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TBIP 2: Getting Your Business In Order

May 7th, 2008 ·

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This is the second installment of The Black Ink Project series.

In this series, I will be reporting on my participation in Jeremy Palmer’s webinar training course “The Black Ink Project“.

For those of you that don’t know him, Jeremy is the author of the(now free)mega-hit ebook called “High Performance Affiliate Marketing“. In this book, he details how he went from barely showing a profit to a super-affiliate.

Each day, I will post the topic from the previous day’s session and will share at least one important idea that I took away from the session. These posts are intended as an overview of the webinars and NOT to replace participation in them.

Background

I highly recommend signing up for this webinar series. I do NOT receive ANY compensation for recommending this. I simply believe that Jeremy Palmer is a man who knows his stuff, has the proof to show it and really cares about helping others succeed online.

Each webinar will last an hour and a half with the last thirty minutes used for Q and A. There will be twenty sessions divided as follows:

  • five weekday sessions
  • one week off between each series of five sessions to catch up and take action on what was learned the previous week
  • course will take eight weeks to complete

Each session will be recorded and the recording will be available within twenty-four hours. The recordings will include the graphics used during the presentation. He will also send an email with a summary of the topic, resources discussed and links to Q and A topics.

You can find the course outline and schedule here.

Today’s Topic: Getting Your Business In Order

Jeremy’s business advisor, Jon Shaw, discussed the legal and tax considerations involved in what form you choose for your business. He focused mainly on Sole Proprietorships, Single-Member Limited Liability Corporations and S-Corporations.

My Top Take-Away

The test purchases that you make related to a site you are developing can be 100% deductible on your US income tax return.

Tomorrow’s Topic: Developing A Rock Solid Business Plan

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