Business Finance

Posts Tagged ‘property’

Traffic crimes are not a federal concern. As result they are treated separately by different states. The punishments may vary slightly from state to state for each offense. There are several types of traffic crimes and not all are serious. Punishment of course depends on the type of crime and the number of time the crime has been repeated by the offender.

Driving Under Influence also known as Driving While Intoxicated in some states is one of the most common traffic crimes. Reckless driving also accounts for a considerable portion of overall traffic crimes committed. There is overlap between driving under influence and reckless driving. Reckless driving has the potential to cause grievous injury to life and property. This is because the driver in such case disregards threat to life and property while driving.

There are some terms that are important to be familiar with when dealing with commercial loans. Not understanding terms like anchor, fixed costs and debt service can have you stumped.

When looking at a property that produces income one of the most important key factors you need to understand to the fullest is Net Operating Income. NOI is your bread and butter when it comes to property that puts money in your pocket.

To go about analyzing the potential income you would receive from a property there are couple of ways. Two types or rent that you collect to be aware of. The first is Contract rent which is what the current rent that’s being collected. Market rent what you would rent the space on the open market so the name implies.

People file bankruptcy for a number of reasons. Some because they lost a job or came down with an unexpected illness. Others because they have simply overextended themselves and need a fresh start. Whatever your reason, It is very important that you understand a few basic things about bankruptcy. So here we go. Here are 4 things you should know before filing bankruptcy.

You must list all of your debts – When you file bankruptcy you must list every single debt you have. It doesn’t matter if it is current or not. It must be listed. Do not intentionally leave of any creditors. It is illegal and can come back to haunt you.

You must list all properties and assets – Most of your assets are protected and cannot be seized by the court during a bankruptcy proceeding. However, if they are not listed, they cannot be protected. So make sure you list every asset and property that you own. It is illegal not to.

When a loved one passes away in Oklahoma, unfortunately it’s often not simply a case of organizing a funeral and then getting on in peace with the grieving process. There are often many complex financial issues to deal with such as inheritance tax, financial planning, probate and estate conservation. This is especially true when your loved one failed to do any financial planning. Here we’re going to look at Inheritance Tax in Oklahoma State and who you can go to, to get assistance with it.

What is Inheritance Tax?

An estate tax or death duty is a tax on the estate, or total value of the money and property of a person who has passed away. In some jurisdictions like Tulsa or Oklahoma, such taxes were previously known as inheritance taxes. The inheritance tax in the US is implemented by federal laws and collected by state revenue bodies. Unlike other states, the Oklahoma estate tax does not follow federal estate tax laws.

Have you ever thought about starting your own business? If so, you’ve likely contemplated the high costs of renting or buying a business establishment. Although it may seem impossible, there are options for you. There are many sources for a commercial mortgage, but in most cases the credit worthiness of the business principals will play a key role in obtaining financing. In most cases, loans for property for a commercial business will be to acquire new property or a new building but they can also be made as an additional commercial mortgage for business expansion and growth. If the business itself has a good credit standing, but the business owners personally have bad credit, it could impact on whether the loan is seen as favourable or not.