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WebHostingPad
Tue, 12 Feb 2008 14:35:21 +0000
At Web Hosting Pad, we are very confident in our products and services. We provide a fast, reliable and comprehensive service that we believe you will be completely satisfied with. Webhostingpad.com a divison of Omnis networks, was formed in 2005 with a team of very successful and proven industry veterans, intent on delivering the best ...]
Quick Domain Searching with Domize
Tue, 20 May 2008 12:11:12 +0000
Ready for the Online tool that promises to provide you with the quickest domain name searching ever? Domize.com is promoting themselves as the “better” instant domain search tool. Do they live up to that hype? Yes, they do!
There is no rocket science needed to use it either, which as you all know if something I ...]
Come on Down, Then Sell Your Hosting Company
Tue, 20 May 2008 10:55:00 -0400
This is a no-brainer that can be hard to do. Family, friends, schools, pets all figure into the situation. But is should be on your plate.
Here are some of the top rates for state income taxes; Vermont 9.5%, Oregon 9% and New Jersey 8.97%.
Now there are many other states with high state income taxes. The California State Motto is Eureka "I have found it!" is aptly stated. After all California has a 9.3% state income tax rate plus a 1% kicker imposed on taxable income over $1 million. If I read the tax codes right that equals 10.3%.
Since it makes my case, let’s look at the worst case. You net $500k from your hosting business. In California you pay about $45k in state income taxes and another $155k in Federal Income Tax. So 40% goes to the government. Not to mention FICA, 8.5% sales tax etc.
So you decide to sell the business, it sells for $5 million. In California that adds about $500,000 of your money to the state coffers. You get $500k less. Your retirement fund just dropped $500k. That Ivy League school for the kids is a bit tougher to handle.
Do some family planning. Move to Florida, it has zero, nada, and no state income tax. So does Alaska, Nevada, South Dakota, Texas, Washington and Wyoming.
Now the M&A Part – Buyers don’t make up for the sellers shortfall. It is just as easy to buy a company in Texas as in California. Think this one over for a while.
So talk to your attorney and accountant, make sure everything’s legal and makes sense. Then come on down to Florida a couple years before you sell. You could add some $600k to the retirement fund. Oh yes, real estate is a bargain since the bubble burst.
Written from Cape Coral, Florida - Rather than our old Milwaukee diggs (6.75%)
More about Tom:
T35 Hosting in Business Week’s 101 Best Web Freebies
Wed, 28 Nov 2007 16:46:51 +0000
Content Management Systems
Fri, 15 Sep 2006 02:02:29 -0400
Wikipedia defines a Content Management System (CMS) as follows:
A content management system is a computer software system for organizing and facilitating collaborative creation of documents and other content. A content management system is sometimes a web application used for managing websites and web content, though in many cases, content management systems require special client software for editing and constructing articles. They can also be used for storage and single sourcing of documentation for a firm including but not limited to operators' manuals, technical manuals, sales guides, etc. The market for content management systems remains fragmented, with many open-source and proprietary solutions available. The term was originally used for website publishing and management systems. Early content management systems were developed internally at organizations which were doing a lot of content publishing. In 1995, CNET spun out its internal development offerings into a separate company called Vignette, which opened up the market for commercial systems. As the market evolved, the scope of content management systems broadened, and the term is now used to refer to a range of technologies and techniques, including portal systems, wiki systems, and web-based groupware.
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