3:29 am in status by L.J. Marhefka
Hey folks! Just a reminder to stop by Columbus Fair Auto Auction on Friday December 3, 2010 for the Car Counselor’s “TARP 2.0″ Program. The event begins at 9 am. Keith Whann promises a great event. Get there as soon as you can! NO RESERVATION IS NECESSARY and there is no charge to participate. Learn more about the event: http://whanntarp.com/
1:11 pm in status by Brad LeBlanc-AOG
I like the new look of Auttr! More options as to where to go fast & what is Auttr for the newcomer checking it out. Way to go!
3:38 pm in Uncategorized by L.J. Marhefka
Visit NIADA Certified at www.NIADAcertified.com
Visit the NIADA Certified – NIADA Certified Used Cars – NIADA Certified CPO Group on Auttr.com. Visit the group at: http://auttr.com/groups/niada-certified-pre-owned-program or CLICK HERE.
For more information on NIADA Certified Vehicles, go to www.NIADAcertified.com.
L.J. Marhefka
NIADA Certified National Trainer
8:28 pm in post by L.J. Marhefka
Here is a copy of the IRS RFC CHECKSHEET
Is the RFC a separate legal entity from the dealership?
Does the RFC meet all state licensing requirements?
Does the RFC maintain proper business licenses?
Does the RFC comply with title and lien holder laws?
Does the RFC have adequate capital to purchase the notes?
Does the RFC have its own address and operate from separate facilities?
Does the RFC maintain its own books separate from the dealership?
Does the RFC have its own phone number?
Does the RFC have its own employees?
Does the RFC compensate the employees directly?
Does the RFC pay its own expenses?
Does the RFC maintain its own bank accounts separate from the dealership?
9:47 pm in status by L.J. Marhefka
The group avatar is up for the Carolina Independent Automobile Dealers Association Group on Auttr.com. Visit http://auttr.com/groups/ciada-dealers for more. THE CIADA!
The CIADA
1:44 am in Uncategorized by L.J. Marhefka
WASHINGTON—President Barack Obama on Wednesday signed into law the most sweeping financial overhaul since the Depression, putting the country on a course toward a more muscular regulatory framework.
The law gives the government authority to take over and liquidate failing financial firms, injects transparency into transactions involving financial instruments called derivatives and will restrict banks from making risky bets with their own capital. It directs agencies to write hundreds of new rules.
But one provision that barely survived will have the most direct bearing on millions of ordinary people’s lives: a new agency meant to protect consumers from abusive financial products, called the Bureau of Consumer Financial Protection.
The proposal was the source of some of the most intense debates in the long struggle over the financial-regulatory overhaul, and the battles are far from over.
The biggest looming one is over who will head the agency, and that heated up this week as liberal groups insisted the White House give the job to Elizabeth Warren of Harvard Law School—whose idea the agency was. Banking groups were urging key senators to oppose Ms. Warren, calling her an activist who would impose policies they argue would hurt the availability of credit, especially for those with low incomes. Click here to read more!
11:42 am in post by L.J. Marhefka
I was speaking with an auto dealer recently who operates a BHPH dealership in the mid-west. He asked me if I would take a quick look at his delivery documents. Instantly, I knew his paperwork was terrible. When asked where he obtained his paperwork, he answered, “from a guy who stops by and sells oil pens, mirror hangers, and tire shine.” Needless to say, he was horrified when I advised that he likely didn’t have sufficient paperwork to legally repossess any of his delivered vehicles (in the event of non-payment). This was somewhat of a problem for the gentlemen since he has over 300 cars on the books.
Where do you get your paperwork? How do you know it is compliant?
If you have a question regarding your paperwork, send a message to me on Auttr.com or an email to lj@ljking.com.
Remember, often doing it right is easier than doing it wrong!
Have a great day!
L.J. Marhefka
L.J. King and Associates
email LJ@LJKing.com
12:18 pm in post by L.J. Marhefka
Well here it is, July 6, 2010. While I enjoy celebrating the 4th of July and all that comes with it, the day also serves as a kind reminder that the year is halfway over. I am never too excited about time flying by – there is too much life to live, fun to have, and cars to sell!
Now to my point. Are you more than halfway to your annual goals? If so, congratulations (or maybe that means you set the bar too low). If not, have you analyzed and assessed your situation in order to understand your results?
If you are like many, you didn’t even put your annual goals in writing! Take a little time today to record your goals for the second-half of 2010. Then create an action plan that will help you achieve your goals.
Best of luck!
L.J. Marhefka
L.J. King and Associates
lj@ljking.com
11:53 am in status by L.J. Marhefka
Thought for the day – Master the basics of your business! While the “basics” are often not sexy, glamorous, or fun, they are essential to your success. Take a few minutes to assess your business to make sure you are mastering the basics.
2:22 am in post by L.J. Marhefka
Frank Myers Auto Named Number One Small Business In North Carolina
A used car dealership in Winston-Salem, NC has been named the “Best of the Best” in the state of NC
PRLog (Press Release) – Jun 25, 2010 – Frank Myers Auto Maxx, a cutting-edge used car dealership in North Carolina, has been recognized as the number one small business for 2009-2010 by Business Leader magazine, a leading business publication focused on the companies, leaders and trends in the North Carolina business community.
Frank Myers Auto Maxx was honored before a capacity crowd on June 24th at a trio of awards dinners held simultaneously in Raleigh, Greensboro and Charlotte, NC. The hugely successful independent auto dealerships, owned by Certified Master Dealer Tracy Myers, realized an astonishing 1-year growth of 22% and a 5-year growth of a whopping 133%. (for more click here: http://www.prlog.org/10760373-frank-myers-auto-named-number-one-small-business-in-north-carolina.html)
