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Mommy Millionaire

Kim Lavine has transformed the lives of millions through appearances on the Today Show, Rachel Ray, GMA, NBC, ABC, CNN, CNBC, FOX, NPR, Oprah & Friends & features in USA Today, Guideposts, Inc, Business Week, Entrepreneur, and Forbes, to name a few. Her startup bible MOMMY MILLIONAIRE was called by Publishers Weekly “A top-notch how-to guide on launching a business…a rare gem.”

Read more in the newly updated Platinum Version of MOMMY MILLIONAIRE Available for immediate download by eBook or PDF. Filled with all kinds of bonus materials including document templates, updated tips and the real skinny on what went down since I wrote this book.

Price: $9.99 (Upon purchase you will immediately be redirected to download in EPUB, MOBI or PDF formats)

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Kim Lavine's Media Highlights
Kim Lavine's TV Highlights
Kim Lavine
Listen as I tell you a story, of history being made...

Kim is on a mission to inspire people to follow their dreams, empowering them with hope, honesty and faith.

Identified as America’s Expert on Inspirational Business Advice, Kim touches and inspires millions around the world through her appearances on The Today Show, Rachel Ray, Good Morning America, NBC & ABC news, CNN, CNBC, FOX, NPR, Oprah & Friends Radio Network, and features in USA Today, Country Living, Guideposts, Inc, Business Week, Entrepreneur, Women's World, and American Baby to name a few. Read More...

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Kim Lavine's Print Highlights
Wednesday
May272015

« Shareholders Accounts Payable: What is it and why do investors care so much »

by Kim Lavine

Shareholders Accounts Payable is a number on your books that represents owner’s equity in a company. This is any personal cash or personal debt that you invested in order to start and grow your business, which you will pay yourself back with investor money.

Paying Yourself Back with Investor Money

Besides our personal credit card debt, our $125,000 IRA contribution was recorded here. Eventually, the idea is that once the company becomes profitable enough, it will pay you back this money you borrowed.

Can you believe it?

I was going to get every penny back that I ever invested in this company! Why didn’t anybody tell me this at the beginning? I would have worried a lot less about all that debt.

What is Shareholders Accounts Payable?

  • This is a number on your balance sheet that represents the amount of money you’ve personally invested in your company, which you expect to get paid back and have recorded as a loan, or a Shareholder Account Payable.
  • Every investor group wants to see detailed evidence that you have absorbed much of the risk of start-up by investing your own money, including 401K funds and even credit card debt. The more you’ve invested of your own cash, the more confidence they’ll have in the company.
  • The good news is that all that money you’ve put in your company to get it to this point to get all these investors interested is going to come back to you as cash or future equity. You can even negotiate an annual interest rate be paid to you on this loan from the corporation.

An Excerpt from MOMMY MILLIONAIRE

Read more in the newly updated Platinum Version of MOMMY MILLIONAIRE Available for immediate download by eBook or PDF. Filled with all kinds of bonus materials including document templates, updated tips and the real skinny on what went down since I wrote this book. CLICK HERE TO BUY THE BOOK

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