S Corporation   An S corporation (sometimes referred to as an S Corp) is a special type of corporation created through an IRS tax election. An eligible domestic corporation can avoid double taxation (once to the corporation and again to the shareholders) by electing to be treated as an S corporation. An S corp is a corporation with the Subchapter S designation from the IRS. To be considered an S corp, you must first charter a business as a corporation in the state where it is headquartered. According to the IRS, S corporations are "considered by law to be a unique entity, separate and apart from those who own it." This limits the financial liability for which you (the owner, or "shareholder") are responsible. Nevertheless, liability protection is limited - S corps do not necessarily sh... 09/30/2012

SBA Financial Assistance Eligibility   The types of businesses that are eligible for financial assistance from the SBA, must: Operate for profit Be engaged in, or propose to do business in, the United States or its possessions Have reasonable owner equity to invest Use alternative financial resources, including personal assets, before seeking financial assistance Special Considerations Special considerations apply to some types of businesses and individuals, which include: Franchises are eligible except when a franchiser retains power to control operations to such an extent as to equate to an employment contract. The franchisee must have the right to profit from efforts commensurate with ownership. Recreational facilities and clubs are eligible provided: the facilities are open to the ... 09/30/2012

SBA Loan Application Checklist   Once you have decided to apply for a loan guaranteed by the SBA, you will need to collect the appropriate documents for your application. The SBA does not provide direct loans. The process starts with your local lender, working within SBA guidelines. Use the checklist below to ensure you have everything the lender will ask for to complete your application. Once your loan package is complete, your lender will submit it to the SBA. Read more about the SBA loan application process. SBA Loan Application – To begin the process, you will need to complete an SBA loan application form. Access the most current form here: Application for Business Loan - SBA Form 4. Personal Background and Financial Statement – To assess your eligibility, the SBA also requires you... 09/30/2012

SBA Loan Application Checklist Once you have decided to apply for a loan guaranteed by the SBA, you will need to collect the appropriate documents for your application. The SBA does not provide direct loans. The process starts with your local lender, working within SBA guidelines. Use the checklist below to ensure you have everything the lender will ask for to complete your application. Once your loan package is complete, your lender will submit it to the SBA. Read more about the SBA loan application process. SBA Loan Application – To begin the process, you will need to complete an SBA loan application form. Access the most current form here: Application for Business Loan - SBA Form 4. Personal Background and Financial Statement – To assess your eligibility, the SBA also requires you co... 09/30/2012

A Dairy Queen Blizzard that is on Miracle Treat Day-July 26, 2012 A cool treat to beat the heat and help kids! Purchase a Blizzard Treat at participating locations and $1 or more will be donated to your local CMN Hospital.  In addition to that, for the first time ever, your Facebook RSVP to Miracle Treat Day will also be matched with a $1 donation to the cause—up to $50,000. RSVP here on Dairy Queens Facebook Page       07/25/2012

  Diamond Hill Historic District   Lynchburg VA has several Historic Districts and Diamond Hill Historic District is perhaps the most restored historic district and most diverse of all the Lynchburg Historic Districts.       The Diamond Hill Historic District is located between Church and Grace Streets in Lynchburg, just off the expressway (US 29 - Bypass).  Diamond Hill was one of Lynchburg’s most prestigious neighborhoods at the turn of the century with a rich selection of architectural styles including, Gothic, Colonial Revival, Italianate, Greek Revival, Georgian Revival, Queen Anne, and Stick style homes.       A short History of Diamond Hill Historic District   Diamond  Hill Historic District overlooks downtown Lynchburg, originally it was farm land when slowly it was divided up i... 07/07/2012

Upgrades Galore: 3 Bedroom, 2 Bath Brick Ranch Overview Maps Photos $154,900 Single Family Home Main Features 3 Bedrooms2 BathroomsInterior: 1640 sqftLot: 0.45 acre(s) Location 1031 Moreview DrLynchburg, VA 24502USA To get updates on open home dates and other property events, please click the "Like" button below: Debbie Malone Realtor RE/MAX 1st Olympic Realtors(434) 546-0369debbiemalone@remax.nethttp://www.my-lynchburg-home.com Listed by: Debbie Malone, RE/MAX 1st Olympic Our recent listings Upgrades Galore: 3 Bedroom, 2 Bath Brick RanchGreat Starter Home: 3 Bedroom Ranch in Madison HeightsBeautiful Country Home on 5 Acres - HUGE Detached Shop & GarageJust Reduced: Campbell County Ranch $113,900 Subscribe to our listing feed Nearby properties for sale WONDERFUL Move In Ready 3 Bedroom... 03/16/2011

    The Concert Choir of William and Mary will be performing a free concert in Lynchburg, VA on March 21, 2011 at Peakland United Methodist Church The concert is open to the public and starts at: 7:30 PM The church is located at: Peakland United Methodist Church 4434 Boonsboro Road, Lynchburg VA For more information, please call: (434) 384-2791   The College of William & Mary is located in Williamsburg, VA 03/09/2011

$64,900 - NEW LISTING: 106 Yeardley Ave, Lynchburg VA $64,900Location: WestoverThis is a large 4 bedroom, 2 bath home with low maintenance vinyl siding. Currently set up as two apartments it could be converted back to a single family home or offset the mortgage payment with a tenant. Original hardwood floors, there is a bonus room off of the main level kitchen that could be a breakfast room or home office. The front porch run the entire length of the house, there is an entrance to the backyard and a back alley for off street parking. Located on the bus line and close to shopping. The home needs work and is priced $22,000 below tax assessment.Contact Information Debbie Malonedebbiemalone@remax.net(434) 546-0369ABR -Accredited Buyer RepresentativeASP -Accredited Staging Professional Realt... 03/04/2011

Chestnut Hill Area, Close To Shopping Overview Maps Photos $119,900 Single Family Home Main Features 3 Bedrooms3 BathroomsInterior: 1921 sqftLot: 24 sqft Location 5019 Oxford StLynchburg, VA 24502USA To get updates on open home dates and other property events, please click the "Like" button below: Debbie Malone Realtor RE/MAX 1st Olympic Realtors(434) 546-0369debbiemalone@remax.nethttp://www.my-lynchburg-home.com Listed by: Debbie Malone, RE/MAX 1st Olympic Our recent listings Nice Brick Home in Chestnut Hill AreaStonewall - 1048 Brigade Pl, Forest, VABeautiful Country Home on 5 Acres - HUGE Detached Shop & Garage2700SF Retail Building & Additional LotGreat Starter Home: 3 Bedroom Ranch in Madison Heights Subscribe to our listing feed Nearby properties for sale 01/11/2011

    New listing presented by Pat Preston-42 Lime Rock Rd. 2 acres-3BR*2BA-$146,500 MLS#263826-1375 SQ FT. 3 BR*2BA DIRECTIONS:Timberlake Rd to left on Waterlick Rd. towards Lawyers Rd, right on Lime Rock. Home faces Waterlick Rd. OR Rt.29S to right on Lawyers Rd.,Right on Waterlick Rd.to left on Lime Rock. House faces Waterlick Road but rear driveway is on Lime Rock.   Totally remodeled. Brookville schools. 2+ acres. This Brick ranch has just received a face lift and now has a new eat in Kitchen, main level laundry room, new replacement windows, new HVAC system, new roof, new plumbing, new electrical,new hot water tank, new insulation, and a new deck right off of the dining area. A full unfinished basement adds a clean and dry storage area, work room area or is ready for you to finish i... 12/28/2010

Winter  is back with a vengeance and snow is on its way.......are you prepared? Last December, a 90 minute drive from Virginia Tech to Lynchburg turned into an 8 hour adventure to get home safely the next day. It started snowing shortly after the graduation ceremonies ended and we were caught in the worst snowstorm we've experienced since we moved to Virginia. Blinding snow fell for hours and cars couldn't make it up hills, they were abandoned on the side of the road, trucks blocked on-ramps to highways and hundreds of people were stranded on the interstate. After hours of creeping along the streets of Blacksburg, we were fortunate to find a hotel room for the night. Be prepared for what is coming: Visit the ready.gov Winter Weather website for more information: Step 1: Get a Kit For Yo... 12/15/2010

I was lucky enough to be invited to tea at The Ploughcroft Tea Room on their Grand Opening day, December 11th, 2010. The Tea Room is located in one of the historic buildings on Commerce Street that has been totally renovated. Singers from The Victorian Society at Liberty University performed Christmas songs, there were readings from Charles Dickens Christmas Story and several vocal performances.    We enjoyed a leisurely afternoon cream tea with tasty scones in a beautiful English setting. I've been to the tea room for lunch and highly recommend the Cornish Pasty and the Fruit Crumble with English Custard AND reservations. The tea room is already a popular destination and it fills up fast. Conveniently located across from Estate Specialists. Address: 1215 Commerce St. Phone: (434) 832-7... 12/13/2010

One of the wonderful things about this time of year is the old fashioned Christmas Parade held in historic downtown Lynchburg, Virginia. The 50th Annual Christmas Parade took place on a snowy night in December and featured over 80 entries- floats representing various clubs, groups and organizations, marching bands, antique cars and much more. One group I'm involved with is The Seven Hills Jeep Club and this was their entry:   Interested in off-roading? Whether you like to crawl over rocks or own a stock jeep, there's room for drivers of all skill levels. The group gets together for monthly trips, meetings are held the third Wednesday of every month at the building next to the Harley Dealership on Timberlake Rd, Lynchburg VA.   Call Jason Baker at (434) 610-6758 or email   Info@sevenhill... 12/12/2010

Just Listed Overview Maps Photos $125,900 Single Family Home Main Features 3 Bedrooms3 BathroomsInterior: 1921 sqftLot: 24 sqft Location 5019 Oxford StLynchburg, VA 24502USA To get updates on open home dates and other property events, please click the "Like" button below: Debbie Malone Realtor RE/MAX 1st Olympic Realtors(434) 546-0369debbiemalone@remax.nethttp://www.my-lynchburg-home.com Listed by: Debbie Malone, RE/MAX 1st Olympic Our recent listings Just ListedBANK OWNED BARGAIN- 3 Bedroom Ranch in Madison HeightsStonewall - 1048 Brigade Pl, Forest, VALarge Three Bedroom End Unit in WyndhurstNew Listing: Campbell County Ranch $122,900 Subscribe to our listing feed Nearby properties for sale 11/30/2010

Large Three Bedroom End Unit in Wyndhurst OverviewMapsPhotosDescription $149,900 Townhouse Main Features 3 Bedrooms2 Bathrooms2 Partial BathroomsInterior: 2033 sqftLot: 0.35 acre(s) Location 763 Wyndhurst DrLynchburg, VA 24502USA To get updates on open home dates and other property events, please click the "Like" button below: Debbie Malone Realtor RE/MAX 1st Olympic Realtors(434) 546-0369debbiemalone@remax.nethttp://www.my-lynchburg-home.com Listed by: Debbie Malone, RE/MAX 1st Olympic Our recent listings New Listing: Campbell County Ranch $122,900CAMPBELL COUNTY BRICK RANCH- WITH APARTMENT165 Avery Ln, Madison Heights VARemodeled Brick Ranch in Richland HillsCUTE, CUTE, CUTE Cape with 2 Bedroom Apartment! Subscribe to our listing feed Nearby properties for sale 11/03/2010

SOLD!!! Overview Maps Photos Description $199,900 Single Family Home Main Features 3 Bedrooms2 Bathrooms1 Partial BathroomInterior: 1852 sqftLot: 0.12 acre(s) Location 103 Wyndpark CircleLynchburg, VA 24502USA To get updates on open home dates and other property events, please click the "Like" button below: Debbie Malone Realtor RE/MAX 1st Olympic Realtors(434) 546-0369debbiemalone@remax.nethttp://www.my-lynchburg-home.com Listed by: Debbie Malone, RE/MAX 1st Olympic Our recent listings 165 Avery Ln, Madison Heights VACAMPBELL COUNTY BRICK RANCH- WITH APARTMENTRemodeled Brick Ranch in Richland HillsCUTE, CUTE, CUTE Cape with 2 Bedroom Apartment!JUST REDUCED in Stonewall - 1048 Brigade Pl, Forest, VA Subscribe to our listing feed Nearby properties for sale 10/05/2010

FIVE BEDROOM HOME IN WYNDHURST Overview Maps Photos Description $229,900 Single Family HomeFor Sale Main Features 5 Bedrooms3 BathroomsInterior: 2024 sqftLot: 0.11 acre(s) Location 104 Wyndpark CircleLynchburg, VA 24502 To get updates on open home dates and other property events, please click the "Like" button below: Debbie Malone Realtor RE/MAX 1st Olympic Realtors(434) 546-0369debbiemalone@remax.nethttp://www.my-lynchburg-home.com Listed by: Debbie Malone, Realtor Our recent listings JUST REDUCED - One Level Ranch- Rocking Porch, Garage, Storage ShedBeautiful Country Home on 5 Acres - HUGE Detached Shop & GarageFIVE BEDROOM HOME IN WYNDHURSTEnglish Style Home in Golf CommunityJUST REDUCED in Stonewall - 1048 Brigade Pl, Forest, VA Subscribe to our listing feed See more Lynchburg, VA ... 06/30/2010

 New listing-3694 Depot Rd. Lynchburg Va. -830 sq ft. 2BR*1BA-$99,900 MLS#259523 Full basement w/laundry area-new everything! Heat pump/vinyl replacement windows/roof/plumbing/electrical/insulation/carpet & vinyl flooring/interior doors/vinyl exterior/foundation to be stucco/pebbles to be placed under new deck/it is a doll house! VIRTUAL TOUR   ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ IF YOU ARE LOOKING TO BUY OR SELL A HOME IN THE LYNCHBURG OR SURROUNDING COMMUNITIES  CHECK OUT MY WEBSITE FOR ALL THE CURRENT LISTINGS OR GIVE ME A CALL AT Pat Preston RE/MAX 1st Olympic Broker/Owner ABR, CDPE, CRB,CREA,CRS,GRI,SRES 434-841-9001 PATPRESTON@REMAX.NET MY WEBSITE www.patprestonrealtor.com CLICK ON THE LINKS BELOW TO FEED A HUNGRY FURBABY CLICK ON THE BREAS... 06/08/2010

I receive calls every week from buyer's who are relocating to the Lynchburg, Virginia area and are in a difficult situation.  They  have homes for sale in another state,  can't purchase until that one sells and have jobs to start.  It's a challenge to find  housing on short notice and for a short term and I haven't been able to direct them to an affordable lease. I recently met with the leasing agents at Old Mill Townhomes and took a tour of their community. Old Mill is located off  Graves Mill Road close to major shopping centers, entertainment, restaurants, schools, churches, colleges, Liberty University and major thoroughfares.  The community offers affordable and spacious one, two, three, and four bedroom townhomes.    Current rates are: one bedroom- $596                            ... 03/24/2010