http://blog.modernmechanix.com/2007/06/15/inventor-incorporated/ Yesterday's tomorrow, today. Fri, 09 Jan 2009 01:29:00 +0000 http://wordpress.org/?v=2.6.2 http://blog.modernmechanix.com/2007/06/15/inventor-incorporated/#comment-635301 Cline Clark Tue, 23 Oct 2007 20:53:14 +0000 http://blog.modernmechanix.com/2007/06/11/inventor-incorporated/#comment-635301 Incorporating is inexpensive and, in most states, requires only the founder to operate. By setting up a corporation and obtaining corporate credit, almost anything can be financed. The secret is that corporations are taxed on profit, not income! Credit card cash advances are not "income" and high interest rate is a deductible expense. By opening multiple credit cards and increasing credit limits a corporation can raise millions! Go figure. Cash advance $100,000 (as needed) to a checking account that automatically repays a little above minimum payment -- keeps a positive cash flow available until the "true income" jackpot arrives! Incorporating is inexpensive and, in most states, requires only the founder to operate. By setting up a corporation and obtaining corporate credit, almost anything can be financed. The secret is that corporations are taxed on profit, not income! Credit card cash advances are not “income” and high interest rate is a deductible expense. By opening multiple credit cards and increasing credit limits a corporation can raise millions! Go figure. Cash advance $100,000 (as needed) to a checking account that automatically repays a little above minimum payment — keeps a positive cash flow available until the “true income” jackpot arrives!

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