Thursday, December 1, 2011

What will be the best set-up? Sole proprietor or partnership? -

I want to start-up a business but I do not have the money. Somebody wants to invest in my business. I want to retain full control of the business but I am worried that the investor would want to take partial control or she would not invest at all.

sole proprietor can only have one owner or a married couple - outside investor would require a partnership at a minimum - get the partnership agreement in writing spelling out everything - share of ownership, share of income, who makes management decisions, etcinvestor is going to require something to say about how their money is used or why would they invest? I seriously doubt they would only take a silent/limited partner role, and since they are the ones putting up all the money - you have no right to demand complete control, since without that money, there is NO business

Sole Proprietor - you and you alone are responsible for debts which means any debtor will be coming after you. You have full control.Partnership - usually 50/50 - debts/profits are split equally and you both are responsible.Corporation - you could be the only director and you both could have equal shares 50/50. There are many ways to do it....just got to pick the one that rights for the 2 of you.

The critical factor is money and if you are naive enough to think someone is going to give you money to do as as you please then you are not thinking clearlyYou should sit down with the investor and discuss his needs and requirements around the business as an equal partner as you would not be able to go into business without themHow would you react if you were putting money into the business and you had no say what so ever and the person looses it when if you had worked together there may be a business later

Corporation is best, but takes money to incorporate.If you can go with sole proprietorship - do it. It s much cleaner than a partnership. I ve worked for and with companies that have both setups. With a sole proprietor, decision making is easy, you know they re solely responsible. Much, much cleaner.Mind you - you need the money for that ...

Work from home doing data entry or customer service anything that I can use my cpu to work nights and earn a l? -

work from home doing data entry

You can only obtain legitimate work from home positions from brick and mortar companies. You want to send your resume out to companies hiring for positions you are qualified for, but include in your resume that you have a home office and you wish to work remotely. Include how you have your home office set up and what equipment you already have in order for you to perform your job. These jobs are just going to advertised as jobs, they would not promote them as work at home because they would hear from too many unqualified people.

I highly recommend you my work from home program. It works very well and easy. If you are serious about work from home. You should have a look work from home correct program. It will work for you if you do it correct. I make good income with this program. You can get more information from link below.

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Where can i find websites or contacts for information/places to apply for graduate jobs in China? -

Im a 20 year old UK student working in Madrid at present but I intend to work in China for my graduate year if not a permanent position, so I need to know who is best to contact, what requirements are needed from me and just any advice would be really appreciated! Thanks JD

It depends on what kinds of jobs you want. If you are only want to spend a few months in China, I think the language training school is a good choice, like the Mew Oriental. If you can speak Chinese fluently, you can find some internship here. By the way, are you planning to study while work as well? Then, this could be a different story. I am a Chinese student in college myself. So, if you can give me information about you and your plan, I can give you more help. You can e-mail me your problem.

My freind is telling he can provide me ladies sandals for 200 to 250 rs? is it possible.? -

My freind has its own manufacturing of ladies sandals he is ready to provide me different good varietys at 200 to 300 rs which u get in market in retail stores for 500 to 600 rs, is it worth taking pls reply on realhardbest@yahoo.co.in

OK

Do you think governments use the Ponzi schemes? -

As Charlie Ponzi did,do you think Governments,Banks and the like rip their investor s in the same manner as old Charlie did... Your thought s please...

No, I don t, how do YOU think they do?

What is the trial with an asian couple owning a laundromat vs some other guy? -

I remember, the asian couple (Korean, I think) owned a laundry place. They were sued, and the man kept suing them over and over until they lost a lot of money.

I would assume that the verdict will be against that Asian couple. They will lose everything they own and be in debt for the rest of their lives whether they are at fault or not. Asians have even less right than slaves or animals. In The US when a person see an animal being abused he she would feel bad about it (as every normal person should). However, when a person see an Asian man being robbed or murder his/her typical reaction would be indifferent at best and joining in the mayhem at worst.

Can anyone give me examples where companies have been Unethical? -

If you could please state more than one it would be really helpful, thanks for your help.

Enron s your number definition to unethical. -adidas-DKNY-atlantic fashions (a$$holes)-rachels organic (fcken liars)-nokia (traitors)-BURMA (these fcks need to be tortured and sodomized)

You d probably have an easier task to find some that haven t been!Business, profit and ethics are not bedfellows.

google it

Just google Enron. You ll have plenty to go on with that one.

Just like Eron.

What can I sell to kids at my school for a profit? -

Alright I need ideas of things to sell at my school. It can be from Buy low sell high items. To links to making things kids would pay for. It has to be small enough to fit in your pocket and must be interesting. Thanks.

thats not gonna get you much money .try mystery clickers !its a paid to click website , every click earns you $1-$5 .its as easy as it sounds ! theres always at least 100 ads to click on , so you can make $100+ everyday . and if you think its hard , it really isnt . im 13 , and i easily make about $200 a day off this website . try it out --http://www.mysteryclickers.com/index.php��good luck !i promise , you wont regret it

I would sell notebook paper pens/ pencils or anything that you need for school

Starting a business.. LLC or Sole Proprietership? -

i am a handyman in florida and want to register my business name.. what type of business do i become, ficticious name, llc or sole proprietership..any advice would be helpful

Hello,I m trying to also open up a small @ home based business. I came across this info and thought it might be helpful to you. I still find myself very confused as of to which direction I should go. For me a Sole Prop. Is the way to go. What frightens me is the tax s. (I too live in Florida)Sole Proprietorship A sole proprietorship also known as a sole trader, or simply proprietorship is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the owner (subject to taxation). All assets of the business are owned by the proprietor and all debts of the business are their debts and they must pay them from their personal resources. This means that the owner has unlimited liability. It is a sole proprietorship in the sense that the owner has no partners (partnership).A sole proprietor may do business with a trade name other than his or her legal name. This also allows the proprietor to open a business account with banking institutions.AdvantagesThe main advantages of a sole proprietorship are that they are easy to start up, they are subject to fewer regulations relative to other types of businesses, the owner has full autonomy with regard to business decisions, and they are easy to discontinue. [1] Another advantage is that one takes all the profits of the business. This is the main reason that most businesses are of this type. A sole proprietorship is not a corporation; it does not pay corporate taxes, but rather the person who organized the business pays self employment taxes on the profits made, making accounting much simpler. A sole proprietorship also does not have to be concerned with double taxation, as a corporate entity would. A sole proprietor usually has a quick decision process and doesn t have any opposition when making a decision as he or she has total control of his business. All profits and losses accrue to the owner. The owner does not have the tension regarding conflicts among the partners as there are no partners. Also its easy to set, with having little paper work to fill in and little money spent on setting up this is one of the easiest types of business to start.DisadvantagesA business organized as a sole trader will likely have a hard time raising capital since he has to make up for all the business s funds. The owner of the business has unlimited liability as he is responsible for the business s debts because he has control over the business.A disadvantage of a sole proprietorship is that as a business becomes successful, the risks accompanying the business tend to grow. To minimize those risks, a sole proprietor has the option of forming a corporation, or, more recently, a Limited Liability Company.What is a fictitious name? A fictitious name means any name under which a person transacts business in this state, other than his legal name. Business means any enterprise or venture in which a person sells, buys, exchanges, barters, deals, or represents the dealing in any thing or article of value, or renders services for compensation. Legal name means a person s given name, or an entity that has been properly registered. Examples: trademarks, service marks, corporations, limited partnerships.So I m assuming that BOTH will be needed? Sole Prop and Fictitious name would have to be registered?

I always recommend incorporating an LLC or S-Corp for tax and other reasons. It costs a little but the benefits are huge. It also allows your business to grow and take on partners, investors, or employees whenever it s needed. Your personal assets are also somewhat protected. For a sole prop, you end up paying more taxes, and if your company gets sued, everything you have ends up being vulnerable.

you will find the best answer for you on legalzoom.com honestly but i would recommend incorporating your business less liability or use a dba

Can i get DJ liability insurance for a single party? -

I m djing independently but only really do house partys and things. I ve been asked to dj a reunion and need to get insurance just for this party. can i get insurance just for the party? or do i have to buy it for the year? thanks in advance

What do you need insurance for? You re a performer they ve hired; if anything, their insurance should cover any injury YOU sustain in the course of the evening, unless for some reason they expect you re going to harm a guest, but again that guest s harm is covered by their policy because they re the ones who brought you in. It sounds to me like the organizers are pretty new at this. To answer the question, yes you can buy short-term insurance, and it isn t very expensive. I paid about $30 for a $1-million policy when I rented a charity booth at a shopping centre for a weekend. Contact any local insurance broker to make arrangements, but again, you buying one is totally unnecessary.

You can get insurance for a single event. However, my suggestion is that you just get an annual policy. It shouldn t cost more than $300.

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