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Will You Add? - The Types of Business Organizations Part 2
Internet usage for employee recruitment has come about through a few channels. In an effort to retain customer (and advertiser) loyalty, newspapers have developed online versions that include the "help wanted" ads which have long been their bread and butter. At the same time, sites like Monster and Career Builder have become major resources for both employees and employers, each site warehousing mil
Could you hope to live without a career all life despite inheriting a legacy? Career is not just about living out of inherited money, nor is it limited to earning livelihood. Holistically speaking it is the progression of ones working or professional life. Career indeed means a lot these days. Nowadays, parents start grooming their children from the day one she starts her education, guide and help t
Like the unlimited liability entities, these limited liability entities have pros and cons. First, and most obviously, these limited liability companies, as the name suggests, limits your liability. You are liable (some exceptions apply such as piercing the corporate veil) only up to the amount of your investment. Therefore, if you investment two thousand dollars ($2,000) into a corporation, and the company has debts, you are only liable up to your two thousand dollar ($2000) investment.
Second, all of these entities, except a corporation, are not subject to double taxation. Unfortunately, a corporation is subject to this double taxation. For example, if the company makes X amount of dollars, the corporation is taxed on these dollars. In addition to being taxed on that money, any distr
With the tremendous nursing shortage in the United States there would seem to be a lot of money to be made in travel nurse staffing. Although this may be true, starting a travel nurse staffing company may not be as easy as one might think.The biggest challenge in starting a travel nurse staffing company most people face is a lack of capital. The issue is that nurses want to be paid for their
Like the unlimited liability entities, these limited liability entities have pros and cons. First, and most obviously, these limited liability companies, as the name suggests, limits your liability. You are liable (some exceptions apply such as piercing the corporate veil) only up to the amount of your investment. Therefore, if you investment two thousand dollars ($2,000) into a corporation, and the company has debts, you are only liable up to your two thousand dollar ($2000) investment.
Second, all of these entities, except a corporation, are not subject to double taxation. Unfortunately, a corporation is subject to this double taxation. For example, if the company makes X amount of dollars, the corporation is taxed on these dollars. In addition to being taxed on that money, any dist
People don’t buy features; they buy the promise of what those features can do for them. Features are meaningless. Benefits are what sell your products or services.Perhaps you’re rolling your eyes as you read this because this is such an obvious point. You didn’t get to where you are today by not knowing the difference between your products’ features and benefits.Of course you didn’t,
Second, all of these entities, except a corporation, are not subject to double taxation. Unfortunately, a corporation is subject to this double taxation. For example, if the company makes X amount of dollars, the corporation is taxed on these dollars. In addition to being taxed on that money, any dist
Every month you write that check to the directory publisher for your ad or program. Do you ever stop to wonder if it’s worth it? Have you had the same one for years? Is it bringing in the type of customer you prefer? Where do you go for these answers?The obvious choice is your local Yellow Page rep. But guess who he or she works for? If you answered, the customer, you’re in for a rude awakeni
Second, all of these entities, except a corporation, are not subject to double taxation. Unfortunately, a corporation is subject to this double taxation. For example, if the company makes X amount of dollars, the corporation is taxed on these dollars. In addition to being taxed on that money, any dist
At a time when shopping is big as well as returning items, we find items that don’t work or live up to our expectations. Rather than just complain, do something about it. It might surprise you. I bought two items that came with a pen and the pen didn’t work on either. I wrote the company about it and the company promptly sent me replacements.In another situation, my Microsoft mouse stopped wo
Last, it is easier to raise capital because you can sell interests in these entities. Whether in the form of stock or units, these entities have a more effective way of raising capital as compared to the unlimited liability companies.
These positives also have some negatives. First, management is not as easy. Most of these entities have various levels of managements (including board of directors and officers) and have to accomplish various formalities (such as annual meetings, recording minutes, and elections by shareholders). These management levels and formalities can slow down progress and may cause conflicts between managers with differing points of views and interests.
Second, many filing fees exist. In addition to having to file a certificate of registration (for a limited partnership), articles of organization (for a limited liability company), or articl
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