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	<title>Comments on: Things to Consider When Selling Your Business</title>
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		<title>By: Matt W</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1717</link>
		<dc:creator>Matt W</dc:creator>
		<pubDate>Sat, 26 Dec 2009 01:09:55 +0000</pubDate>
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		<description>I don&#039;t think so..it would likely be a supply much like office supplies would be.</description>
		<content:encoded><![CDATA[<p>I don&#039;t think so..it would likely be a supply much like office supplies would be.</p>
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		<title>By: Taity</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1716</link>
		<dc:creator>Taity</dc:creator>
		<pubDate>Sat, 26 Dec 2009 00:34:08 +0000</pubDate>
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		<description>I am a licensed real estate agent, specializing in commercial real estate.  Here are my recommendations:

1:  Clean up your credit. Prospective landlords and wholesalers alike will want to run a copy of your credit report.  Try to pay off high balance debts on your credit cards, and close unnecessary store accounts.  Your security deposit for your lease space will be based on your credit report.  Most landlords will require first month&#039;s prepaid rent, and two months of rent as security deposit.  Be prepared.

2:  File a corporation and get a sales tax ID.  You may want to consider having whomever has the best credit to be named &quot;president&quot; on the corporation, as your corporation name will be signing a lease for retail space and the president will be signing the lease.  Additionally, having your corporation name and a sales tax ID established prior to speaking with prospective landlords and wholesalers shows that you are serious and ready to move forward.

3:  Determine your square footage requirements.  A typical retail store will fit comfortably into 900-1,200 square feet of space.  This will give you plenty of room to display equipment on the wall space, and have racks for clothing.  If you have larger equipment displays, consider going up to 1,400 square feet.  Remember, the higher the square footage, the more money in rent.

4:  A typical shopping center lease will be comprised of two components:  Base Rent and CAM.  CAM stands for Common Area Maintenance, and includes the property&#039;s taxes, insurance, and maintenance fees that are prorated and passed down to the tenants of the shopping center.  A lease that includes base rent and CAM is called a NNN (Triple Net) lease.  A lease that is only comprised of a flat fee per month is called a gross lease.  Always be sure to ask what type of lease you will be entering into before negotiations get serious.

5:  Before you sign anything, always ask for a Letter of Intent.  A Letter of Intent, or LOI, will detail the basic terms of your lease, from rent schedule to security deposit.  This document will allow you to negotiate on your base rent numbers, as well as free rent.

6:  Don&#039;t be afraid to ask questions or consult an attorney prior to signing a lease.  A few little sentences in a huge lease can make your tenancy a living hell.  It pays to consult a qualified attorney, or trusted commercial real estate agent.

In terms of setting up an online front, I use Web My Style at www.avehost.com.  They offer all kinds of packages for a first time e-commerce business.  They are very friendly, and will give you a good deal on securing a domain name and setting up shop.

Hope everything works out for you!  E-mail me if you have real estate questions.</description>
		<content:encoded><![CDATA[<p>I am a licensed real estate agent, specializing in commercial real estate.  Here are my recommendations:</p>
<p>1:  Clean up your credit. Prospective landlords and wholesalers alike will want to run a copy of your credit report.  Try to pay off high balance debts on your credit cards, and close unnecessary store accounts.  Your security deposit for your lease space will be based on your credit report.  Most landlords will require first month&#039;s prepaid rent, and two months of rent as security deposit.  Be prepared.</p>
<p>2:  File a corporation and get a sales tax ID.  You may want to consider having whomever has the best credit to be named &quot;president&quot; on the corporation, as your corporation name will be signing a lease for retail space and the president will be signing the lease.  Additionally, having your corporation name and a sales tax ID established prior to speaking with prospective landlords and wholesalers shows that you are serious and ready to move forward.</p>
<p>3:  Determine your square footage requirements.  A typical retail store will fit comfortably into 900-1,200 square feet of space.  This will give you plenty of room to display equipment on the wall space, and have racks for clothing.  If you have larger equipment displays, consider going up to 1,400 square feet.  Remember, the higher the square footage, the more money in rent.</p>
<p>4:  A typical shopping center lease will be comprised of two components:  Base Rent and CAM.  CAM stands for Common Area Maintenance, and includes the property&#039;s taxes, insurance, and maintenance fees that are prorated and passed down to the tenants of the shopping center.  A lease that includes base rent and CAM is called a NNN (Triple Net) lease.  A lease that is only comprised of a flat fee per month is called a gross lease.  Always be sure to ask what type of lease you will be entering into before negotiations get serious.</p>
<p>5:  Before you sign anything, always ask for a Letter of Intent.  A Letter of Intent, or LOI, will detail the basic terms of your lease, from rent schedule to security deposit.  This document will allow you to negotiate on your base rent numbers, as well as free rent.</p>
<p>6:  Don&#039;t be afraid to ask questions or consult an attorney prior to signing a lease.  A few little sentences in a huge lease can make your tenancy a living hell.  It pays to consult a qualified attorney, or trusted commercial real estate agent.</p>
<p>In terms of setting up an online front, I use Web My Style at <a href="http://www.avehost.com" >http://www.avehost.com</a>.  They offer all kinds of packages for a first time e-commerce business.  They are very friendly, and will give you a good deal on securing a domain name and setting up shop.</p>
<p>Hope everything works out for you!  E-mail me if you have real estate questions.</p>
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		<title>By: princess_jean1</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1714</link>
		<dc:creator>princess_jean1</dc:creator>
		<pubDate>Fri, 25 Dec 2009 10:00:16 +0000</pubDate>
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		<description>Compared to the other costs of running a successful business, registering a domain and paying a webhost should be the least of your worries. 

You should probably hook up with ebay. Go ask them what to do.</description>
		<content:encoded><![CDATA[<p>Compared to the other costs of running a successful business, registering a domain and paying a webhost should be the least of your worries. </p>
<p>You should probably hook up with ebay. Go ask them what to do.</p>
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		<title>By: larrythelamb</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1720</link>
		<dc:creator>larrythelamb</dc:creator>
		<pubDate>Thu, 24 Dec 2009 10:46:03 +0000</pubDate>
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		<description>Firstly, you&#039;ll need to work out your captial requirement. It should be able to cover your rental, salaries, and other fixed overheads like utilities, telephone, etc for at lease six months to 12 months.
Secondly, you may also need to check with the relavant goverment agencies on licensing requirements. 
Finally, you will need all your friends&#039; and relatives&#039; support to introduce bussiness to you.
Well, that&#039;s my 2 cent&#039;s worth. Hope it helps.</description>
		<content:encoded><![CDATA[<p>Firstly, you&#039;ll need to work out your captial requirement. It should be able to cover your rental, salaries, and other fixed overheads like utilities, telephone, etc for at lease six months to 12 months.<br />
Secondly, you may also need to check with the relavant goverment agencies on licensing requirements.<br />
Finally, you will need all your friends&#039; and relatives&#039; support to introduce bussiness to you.<br />
Well, that&#039;s my 2 cent&#039;s worth. Hope it helps.</p>
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	<item>
		<title>By: all-knowing &#34;1&#34;</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1718</link>
		<dc:creator>all-knowing &#34;1&#34;</dc:creator>
		<pubDate>Thu, 24 Dec 2009 07:23:54 +0000</pubDate>
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		<description></description>
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		<title>By: Rick</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1719</link>
		<dc:creator>Rick</dc:creator>
		<pubDate>Wed, 23 Dec 2009 23:26:48 +0000</pubDate>
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		<description>Yes , there are estate sales all year, they are interesting to go to . I go to many estate sales and have bought great items for E-bay. I also like storage unit auctions.</description>
		<content:encoded><![CDATA[<p>Yes , there are estate sales all year, they are interesting to go to . I go to many estate sales and have bought great items for E-bay. I also like storage unit auctions.</p>
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	<item>
		<title>By: Night</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1715</link>
		<dc:creator>Night</dc:creator>
		<pubDate>Tue, 22 Dec 2009 21:22:28 +0000</pubDate>
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		<description>business</description>
		<content:encoded><![CDATA[<p>business</p>
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		<title>By: sukrab</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1713</link>
		<dc:creator>sukrab</dc:creator>
		<pubDate>Tue, 22 Dec 2009 16:17:10 +0000</pubDate>
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		<description></description>
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		<title>By: yummy_cheese</title>
		<link>http://www.truthtopowermedia.com/things-to-consider-when-selling-your-business/comment-page-1/#comment-1712</link>
		<dc:creator>yummy_cheese</dc:creator>
		<pubDate>Tue, 22 Dec 2009 15:41:04 +0000</pubDate>
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		<description>well if you only sell a little its like a garage sale, but if you sell a lot it is like a business  to the irs, and you are supposed to pay taxes on income from there, and charge sales tax to anyone in your state and report it and all,  but then can you deduct tape,boxes gas and a car and computer for the business too, just wondering, good luck</description>
		<content:encoded><![CDATA[<p>well if you only sell a little its like a garage sale, but if you sell a lot it is like a business  to the irs, and you are supposed to pay taxes on income from there, and charge sales tax to anyone in your state and report it and all,  but then can you deduct tape,boxes gas and a car and computer for the business too, just wondering, good luck</p>
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