You’ll be much more successful if you have a thorough attack plan for your debt. Once you pay off your debt, you can put your money towards other things and find a sense of stability. Let’s get started!
Once you know how the money you have coming in compares to what you owe, you can devise a perfect plan. And if you read this list and aren’t sure, it’s always a good idea to talk to a financial adviser.
Deciding How to Incorporate Yourself and Choosing a Business Entity
For a single or spousal owner business, this is what you’ll want to do in my opinion. You will want to create an “INC” (aka corporation) with an “S Corp” designation, or “LLC” (aka Limited Liability Company) with an “S Corp” designation.