Novell filed an antitrust lawsuit last week against Microsoft over alleged misdeeds that happened over 10 years ago.
Should You Invest In Savings Or Payoff Your Debts?
I have faced this financial question 8 years ago and recently I have friends asked me this same question. I think I should write it up so that it may help some of you that having the same situation.
Turning Personal Loans Into Business Payoff
Hi. My husband and I started a business and incorporated it Jan 24, 2001. We are a custom software development company. When we began, we used our own money to buy computers and other office needs, then, when we moved into a commercial office space in October of 2002, we took out loans in our own (personal) names using our own credit to fund the business moving into an office space and all the expenditures associated with this move (like office furniture, etc.). The reason we took out personal loans (and used personal credit cards) was that the business had no credit itself and we were really sure that neither a bank loan nor a credit card in the business’ name would be possible at that stage. Is there any way we can deal with the company paying off these debts? And how can we deal with this odd situation to minimize both business taxes and our personal taxes? And how can we re-seal the corporate veil, so to speak?