Make Money At Home! Money Making Internet Business Opportunities Online

Partners In Success Ezine - Issue 62
Wednesday, June 7, 2006

IN THIS ISSUE:

1.) Quote of the Week

2.) From the Editor

3.) Top Sponsor Ad

4.) Success Tip of the Week - Common File Types/Extensions

5.) Charles & Susan Recommend - Niche Product Package NEW &
    HOT! w/Master Resell Rights

6.) Feature Article - Sole Proprietor Or Partnership? The
    Pros And Cons Of Each

7.) Bonus Goodies - 75 Brandible Articles

8.) Power Word of the Week

9.) Tell A Friend

10.)Advertiser's Corner

11.)Advertising Rates


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1.)  Quote of the Week

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"If I were asked to give what I consider the single most
useful bit of advice for all humanity, it would be this:

Expect trouble as an inevitable part of life, and when it
comes, hold your head high. Look it squarely in the eye,
and say, 'I will be bigger than you. You cannot defeat
me.'"

                - Ann Landers


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2.)  From the Editor

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Hi!

Greetings & Welcome to all of our new Subscribers! We hope
you are doing well and enjoying this Spring (soon to be
summer). Life is great here in Sunny South Carolina despite
having survived a sinus infection, the flu and a root canal
within the last two weeks!

We've got a jam packed issue for you today. For those of
you who have your own ho*me business (full or part time),
you'll find today's article especially helpful. There is
a great "bonus goodie" today as well.  We hope you enjoy
this issue of The PIS Ezine!

Until next time, may your business continue to grow and
prosper...

Partners in Success,
Charles & Susan Truett, Editors

P.S. There is NEW content at the Partners in Success
Website. Visit Today! http://tinyurl.com/bykh2


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3.)  Top Sponsor Ad

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Masters Program" workshop can teach you how. It's
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Here>>  http://EF146A.MastersPrg.com


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4.)  Success Tip of the Week

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Common File Types/Extensions

There are lots of file extensions. Here's a table for you
that includes a few common file types you may encounter
during your web travels.

Common file types

txt = Text File, such as Notepad produces

doc = Document File, for exampe, MS Word

gif = Graphics Interchange Format (graphics)

jpg = Joint Photographic Experts Group (graphics)

htm = Hypertext Markup (special coded text files)

html = Hypertext Markup Language (ditto)

zip = Compressed file requiring special software to
decompress the file

tar = Same as zip. Just another compression style

pdf = Portable Document File (universal text file)

wav = Sound files

bmp = Bitmap files (graphics)


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5.)  Charles & Susan Recommend

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Niche Product Package NEW & HOT!
with Master Resell Rights!

If you are serious about earning your own income online,
this "Products Master Resell Rights" Package is a MUST!

Unlike other "Resell Rights" products you can get
everywhere on the Net, this is a set of 30 products comes
with Master Resell Rights and is NOT your usual set of junk
products.

Regular Price: $29.95
Special Price for Ezine Subscribers: $14.95

Go Here to Grab your Discount:

http://www.partnersinsuccess.net/niche-resell-package/


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6.)  Feature Article      

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Sole Proprietor Or Partnership? The Pros And Cons Of Each

By Jeff Casmer

When getting your new business started, one of the most
important decisions will be the choice of a legal structure
that best suits your needs and the needs of your particular
business.

In today's article we will explain what a sole
proprietorship means and how it may best suit your business
structure, as well as finding out if a partnership may be
right for you.

Sole Proprietorship: A sole proprietorship is owned and
operated by one person. This is the simplest and least
expensive business structure to form. Many start-up
companies choose this form until it becomes practical to
enter into a partnership or to incorporate. One of the
advantages of the sole proprietorship is the ease of
formation. There are fewer legal restrictions and it is the
least expensive to form.

The costs vary according to the city in which the business
is formed, but usually include a license fee and may
include a business tax. As the sole owner, all profits go
to you, as do the losses! You will be taxed as an
individual. Your business profit and loss is recorded on
Federal Tax Form 1040, Schedule C, and the bottom line
amount is transferred to your personal tax form. You will
also file Schedule SE, which is your contribution to Social
Security. The control and decision making are vested in you
as the owner.

One of the major disadvantages of the sole proprietorship
is unlimited personal liability. You will be responsible
for the full amount of business debt, which may exceed your
investment. This liability may extend to personal assets
such as home and vehicles. Since financing comes from the
proprietor and loans are based on the financial strength of
the individual, obtaining long-term business financing may
be difficult.

The future of the company is dependent upon the owner's
capabilities in terms of knowledge, drive and financial
potential, which may limit growth potential. As the only
person responsible for the business, the sole proprietor
assumes heavy responsibility.

Partnership: A partnership is a legal business relationship
in which two or more people agree to share ownership and
management of a business. Often partners are chosen who
possess skills or expertise that are complementary. Sharing
ownership of a business may be a way of raising additional
capital. Care should be taken when choosing a partner: you
will be bound by each other's decisions. Choose carefully
based on compatibility of work styles, business practices,
character, financial situations, skills and expertise.

The advantages of a partnership include the ease of
formation, the sharing of responsibility and the increased
growth potential. By sharing in the profits, the partners
are motivated to succeed. This form allows for the
distribution of the work load and allows for a sharing of
ideas, skills and responsibilities. A partnership makes it
possible to obtain more capital and to tap into more
skills, giving the business increased potential.

One of the disadvantages of a partnership is the unlimited
personal liability as partners personally are responsible
for business debt. While the opportunity for getting
long-term financing is greater in a partnership, it is
still dependent upon review of the individual partners'
assets.

Do not underestimate the need for a partnership agreement.
Many friendships and good working relationships have ended
over business disputes. Like a sole proprietorship, a
partnership terminates as a legal entity upon the death or
withdrawal of a general partner unless the partnership
agreement provides otherwise.

The buying out of a partnership or sale to another party
must be spelled out in the agreement. This is also where
the terms of profit distribution are stated. Take time and
carefully prepare a partnership agreement and have it
notarized. It will serve as a guideline for your working
relationship with your partners. It will outline the
financial, managerial and material contributions by the
partners in the business and delineate the roles of the
partners in the business relationship.

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About the Author: Jeff Casmer is an internet marketing
consultant with career sales over $25,000,000. His "Top
Ranked" Earn Mo*ney at Ho*me Directory gives you all the
information you need to start and prosper with your own
Internet Ho*me Ba*sed Business.

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7.)  Bonus Goodies

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Today's Bonus Goodie: 75 Brandible Articles

75 Brandible Articles - Use them in your Ezine, Newsletter
or for Content on your Website. Brand them with your own
name and signature!

To Download 75 Articles, visit:

http://www.partnersinsuccess.net/freebies/75-articles.html


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8.)  Power Word of the Week

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This Week's Power Word:

Banal (buh NAL) - unoriginal; ordinary


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9.)  Tell A Friend

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Tell A Friend about this Ezine! If you have a friend or
contact that you think would enjoy this Ezine, please visit
our Tell A Friend page:

http://www.partnersinsuccess.net/tellafriend.htm


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10.) Advertiser's Corner

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To place YOUR ad in our Advertiser's Corner, visit
http://www.partnersinsuccess.net/ezineads


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11.) Advertising Rates

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Solo Ads (1 Issue) $35.00
Your Solo Ad mailed to our Subscriber Base.

Top Sponsor Ads $20.00

Advertiser's Corner Ads  $6.00

For further information, visit:

http://www.partnersinsuccess.net/ezineads/