Pac Man

https://www.bloomberg.com/news/articles/2017-01-30/japanese-arcade-pioneer-father-of-pac-man-has-died

Clearwater Beach

https://youtu.be/yxwDHdKsNW0

Tumblr

http://debbiesmallnet.tumblr.com/

Sell NOW Before Competition Hits the Market

Sell NOW Before Competition Hits the Market

In their current edition of the Home Price Expectation Survey released last week, Pulsenomics asked this question of the 100+ economists, real estate experts and investment & market strategists they surveyed:

“In your opinion, what is the primary driver of recent home value growth in the U.S.?”

Here are the top four reasons given by those surveyed:

As we have stated before, the current lack of inventory in most housing markets has caused home appreciation to increase at greater percentages than historical averages. This means that this is a great time to sell your home as supply is low and demand is high.

However, things may be about to change…

The fortuitous situation sellers see themselves in may soon change for three reasons:

1. As more homeowners realize their equity situation has dramatically improved over the last four years, they will be more likely to put their homes on the market.
2. With the residential real estate sector outperforming a sluggish economy, more home builders will be looking to add new construction inventory to a depleted supply of housing stock.
3. Many banks are just now foreclosing on loans that have been delinquent since the housing bust. These houses will also be coming to market.

According to Daren Blomquist, senior vice president of RealtyTrac, in the Q2 2016 U.S. Residential Property Vacancy and Zombie Foreclosure Report:

“Lenders have been taking advantage of the strong seller’s market to dispose of lingering foreclosure inventory.” 

Bottom Line

In most housing markets, don’t wait for this additional competition to hit the market. If you are considering selling your house, now may be the time.

Our backyard

PA or LLC ?????

A PA, or professional association, is a business entity that is limited to specific professions. In contrast, an LLC, or limited liability company, is a hybrid between a corporation and a partnership. Each state has specific regulations for each type of business entity. Understanding the difference between these two entities will help you to determine the best way to register and organize your company.

File an LLC application

Fit your business needs with the right LLC package

http://www.legalzoom.com/limited-liability-company

Professional Association

A PA is a professional entity formed for the purpose of providing a professional service. Some states limit the availability of this business entity to very specific professions, such as medical doctors, veterinarians and architects. Typically, the people who own and govern the PA must be licensed in the profession in which the business is engaged. Further, in some states, a PA will look like and be formed similar to a corporation in that it will have a board of directors, and a PA is an independent legal entity that will outlive its members.

Limited Liability Company

An LLC is a more common and flexible business entity that is not restricted to any specific profession. In an LLC, the owners are not personally liable for the debts of the business, much like a corporation. However, LLCs do not require a board of directors or shareholders. Income for an LLC "passes through" to the owners, meaning that there is no corporate tax, and the income is taxed only once. In most states, an LLC may be created and operated by one or more individuals.

Professional Limited Liability Company

Some states have no option to form a professional association. However, if you are forming a professional business, you may pursue a professional limited liability company. PLLCs are essentially the same as LLCs, but require additional documentation to verify proper licensing. Some states require licensed professionals to form PLLCs rather than LLCs. Again, you must check with your state's business division to determine if you are required or allowed to register your business as a PLLC.

Registering Your Business

For any of these business structures, you must take several steps to formally register the company. You must first select a name for the organization, and then register the company with your state's business division. LLCs and PLLCs should draft an operating agreement to determine how profits will be distributed among the members. You must obtain the proper licenses and permits to open your business. Finally, once your business is formed, you must research what state and federal taxes you are liable for.

References & Resources

• Texas Secretary of State: Certificate of Formation – Professional Association
• Nevada Legislature: Chapter 89 -- Professional Entities and Associations
• Small Business Administration: Limited Liability Company
• Small Business Administration: PLLCs

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About the Author

Elizabeth Rayne earned her J.D. from Penn State University and has been practicing law since 2009, advising clients on issues ranging from employment law to nonprofit management. For two years, she served as a contributing editor for the "Vermont Environmental Monitor."