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    Business Incorporation Explained
    Business incorporation is a form of legal arrangement open to any business. There are advantages and disadvantages to the corporate form of business which is why you need to consult with your lawyer and accountant to determine if incorporation is the form that you require. The differences refer to liability and taxes. The profits of a corporation are taxed at the corporate profits tax rate. The part of corporate profits that the stockholder, or owner, receives is called dividends. The stockholder pays taxes on the dividends at the individual tax rate. Therefore, dividends are a part of corporate profits that are subject to double taxation. This is one of the disadvantages of the corporation.A corporation is a legal entity in its own right. It has all of the legal r
    e several more available, do some research and see which best suites your needs.

    FREE PUBLIC INFORMATION WEBSITES

    These websites have gathered tons of links to public record sites. Most of them separate the information by state. Some examples include: www.skipease.com, www.crimetime.com and www.publicrecordfinder.com.

    FILTER DATABASES

    On these websites you enter various information of the debtor, public records and other websites are searched and the results are provided in a quick easy to

    Drive to Success
    Consistent and rapid changes are impacting the economy, and the small businesses that create approximately two-thirds of the nation's new jobs. These changes are all around us and envelope all areas of business. The most obvious changes range from: telecommunications, manufacturing, distribution and natural resource management to evolving consumer needs and demands. Thus we see a tremendous growth in worldwide competition and making the road to success much more complex and difficult, especially for small businesses and entrepreneurs.In a century that moved our transportation from horse trails to interplanetary trajectories, changed our communications tools from quill pens to computers, and took our culture from bacon and beans to sushi and burritos, some people
    Would you go to a dentist if the only tools she used are a chainsaw and a stick? Would you take your car to be serviced by a mechanic whose only tools were a chocolate bar and hairspray? Would you want to your child to go to an elementary school that only taught from a set of 1964 encyclopedias?

    Do you see the connection?

    It is simple- really. Every industry has tools that can be specific to that industry. The dentist would never use a chainsaw (even though it may feel like it). They use tools that are designed and that are necessary for the successful completion of their task- to assist with proper dental hygiene. The same holds true for ever other profession and industry. At the same time, to take tools that may not be useful to an industry can slow down the process.

    So here comes the question. Why is it that those that skip trace do not utilize the tools that are available to our profession or we try to use the tools of other professions to do our job?

    What are the tools available to the skip trace industry? You’ve heard me talk about some of them. Databases, each other and our minds. But, what are some other tools available to us? Below is a list. I’m not calling it a complete list, because we think out side of the box and have incredible imaginations, so the list will never be completed. Not all of these will apply to your needs, but maybe it will spark some ideas and you can add to the list.

    CALLER ID

    Have caller ID setup on ALL incoming calls. When you ask for a debtor for their number, is it matching up with the number they are calling from? If possible, through you phone provider have a report available to you per day of all received calls (just incase you miss it and they don’t leave a message). Any numbers that you do not recognize reverse that number and see what you get.

    SUBSCRIPTION DATABASES

    Most of us already use these. They can be very useful for obtaining additional information on your debtor or those around them. Some include: www.accurint.com, www.merlin.com and www.skipsmasher.com to name a few. There are several more available, do some research and see which best suites your needs.

    FREE PUBLIC INFORMATION WEBSITES

    These websites have gathered tons of links to public record sites. Most of them separate the information by state. Some examples include: www.skipease.com, www.crimetime.com and www.publicrecordfinder.com.

    FILTER DATABASES

    On these websites you enter various information of the debtor, public records and other websites are searched and the results are provided in a quick easy to

    What's in a Face?
    I once had a colleague that would roll his eyes at almost every idea that wasn’t his own. Additional facial expressions that complemented the eye-rolling were typically easy to spot as well: puffed cheeks then a release of air, sighs, furrowed brows, and other assorted expressions that gave everyone around the distinct impression that this individual thought he was way too smart to have to sit in meetings with the rest of us. One time someone called him out on it. The most interesting part of all of this was that he really didn’t have a clue that he was an eye-roller. He truly was not aware of the expressions he was making and even more importantly how they were negatively impacting the rest of the team.I’ve found two factors that can lead to problems with facial expr
    d and that are necessary for the successful completion of their task- to assist with proper dental hygiene. The same holds true for ever other profession and industry. At the same time, to take tools that may not be useful to an industry can slow down the process.

    So here comes the question. Why is it that those that skip trace do not utilize the tools that are available to our profession or we try to use the tools of other professions to do our job?

    What are the tools available to the skip trace industry? You’ve heard me talk about some of them. Databases, each other and our minds. But, what are some other tools available to us? Below is a list. I’m not calling it a complete list, because we think out side of the box and have incredible imaginations, so the list will never be completed. Not all of these will apply to your needs, but maybe it will spark some ideas and you can add to the list.

    CALLER ID

    Have caller ID setup on ALL incoming calls. When you ask for a debtor for their number, is it matching up with the number they are calling from? If possible, through you phone provider have a report available to you per day of all received calls (just incase you miss it and they don’t leave a message). Any numbers that you do not recognize reverse that number and see what you get.

    SUBSCRIPTION DATABASES

    Most of us already use these. They can be very useful for obtaining additional information on your debtor or those around them. Some include: www.accurint.com, www.merlin.com and www.skipsmasher.com to name a few. There are several more available, do some research and see which best suites your needs.

    FREE PUBLIC INFORMATION WEBSITES

    These websites have gathered tons of links to public record sites. Most of them separate the information by state. Some examples include: www.skipease.com, www.crimetime.com and www.publicrecordfinder.com.

    FILTER DATABASES

    On these websites you enter various information of the debtor, public records and other websites are searched and the results are provided in a quick easy to

    How Do Investors Read Business Plans
    There are hundreds of thousands of business plans floating around and attempting to find a funding home. I receive hundreds of business plans annually myself, and can definitely state that 99% of these documents are laughable as presentations of an exciting investment opportunity. I am not referring to the value of the product being described, rather the presentation that purports to describe an exciting investment situation.One of the reasons that so many plans are so poorly written, and there are many, many additional reasons, is that the writers do not understand how plans are read. Investment banks, venture capital firms, family offices, angel firms, banks and blind investment pools receive a stack of plans for consideration every day. Typically a junior reader, often
    ’ve heard me talk about some of them. Databases, each other and our minds. But, what are some other tools available to us? Below is a list. I’m not calling it a complete list, because we think out side of the box and have incredible imaginations, so the list will never be completed. Not all of these will apply to your needs, but maybe it will spark some ideas and you can add to the list.

    CALLER ID

    Have caller ID setup on ALL incoming calls. When you ask for a debtor for their number, is it matching up with the number they are calling from? If possible, through you phone provider have a report available to you per day of all received calls (just incase you miss it and they don’t leave a message). Any numbers that you do not recognize reverse that number and see what you get.

    SUBSCRIPTION DATABASES

    Most of us already use these. They can be very useful for obtaining additional information on your debtor or those around them. Some include: www.accurint.com, www.merlin.com and www.skipsmasher.com to name a few. There are several more available, do some research and see which best suites your needs.

    FREE PUBLIC INFORMATION WEBSITES

    These websites have gathered tons of links to public record sites. Most of them separate the information by state. Some examples include: www.skipease.com, www.crimetime.com and www.publicrecordfinder.com.

    FILTER DATABASES

    On these websites you enter various information of the debtor, public records and other websites are searched and the results are provided in a quick easy to

    Medical Billing - Trailer Records
    If you've been following our series on medical billing and more specifically, our series on electronic billing of claims using NSF 3.01 specifications, you have no doubt noticed that there are quite a few records involved with sending a claim to a carrier, whether it be Medicare, Medicaid, or a private insurance company. Well, before we go into explicit detail on the trailer record specifications themselves, a general overview on trailer records is probably in order. Why? Well, unfortunately, even if the individual claims in a submission are clean, meaning no errors or violations, a problem with any of the trailer records can get not just one, but ALL the claims rejected.The individual records, or claims in a claims file, need to have all the individual I's dotted and T
    number they are calling from? If possible, through you phone provider have a report available to you per day of all received calls (just incase you miss it and they don’t leave a message). Any numbers that you do not recognize reverse that number and see what you get.

    SUBSCRIPTION DATABASES

    Most of us already use these. They can be very useful for obtaining additional information on your debtor or those around them. Some include: www.accurint.com, www.merlin.com and www.skipsmasher.com to name a few. There are several more available, do some research and see which best suites your needs.

    FREE PUBLIC INFORMATION WEBSITES

    These websites have gathered tons of links to public record sites. Most of them separate the information by state. Some examples include: www.skipease.com, www.crimetime.com and www.publicrecordfinder.com.

    FILTER DATABASES

    On these websites you enter various information of the debtor, public records and other websites are searched and the results are provided in a quick easy to

    Grassroots Leadership Principles – a Review of It's Your Ship
    At the age of 36, Michael Abrashoff was selected to become Commander of the USS Benfold – at the time, the most junior commanding officer in the Pacific Fleet. The immediate challenges that faced him were staggering: Exceptionally low morale with unacceptably high turnover. Few thought that this ship could improve. In many ways, the Benfold was actually an extreme example of the same problems facing many organizations today.As the new head of his own command Michael only became more resolved. “In my induction ceremony, my predecessor left to cheers. The crew was actually clapping as he and his family departed. I knew then that command and control leadership was dead.”“A lot of people do whatever it takes to secure the next promotion. All I ever wanted to do i
    e several more available, do some research and see which best suites your needs.

    FREE PUBLIC INFORMATION WEBSITES

    These websites have gathered tons of links to public record sites. Most of them separate the information by state. Some examples include: www.skipease.com, www.crimetime.com and www.publicrecordfinder.com.

    FILTER DATABASES

    On these websites you enter various information of the debtor, public records and other websites are searched and the results are provided in a quick easy to understand format. Some examples include: www.argali.com, www.pretrieve.com and www.zabasearch.com. These really speed up the investigation process.

    COMPARE DATABASES

    This is where I daydream about a database that you can enter the information for two different people at the same time. Then with the same process of the other databases information is researched on both subjects then is compared for anything that is the same and that information is returned to the user. This way you can determine if there is a spouse or roommate or significant other. The reason that I daydream is because to my knowledge no such database exist at this time. However, if it does PLEASE let me know.

    WORKSHEETS

    Whatever you call it. A worksheet, a checklist or a form. This is what the investigator uses to make sure that every stone has been turned, every nook and cranny (what’s a cranny?) has been checked for information to help locate the debtor.

    LETTERS

    This provides another option to reach out a touch the debtor. By sending a letter with PLEASE DO NOT FORWARD ADDRESS CORRECTION REQUESTED printed on the envelope is an easy way to get determine if the debtor has moved and left a forwarding address. The downside to sending a letter is the turn around time.

    INTERVIEW TECHNIQUES

    There are two different approaches direct and indirect. Direct is determining the information that you need contact the people that have that information and ask them for it. Indirect is also called pretext or social engineering. Determine what information that you need then develop a story, contact the people that have that information and present your story so that they will give you the information that you need. Sometimes pretexting is illegal; please make sure you know both the federal and your state laws that apply.

    TRAPLINES

    This is a service provide by various telephone companies. When someone calls a trap line the number is captured. It does not matter if it is non published or published you will get a report of all numbers. You can setup a standard to

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