in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc, corp., and who is liable, for whose borrowing the money? >> as a micro lender, we expect the principles, the corporate form, to provide guarantees. >> personal guarantees. >> the same. 20% ownership in the company. [inaudible] >> [inaudible] >> i heard something about sba guaranteed loans. maybe i missed something. does that have to do with the sba guaranteeing the entity? >> the question on the sba guaranteeing a entity as the order of the business, whether it is a corporation or partnership, for any small business lending, you should expect to be guaranteeing that long personally. as a small-business owner, from a lender's point of view, we want to see that you are as invested in the business as you are asking the bank to be. the idea that non recourse loans, the way you describe it, loans that you get without having yourself personally liable is not the way it works. you should assume you will guarantee the loan regardless of the structure of your business. the good news, though,

in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc, corp., and who is liable, for whose borrowing the money? >> as a micro lender, we expect the principles, the corporate form, to provide guarantees. >> personal guarantees. >> the same.

in general, to the lenders, what type of vanity do you traditionally see approach you for loans, an llc, corp., and who is liable, for whose borrowing the money? >> as a micro lender, we expect the principles, the corporate form, to provide guarantees. >> personal guarantees. >> the same. 20% ownership in the company. [inaudible] >> [inaudible] >> i heard something about sba guaranteed loans. maybe i missed something. does that have to do with the sba guaranteeing the entity? >> the question on the sba guaranteeing a entity as the order of the business, order of the business, whether it is a corporation or

with the rates so low, the need for an llc corp which is the same thing goes out the window. simplicity has two advantages. that is you can't play games and number two, the low rate is low enough that it's not worth your while unless you are a pro to avoid the thing. the deals are with a whole host of issues with the business side where a lot of complexity comes from. >> a lot of favorite poll questions and who is your second choice? do you have a second choice? >> not yet. my first choice can still do it and he's moving up in the polls. again, i think this thing is amazingly fluid at this stage in the game. as you referenced earlier about romney and the gingrich going after each other when two guys go after each other, other candidates can come up in the middle of the field. >> watch out for number three. you found that out the hard way. >> i did. >> yes. mr. forbes, thanks for coming on this morning. >> up next, could europe be responsible for a good day on wall street for a change? that's okay. i think washington will figure it out. can the dow bounce back from the 100 poi

and that lawyer may say to you, look, brian, we could put it into what's called an llc, limited liabilityar corporation, or we could put it in a certain type of irrevocable trust that could protect that asset if something happens down the line. one thing is this, brian, any time you transfer an asset to protect it, thralls a look back period. in other words, if i owed you $100,000, brian, and i start transferring my assets into these things, there is usually a period of time that you could look back and say, hey, you transferred that valuable asset into a corporation. that was fraudulent. that was done because you owe me the money. i'm going to try to set that aside. these are the type of things i hope to educate our viewers on in the next few weeks. >> brian: i would not be calling you massi, it would be bob or mr. massi. but bob, you can actually take questions. correct? we can e-mail -- you can e-mail us here and we'll get them to you. >> thank you. >> brian: thanks a lot. he tried to do it before, but can the only suspect in the disappearance of a woman in aruba cash in on the insuran

or an llc. so it still has some of the fundamental problems with the previous bill, but it is an improvement, and i congratulate senator casey on the improvement. >> host: does that mean you could possibly vote yes on this? >> guest: means i'm going to study it today. my first reading was at 6:30 in the morning, so i'm going to give myself the rest of the day. [laughter] >> guest: all right, maybe a little more coffee. you did vote last week against the democratic proposal as well as the gop proposal put forward by your leader in the senate, mitch mcconnell. are you willing to let the tax, the payroll tax holiday expire? >> guest: well, you know, it was a temporary benefit, alleged benefit that would hopefully bring the economy back, just like the $300 per-person payment that george bush passed in 2007 was an attempt to bring the economy back. neither one of those worked, and i think it's pretty obvious the payroll tax holiday of a year ago has not worked to change the economy because our economi

. >> caption colorado, llc comments@captioncolorado.com & >> pelley: tonight, an intelligence coup for iran. it shows off one of america's most sophisticated spy planes and u.s. officials tell cbs news it's real. bob orr has the latest. another deadly shooting at virginia tech. >> do not leave this room until you're told, you understand? >> pelley: the school goes on lockdown. elaine quijano is on the scene. for the first time, the e.p.a. links the oil and gas drilling method calling fracking to the pollution of groundwater. >> right now i don't know if i'm poisoning my family or if i'm not. >> pelley: and jim axelrod on a legacy of the war in iraq. the simple tool that saved thousands of american lives. captioning sponsored by cbs >> pelley: good evening. tonight, a u.s. official tells cbs news there is "high confidence" that a captured american aircraft shown on iranian television is, in fact, one of this country's most sophisticated spy planes. the pentagon declined to comment but the american official says analysis of the video now confirms the r.q.-170 unmanned drone was captured.

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an eye on that this evening. have a good night. see you at 10:00 and 11:00. >> caption colorado, llc comments@captioncolorado.com [ male announcer ] dandruff, meet micro-beads. any last wishes? new selsun blue deep cleansing micro-bead scrub goes to the source wiping out flakes before they flake.

llc comments@captioncolorado.com >> pelley: tonight, the deal is done. congress votes to prevent a tax increase. the president signs it, but sharyl attkisson reports the deal won't last long. the syrian uprising takes an ominous turn with deadly car bombings in damascus. clarissa ward goes inside syria oed meets the rebels plotting to overthrow the regime. mark strassmann on today's new smart cars that can stop themselves to prevent crashes. and steve hartman's "on the road" with santa's toughest challenge. >> santa, for christmas i want my dad to come home. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. th >> pelley: good evening. no holiday tax increase. after a week-long standoff, the senate, house, and president came together on a two-month extension of the temporary cut in social security payroll sexes. a year ago, that tax rate was lowered from 6.2% to 4.2%. and for a lot of families, that comes to about $80 a month. house republicans wanted a longer extension and they threatened to let the tax cut expire if they didn't get their way. but today they backed down and the president was quick to grab his pen. sharyl attkisson has been covering from the capitol to the w

. >> caption colorado, llc comments@captioncolorado.com >>> more than eight years after the iraq war began after an invasion described as "shock and awe" one month before all u.s. combat troops must be out of iraq. we are live this morning in baghdad. >>> asia's stock markets are surging this morning after wall street's biggest one-day gain of the year as investors hope for solution to europe's debt crisis. we'll ask rebecca jarvis if the crisis can last. >>> herman cain's campaign rolls on for now, he will decide in the next few days if he can keep going. this after the claims of the 13-year affair. we have the very latest for you on the gop race. >>> good news from the grammy nominations for kanye west, bruno mars and some snubs for taylor swift and beyonce. we'll have all the big names and the big performances from last night's grammy concert early this thursday morning, december night's grammy concert early this thursday morning, december 1st, 2011. captioning funded by cbs >>> boy, that's something to wake up to. >> stunning. >> it is. >> good thursday morning, everyo everyone. i'm erica hill.

llc comments@captioncolorado.com >>> good morning. after dumping snow and ice in new mexico and texas an early winter storm heads east. promising several inches of snow. >>> president obama goes to kansas to lash out republican economics saying it's putting the middle class at risk zblchlts new polls show newt gingrich picking up more support. a closer look at the gop presidential race. >>> and alec baldwin booted off a plane for not shutting off his smartphone. he couldn't stop playing words with friends. >>> and good wednesday to you. i'm erica hill. >> and i'm chris wragge. >> nice to be sitting next to you. >> talk about this weather heading our way. a winter blast coming to the east coast. right now, there's snow falling as far south as memphis, tennessee, this same storm caused trouble in the southeast earl earlier this week. >> from north carolina all of the way up to maine, in areas that don't get snow will get a lot of rain. which is not going to be pretty. lonnie quinn of our wcbs tv. >> let's get right to the big satellite and radar picture. look, you can take a peek here and you see there's one game in tow

llc 800-775-7838 email: comments@captioncolorado.com ] >>> good morning. the most powerful santa ana wind storm in more than a decades pounted the west. the gusts hit 123 miles anour. we will find out where this storm is going next. >>> the last jobs report of 2011 is out this morning. analysts expect improvement. that comes on the heels of new numbers showing that americans are back to buying cars. we will take a look at some more of the new positive news on the economy. >>> and herman cain says, yes, he did giveon

an aha moment. viral. all ban. ginormous. >> epic. >> it's all the rage. >> we have to say happy new year to everyone. we have only a few seconds left. >> caption colorado, llcs@con