Item Upon - Choosing an Entity for Your Company

• income tax and asset protection consequences
• ease and cost of formation
• number of owners
• restrictions on ownership
• privacy, control, management
• owners’ protection from liabilities of the entity

Limited Liability Company Formation

• Protect personal assets and income
• Limit liability to the assets of the company
• Separate your business and personal assets and liabilities
• Create an entity in perpetuity

Benefits of a limited liability company All the protection of a corporation without:

• Annual meetings or minutes
• Annual reports or annual fees
• Stock to classify and issue

And with

• Less expense to form
• Less government oversight
• Members’ liability limited to their share of LLC’s capital
• Creditors and judgment creditors cannot collect from personal assets
• Unlimited members unless S corporation election; then limit is 100 members<
  Designing a Franchise Training Program
  If you intend to franchise your company you will need to design a bullet proof training company for your new franchisees. This is above and beyond the training program you will design for them to administer to their new employees. Remember when training new franchisees it is similar to training new managers for any Corporation’s outlets. The difference of course being that the Franchisee in a Franchised Company has a lot more at stake and will be twice as motivated as an average manager of a corporate Store.Below please find a brie
  the entity

Limited Liability Company Formation

• Protect personal assets and income
• Limit liability to the assets of the company
• Separate your business and personal assets and liabilities
• Create an entity in perpetuity

Benefits of a limited liability company All the protection of a corporation without:

• Annual meetings or minutes
• Annual reports or annual fees
• Stock to classify and issue

And with

• Less expense to form
• Less government oversight
• Members’ liability limited to their share of LLC’s capital
• Creditors and judgment creditors cannot collect from personal assets
• Unlimited members unless S corporation election; then limit is 100 members<
  Buying Jewelry For Your Business Part 4: Buying Platinum Jewelry
  Whether you presently own a retail or web based business and are looking for an additional profit center or you are thinking of starting a business, jewelry is a “no-brainer” choice for a proven product category. The buying public, (particularly women) never tires of jewelry as the choices in color, materials, finishes and styles are endless and innovations are continual. Every generation reinvents jewelry for itself in much the same way that it reinvents music and fashion. Styles change but the basic facts remain the same. If you are a s
  li>

Benefits of a limited liability company All the protection of a corporation without:

• Annual meetings or minutes
• Annual reports or annual fees
• Stock to classify and issue

And with

• Less expense to form
• Less government oversight
• Members’ liability limited to their share of LLC’s capital
• Creditors and judgment creditors cannot collect from personal assets
• Unlimited members unless S corporation election; then limit is 100 members<
  Being Fired Could Be An Advantage (Part Two)
  The best way to start your new job search is to create an effective search strategy. It is up to you to take care of yourself and to find your next position. Also, solicit the help of friends and family to help you. Don’t forget Centrelink and community-based support groups, and even a good recruitment agency. It is time to take advantage of all the help you can get.The key to surviving during this time is to fall back on your network of acquaintances. Let the world know that you are free and looking for exciting opportunities. Sen
  ense to form
• Less government oversight
• Members’ liability limited to their share of LLC’s capital
• Creditors and judgment creditors cannot collect from personal assets
• Unlimited members unless S corporation election; then limit is 100 members
• Disproportionate distribution to members
• PLLC only requires one member who can also be manager

LLC Formation

• Reserve unique name
• Name must include the letters LLC
• Licensed professionals must use PLLC
• Prepare and file Articles of Organization
• Appoint Statutory agent
• Choice of taxation
• Choice of manager
• Choice of number of members
• Choice of member responsibilities
• Open LLC bank account
• Set up separate books for company
• Obtain Corporate Commission approval of articles
• Publish articles
• File Affidavit of Publication

• Obtain federal and state tax ID numbers
• Obtain state and local sales tax licenses, if needed
• Prepare operating agreement

Operating Agreement

• Required by lenders, plus personal guaranty
• Required for multi-member LLCs
• Avoids disagreements about company’s operation and management, capital requirements, profit sharing, membe

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