In real estate, an impound account is set up by the lender. It is established to pay for the property tax and insurance bills in the future.

The amount of land does not change, but land can be changed from one purpose to another. However, buildings take time and therefore are not changeable in the short run.It takes a while to build new buildings and existing buildings are very costly to tear down and convert to something else.

A deceased estate comes into existence when a person dies and leaves property and/or a document that is a will or is intended as a will. The estate must then be administered and distributed, either in accordance with the deceased's will or, if the deceased did not leave a will, in accordance with the provisions … Read more

Your reputation is perhaps your single most valuable asset in business. Conventional wisdom is that knowledge and experience are, but those can be hired, acquired and outsourced. A reputation takes time to build, and yet can be lost in an instant.Reputation drives word-of-mouth marketing, the most effective marketing for entrepreneurs (studies show that networking and … Read more