Monday, December 12, 2011

What type of investment is good for cash a business has on hand?

I started a business renting a condo that I own using an LLC. In the next year, I will have more cash on hand for the business and am wondering what a business can invest in to earn some sort of return and also keep the cash liquid for things such as real estate taxes, insurance, maintenance, and other expenses.|||For one condo, the free cash for everything except taxes might be too small to be worth the trouble. But CD's timed to expenses can get you a couple of points. TBills were the usual way, but that is worthless now. At least with CD's the right bank will let you buy and sell them over the phone without filing new LLC papers each time or creating extra recordkeeping expenses for tax time..|||restaurants are good business for cash on hand.

No comments:

Post a Comment