The Best Portfolio Of Overseas Property You Will Find

Choose Brooksfeller International Property and you have the peace of mind of an established overseas real estate agent helping you find your new home in more than ten countries, including: Barbados, Cape Verde, Dominican Republic, and St Vincent.

They are committed to customer care and client satisfaction always aiming to ensure you have a relaxed and enjoyable experience from purchase onwards, including support from our comprehensive after sales team.

Most important of all, they can offer you the best portfolio of overseas property you will find. Beautiful new and resale homes in a stunning range of locations around the world. Villas, penthouses, townhouses, apartments, terraced houses, traditional dwellings and plots, for your holiday home, retirement or purely for investment.

Barbados

The Merricks development is perfect for any investors looking for blue-chip property offering very good yields and considerable capital gains. Also, in addition, you will have the chance to holiday on one of the most beautiful and desirable islands of the world.

1. Guaranteed 10% rental return for two years

2. 100% funding is available for this exclusive development

3. 2 year 10% rental guarantee

4. Followed by 5 year 50% room rate share on pooled hotel income, resort only

To learn more about Brooksfeller’s developments in Barbados www.barbados-real-estate.co.uk

Cape Verde

With stunning views, crystal clear waters, breathtaking tropical landscape and velvety, white sandy beaches it is not hard to see why Cape Verde has just come 2nd in the top 20 locations in the world, judged on its beauty and exclusivity. We at Brooksfeller International have a wide range of property throughout the islands, and here is just a small selection of the property available.

1. The Cape Verde Islands are very attractive for holiday makers, property investors and businesses alike, here a just some of the reasons why.

2. Excellent rental income – the perfect all year climate with virtually no rainfall will allow for year long holiday rentals.

3. Fiscal Incentives – Exemption from corporate and complementary taxes on profits for 10 years, starting from the date operation begins, afterwards the maximum tax rate imposed will be 15%; Tax holiday on dividends and profits paid to shareholders for 10 years from the date operation begins; Life exemption from indirect taxes.

4. Europe’s closest tropical islands – known as Europe’s Caribbean

5. Excellent property prices – Cape Verde beach apartments from €40,000.

6. Over 50% increase in property value over the next 24 months expected.

7. Exchange rate value of local currency is fixed to the Euro.

8. Tourist development – The government has earmarked 4 islands for tourist development – Sal, Boa Vista, Santiago and Maio, and major developments such as the new Vila Verde, Sambala Village, Djedsal Moradias and Santiago Golf Resort are all proving extremely popular with British property investors.

To learn more about Brooksfeller’s developments in Cape Verde www.property-cape-verde.co.uk [http://www.property-cape-verde.co.uk]

Dominican Republic

Situated between the North Atlantic Ocean and the Caribbean Sea, the Dominican Republic borders east Haiti and occupies the eastern two-thirds of the island Hispaniola. Santo Domingo is its capital and contains many colonial buildings (it is the new world’s oldest capital) which have been carefully restored to their former beauty, to retain their charm. Many intriguing structures have survived for over 500 years from the 16th century and the Spanish architecture that resided there.

Huge reform processes have taken place in the Dominican Republic in recent times and is currently undergoing large government investment in infrastructure which has created a fantastic climate for investment. Tourist numbers have risen greatly in recent times and to such an extent that the country is now one of the major tourist attractions in the Caribbean; so great in fact that it actually accounts for over 1 billion US $ in its annual earnings.

1. Guaranteed 10% rental return for two years

2. 100% funding is available for this exclusive development

3. 2 year 10% rental guarantee

4. Followed by 5 year 50% room rate share on pooled hotel income, resort only

To learn more about Brooksfeller’s developments in the Dominican Republic www.dominican-republic-real-estate.co.uk [http://www.dominican-republic-real-estate.co.uk]

St Vincent

The Caribbean Island of St Vincent is stunningly beautiful with most of the island remaining untouched through tourism. This magnificent island is off the beaten track and is the perfect place to relax and enjoy the benefits of living in a Caribbean paradise. It is also an incredible investment opportunity with great short-term returns guaranteed and incredible long-term returns predicted.

1. Guaranteed 10% rental return for two years

2. 100% funding is available for this exclusive development

3. 2 year 10% rental guarantee

4. Followed by 5 year 50% room rate share on pooled hotel income, resort only

5. Construction in progress, project Due to complete in 2008

6. Capital growth of 30% per annum is predicted for the next four years

To learn more about Brooksfeller’s developments in the St Vincent www.st-vincent-real-estate.co.uk [http://www.dominican-republic-real-estate.co.uk]

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Should I Establish An S-Corporation For My Business?

The sub-chapter S corporation was originally created in 1958 to provide the benefits of operating a business inside a corporation, with the liability protection of a corporation but it has many similarities to a partnership.

If a business is incorporated, the corporation will pay the taxes as a C corporation unless you elect to be taxed as an S corporation. The owners of the corporation must file an S corporation election on form 2553. It may be filed anytime during the year prior to election as an S corporation or up to the 15th day of the third month after the beginning of the year. In community property states the spouse of the shareholder must also sign. Basically, this is consent by the owners to have the profits flow through to them as individuals and not be taxed at the corporate level.

Normally S-Corporations must operate on a calendar year.

There are some limitations on who can be an owner of an S-corporation. A C corporation cannot be a shareholder, nor can a nonresident alien. The S-corporation must have 100 or fewer shareholders. There can be only one class of stock. Shareholder debt convertible into stock can be a trap and invalidate the S-election. If one shareholder sells so much as one share of stock to an ineligible shareholder it will terminate the election and the S-Corporation is not allowed to reelect for five years.

The income or losses, of the corporation are taxed to the owners, in the same percentage as they own stock in the corporation. If they own 20% of the business they are taxed on 20% of the profits, 100% ownership taxes 100% of the profits. This is reported on schedule E of their personal income tax return, form 1040.

It should be noted that an owner is not allowed to take a loss from a corporation if that loss exceeds his basis in the S-corporation. Basis is the amount the shareholder has invested in the company, including both stock and loans. It is a very important point to remember that a bank loan to an S corporation even though guaranteed by the owner does not create basis. Should the S corporation have a loss exceeding the investment by the owner, it would not be deductible by the shareholder even if covered by the bank loan the shareholder has guaranteed.

The corporation is required to pay out reasonable salaries. Much litigation has taken place on what is a reasonable salary. Wages and salaries of owners are subject to payroll taxes. Profits beyond salary can be paid out as dividends. There is a tax advantage to this. Dividends are not subject to self-employment tax. This can be a huge savings over a sole proprietor.

The IRS position on dividends seems to hold that profit in an S-Corporation needs to be generated by something other than the efforts of the owner in order for dividends to be paid and not be subject to employment tax. Realtors are a case in point. If all their income is generated by their own efforts, there is little rationale, according to the IRS, for paying out profits as dividends.

There is a fringe benefit problem with an S-Corporation. If getting health insurance and certain other fringe benefits are an issue to the owners, they should be wary of an S-corporation. Health benefits are passed through to an owner as though he received the income and paid for them himself. He is allowed to deduct them on schedule A of his personal return, but oftentimes with income limitations on personal medical deductions that does him little good.

S-elections of existing C Corporation can have tricky tax consequences. That is beyond the scope of this article. Look carefully before you leap.

Liquidation of an S-corporation is less difficult than a C corporation. The basis of the stock is usually roughly equal to the basis inside the corporation, so there is usually no gain on liquidation.

As with all corporations it is wise upon forming a corporation to file articles of incorporation and create bylaws with corporate minutes. Jump through all the legal hoops. A federal corporate identification number is required for payroll, depending on the state, a state number for payroll and corporation tax or sales tax will normally be necessary. Attorneys currently often favor forming an LLC and then filing an S-election. This will work. Some attorneys feel there is a slight advantage in doing so.

There is no magic, if you incorporate your business. Generally with very few exceptions, you are not able to deduct any expenses, which you could not deduct as a sole proprietor, partnership or other form of business organization. The standard for allowing a deduction is that it must be an ordinary and necessary business expense.

One final piece of business advice. The lawyers are quick to make the argument for incorporation as a protection of personal assets from business liability. Each case must be examined separately, because circumstances vary. However more than 30 years of business experience have convinced me the best protection is to carry adequate insurance coverage.

S-Corporations are complicated. The above gives the general rules, but the tax law, and life are riddled with exceptions. Setting up an S-Corporation is not a do it yourself project.

Lessons In Business – Know Your Product – Don’t Get Scammed

If you’re new to selling and marketing, this will be very important to you. If you’re a seasoned veteran its always good to take a step back and cover the basics from time to time.

Do your homework!

A lot of people get involved in network marketing because they believe the outrageous promises of wealth. There are a lot of devious and unscrupulous people hiding behind their computer screens just waiting for an inexperienced, naive person to take the get-rich-quick bait.

I’ll admit it. I’ve been suckered into paying money for useless information and promises of vast amounts of money. I fell for it. If you’ve done it too, its ok. We all make mistakes.

Remember: If it sounds too good to be true, it is.

If you’re going to advertise a product or a service make sure its legitimate. Contact the company that you’re going to be working with. Email them, or phone them up. Ask them about their payment plans, ask them how long it takes to get paid, ask them how long they’ve been trading online, ask about their products. If you don’t get the response you were expecting, assume they’re not serious about their business. I usually give companies 48 hours to respond to an email.

You need to make sure that the product your selling offers real value to your customers. Great products don’t need to be dressed up. If its a great product it will sell.

Once you’ve chosen a company to work with, the real work begins. You need to understand your business inside and out.

Customers will want to know why your product is better than the competition. You need to know how it works, and what the increased value is to your customers. If you feel secure and happy about the company and the product, you’ll be able to explain this to them. Imagine yourself as a customer, what would you ask before you’re happy to hand over your hard earned money? If you can answer their questions with confidence, they’ll trust you. More confidence means more sales.

If you want to recruit other people to your business opportunity you need to think of them as being customers. Affiliate marketing only works if affiliates are as happy as potential customers. Learn the payment scheme inside out. Be ready to answer questions about payment, the product and the growth of the business.

If you’re new to the business, keep notes, and don’t be afraid to refer to them. Its important that you can answer questions. Starting out in business is a learning curve. At times it will be difficult, but you’ll learn from your mistakes. Don’t give up just because you’ve had a bad day.