March 17th, 2008

Getting Your New Corporation Up And Running - Funding

Once you form a new business entity, you need to come up with a way to get money into it. This concept is known as capitalization or funding of the business entity.

At first glance, funding an entity seems fairly simple. Don’t the officers of the corporation simply open a bank account and deposit some money? Unfortunately, it is not that simple. The money has to come from somewhere, typically the shareholders.

Funding a new corporate entity is obviously a critical step, but how is it done. There are three primary methods, although one should check with applicable laws in your state to delineate which are available. Regardless, let’s take a closer look.

March 12th, 2008

Brits Looking To Borrow For Festive Season

Millions of Britons are set to borrow money this year - whether this be through credit and store cards or personal loans - to fund their spending in the run-up to Christmas, an industry expert has asserted.

Susan Hannums, savings manager for AWD Chase de Vere, claimed that borrowing money to finance the festive season is becoming a more popular option for consumers as many look towards using plastic cards, loans and other forms of borrowing to help them manage their spending. However, Ms Hannums suggested that consumers could well find themselves coming under further financial pressure this Christmas as mortgage costs have increased due to the impact of the five interest rate increases carried out by the Bank of England’s monetary policy committee since August last year.


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