Sunday, February 28, 2010

NM LLC documents -- Law firms vs. Canary Islands Press



Since a lawyer will charge up to $1500 to form a NM LLC (and that includes the NM resident agent's service for only one year), you might expect a document to LOOK authentic. If so, you may be disappointed!


Although both Rosie Enriquez and Michael Spaulding currently charge as little as $397 for a NM LLC, this includes three years for the services of the resident agent. Do their Articles therefore look cheap?

You decide. (The NM law firm's Articles are on a cheap sheet of white paper. Rosie's Articles (blue border) are on heavy bond stock with a lithographed design.)




Conclusion: A legal document should also look legal.

Monday, February 15, 2010

CASH: Never leave home without it!


If you’ve been following the Q&A forum on my Web site, you’ve seen the results of carrying—or not carrying carry—extra cash whenever you leave home.

The bad news is seen in post #7100: Robert, 43, from Baltimore, Maryland. Topic: Western Union Warning.


He writes: “ … a friend called and needed a small amount of cash due to an unforeseen emergency.” Unfortunately for Robert, he failed to put into practice what his mother had taught him as a youth: “Failure to plan on your part does not create an emergency on my part."

Thus, Robert responded by going to Western Union to send his friend some money. You can read what happened next in Robert’s long and detailed post.

The good news is in post #7101: Dave, 54, from Orland, Florida. Topic: Personal Identification. He writes:

“Being a passenger of friend operating an older vehicle, radiator failed and a tow was necessary. Stating my insurance coverage also could envelope assistance for a car I was traveling in, we used this service (we were about 10 miles from a shop where we could get this repair). About an hour later, my glowing favor turned to a shade of gray when the tow driver, in completing paperwork (under my LLC), needed information: my drivers license! Uh, thinking to myself, this isn't going to work. Saved myself from the noose with quick thinking because, as we know, money talks …”

In SKIP COLLEGE: Go into business for yourself, I write in detail about the advantages of always, always carrying extra cash. The information about that subject alone is worth far more than the modest $17 price of the e-book.

How much extra cash should you carry?

Take enough cash with you for whatever you think you’ll need for the day, plus three $100 bills. The three bills are only for an emergency. If used, they must be replaced with all possible speed. Men, carry the bills in your left from pocket. Ladies, pin them inside your bra.

“What if I don’t have an extra $300 to carry around?”

In SKIP COLLEGE, I recommend a minimum of $1,000, but to some, that seems overwhelming, so I’ve temporarily lowered the bar just to get you started. As for putting aside $300, I quote from SKIP COLLGE:

“Before the sun rises tomorrow morning, make a vow not to spend anything for nonessentials until you get that backup money put together. No eating out, no buying sodas or beer, no movies, no cable TV, no unnecessary trips around town, no newspapers or magazines, no lattes, no presents for anyone no matter what the occasion, no tithing, no nothing—nada en absoluto. Do not tell me it cannot be done, especially if you are living with one or both parents or can go back to doing so. I know Mexicans working two or three jobs at minimum wage who send $200 or more to their wives or parents back in Mexico every month."

A firm prediction for the future:

If you do as I say, there will come a time when you’ll look back at this advice and be grateful that you followed it, because when an emergency occurred, you had the cash to solve the problem.

Monday, February 8, 2010

Prepare your “safe house” before you need it!


The first known safe house in history was one used by two Israelite spies. They hid themselves in the house of Rahab, a prostitute in Jericho. (Joshua 1:21 – 2:24)

The term “safe house” is often seen in spy novels and in movies such as “Mission Impossible.” However, a safe house can be used by anyone, including you and me. If you have any money to invest, now is a great time to buy a vacation-type property that can serve not only as a weekend retreat but as a safe house for unexpected dangers in the future. (I currently own more such safe houses than I need. If any of you readers might be interested, I have one available which includes 1000 feet of river frontage and a private island in Washington’s Skagit River.)

The ideal safe house will be owned by a New Mexico LLC with a PO Box address in a faraway state. Nothing, nothing should connect you to this property. Even if you never need it yourself, perhaps a brother, sister, son or daughter may someday be able to use it as a refuge while they sort out a temporary emergency.

Ten years from now, who knows what prices vacation properties may bring? Especially if your safe house is on an island or on the bank of a scenic river.

However, if you prefer not to purchase property at the present time, low-cost alternatives are available. These are dealt with in my e-book OFF THE GRID: Living or traveling in a van, truck, or converted cargo trailer.


Monday, February 1, 2010

How to create an invisible owner for your new business

The “owner” will be invisible because he or she does not exist.

Unless fraud is involved, I believe this practice to be entirely legal. Let’s suppose your name is Anita B. Chavez, Golda A.Goldstein, or Bashiyra Binte Nur Um Lifti. You resolve to start a business via the Internet, and you
decide that, in the particular fi eld you have chosen, a generic-type man’s name would look better.

First, choose a three-word business name with the same initials as yours. Then invent a man’s name with the same initials. For example:

. . . . . Your actual name: Anita B. Chavez
. . . . . Bank account name: A. B. Chavez
. . . . . Business name: Awesome Birthday Cards
. . . . . “Owner” name: Albert B. Caldwell
. . . . . Checks made out to: A.B.C.

The opposite is true, of course, if you are a man who wishes to sell merchandise that will appeal to women. Choose a woman’s name that will seem best to go with the product.

The above information is taken verbatim from SKIP COLLEGE: Go into business for yourself. This e-book has many more tips and tricks for those are--or hope to be--self-employed.