June 10th, 2010

LLC Versus LLP – What's the difference?

As an accountant, ask many entrepreneurs tell me the difference between an LLC and LLP. Fortunately for them and for you, LLC vs. LLP answer question is not so difficult.

Normally, the correct answer is "Go with the LLC." But let me explain …

Both LLC and LLP must be created easily.

I point out that both LLC and LLP are just beginning to form. In any case, create the new society, presenting readers with the country of origin of the Secretary of State Office.The process varies from state to state, but the paperwork all works the same way as the base. The documentation on behalf of the new company, provides a business overview and provides information on people setting up the new company.

Note: You can usually download-in-the-blank forms filled by the Secretary of State Web site to create a limited liability company or limited liability company. Typically, the forms of one or two pagesCome and easy to understand instructions.

But in summary, therefore, both an LLC and LLP have formed the same way and with the same level roughly equivalent gross of effort and cost. The question LLP against LLC is not decided by how difficult it is to make the company …

LLC vs LLP: Legal approximately the same

Here is the next thing to note when trying to understand the difference between an LLC and LLP can make the right choice: LLCLLP and offer the same security. More precisely, LLC both protect owners from legal liabilities arising from the LLP, LLC or LLP activities.

If an LLC or LLP is engaged in some bad or risky behavior, the results of economic responsibility, for example, the owner of the LLC (called members), and the owners of this program (called partners) will not keep legal liability as a result their property. In a sense, the owner of an LLC or LLP, which the same protectionto make the shareholders of a company. (If you own shares of some large industrial companies or oil companies, not only for their actions because these actions are responsible …)

But some qualifications are necessary here: the legal protection offered by a company or limited liability company incorporated in the State are limited. And what is very important, can the members and partners regularly carries no liability because of their property, but because of his work on behalfthe limited liability company or limited liability company.

In short, the LLC may be determined not offered the quality of legal protection, the Lifelong Learning Programme LLP, LLC or demand respect because the two are so similar …

Tax differences between an LLC and LLP?

As a generalization, and I will not waste time on this beautiful, LLC and LLP will receive the same tax treatment of income accounting. By default, it is LLC and LLP are usuallytreated (by default) as a partnership. Both LLC and LLP tend to have the option to switch to "C" corporations are considered regular and well (provided they meet the other criteria) as "S" corporations.

In many cases, tax accounting and tax saving partnership makes it easy to form and dissolve a business entity. So the accounting partnership tax angle is a big advantage, but is an advantage for both the LLC and LLP are available … and thereforeexplain the difference between an LLC and LLP.

LLC vs LLP: are the two options or free circulation?

Here is a final point, which probably explains why and when a company decides to use the LLP, rather than the LLC option.

Some multi-state companies (such as audit firms and large law firms) should not be able, using the limited liability company, all states in which they operate. If this is the case, large firms (againoften a Professional Service Firm) able to operate it operates as a limited liability company in any state in which they. And this "works quite everywhere," says look, why and when a company is an LLP or Limited Liability Partnership.

Tags : Prudential Insurance Refinance Home Loan Employee Satisfaction

Permalink Liability Partnership Articles No Comments »
June 9th, 2010

How important is a DBA filing?

"Doing Business As" or DBA is a legal term, often fictitious names, pseudonym or company. This is a statement from individuals and companies with whom we do business legally, while allowing the use of a fictitious name in a simple and economical.

Filing a DBA also allows entrepreneurs legally accept payments, bank accounts, and advertise in their fictitious names chosen. Under a false name fraud can be avoided, as thisBusiness under a name different from legal name without documents is against the law.

So why a business entity to file a fictitious name?

There are several reasons for this. First, if you are a sole trader, you have the option of using a business name rather than his name. You must also not on a formal legal person, partnership, or LLC. Legal entities other side, several companies, withoutcommercial enterprises.

DBA statements are generally used in the company franchises. Here, affiliates conduct business under the brand franchise, but at the same time, also the name of a separate legal personality.

Filing a DBA Online is not as complicated as it seems. In most cases all you have to do is sit in front of the computer to respond to the questionnaire and wait to be reviewed and amended. However, some states, especially in California and other areas, firmsrequired notice of its intention in a fictitious name in the newspapers run a certain time of publishing. Business owners are also obliged to register their names in the register of deeds. This is aimed at people of fraud and other legal problems that might arise in the future to protect.

The presentation of a DBA and the proper use of false names can be a powerful marketing and branding tool for businesses. It 'important that employers understand their purpose at mostused.

Thanks To : Diamond Earrings Job Satisfaction Survey Cheap Motor Car Insurance

Permalink Liability Partnership Articles No Comments »
June 8th, 2010

Defining the Flexible Premium Annuity

When you have choice, you also have power. In selecting an annuity that could work for you, flexibility can be a critical benefit. Flexible Premium Annuities give the annuity investor more power and – of course – flexibility. They typically rely on a series of contributions throughout an accumulation but can accept a single premium or contribution. The flexibility of contributions is an often-undervalued benefit of FPAs.

The multiple contributions to the FPA can be unscheduled and irregular. Alternatively, the investor can make regular payments as desired. One spin-off benefit of this is that FPAs do not bear anti-annuitant clauses such as the “reduced paid-up annuity” clause. The Flexible Premium Annuity merely accumulates a cash value based on the amount and timing of the contributions. It cannot lapse or be converted into a paid-up annuity in the absence of additional contributions. You can contribute any amount at anytime with the proviso that the amount must be at or over a minimum premium (usually between $25.00 and $100.00).

The value of flexibility to the investor is that they can better manage the accumulation in response to changing personal circumstances and market performance. If better investment opportunities arise, the annuity contributor can divert the funds to those without negative consequence. Flexible Premium Annuities therefore have a low opportunity cost. In addition, they normally have no contribution limits. If you earn a windfall or lump sum, you can deposit it into such an annuity with little or no restriction.

FPAs are usually deferred annuities, meaning that they have a tax-deferred accumulation phase. However, unregistered or unqualified plans of this variety exist as well. The common factor in flexible premiums is the necessity of the accumulation phase. Some annuity providers term their FPA the Flexible premium Deferred Annuity (FPDA). Indeed, it is impossible to have a Flexible Premium Immediate Annuity – although immediate annuities with flexible payments (not premiums) exist.

Insurers and annuity providers can apply the concept of the flexible premium to fixed, variable or indexed annuities. Some flexible plans (normally variable annuities or hybrids) are also self-directed, meaning that the annuity investor has additional power over the investment. Regardless of the nature of the FPA, annuity providers apply prevailing rates to additional contributions. The flexibility offered by FPAs increases the options that the investor has on self-directed plans even further.

The flexible premium is another annuity concept that increases the impressive range of options for the annuity investor. Where your finances are concerned, you deserve choice and power. FPAs give you just that.

Thanks To : Refinance Home Loan Emerald Cut Laser Liposuction Wrinkle Cream

Permalink Liability Partnership Articles No Comments »
June 7th, 2010

Why Form a Corporation – Advantages in Forming a Corporation and Where to Incorporate

Selecting Your Business Structure

When beginning a business, you must decide what form of business entity to establish. The type of business entity determines which income tax return you have to file. The most common forms of business are the sole proprietorship, partnership, and corporation. A Limited Liability Company is a relatively new business structure allowed by state statute.

Legal and tax considerations enter into selecting a business structure.

Sole Proprietorship

A sole proprietor is someone who owns an unincorporated business by himself or herself. However, if you are the sole member of a domestic Limited Liability Company, you are not a sole proprietor if you elect to treat the Limited Liability Company as a Corp.

Corporations

In forming a corporation, prospective shareholders exchange money, property, or both, for the entity capital stock. A corp generally takes the same deductions as a sole proprietorship to figure its taxable income and can can also take special deductions. For federal income tax purposes, a C corp is recognized as a separate taxpaying entity. A corp conducts business, realizes net income or loss, pays taxes and distributes profits to shareholders.

The profit of a corp is taxed to the entity when earned, and then is taxed to the shareholders when distributed as dividends. This creates a double tax. The business does not get a tax deduction when it distributes dividends to shareholders. Shareholders cannot deduct any loss of the entity.

S Corporations

S corp are business entities that elect to pass corporate income, losses, deductions and credit through to their shareholders for federal tax purposes. Shareholders of S corp report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates. This allows S corp to avoid double taxation on the corporate income. S corporations are responsible for tax on certain built-in gains and passive income.

To qualify for S corp status, the entity must meet the following requirements:

1. Be a domestic corporation.

2. Have only allowable shareholders including individuals, certain trust, and estates and may not include partnerships, corp or nonresident alien shareholders.

3. Have no more than 100 shareholders.

4. Have one class of stock

5. Not be an ineligible corporation i.e. certain financial institutions, insurance companies, and domestic international sales corporations.

Limited Liability Company.

A Limited Liability Company is a relatively new business structure allowed by state statute.

Limited Liability Companies are popular because, similar to a corporation, owners have limited personal liability for the debts and actions of the Limited Liability Company. Other features of Limited Liability Companies are more like a partnership, providing management flexibility and the benefit of pass-through taxation.

Owners of a LLC are called members. Since most states do not restrict ownership, members may include individuals, corporations, other Limited Liability Companies and foreign entities. There is no maximum number of members. Most states also permit single member LLC, those having only one owner.

A few types of businesses generally cannot be LLC, such as banks and insurance companies. Check your states requirements and the federal tax regulations for further information. There are special rules for foreign LLC.

Related : Home Refinance Juicing Machine Plastics Injection

Permalink Liability Partnership Articles No Comments »
June 6th, 2010

S Corp Vs LLC – Ownership Structures

Choosing an ownership structure for your new business is really not as hard as extracting your wisdom tooth on your own. If you file taxes yourself, you are probably well equipped to do this without a lawyer or an accountant. Remember, you can always choose to convert to another form of ownership later.

To begin, let’s examine the four types of ownerships you can choose from:

Sole Proprietorship

When I read about another tort case in the news, it often reminds me of the word “extortion”. Granted, not all tort cases are frivolous, there is still room for improvement in tort law. Like everyone else, I work hard to earn a living. In the process, I hope to accumulate some assets in my lifetime. I’d hate to lose everything in a lawsuit. When you run your business as a sole proprietorship, you are risking all your assets. That’s a good enough reason for me not to choose the sole proprietorship.

Partnership

But if you have a partner, which most startups do, sole proprietorship is out of the question. For multiple-owner businesses, a partnership offers the ease of formation much like a sole proprietorship and pass-through taxation (there is no tax at the partnership level). However, partners in a partnership are liable for each others’ actions. A limited partnership affords invested capital protection for the limited partners, but the general partner, who manages day-to-day operations of the business, is liable for all actions. If you work for your business, you are a general partner. Hence, a partnership structure still does not offer the limited liability I’m seeking.

Limited Liability Company (LLC)

This brings us to the next ownership structure: a limited liability company (LLC). An LLC is like a souped-up partnership. It has the pass-through taxation advantages of a partnership plus, as its name implies, limited liability for its members (owners of LLCs are called “members”). The major difference between an LLC and a partnership is that an LLC is legally recognized as a separate entity, hence the limited liability protection advantage. Although I compared an LLC to a partnership, it is possible to form an LLC with just one member to take advantage of the limited liability protection.

Corporation

There are two types of corporations: a C Corporation and an S Corporation. A C Corp offers the same limited liability protection that LLC offers. Most publicly traded companies are formed as C Corporations because this ownership structure has been around for a long time. The regulations governing C corporations have matured and therefore well understood by many. Despite its popularity, a C corporation has its drawbacks. One that stands out is its double taxation. That is, your corporation is taxed once at the corporation level and a second time when wages are paid to you. Yuck!

Tired of paying so much tax, the rich businessmen came up with the idea of an S Corporation. Someone once said “Tax laws are written by the rich for the poor.” Indeed. The S Corporation is, as you might have guessed, a C Corporation with the pass-through tax advantage. Since I hate paying too much taxes as well, I thought a C corporation is not such a good idea.

Deciding Between LLC And S Corp

Since both LLC and S Corporation provide the same liability protection, the decision boils down to several points to consider:

Tax implications
Registration and maintenance costs
Compliance
Employees and future ownership changes

Before I brush off liability protection altogether, it is important to bear in mind that your personal assets are only protected if you have conducted your business within legal boundaries. If you sell drugs, commit fraud or worse deliver spam to my e-mail, not only your personal assets are on the line, I will personally come after your firstborn.

In my next post, I will discuss the tax implications of choosing an LLC and a corporation. Stay tuned!

Thanks To : Home Refinance Ge Appliance Triple Threat Prk Lasik

Permalink Liability Partnership Articles No Comments »
June 6th, 2010

How to Add an LLC Member to a Limited Liability Company

Adding a member to an LLC involves several steps and it is important that any limited liability company business do it properly. Mistakes can be disastrous. The process can vary and be very simple or extremely complex depend on each circumstances. However, here is the general 4 step process:

Step #1: Determine Whether the New Person is Eligible to be Added as an Owner

The good news is that the laws for this kind of legal entity are very lenient when it comes to member admission matters. There are no limitations or conditions when it comes to the residency, citizenship, location, affiliation or any other characteristic for a member. In addition, members don’t have to be individuals. They can be corporations, partnerships, trusts and even other limited liability companies.

However, the laws also allow for an LLC business to impose its own set of restrictions, exclusions and processes for member admission. Because of this it is every important that you first consult the operating agreement of the business and review, in detail, the membership related provisions for conditions, limitations and other requirements. Step one is ensuring the specific person qualifies to be admitted in the first place.

If the LLC is being taxed under the S corporation structure, it is also essential that the member admission not cause your S election to be disqualified. Many of the S election requirements are directly related to the number and type of members in a company.

Step #2: Get Member Approvals and Meet All Process Formalities

In most cases, the operating document will require that a certain percentage vote be obtained by the existing members. This is usually done at an owner meeting or by using a standard governance form document called a Written Consent.

You should strictly obtain all voting approvals and meet any other conditions required and, even more importantly, you should document such approvals and actions in written consent documents. File these documents with the other official paperwork of the LLC.

Step #3: Have a Written Membership Issuance Agreement Documenting the Member Admission

This document does not have to be long and complicated if you have a straightforward transaction where a member is admitted in exchange for providing a cash contribution to the LLC. This document is typically called a Membership Issuance Agreement or a Member Subscription Agreement. For most small businesses, it is a simple one page document.

However, if there are other involved deal terms, then your issuance agreement must properly address them legally. One common example is if the ownership of the new member is subject to vesting or to promises in the future. I strongly recommend you use a lawyer to represent you or the LLC in these cases as the potential consequences of improperly addressing additional matters can be significant. I have seen businesses go under as a result of member disputes that could have been easily avoided.

Step #4: Ensure the new LLC Member Agree to the Operating Agreement

The operating agreement is so vital. It not only addresses how the business will be operated but it also defines the rights and obligations of each owner.

When you admit a new member to an LLC, that person needs to sign a written document agreeing to be bound by the operating agreement and all of its provisions. Hopefully your operating document imposes this as a condition to completing a member admission transaction (every one should have this). Regardless, this should be a required step every time.

Friends Link : Diamond Earrings Ventless Fireplaces New Orleans Saints Summer Fragrance

Permalink Liability Partnership Articles No Comments »
June 5th, 2010

10 Things You Didn’t Know About Business Partnership Agreements

If you are thinking about starting your own business, or you are a successful sole trader who is looking to expand your business, perhaps you have already thought about a Business Partnership Agreement. If not, find out more about the benefits, with this ten point guide.

1. A Business Partnership Agreement is a legally binding arrangement between at least 2 and no more than 20 people.

2. Business Partnership Agreements are commonly used by people offering professional services such as Doctors, Solicitors and Accountants. It is not uncommon for partners to specialise in different areas of their chosen profession to broaden the appeal of the business, and so gain more customers or clients. Two solicitors who specialise in family law and business law might choose to form a partnership, as might three accountants who are experienced in book keeping, tax advice and financial advice.

3. All partners are entitled to an equal share of profits, and are also equally liable for any losses incurred by the business, no matter which partner was responsible for the losses.

4. All partners are entitled to receive payment for expenses incurred as part of carrying out their job. These can include expenses for car parking and petrol, entertaining clients and hotel accommodation.

5. Each of the partners can take part in the management of the business. This can be useful if each partner has different areas of expertise, such as employment law, family law and property law. Each partner can head up their own team of specialists as required by the business.

6. No partner will be paid by default, so partners will need to ensure that they do get paid!

7. If a potential partner wants to join the business, this has to be done with the consent of all the existing partners. Nobody can be added to the partnership if

8. No changes can be made to the nature of the business without the consent of the existing partners. If the business wanted to change from a firm of accountants to dentists, all partners would have to agree to this.

9. The company financial accounts and books must be held at the main place of business, and all partners are entitled to see them whenever they want to.

10. Any partner can bring the partnership to an end by giving notice to the other partners. Depending on the type of agreement, this may be the end of the business, or, there may be the option to replace the person who leaves, subject to approval by the existing partners.

Business Partnership Agreements are a great ways to expand your business, and take advantage of skills and experience that will compliment your own in order to provide a better product or service for your customers.

Take the appropriate legal advice and with a Business Partnership Agreement you can ensure that your business can get off the ground, and continue to expand. Now might be the right time to think about breaking into new markets, or increasing your customer or client base. See what a Business Partnership Agreement could mean to you.

See Also : Fragrance Oil Refinance Home Loan Glister

Permalink Liability Partnership Articles No Comments »
June 4th, 2010

Small Business Tax Tips – How to File an Extension For Your Income Tax Return

For all you procrastinators out there, here’s a nuts ‘n bolts guide on how to legally postpone the filing of your 2008 income tax returns. When it comes to putting things off, you can never plan too far ahead.

In many cases the IRS allows you to file a no-questions-asked extension form. Which particular form you file depends on what type of entity your business happens to be.

SOLE PROPRIETORSHIP:

You need to file Form 4868 to get an automatic 6-month extension to file your personal income tax return.

CORPORATIONS:

Whether you are a “C” Corporation or an “S” Corporation, you must file Form 7004 by March 15. Doing so grants you an automatic 6-month extension for filing Form 1120 (”C” Corp) or Form 1120S (”S” Corp).

PARTNERSHIPS:

You need to file Form 7004 by April 15. This obtains a 5-month extension to file Form 1065.

LIMITED LIABILITY COMPANIES (LLC):

LLC’s can be taxed like a sole proprietorship, a corporation, or a partnership. So simply file the extension form for whichever entity you are being taxed like.

Now, before you start extending to your heart’s content, please keep the following guidelines in mind.

EXTENSION TIP #1:

Never forget the mantra of all tax extension forms: The extension to file the return is NOT an extension to pay any tax due. It’s only an extension for the filing of your tax return.

In other words, do not view the extension as an opportunity to legally postpone the payment of your tax.

So if you have a balance due on the return, then you must still pay the tax by the original tax return due date. If you file the extension but do not pay the balance due on time, then you will pay penalty and interest for late payment of tax. You will legally avoid the penalty for late filing, however.

So what’s the point in filing an extension if you still have to pay the tax?

Three possible scenarios — first, some folks get most of their tax data organized and are able to get enough of their return done to get the big picture: “Do I owe or am I getting a refund.” You do the calculations, see where you stand, and if you owe, send in the extension form with a payment that’s pretty close to the final figures.

You may have a few deductions that you need to research, one last shoebox to peruse. You need more time, that’s all.

Second, you’re running way behind on tax matters this year. Hey, it happens! There’s no way you’re going to get the return done on time, and you know you’ll probably owe, so, be sure to file the extension, even if you don’t know how much you may owe or even if you can’t make a payment with the extension. The reason? Because there are penalties for late filing and penalties for late payment of tax. By filing the extension, at least you avoid the late filing penalties.

In short, by filing the extension, you can save yourself some money in late FILING charges, but not necessarily late PAYMENT charges. Be sure to understand the difference!

The third scenario is even more common — you know you’re getting a refund; you always get a refund. Maybe you’re self-employed and your spouse has a W-2 job, and the spouse’s tax withholdings are always enough to cover both of you. And you’re in no hurry to get the refund.

Which brings me to:

EXTENSION TIP #2:

If you are getting a refund on your personal return, you have 3 years to file the return to claim the refund, without any fear of a late filing penalty.

That’s right. As long as you file your return within 3 years of the original due date (for Year 2008 returns due April 15, 2009, that would be April 15, 2012), you’ll get your refund and there is no penalty for filing late, even if you file after the extended due date of October 15.

Bottom line: if you think you may owe, if at all possible, do enough calculating to send in a payment with the extension. If you’re getting a refund, still send in the extension (just to be safe), but relax, you’ve got plenty of time to get your money back, assuming you didn’t need it yesterday.

Oh, one more thing:

EXTENSION TIP #3:

This article only deals with federal extension rules. State rules vary considerably, so be sure to check with your state’s tax department or your local tax professional to get the scoop on the extension rules for your particular state.

Some states simply piggyback off the federal rules. Others don’t. So be careful here or you could be penalized severely for assuming that your state’s rules are the same as the feds.

Related : Prudential Insurance Bioquest

Permalink Liability Partnership Articles No Comments »
June 3rd, 2010

Limited Liability Corporation Advantages

A limited liability corporation is a separate corporate business unit that has a separate legal structure. Although it incorporates many features of partnership and corporation, it cannot be considered similar to either. The unique set of advantages it offers due to its distinct corporate structure has endeared it to many people. The limited liability corporation has been a long-standing concept. However, in the United States it offers a relatively new category of business entity to entrepreneurs and investors. This model is a revised adaptation of the German GbmH model.

It is possible to judge the advantages offered by this new business unit by understanding the business model of partnership and corporations. A corporation offers limited liability protection to the individual owners, investors and shareholders. Thus, the losses and debts of the corporate organization are not reflected upon on the individual owners. However, there are many complexities involved in corporations, regarding ownership, number of members, and distribution of profits, management control and functioning.

A limited liability corporation provides limited liability to its members without the double taxation found in corporations. There is no intervening structure in a limited liability corporation. The profits, dividends, expenses and losses are reflected on the individual members, depending on investment and expenses. Hence, it offers a more flexible profit distribution method. There is no curtailing of investment and number of members (one or many). The entire structure is relatively informal, with all members having the right to participate in management meetings. There is no constraint on having regular meetings. The formalities required for setting up a limited liability corporation are much simpler than for a corporation.

A partnership and sole proprietorship has the taxation advantage without the limited liability protection of a limited liability corporation. Due to this high amount of personal risk, partnerships often insist that only a few members with high shareholdings can participate in the meeting.

Thanks To : Diamond Earrings Refinance Home Loan Refinishing Weblogic Wilsonart Laminate

Permalink Liability Partnership Articles No Comments »
June 3rd, 2010

Turbo Tax Small Business – A Good Accounting Tax Filing Solution For Small Managers and Owners

Operating rental properties and especially a portfolio of rental properties can result in snowballing charges for legal fees and accounting. Managing these costs, supporting your needs the right way, protecting your investors interests, protecting yourself against liabilities is a tremendously challenging requirement that requires understanding where you can “self serve” and how you can accomplish this end while keeping the service quality bar high enough for everyone involved. Turbo Tax Small Business is one of these solutions.

Making Turbo Tax sufficient without significant accounting support requires some good planning. First, as I’ve mentioned before a good ledger system that records all transactions before being entered into the property management and accounting system is a great start. If each transaction is recorded with the date, a detailed purpose, and the type. Your books can be quickly assembled by yourself if you have the accounting skills and understand or go to the trouble to understand your software well enough.

With an accurate detailed income statement, balance sheet, and cash flow statement, you have the basic information you require for the financial input of your tax preparation.

Next, you need to have all the entity information at your finger tips. For tax preparation, this includes the tax ID number or EIN for the entity. You need to know your entity type. You have to be prepared to answer questions like whether this is an S Corporation or Limited Liability Company (LLC) or partnership. You need to be able to answer whether the company is a single partner or investor or multiple partner or investor business. Finally, you have to the formation date of the entity.

For the states, you will need to know similar information and states have state specific entity information which you will need to have.

Next, you need to have the investor tax information. This is simply the name of the entity or individual. Their Tax ID number. (If you have foreign investors, you should have a tax id and if you do not their is a process for them to file with IRS to get an ID. You will require their address and a copy of their passport. They will need to complete the W7 for this purpose.) Then you will need the address for each individual.

With all this information in hand, you have everything necessary to complete your taxes. As a matter of organizing, you will need to have the date of investment and subsequent investments for each investor. You will need the same for distributions. Once organized and assuming you have (or the person you have perform the work has) the accounting experience you can prepare an accurate tax return that will satisfy the IRS, your partners, and protect everyone’s interests.

Recommend : Prudential Insurance Refinance Home Loan Anna Sui Fragrance Pleural Mesothelioma Restylane Filler Wrinkle

Permalink Liability Partnership Articles No Comments »