NLIC.org

Amy Said:

Looking to get into the auto transport business, anyone familiar with this type of business please help!?

We Answered:

Prices Per mile vary on gas prices & trucking routes. There are many auto transport brokers who make a good living if they serve the customers best intentions professionally. You can find links to governemnt websies to get your broker bond which is required. Once bonded you will also need a place to get new business like haulingdepot.com or movecars.com.

Cathy Said:

How do i separate direct debits for tax purposes?

We Answered:

Tax has no real rerlationship with methods of payment. Tax is accounted for on invoices received and invoices or receipts issued . An adjustment is made on your P&L account and your balance sheet for debtors and creditors but only bad debts (with will not be paid) can be reclaimed against tax.

It doesn't matter that the current month will look bad when you are still holding money to be paid by direct debit in the future because in this case looking good or bad is about cash flow, not about tax liability.

Charlotte Said:

Business Question Involving "Direct Personal Expense"?

We Answered:

Divide 50K$ by 2.5, from what I am understanding your question to be...

If $50K is 2.5 DPE you divide...

Jessie Said:

Can Someone Show Me An Insurance Plan Business Plan?

We Answered:

Why don't you HIRE someone to write you one??

Or, go to your MARKETING REP and ask them for a sample.

No one here is going to put in 60 - 100 hours to write up a business plan for you, FOR FREE.

Francis Said:

What is the typical price range for an insurance policy fee?

We Answered:

Well, in most states, you can either take commission OR a policy fee, but not both. When I write for fee instead of commission, I get 10% across the board, or $1,000 minimum. If it's a really high maintenance client, I'll get in at 15%.

Wallace Said:

Why is it cheaper to get term life insurance as a business or through a business than as an individual?

We Answered:

The company is not getting a discount but they are dealing with products that are designed for companies to package to their employees. They may be providing a plan that is not as comprehensive as the individual plans you are looking at. Also the work site products are annually renewable and the individual plan you are looking at is probably some kind of multi year level term or whole life insurance plan which has rates locked in for a longer period of time. Your company may also be subsidizing it to some extent as a benefit to their employees.

I'm not an attorney but I don't see how making yourself an LLC would give you cheaper life insurance rates.

Ray Said:

Heard of an auto insurance company called DIRECT?

We Answered:

report them to the better business bureau , and the state attorney general .

glad to see you are taking action , instead of laying down and takin it .........

cheers !