Incorporate- “Why should I incorporate only I can do this business as a sole proprietor, right?”
- “It is complicated and expensive to form a corporation?”
- “I have my business with my husband, we have a society and why we have to have a business.?”

These have to be the most common questions that I – and my own financial and legal advisors – get from our customers. The vast majority of people who operate small businesses or home business owners or partners are kind of mom and pop shop. However, leading authorities on small business estimate that at least 90% of all small business and home business entrepreneurs could benefit from the incorporation and use of a corporation as an essential component of its overall structure the company.

If this is true, why do so many entrepreneurs choose to operate as sole proprietors and general partners anyway? And why would it be better to incorporate?

The answer to the first question is usually either (1) ignorance of the enormous risks of operating in this way or (2) lack of familiarity with corporations and other legal entities and the ease with which you can set. I should add that if the owner is risky, the association is more than twice as bad. This is because the default association is a general partnership in which each partner is responsible for all actions of the company, including decisions made by the other party which did not participate. Now that’s scary!

To answer the second question, we must first establish what a corporation is just. A corporation is an artificial legal entity that is separate from its owner / shareholders in the eyes of the law. The rich have learned that there are at least three main advantages that make the corporation a
essential component of their business structure.

1. Asset Protection.
The most important benefit of society is the protection afforded to personal property.

The company is created when you file the appropriate documents – “Constitutive Act” in the United States – legal state authorities concerned. A corporation can not be formed through a private agreement between the parties decide to form it. It can only come into being by the state that forms its foundation, and has the rights and obligations established by the laws of that state.

The most important thing here is the notion of the corporate veil – this is the shield that separates the business assets and activities of the private person and the assets of the owner / shareholder (s). Because the corporation is a separate legal entity, if you are a consultant or a translator, for example – or own a small shop – and someone says that they have suffered injury to their business (for example, from a mistranslation or a note from a wet floor), and files a complaint, only your business assets are at risk. The applicant can not touch your personal residence or car, if they are not owned by you and your company.

There are significant differences between individual states and the degree of protection that allowed the corporate veil. In California, for example, a number of times – too many for comfort – which has pierced the corporate veil, allowing financial predators to seize personal property of an entrepreneur. This almost never happened in Nevada, making it the state of choice for entrepreneurs seeking asset protection.

We will devote an article to the Nevada corporation in depth in a future issue of this newsletter. It is important to consider for the moment that an additional benefit of the corporation in Nevada for many is that Nevada has no state income tax. If you use a Nevada corporation doing business in their own state out of Nevada (and California, our home state), may still be subject to state income tax. Due to the higher asset protection offered by the Nevada corporation, however, may still be worthwhile for you to establish a Nevada corporation. A large number of businessmen from other countries and other states of Nevada corporations to establish precisely for this reason.

2. The Corporation S Corporation based on the C: Know what is right for you

The issue of personal service corporation is only about the company C. The other type of corporation is an S corporation, which, like the limited liability company and limited partnership is a pass-through entity. This means that society itself is not taxed as an entity – instead of net income passed through to shareholders (for example, a husband and wife), and is taxed at individual tax returns of the shareholders or owners.

There are situations in which the establishment of an S corporation would be preferable to the use of Corporation C. If you have significant income from a job, for example, and you anticipate significant losses in the early years and is not expected that your business will earn over $ 150,000, an S corporation will be your best choice. However, there are limitations on who may be members of an S corporation, and there are limits to the benefits of employees of an S corporation

A sophisticated business structure, probably will use both the C and S corporation Furthermore, due to the nature of business, you’ll never want to use any type of company with real estate. Instead, you must use a limited liability company or limited partnership. However, if you are a real estate investor, there might still be room for a C-Corporation So in the structure of its overall business. For example, a company could be used to manage properties held by another entity.

Or – and this is a strategy that could be used to perform various types of business of the corporation may be part of another business entity. For example, if you wish to operate a limited company, will require a general partner. However, the general partner is responsible for all decisions and all resulting liability – the general partner, in short, has unlimited liability. Thus, a smart choice is to use a C-corporation So to be the general partner. Thus you have a general partner with limited liability associated with the corporation.

3. Knowing how to manage your corporation properly to maintain the corporate veil intact

Regardless of where you establish your business, you will need to ensure that you observe the proper formalities – otherwise the corporate veil can be pierced easily, thus defeating the whole purpose of creation. Even if you have an accountant who handles your accounting and tax returns, is still your responsibility to ensure that you are doing this correctly.

This is the regular meetings and maintaining minutes in his log book, the issuance of rights, and other formalities.

The personal service corporation

A final issue that may arise, particularly for independent consultants, translators and other professionals, concerns the “personal service corporation.” There are two different categories of professionals who may be affected by this problem: those such as lawyers, accountants, psychologists and health professionals, which are required by state laws to include professional corporations. These corporations are automatically classified by the IRS as personal service companies.

In addition, the IRS has broadened the definition of “personal service” to include any work such as translation or consulting, which is personally delivered by the owner / shareholder. This is particularly worrying if you are operating on their own individually or in pairs. If 95% or more of their income comes from work in which the activity of a personal service, the company qualifies as a personal service corporation.

The reason this is of concern is that a personal service corporation incorporated as a C corporation is subject to a flat rate of 35 percent tax and a lower ceiling ($ 150,000) for the implementation of income tax accumulated (usually $ 250,000). However, this is not an insurmountable obstacle to enjoy the benefits of incorporating:
1. First, the advantages of incorporating other is still making the C corporation operating preferable to another structure, as the sole owner. It can be especially attractive if otherwise a pair of high gain may be subject to a higher tax bracket.
2. Second, it is possible to structure their activities so that more than 5% of the activity is derived from the work that is beyond the scope of personal services provided by the owner / shareholder. For example, a translator or a consultant who has a branch of the company involved in network marketing – as a medical professional might have a health food store or the activity of other income, production – so that the company is no longer qualified as a personal service corporation.

As you can see, the corporation is an extremely valuable tool, the rich have used very effectively. If you are operating as an independent contractor and not using a corporation or alternative popular limited liability company, which is hurting yourself more likely, limiting profitability and excessive taxes. With the resources we have available today, especially over the Internet, there is no reason why the average person is not easy to begin to take advantage of this valuable tool. We currently have 3 entities that form us and cost us only the cost of the various resources we buy, the more the fees required by the State of California and shipping costs for this implementation. And we made sure to get the proper forms through sources that list on our Resources page for us to maintain the legality of these entities.

“I can not wait to start as a sole proprietor or partner and incorporate later?” We are often asked.

By the way, if you do not mind exposing all their personal assets at risk, paying higher taxes, and find yourself more likely to be audited by the IRS. Some people prefer to do things the hard way – but, armed with information and adequate resources, there is no reason to have to.

Even if you choose to allow a tax attorney to help with the paperwork, it is better armed with the knowledge you need to judge whether the recommendations made are, in fact, in his best interest.

At least you will know enough to go immediately to the nearest exit if “expert” who see him say “no need” to establish a legal entity to manage your business.

Sunday April 29, 2012 21:04

Roadwork Near Traffic Needs Safety Controls

Road WorkRoads and highways are designed to allow people to travel safely to their destinations. Sometimes the construction or maintenance work may temporarily block or reduce access to the full use of these roads. In cases where workers must control the flow of traffic and do the work in the vicinity of road traffic, the procedures must be followed to maintain the highest degree of safety for workers and drivers and pedestrians.

The work to be performed on or near roads presents risks to workers, drivers, pedestrians, equipment and goods. The number of fatalities, serious injuries, and large amounts of property damage can be greatly reduced through the establishment and enforcement of security procedures for road work.

Each work area is unique and can present several challenges for the establishment of a safe working area. Hills and curved roads reduce visibility from a distance and may require adjustments to the usual procedures. Other adjustments to the standard procedures of the work area may also be required, such as several intersections near the dark, rain or fog conditions, heavy traffic, or even the time of year.

Areas of work safety supervisor must have a hotel which has a clear understanding of procedures and safety regulations and ensure that their employees are complying with these requirements.

All traffic controllers must be properly trained, demonstrate a clear understanding of safety requirements and perform the necessary tasks properly. Both the supervisor in place and traffic controllers must ensure that appropriate signs, markings, barriers, lighting and traffic signals drivers are in place, is used effectively, and are still used until the project is over.

All workers in the work area or intended to come within 12 feet of all mobile traffic will wear a life very visible road safety.
When any part of the project is carried out within 6 feet of moving traffic, a perimeter of protection is established. All work will take place within a perimeter marked with cones, traffic barriers suitable and appropriate signs. Workers must not cross this boundary for the traffic lane. All vehicles, construction worker staff and therefore must be parked on the same side of the road work to eliminate the need for workers to cross the path of normal traffic.

Vehicle traffic should be advised that an area of ​​work lies ahead, not only to alert drivers to be aware of the dangers, but also warn them that changes lanes, detours or roadblocks may appear temporarily. Warning signals should be placed in advance of the work area. One to three signs placed in both directions from the work area may be required to adequately warn drivers. The first warning signal should be placed from 300 to 500 feet from the start of the work area. Among the additional signs must be placed every 100 to 250 feet depending on environmental conditions. In tight turns, rolling hills and heavily congested areas, signs should be placed closer. The signs must clearly indicate the danger: a “standard bearer” (air traffic controller) sign should be used if a flagman is used. A “lane closed” or “Merge to single lane” sign should be used if there is a setup. Reflective signs and / or light must be used if the signs are that remain posted after sunset. Warning signs should also be placed at the intersection of streets or intersections within the traffic control zone. The signs must be visible to drivers on parked vehicles and other obstacles. Signs should always be removed if your message does not apply to the control area of ​​work.

Transition zones or moving traffic away from its normal route is very dangerous, causing the greatest number of accidents involving workers. Transition areas also create potential problems of accidents for drivers due to confusion, frustration and the “stop-and-go” traffic mode. Vehicle traffic flows much better if given adequate warning and drivers respond to the warnings.

The traffic control plan must provide the right setting and preparation for using it. The taper length must be carefully designed, appropriate signs posted, the selected geometry, and remains critical spaces. The appropriate number of cones should be implemented and properly spaced. It is very important that the tapered design and components checked regularly to ensure that signs and cones are replaced after being knocked down or thrown out of place.

The role of channel devices are to warn and alert drivers of hazards created by construction or maintenance activities in or near the path of traffic, protect workers in the work area, and to guide and drivers and direct pedestrians safely past the hazards. Channel devices include cones, vertical panels, drums, barricades and barriers. Using channel devices is part of the overall traffic control plan that is developed by the supervisor on site to maintain safe and orderly flow of traffic through and around the work area. Placing the channel devices must provide a smooth and gradual transition in the movement of traffic from one lane to another in a bypass, or in reducing the width of the path of traffic. They must be constructed so as not to cause any undue harm to a vehicle that strikes them without realizing it.

A merging taper is used to close a lane on a multilane highway and direct traffic in the closed lane to merge into the adjacent lane. The proper length should be provided to motorists to locate a gap in the traffic flow adjacent to and enter it. The taper should be long enough for drivers of oncoming vehicles side by side is long enough to fit in their respective speeds and merge into one lane before the end of the transition.

Where the work area must remain intact during the hours of darkness, all channel devices and barricades must be marked with reflective material and, where possible or necessary, with light. Flashing lights should be added to the barricades are used separate lights and constant added to the barricades in the series are used as channel devices.

Friday April 27, 2012 18:57

Small business and Golf

Small-BusinessGolf courses vary. Some are beautiful landscapes, some are links undulating cliff tops and some are an extension of mixed grasses, shrubs and trees, as well as enterprise environments. How would you describe your trading conditions as to the golf courses?

As a small business owner, we will assume that you are a golfer, play a game in your niche market (golf course). It begins in the clubhouse with its Business Plan, Marketing Plan and Operational Plan. A few competitors, the use of designer clothes, expensive cars come in and park. These are just distractions.

As you approach the tee for the first hole, you notice other players scattered around the market. As they struggle to defend his golf bag upright and remove the great forest there is a nearby electric buggy. “I have to update my working tools,” he murmured.

The small business must have goals. You know how many shares in the operating cycle. His company makes an announcement, send a brochure, processing an order, bank money, goods delivery and starts the customer plan. In this example, only six ongoing processes.

After his first tee, the next follow-up of the former to reach the sixth green. In case of any stroke become obsolete, their game plan hits you with growing expenses. You need different skills with each stroke.

Are you going in the group of trees, blind, or do not play to where you see the terrain? Placing ads in a new medium is like going through the trees, you are not sure of the result, while choosing to encourage customers to increase their spending existing or repeat another purchase is definitely on the street.

Their literature must be related to their skills and knowledge and the effectiveness with which to play this course, highlight all the risks difficult.

Do not be hesitant about what equipment to use. Note the important information in his score card before moving on to its green side.

Your USP is to deliver the course. You will benefit from improving old equipment, but will play more effectively when you have regular access to the Club Professional, albeit briefly.

Playing golf alone is not recommended, so a business person needs to speak with an understanding partner. It regenerates business thinking on the key issues and help solve problems.

There is a concept that new knowledge must be verbalized to another before an individual links in memory. That’s why we talk opens up new ideas.

Do not blame the designers of courses, weather, clubs age or state of mind if your game is not as good as its competitors. Keep a positive attitude, improving their knowledge and skills of the game and be aware of what other players are finding effective.

At the end of each round, look at the scorecard. Identify where you can improve. If you just improve the 5% of stroke play, every week within 20 weeks of their business has changed.

Wednesday April 25, 2012 15:53

First Aid Is Important For The Workplace

First AidThere are four main components of workplace first aid, namely: first aid, first aid, safety, first aid room and first aid equipment. When deciding on the number of first aid, first aid kit, first aid room and first aid equipment for the workplace, the following factors should be considered: type of industry, the number of workers, the number of shifts work, and location of the workplace in relation to the nearest hospital or aid station.

If there is a shift work schedule, must have a sufficient number of first aid for each change of base. In a workplace where employees of different companies, such as construction, are working together. The principal employer shall provide and maintain safe systems of work, including arrangements for first aid kit, adequate and appropriate first aid, first aid room (if necessary) and first aid kits.
However, employers can make arrangements where one of them is committed to providing adequate and appropriate first aid, first aid kit, first aid room (if necessary) and first aid equipment. The agreement must be in writing and a copy of the agreement must be kept by each employer concerned.

The employer must display a notice in a prominent place in the workplace, the names and locations of first responders. First aid must also have an ID for easy recognition. The employer shall, from time to time, recruit or select the right people to go to the first aid training. The employer must consider the people with the following qualities to be trained in first aid: physically fit, free from infectious diseases transmitted by blood, and without leaving your job to respond immediately to an emergency

The training will be a first aid course conducted by institutions recognized by a governing body. The local telephone directory business ads will have many training courses. Depending on the number of students, it will come to your workplace. Once trained, first aid personnel should be re-certified. Call for granted that in the years of validation. Employers must keep records of the dates on which responders obtained training and the dates they received refresher training.

In the management of a worker injured or ill worker, rescuers should:
Give immediate first aid, taking into account that a victim can have more serious injuries and illness
Promptly arrange for the injured worker (s) to be sent to a doctor,
hospital or at home, according to the severity of the disease.
This first aid responsibility ends when the wounded are delivered to health care personnel.

A record of the injury and treatment given by the lifeguard must be done.
This record shall be kept by the employer for a period of five years.
The record must include information on:
Immediate treatment
Details of the incident / accident, including information on the process of work involved
Details about the injury or illness related to work
Any arrangement made reference, such as the use of local ambulance service, referral to a local hospital
Treatment of posterior lesions.

First aid boxes should be of durable material and be portable so it can be brought to the site of an incident. The boxes should also be clearly marked and kept up to date with a written record of the contents. Each first aid box should be placed in an area clearly marked. When a workplace covers a large area, an appropriate number
First aid boxes must be provided. Employees must be informed of the location of all first aid boxes.

First aid boxes should contain a sufficient quantity of suitable first aid materials.
Oral medication should not contain any other than those required for first aid treatment. It is essential that first aid kits should be checked frequently to ensure they are fully equipped and all elements can be used. The materials used must be replaced as soon as possible. The size and contents will be determined by the number of employees and type of industry. In the first aid box is a good idea to have a quick reference sheet and a first aid booklet. A quick reference sheet is very useful for rapid analysis of injury. Send one and we can e-mail one.

Monday April 23, 2012 12:44

Making Gold from Scrap

Customer SatisfactionNucor’s business is not new and sexy. In fact, it’s like the rust belt as it comes: melt steel scrap to produce new steel. What is surprising about Nucor is not the business, but they are in their results.

How 387% return to shareholders over the past five years sound? That’s better than Amazon, Starbucks and eBay. Since the 1980 has become the largest steel company in the U.S. In 2005 made $ 12.7 billion in sales, an increase of $ 4.6 billion in 2000. Revenues were $ 1.3 billion against U.S. $ 311 million in 2000.

The secret? This radical vision of its legendary leader F. Kenneth Iverson: employees, even hourly clock-punchers, will make an extraordinary effort if you reward them richly, treat them with respect, and give them real power. Sounds like something in the service sector might be able to learn.

In a recent article in Business Week:

“At Nucor the art of motivation is an unblinking focus people on the first line of the company. They are talk to them, listen, take a risk on their ideas, and accept the occasional failure.”

Lot of people talk about training employees and payment of benefits, Nucor is not just words. Base hourly wage at Nucor is about $ 10 per hour compared with other companies that average $ 16 to $ 21. However, a bonus tied to steel production free of defects made by the change of the worker, can triple the average $ 30 in Nucor. A bad job is also punishable. If a bad batch is caught before leaving the plant loses the turn of the bonus on that lot. If the defect can not be caught until it reaches the customer, they lose three times that amount.

Thinking about this plan only works with certain employees? Nucor has applied to several sites acquired with great success. Do not force new employees to switch immediately to a new payment system, you just start posting what the employee would have. It does not take long for employees to demand change even though production at the facility goes up.

That’s just part of how your business Nucor. Also listen and take risks on employee suggestions, this is not a command and control kind of place. This is a place where people passionately working together, being rewarded for their successes and feel the responsibility of failure. Natural consequences.

Administrators are in the same boat compensation. The change, a plant or company does well and get credits to offset your salary less than the industry standard. If things go well, then feel the pinch.

It all makes sense and this company is definitely has the Midas touch.

Saturday April 21, 2012 09:47

Finding Qualified Buyers for your Business

FranchisingYou’ve worked hard to grow your business into a successful business. Now he wants to sell it and reap the benefits all these years of hard work. There are many questions involved with selling a business, but most importantly: How to find qualified buyers?

Some people say the number of buyers who are interested in buying your business is more important. Others say that the quality of the purchasers is important, regardless of the quantity. But the correct answer is both are very important. Here’s why:

If you are 50 buyers interested in your business, then you have a lot of quantity. But if you are selling a business making $ 1,000,000 and buyers can only afford a business that costs less than $ 300,000, or if all prefer a service business, this “quantity” of buyers is a waste of time . You will spend hours talking with unqualified buyers about your business when they have no interest in actually buying it.

On the contrary, says that only 2 buyers interested in your business and are looking to spend at least $ 1,000,000 in a manufacturing business. You have good buyer “quality”, but not enough. On average, it takes at least 10 or more qualified buyers to look for your business before you can reasonably expect to sell it. And the more buyers you have looking at your business, the higher the sale price is usually.

In short, buyers are more qualified than looking at your business, the faster you will sell your business and more money you will make in the sale. But how do you get the quantity and quality of buyers interested in your business? The key is to use various effective advertising methods that will not cost a fortune.

Word of mouth advertising

This method of advertising is very irregular and should not be considered a core form of advertising. By their nature, their business is exposed to a very limited number of buyers who probably are not qualified. As a result, this method of advertising provides neither the quantity nor the quality, which makes it very inefficient to help you sell your business.

Classified Ads in the local newspaper

The old fashioned method of advertising a business for sale was to place a classified ad in one or more newspapers and wait long enough qualified buyers to step on it. This method is not very effective, since you only have a few lines of text to tell their full story and attract interest in your business. This not only reduces the total number of buyers, but also end up wasting time on a large number of qualified buyers. As a result, classified as not very effective at generating a high quality or quantity of the buyers.

Business Brokers

Business brokers tend to be very professional and knowledgeable in the art of buying and selling a business. Plus they are experts in helping sellers sell their business. It will prepare your business for sale and manage all discussions with buyers on your behalf.

Also, the agent will help generate interest in your business buyers through its relationships with other brokers, and a list of your business for sale on their website.

However, for maximum quality and quantity of buyers interested in your business it is best to complement the services of a broker additional advertising efforts. You can do this either in conjunction with the efforts of the corridor, or on their own.

Online markets

Currently the most effective method of achieving both greater quantity and quality of buyers interested in your business is advertising an online business for sale market. These markets are sought after by hundreds of thousands of shoppers each month, and can generate an amazing amount of interest in your business.

There are many online marketplaces to choose from, but they are far from equal. Some have inadequate search functions, which means as purchasers will decrease. The best search functions offered by the site, shoppers can find more precisely what they want. And when a buyer finds your business, you know they are highly qualified.

Other business for sale market are interested only in collecting listing fees for you, regardless of whether or not they help you find a buyer. These sites charge a monthly contribution that is not linked to the performance of any kind. As a result, it may or may not bring any qualified buyers, and you really have no incentive to do so.

The most effective business for sale market put their money where their mouth is and only charge the vendors on a pay for performance. With these sites to market your business for sale on the site and appears in search results when buyers search for a company that meets your criteria. However, you are only charged a small fee, if the buyer clicks on your ad and views of its details. And you can set your own budget to determine the number of buyers you want.

Performance-based markets are very efficient and very effective because you get exposure to as many buyers of the highest quality, but you do not pay if no qualified buyers see your ad.

Thursday April 19, 2012 21:37

The Publishing Business

BusinessThe publication is a fascinating business and the process that goes into the production of books and periodicals is very interesting. These days, the world of digital information and the Internet upon us, the scope of the publication now includes web sites, blogs and the like.

From a business perspective, publishing is not just the printing of literature or information, but also promoting the development, marketing, distribution and even printed works. It is as simple as it seems.

The publishing process begins with the written work or a copy. Many aspiring and unpublished writers often submit manuscripts to publishers in hopes of seeing the light of print. These end up in a slush pile to sift through the editors, and most of these contributions are often rejected. Usually, books and magazines of the Commission copies of publishers known and established writers, and unsolicited works have very little chance of being published. The prudent thing for a writer to do to be published must first submit a query or a proposal. It also helps if you have a literary agent who has access to major publishers.

Once an editor accepts a job, then negotiations with the author or his agent will begin on how much to pay the writer of “intellectual property rights” and “royalty rate.”

Once the business and legal issues are resolved, the next step is the drafting stage where writers are asked to rewrite or improve their manuscripts before they reach the editors of the publication, no more editing the work.

The next stage is called pre-press and that is where the design and artwork (including photos) was decided. Other processes are typesetting, dust jacket composition, deciding on the paper quality, binding method, the casing, and proofreading. Once done, work can now proceed to printing. Interestingly, most major magazines and newspaper publishers have their own printers, publishers of books, but this rarely happens.

The editor’s job does not end with the publication of the book. This is followed by advertising and other marketing efforts, including distribution. There are times when the publishing process to the stage of printing is handled by an independent company or individual before selling it to the publisher. This is known as packaging book.

Tuesday April 17, 2012 18:30

Small Business Structure- The Canadian Way

PartnershipI was approached by a customer the other day with a question he could not answer. He has a small construction company and was looking for a partner to win large contracts, and wondered how to go about doing that. I had to tell could not give advice on structuring a small business, because I am not a lawyer or an accountant, but I knew I could give you the information, so I started to investigate.

I knew from creating my own company about the various structures Canadian small businesses can use. I thought that your choices are limited to the exclusive property of association and incorporation. There is also a cooperative, but that does not apply to my client. I figured the best way to help him out would be to define and give the advantages and disadvantages of each.

Individual companies are owned by an individual, and is legally considered an extension of yourself. This means that no liability or obligation incurred in their business is also a personal responsibility or obligation. Therefore, if your sole proprietorship fails, your personal property can be seized to pay for that responsibility for the obligation. I’d say that’s a very big disadvantage. On the positive side, however, individual firms are the easiest to configure, and not even have to be registered if its name is exactly the same as your own.

An alliance is an agreement between two or more persons to do activities together. Partnerships are a separate legal entity from you, and must have at least one general partner. All members can be general, but there must be at least one general partner. Partnerships are relatively easy to configure, but although not a requirement, the parties must have a contract between them which describes the responsibilities and obligations.

A general partner is responsible for business decisions, management of the company and act on their behalf. Each general partner is jointly and severally liable for the debts of the partnership. This means that a couple is responsible for decisions, debts and obligations of the other partners. Strike one against general partnerships, I think.

What about a limited partner, then? Limited partners are not involved in decision-making or in day to day business. Generally, the contribution of a limited partner is finance, and their responsibility is limited to the amount invested in the company. What this means is that basically have no say over how the money invested is used, which means they have zero power. And, when a limited partner becomes involved in running the business or acting on behalf of the company, become a general partner.

A corporation is an entity separate from yourself, which means they have no personal liability for debts, obligations or acts of the company. You are not personally liable for any decision of another person in the company does, and you are solely responsible for the amount of the unpaid portion of shares held. Sounds pretty good so far.

Limited liability is a big advantage over other forms of small business structure. And there are more advantages. Companies continue to exist after death and its shareholders can be transmitted to family members or friends. Fundraising is easier for a company that is sole proprietorship or partnership. There may also be tax advantages.

What are the disadvantages? Well, there are more documents because you are required to keep records and you must file a separate tax return. It costs more to register a corporation that the creation of a sole proprietorship or partnership. And, if given a personal guarantee that banks often ask, you may be liable for that amount, even if your company ceases to exist.

I thought my client’s choice is limited to three options, but subsequent investigation proved him wrong. There is no other: joint ventures. A joint venture is as a society, because it is an agreement between two or more individuals or small businesses, but there are important differences. In a joint venture, two or more people provide goods, services or working capital to the company. To date, Canada has no specific laws governing joint ventures, as it does with all other forms of small businesses.

A joint venture agreement describes the terms of joint ventures, the contributions of each party, the management structure and how the profits are divided. Joint ventures avoid the inconvenience of the association of joint and several liability, and also allows each participating company to regulate its own tax deductions. That’s a big advantage for joint ventures.

However, a joint venture has sometimes been defined by the absence of key elements of collaboration. This means that small companies wishing to enter into a joint venture agreement must thoroughly understand partnership elements and avoid using them to avoid being seen as a partnership rather than a joint venture. What might have begun as a joint venture could lose its advantage of joint venture to be considered as a partnership, and inherit the disadvantages of a changing society.

You can enter a joint venture, which would have the same advantages and disadvantages of any corporation. And would the advantages and disadvantages of a joint venture. Could be the best solution?

HelmetEach year, mainly in the construction sector, workers are killed or injured in a head injury. If a helmet takes the chances of being seriously injured are greatly reduced. Using one can save a life workers.

Where there is a risk of objects falling from the head protection should be up and in many cases required by law to be used. Who is in charge of a construction site or workplace safety requires personal safety helmets. The placement of signs also let anyone know that safety helmets are required in the area.

Helmets must be worn correctly and instructions on how to use them should be known to all. Many companies provide their employees with safety helmets, but it should be known that they provide.

Helmets come in a variety of designs and it is important that the correct type is provided for the work to be done. Contact a supply house or even contact the manufacturer directly if there is doubt. A helmet fits properly should be the size of the housing suitable for the user and a headband easily adjustable, neck and chin strap. The adjustment range size should be large enough to accommodate thermal liners used in cold weather. Helmets should be as comfortable as possible, or the possibility of not using the increases.

Whenever possible, a helmet should not hinder their work. Helmets removed for a moment to review a measure can be tragic. Chin straps must be provided and used if the job involves work in windy conditions or if not repeated bending or looking up.
Helmets must be compatible with any personal protective equipment such as eye protection. The design must allow them to be worn comfortably to maintain its effectiveness. The manufacturer’s label will tell the helmet compatibility with other safety equipment types. Do not modify your helmet as this may weaken the hull.

Safety helmets must be maintained to remain healthy. They should be stored in a safe place. Constant direct sunlight can destroy the hull. Make sure the helmet deep scratches or cracks; if severe replace the helmet. Check the manufacturer’s label for replaceable parts. Painting and label placement can weaken the helmet as well. The life of the town varies in its use, the helmet can last a week or more years. If an object has beaten the helmet, replace it.

Friday April 13, 2012 12:20

Hold That Hold…Please!

TelephoneIt never fails.  Whether ordering a pizza or making a doctor’s appointment, I hear it almost every time.  “Can I put you on hold?”, they ask.  Before I have a chance to even answer…I am on hold!  What just happened?  Was it a rhetorical question?  Why even give me the option?  Why not just say, “Welcome to XYZ, where we promptly put you on hold!”.

Some people hate automated phone systems, but not me. I like to be informed of where I stand in any given situation.  I would rather have an honest computerized voice telling me I will have to wait (and also likely telling me for approximately how long), than to encounter a real life human being who will tease me with a choice and then make the decision on my behalf in a split second.  Imagine if everyone you encountered operated this way.  You might be standing in line at a fast food restaurant and be asked if you’d like to try a new item on the menu they are trying to push.  Before you have time to think, you’re being charged for it while it stares at you from your tray.  You might be at the theater seeing a play or musical.  Instead of, “Would you like to buy a program?”, you get the same question followed by a hand in your wallet or purse rabidly searching for your billfold.

I guess the real aggravation is that I really don’t want to hold, and businesses know that.  “Can I put you on hold?” is a nice way of saying, “Do you want to hold, or just hang up and try back later?”.  Have you ever met anyone who wants to hold?  Has anyone ever asked you if they could call you and have you put the phone down for an hour or two as a birthday present?

I just want a little more honesty, that’s all.  If you can’t automate your phone system, at least hire enough people during peak business times to facilitate your customers and have the necessary phone equipment to handle the call volume.  i think either of those are welcome alternatives to asking me if I’ll hold.  If not, I may be forced to simply “hold” onto my money and go elsewhere.