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

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

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]

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 micrle

buying a company or incorporating an llc.axes and decrease the rate of your tax rate. and the risk of audit. so your risk of audit goes down from about 2.7 on average to 0.3% when you're in an incorporated business. >> if you form a llc or incorporate? >> an s corporation is common type of entity when most people start a new business. that's got a low risk of audit so it's a phenomenal way to keep yourself from getting audited. >> that's kind of an added bonus to do that. >> exactly. >> can you get more write-offs if you're incorporated? >> a lot of small businesses can have a significant write-off. the biggest one is the $10,000 deduction you get for starting a business. >> talk about that. >> it just increased from $5,000 to $10,000. in the year. so that's when a small business start and they incorporate and then they can write off $10,000 of their start-up expenses. you buy a computer or you lease a car because you have to travel. all of those are considered start-up expenses that can be deducted from your business. >> $10

. >> caption colorado, llc comments@captioncolorado.com >> couric: tonight, an air traffic controller asleep on the job. and this time, it's a matter of life and death. i'm katie couric. also tonight, a tragedy beyond comprehension. a mother drives her minivan into the hudson river, killing herself and three of her children. the president's deficit reduction plan, a new budget battle is about to begin. and we'll take you to chip's nation, where the citizens have pledged their loyalty to one very special boy. captioning sponsored by cbs from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone. it's hard to believe it happened once, but now it's happened again, and again and again. an air traffic controller sleeping on the job on an overnight shift. forcing a plane to land without any help from the tower. the latest incident just last night involved an air ambulance with a sick patient on board. today, that controller was suspended. wyatt andrews has the story. >> reporter: this time, the air traffic controller fel

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. >> caption colorado, llc comments@captioncolorado.com. >>> an antioch mother says bullets flew throughamage. what the agency admits >>> and we'll check up on southwest airlines and a number of boeing airplanes that have some issues with the top of the plane coming up. first, good morning, i'm hi, everybody. i'm frank mallicoat. >> i'm sydnie kohara. time coming up on 6:00. it's been gorgeous around the bay area so will it

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. >> caption colorado, llc comments@captioncolorado.com >> couric: tonight, president obama releases his birth certificate to put an end to what he calls the silliness. >> we're not going to be able to solve our problems if we get distracted by sideshows and carnival barkers. >> couric: i'm katie couric in london at 10 downing street in front of the most famous door in all of great britain. tonight, inside this historic residence, a conversation with prime minister david cameron about libya, the british economy, and, of course, the royal wedding. >> it's like the team of the future, and an excuse for a bit of a party and some fun at the same time. >> couric: and the lady at the center of this fairy tale romance and how it began, once upon a time. captioning sponsored by cbs >> this is the "cbs evening news" with katie couric reporting tonight from london. >> couric: good evening, everyone. it was an extraordinary moment. president obama went on national television today and did what no other president has ever even been asked to do: prove he's a natural born u.s. citizen, a requirement for holding that office. call

an update on his recovery plus how people across the state can come together to help him today. ,,,,,,,,,,,, >> caption colorado, llc comments@captioncolorado.com >>> san francisco's new top cop gets ready to take the oath. why the mayor's best choice is no stranger to scandal. >>> police and firefighters laid off. how every resident in san jose will feel the impact from massive cuts. >>> good wednesday morning. it's april 27. i'm grace lee, syd? i off. >>> hi, everybody. i'm frank mallicoat. time now almost 5:00 on your wednesday. are you ready for great weather? >> yeah. >> i don't think we have had this since i came into town. >> i don't see any rain in the forecast and that's been the first time i have been able to say that in quite a while. looks like a nice day. we are going to see some winds kicking up. a little breezy at the coast. temperatures, though, a lot of 60s and low 70s around the bay area. and some warmer weather coming our way for the weekend. we'll talk about that

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an aquarium sized cup? >> we'll see you back here bright and early at 4:30. have a good one. >> caption colorado, llcnts@captioncolorado.com

llc comments@captioncolorado.com >>> good morning. >>> good morning. wake up call. for the seventh time this year an air traffic controller is caught asleep on the job. the faa is putting a new plan in place to keep passengers safe. but will it work? >>> the president's proposal. mr. obama takes heat from republicans and democrats after revealing his controversial plan to slash the national deficit by $4 trillion setting the stage on capitol hill for a fierce partisan fight on how to control the spiraling debt. >>> new details from the lone survivor of the hudson river tragedy. the 10-year-old boy who crawled over his mom and squeezed out of a minivan window just moments before she and his three siblings drown. we'll hear from authorities as police try to answer the big question, why she did it. this morning april 14th, 2011. >> announcer: from cbs news, it's the "early show" with erica hill and chris wragge. >>> welcome to the "early show" here on thursday morning. good morning, i'm chris wragge. >> i'm erica hill. good to have you with us. >>> faa is taking immediate action following the latest se

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llc comments@captioncolorado.com >>> good morning. no deal. . >>> good morning. no deal. despite a late-night meeting at the white house and a big push from president obama, gop's democratic leaders failed to come to an agreement on a deal that would avoid shutting down the government. this as house republicans try to extend tomorrow's deadline, but democrats say the price is too high. >>> asleep again. the faa suspends yet another air traffic controller for napping on duty. this time, sleeping for five hours while a colleague did two jobs at once. bringing renewed focus on air safety at airports all around the nation. >>> and baseball beating. a vigil is held for a fan viciously attacked at dodger stadium on opening day. as the investigation to what led to this brutal assault heats up we're going to talk to a family member of the victim and tell you why the incident is raising tough new questions about ballpark security throughout the country, "early" this thursday morning april 7th, 2011. >>> hi, everyone, welcome to "the early show" here on a thursday morning, i'm chris wragge. >> i'm rebecca jarvis. erica hill is off this morning. we begin with the latest on the budget talks. president obama and