income generated, the savings generated or the residual value of the asset at the end of the project life. These assumptions are at the heart of your analysis and have contributed to your final Benefit Cost Ratio outcome.

Since the future cannot be accurately predicted there is a high probability that some of your assumptions may prove incorrect.

Using this technique will add conviction and weight to your proposal by showing how changes to costs and benefits affect the Benefit Cost Ratio. Do small changes move the project from VIABLE to UNVIABLE?

Question #6. How can I be sure that the project is VIABLE?

You have made your assumptions based on your project knowledge and experience. You have constructed the model that shows the project to be VIABLE. If you have followed the proven principles it should work out OK. Once the project has been authorised it is important to ensure that the assumptions are correct and in fact are deliverable.

To ensure this happens follow up on these items:

- Any labour savings must be delivered - re-assign affected resources

- Cost savings due to process changes must be acted upon swiftly

- Increased revenue from price rises must be implemented urgently

A Post Completion Review undertaken a year from the project's implementation will show you if all or some of your assumptions proved correct. It will also teach lessons on how this could done more successfully next time rather than making the same mistakes again.

Question #7. How can I implement this technique in my company?

There are a number of ways as follows:

- Use Cost Benefit Analysis yourself in a pilot project

- Convince the CEO of its benefits to the company and use that authority

- Use Cost Benefit Analysis in a specific business unit

All of these ways require a thorough understanding of the theory, the reasons for its implementation and the expected payoffs.

A training program would need to be undertaken so that all those involved understood the technique.

Question #8. Why does it have to include NPV to account for the time value of money?

Typically the life of the assets, or the decision being made, will have a financial impact over more than 1 year. This is usually 3 - 5 years (computers, software, factory machinery), 20 years for some large electrical equipment and even up to 100 years for underground pipes as used in water and sewer reticulation.

Inflation, year by year, reduces the buying power of the dollar causing us to spend more each year in dollar terms to purchase the same item. So it is with projects whose life span is more than one year.

Costs and benefits that occur in year 3 or 4 of the project would not have the same impact as if they occurred in year one.

The Benefit Cost Ratio and the final decision regarding VIABILITY could be completely wrong if NPV is not used in the model.

Question #9. Are there any limits to its applicability?

Not really, as long as you are dealing with financial costs and benefits. It has application to large and small decisions, complex and simple, long lived and short lived assets, also profit based and government and charities.

There are some general limitations:

Subjectivity - It is quite unlikely that two analysts working separately will estimate exactly the same Cost Benefit Ratio number. There are many variables that can be treated slightly differently, some of which are listed below:

- Estimation of physical and/or economic life of the asset/project

- Estimates of costs/benefits of environmental protection

- The choice of discount rates (the rates illustrated above are indicative of a range which could be applicable)

- The value of benefits can be different for different groups in society (i.e. the value of a $ to the poor section of the community is different to that of the affluent class)

Political Decision Making - The necessity of making political judgements on the viability of the project (timing of elections, regional loyalties) can sway an outcome. Also decision-makers are not consistent over space and time.

First Round Effects - We would normally only include the effects that are directly attributable to the project going ahead. We would not, for instance, include the increased community agricultural output generally due to a project going ahead. This would only be justified if the sector was originally under-employed.

Question #10. How can this technique actually help me?

There are many ways - some are listed below:

- Increases your confidence knowing you have used a proven reliable method.

- Having thought of all the options for solving the problem you can present your proposal knowing you have the answers.

- Using this technique will ensure you gain recognition and more opportunities for advancement

- Once the company sees the benefits of this technique it may wish you to be the trainer of other staff or the implementation champion - more opportunities for you.

- This technique will you save time in project assessment and ranking of competing proposals.

Warehouses today are depending more and more on using 3rd party contractors for support to utilize their warehouse operations. Many distribution centers must choose to use lumper services for on site support or use temporary agencies. There are many benefits to using 3rd parties to optimize operations. Most warehouses these days are using lumper’s service as they see the repetition of having the same employees in the workplace pays off with increased productivity and also with increased through puts.  Having 3rd party agencies or lumper services also cuts down on overtime hours for the warehouse as they can cover their regular staff when they are starting to reach overtime on the clock.

Many large fortune 500 companies are using contractors to handle all warehouse operations or portions of warehouse operations. Benefits have gotten so expensive in this volatile economy that the benefits outweigh the cons.  Also to increase productivity most of the lumper services pay by case, pallet, or load so this almost guarantees that the freight handlers will be productive.   Labor is one of the biggest costs of warehouse and distribution services expenses  and anything that can cut that down is a win-win situation for the warehouse or distribution service. As we move towards the future almost many different types of business will go performance based and by having your contractors on performance based you will surely reap the rewards.

Problems can arise with temp agencies as you have to manage their hours. Sometimes the hours can be extensive and when new temps arrived they are very non-productive. Generally you have to train them to get them up to par with you on going operations. They have to be site certified on all equipment to meet OSHA regulations. So regardless if they are certified on fork lifts and pallet jacks they have to be recertified. To ensure that you are protected in case of lawsuit always sign hold harmless agreements with all 3rd party agencies. Most of them don’t provide on staff management so be prepared to manage them. Temps in my experience have been good for simple labor but for ongoing labor utilization lumper services always provide better services.

Lumper services provide great on site management and by having the same lumpers on the dock for long term the productivity is always higher than temp agencies. The lumpers also get paid by productivity so their training cost you so much less than using a temp agency. Their management trains their employees on site for usage of equipment and large contracts generally mean that the lumper service will give you good rebates. Logistics are able to get an exact cost per case so you can keep control of your freight moving costs as the warehouse logistics department is billed by case, load, or pallet.

3rd party contractors can be a great partnership to increase productivity and lower cost in your warehouse.

It’s always the same old story, you buy a brand new PC and everything seems to be working fine. After six months you find that everything is working a bit slower - applications take a few seconds to open, some windows freeze, and more. After a couple of years it becomes simply unbearable. Have you ever wondered what is slowing your PC?

Security software, constantly growing and slowing your PC

One of the biggest contributors to the constant decrease in the PCs performance is the security software that is trying to protect it. It is widely reported that security software installed on a PC can dramatically reduce its performance. In fact, PC World has recently revealed that one of the top selling security suites “may slow your PC unacceptably”*.

* PC World UK – May 2007

How security software slows the PC?

Processing by multiple engines – security packages include multiple engines and often these engines were developed by different vendors. These different engines often employ security methods that contradict each other, resulting in conflicts and memory leaks that may even generate blue screens and system errors and may slow your PC dramatically.

Constant updates – daily security updates make security software an ever growing strain on performance. These security updates include both signatures and new code that is added to the increasingly large footprint. As time goes by, the security software consumes more and more of your PC’s CPU and memory.

The Solution – Yoggie Pico Offloads Security Tasks

Yoggie Pico offloads the security tasks from your PC, freeing your PC resources to maximize performance. Both processing and security updates reside on the Yoggie Pico itself, dramatically saving CPU and memory usage. All the security applications that you will need to completely protect your laptop work harmoniously inside Yoggie Pico. Furthermore, Yoggie Pico’s patented Multi-Layer Security Agent™ coordinates between the different security components to provide early detection of new attacks as they begin their operation.

If you've worked on the Internet for any length of time, then you probably realize how important it is for websites to offer valuable information. Many companies offer free information products to grab a targeted audience. There's no doubt that Web surfers are seeking information, and the Internet is often called "The Information Highway." So, what's the key to success for your Web business? Offering valuable information about your niche market!

Why Offering Free Information is So Important

There are several reasons why offering free information is important to your online business.

One, it gives your visitor a reason to fill out their name and email address and sign on for your mailing list. The more subscribers you gain, the more opportunity you will have to sell your products. Many consumers buy only after being contacted several times; it builds trust for your online visitors. Promise to give your new subscribers a free information product such as a free e-book download. Your profits will grow as your mailing list grows - and you'll improve cashflow for your business as well.

Two, you can increase profits by adding content within the free information product. When you compile a free e-book for your visitors, you can include anything you want in the e-book. You can offer other products that pertain to your website. Your visitors are already interested or they wouldn't be reading the e-book!

Three, you can establish a solid reputation with visitors. Offering free information products helps you build a good name on the Web. You can even allow other websites to offer your free e-book to their clients. This helps you build a name for yourself on the Web while eliminating the risk in the minds of your potential clients.

Of course, there are many other benefits such as search engine optimization, multiple streams of income, etc.

Types of E-books

E-books can be about any subject - gardening, cooking, Web design, graphic design, writing, insurance, car buying, mortgages, finance, home business, office tips, computer tips, etc. Choose a topic that you enjoy so your business won't become a dreaded task. Find a niche in that field and offer free information about that niche product or service.

How to Offer Free Information Products

There are three prominent ways to offer free information products. One, write an e-book yourself. Two, hire someone to write it for you. Three, find public domain information that you can sell for profits or offer to your visitors free.

Public domain information can be books, articles, brochures, government information, magazines, etc. that are available for anyone to use, sell, or offer for free. This means the copyright has expired or never existed. There are even public domain packages you can purchase that contain many public domain products. Anything that's "public domain" can be turned into a free e-book download for your clients. It's a business opportunity that many online business owners don't realize exists.

There are endless books that are labeled public domain. Just be sure they are actually "public domain" before using them. With this little known secret, you can turn your free information products into profits in no time.

Changing the name did not mean changing the excellent service that the customer receives from a satellite provider. Hugesnet satellite just became more improved. Customers receive high-speed broadband connections that surpass dial up and cable. More people are changing to Hugesnet satellite for their Internet and television needs for many reasons. The Internet speed is the most important reason for choosing satellite Internet. The speeds that you connect at are faster than you can find with any cable or dial up Internet service provider. The fastest speed received with Hugesnet is two Mbps, depending on the ISP provider in your area. Even the lowest speed will be faster than dial up.

With Hugesnet, you will not wait for an Internet connection, as soon as you click the icon, you will see the Internet. The download times for files, music and pictures is done faster than ever. You have no more time to do other things while waiting for downloads to be completed. High-speed broadband is available everywhere a signal can be found. Remote areas now have another option to TV and the Internet through Direct TV and Hugesnet. If you cannot receive DSL or cable in your area, chances are Direct TV will be the answer to your problem.

You will find that Hugesnet satellite has different plans, pricing and installation packages for everyone from a home user to a business office. The high-speed broadband connection is compatible with Macintosh and Windows operating systems. This means everyone can enjoy the faster speeds of the Internet. The Home package will download a four MB audio file in forty-seven seconds, while the Pro downloads the same file in thirty-two seconds. If you have the Pro Plus package, the same download will take twenty-two seconds and dial up will go over five minutes.

With Hugesnet satellite, you can run a home or business network from one single Internet connection. You may need some extra equipment depending on what you plan to do. One thing to keep in mind is that Direct TV and Hugesnet are two separate companies that have combined services to provide the consumer with television and broadband in one package. You will receive a separate bill from each one for payment. What this means is if you cancel Hugesnet, you will still have your satellite TV.

Some of the features you get with Hugesnet satellite are technical support twenty-four hours a day, up to five email accounts and two gigabytes of storage per email account. Spam and virus defense is another feature that everyone needs with an Internet connection. You will find that the other options that Hugesnet offers for a small fee are not found with cable or dial up services. You can choose advanced hosting, blogging, domain parking, static IP address and Express repair within two business days if you need any repairs, which is rare. Satellite Internet connections are faster and stable compared to other services. You just need a dish and a satellite provider such as Direct TV.

Given this backdrop of explosive growth opportunities, the challenges for VAR executives becomes managing for revenue growth and targeting the highest margin opportunities - in initial sales and throughout ongoing client relationships. Professional services automation software applications give VARs a competitive edge and make the difference between struggling to grow and harvesting profit from the abundant growth opportunities.

Advantages for VARs who use Professional Services Automation Software

1. Executive Insight

VAR businesses usually start by selling a primary set of products and services. As they become more successful, they add more products and services, ultimately bundling them up in ways clients want to buy them. Most VARs look at their business through "business practice" lenses - areas of marketing and delivery that bring together the multiple disciplines needed to constitute a client solution. Basic start-up system tools don't fit any more, VARs need professional services automation software tools that manage and report products the way clients buy them, through the lens of a practice.

#Example of how PSA Software can help improve executive insight

As an example of this, think of a network practice that combines elements of hardware (servers, routers, and hubs) with software (security messaging and e-mail), along with client education and even network monitoring and management.

A CEO view lists all the practices and ranks them by key performance indicators: revenue, growth rates, and margins. Practice managers can see how their projects are unfolding and with drill downs, identify what's working and what�s not.The important point is that with the help of PSA software, VARs can put their fingers on the pulse of the business and tell where the market is expanding or contracting.

2. Client Visibility: All clients are important, but in reality, some are more important to your bottom line than others. Once you understand a client�s lifetime value - revenue, projects, invoices, and opportunities with the help of a PSA software - you can shape your interactions with them better.

Look at yourself from your client's point of view

Clients see their relationship with the VAR as the sum total of their experiences with sales, receivables, service incidents and other interactions.

For a VAR, getting such specifics for even one client is usually a tedious one-off spreadsheet exercise. And when it's done, the rest of the organization usually doesn't share in the insights. As a result, the type of effective follow-up activities you want to have routinely - whether it's having an executive make a remedial call or initiating an incremental sales opportunity don't happen.

Professional services automation software changes all that. It gives executives the most critical elements of any client's transactions at a glance: practice revenues and margins, buying patterns, service incidents, and invoice payment. It gives insights about the client's experience with the VAR and shows the value the client brings to the VAR.

Using this knowledge can trigger a well placed call from a senior executive at the right time to reinforce your position and lead to a deeper relationship. It's the information you need to set priorities, ensuring you take care of your best clients and nurture the most promising ones.

#Keep tabs on ongoing interactions to improve revenue growth

Many executives measure the health of a client relationship by the number of interactions between the firms, recurring order patterns, and by increasing order size. The converse is an increasing number of calls to a support center about a repeating, nagging problem, or too many on-site visits that do not lead to any sales. Finding shifts in buying patterns through PSA software can act as an early warning system to help you prevent a good client from getting away and recognize where new strategies may reignite purchases.

#Making yourself visible to your clients increases trust

The ultimate deliverable is your ability to create trust and business value for your clients. Opening up to let clients see their own daily interactions with you saves your client time and money, and you too.

By using PSA software portal clients can answer their own questions like have my payments been received (and applied to the right invoices), which invoices are outstanding, which orders are still open (and is any delivery info available), how many service calls have been placed recently, and how many (which ones) are still open.

Once an order is placed you set up a project to design, install, get the system operational, and ultimately accepted. During the project your clients can use the PSA software portal to understand the status of a project, use it for internal reporting purposes, and use it as a communication platform.

Forward thinking VARs are using professional services automation software to monitor the acceptance process and even ensure that a project delivers on its business improvement or ROI projections. During this process, a savvy practice manager will be looking for sales opportunities for after market services.

3. Marketing Effectiveness: Capturing true marketing costs and performance improves your capture rates and minimizes wasteful spending.

There is an old marketing saw that says 50% of advertising dollars are wasted - we just don't know which 50%. Unfortunately, that principle is true for VAR marketing expenditures too. Through professional services automation software, you can collect true costs for all aspects of your lead generation efforts and compare them to sales achieved. It's powerful information that ensures winning propositions are used again and less than stellar efforts are jettisoned. Knowing the cost per lead and success rate of every campaign brings marketing operations closer to the company's mission of growing revenue and high margin opportunities.

#Watch pipeline activity to identify where you can stimulate growth

Pipelines are hard enough to manage, even if you aren't dealing with sandbagging or missed executions. Professional services automation software generates real-time reports for the sales executive, CFO, and CEO that detail the movement from proposal to order to shipment and acceptance. Reports that help you understand proposal conversion rates, internal execution, and how successful your employees are when visiting on site. Knowing this can help you identify good sales execution, spot remedial work for individual sales people, and decide what needs to be done to help cement a good relationship with a client.

#Use client feedback to productize opportunities

Every VAR maintains a support center for ongoing client support and project installations. Data from these interactions can be a treasure trove of new opportunities. PSA software identifies important call issues so you can examine them for add-on product and sales opportunities. Getting a lot of calls about start-up issues at the end user level? Perhaps an onsite introductory training class is needed. Do clients have insufficient skills in their IT departments? Maybe it's time to consider a managed services offering.

PSA software for VARs can provide the facts to make informed decisions about when to productize services for repeatable, high margin sales and to help you spot emerging areas clients are inquiring about.

#Accelerate upgrade opportunities through insight into your clients' installed environments

By its very nature, the technology industry is always racing towards the next breakthrough. Unfortunately, end user clients can't possibly keep up with the relentless adoption of the next big thing. In fact, they often don't maximize the use they get out of any piece of equipment and may not be aware of savings opportunities that come with some upgrades.

It's easier to sell when you know how and when the client buys. Many IT directors have a budgetary model that subscribes to the notion of being fully depreciated. Knowing when equipment depreciation occurs can trigger sales activities to harvest this built-in financial understanding. Creative sales executives will also see this as an opportunity to offer new contractual terms that extend beyond a single project or delivery. For example, they may take a deal off the street by replacing all of a company's PCs over a three-year period, as the systems become fully depreciated, and offering special payments terms to take the sting out of lump sum payments.

4. Internal Operations: Managing technology implementations means running projects on-time and on budget. Real time awareness can detect margin leakage before it becomes a problem.

#Tight control of new technology introductions can speed revenue and contain ramp-up costs

Becoming market ready for each new technology is not a small or inexpensive undertaking. PSA software with good project management functionality enables you to identify and control key ramp-up tasks such as obtaining licenses, employee training and certification, setting up development environments, arranging your product distribution network, and so on. Technology ramp up is a huge internal project that requires costly capital outlays and profitability often depends upon skillful project and budget management and preventing cost overruns. PSA software tools give you time and cost management insights to use to help guarantee a prepared staff and an on-time rollout at a cost you expected.

In our day and age we are all blessed with the technology to run a home business, and not just work from home but wherever we can get an internet connection. We can even run a business from a phone. When people want to enter into a home business they must realize that one home business out of ten will survive five years. The same statistics hold true for the next five years. All in all, ninety nine percent of businesses will fail. This statistic holds true for small, medium to large businesses as well.

So you are probably asking, “How can I win with the numbers against me”? You can be a success in the home business but you must understand the downside when you start. Knowing that there is a huge failure rate you know that you need to get a mentor to guide you while you are building a business. You know that you don’t want to listen to someone who follows strategies of lack instead of abundance. Most home businesses follow a process of duplication. They duplicate the same model that their up-line did and most all fail, therefore they are duplicating failure. Another way to explain it is running a home business from the bottom up and not the top down.

Running a home business is serious and must be treated as a major undertaking. So before you start a business get a good mentor and interview the mentor. Make sure the mentor has the ability to get you to the top and that the mentor understands the home business success curve. A good mentoring program is “Mentors on a Mission” that is marketed by systems owners of Jaguar Marketing Systems. You can get assistance at Dr. Raymond Jewell’s Jaguar Marketing System, and also get our “Partner Development Program” that tracks the home business builder’s progress every step of the way. [You can get the website address in the resources box below.] No matter what your education you should have a mentor watch over your shoulder to make sure that you are doing the right things.

When we mentor our clients we are able to teach how to achieve 10K week income and build your business from the top down. You are taught how to hire a sales manager and a sales force, on commission, to actually handle the sales part of the business. We teach you how to get proper accounting in place and get an accountant that understands how to maximize the tax code. You get on-line classroom instruction on what to do and how to do it taught by people who are actually running successful home businesses. We teach your Account Executives what to do and how to do it. You don’t get involved in fact we make sure that you run your business instead of working as an employee in your business. We teach you how to market the “Mentors on a Mission” mentoring course and believe me it will attract people like a magnet, or you can market any product through this process.

This is a great opportunity for anyone who is really serious about running a successful home business. We would be glad to give you more information just click on the sign up link below this article. If you want to call us call 1-800-727-2353 and ask for Rachel Coleman. Also visit our Article and Audio Library and read and hear more about running a home business. All links are below.

Thanks for reading.

Dr. Raymond Jewell

Offshore Legal is situated in Panama and overseas. They offer offshore bank accounts, offshore foundations, Asset protection and Offshore Corporation. You can create a Panama Bank account in 3-5 days.

The documents required for the bank account are Bank reference letter, notarized copy of passport, notarized copy of drivers license, reference letter from the accountant, business or lawyer in general.

Panama bank accounts protects its customers by strong bank secrecy, which can call a person for fines, prison and also a person can sue the bank for violations of any kind. Panama bank account can either be in Euros or US dollars. You can also get your Mastercard, Visa card or an ATM card. There is an easy option for online banking with international wire transfer sending capabilities along with statements and balance history. The minimum deposit required at the Panama bank is around 1000 US dollars. US and Canadian passport holders must have foundation or corporate bank accounts and no personal accounts. The corporate accounts can be opened by using existing corporations from some jurisdiction based corporation.

Panama offshore bank is world wide and so there are banks that operate in Panama and there are also banks that operate world wide, the bank sees to suit the preference of customers. Banks with global presence, you should know that the banking entity in Panama would be a separate banking corporation.

Offshore packages include, Panama bank account starting at 695 US dollars with online banking, ATM card, large bank with billions of dollars under management. Panama bearer Share Corporation and bank account starts at 1795 US dollars or 1495 US dollars without a bank account that includes, Resident agent and expenses, the Power of attorney, three nominee directors with, annual tax, resignation letters, register book, corporate resolution, share certificates, translation, transfer of subscription and articles of incorporation. Caution can be taken by those offering cheaper prices; they usually exclude the three nominee director or the annual tax of 300 US dollars. This can be a scam where one corporation can be sold to more than one person at once.

Panama Foundation with bank account usually is 1795 US dollars and that include secret beneficiary wishes letter, one of their attorneys, foundation protector agreement, registered agent, translation, resolution from nominee, council members to open a bank account, Power of attorney and three nominee council members.

Panama foundation owning a corporation with 2 bank accounts of around 3300 US dollars and they offer Layered banking secrecy this is a bullet proof package, it is completely anonymous.

The last is the Stock trading account which is 495 US dollars and it allows your money to grow in an offshore tax haven which is fully protected.

There are benefits offered by Panama offshore bank, right inquiries have to be made so that you are not scammed and you get the best of the bank account that you decide to have.