Thursday, May 28, 2009

Starting a small business? -

What are the steps that I have to take to start a small, at home, business? What are the legal things that need to be done? What do I do to copyright my business name and logo?

People with a creative, steady hand can use that talent to make a part-time income from a home calligraphy business. Do you have creative and artistic lettering skills? Do you have self-promotional know-how? Then why not start your own home calligraphy business part-time in your own home?A home calligraphy business is easy. You simply apply beautiful and styled hand lettering to products that will sell to customers. You can create a catalog of basic items to sell, such as framed poems and greeting cards. However, one of the ways that calligraphers make great part-time money is by creating custom products such as:Personalized greeting cardsWedding invitationsCertificatesMenus

Why would someone wanting to start a business wish to become a subway* franchisee? -

*subway (the sandwich shop)

I can t see why anyone at this point in the game would want to. The individual owners are making the smallest profit margins than ever due to the $5 foot long. I read in Newsweek that leaves a profit of 1.38 a sandwich, which is not a lot. If you sell 100 sandwiches in a day, you ve only made $138 profit for the day.On top of that, most small to medium size cities already have at least one, if not two or more. The internal competition coupled with external competition and pricing makes it a very risky venture.

A little birdy told me that her store sells roughly 60 sandwiches an hour during the busy hours of the day and anywhere from 20-45 sandwiches all other hours that day.. if your in a crappy location i might believe just 100 sandwiches in a day but around here its way more.. WAAAAY more.. Report Abuse

I want to be an at home medical transcriptionist. Where do I start? -

I don t even know who to talk to or where to start. I read it s possible to complete in 4 months at this one website but you have to be 18. I m 17 and have my GED. I think I could do it through Vo-Tech but it would take a year and a half min and I d have to go to classes. I was wanting to do it online. Who do I talk to and where do I start?

The top schools in MT have a 2-year course. I don t think you would learn much helpful information in a 4-month course.There is a guide to choosing a course of study, plus a LOT of other info on this career -- including jobs so you can see what s out there -- on the website below. Not affiliated with any school, just good free info.

Im starting my own personal training business and want to know whats better: sole or an LLC? -

Sole or LLC?

An LLC can protect your personal assets as long as you set it up and run it correctly. Consult an attorney with experience so you don t set yourself for failure. If you ever get sued, the opposing attorney will attempt to pierce the veil created by the LLC. If they can show that you are not setup or running your business according to the laws, your personal assets are fair game. NEVER mix your person and business bank accounts. I have mine at 2 different banks. I would suggest consulting your Secretary of State to see if they can make any suggestions based on your business type. The only time you will need the protection of an LLC, is when you get sued for more than your insurance will pay. Talk to your insurance agent about that. Talk to an attorney to get a contract that covers your butt against most frivolous claims. That way you can really only be sued for negligence or gross misconduct.GOOD LUCK to you.

I second both veronica and thompson above. Never run a business as a sole proprietor. There are nearly 50,000 lawsuits filed every day in the US and 1.2M practicing attorneys. And currently there are nearly 400,000 students in law school. We aren t becoming less litigious, we are becoming more litigous. I consult with clients every day about setting up LLC s. I am not an attorney, I am an entrepreneur who believes in capitalism and small business and our right to keep our wealth in the event of frivilous litigation. I offer clients a free 30 minute consultation to assist you with proper entity selection and formation. Let me know if you need assistance.

LLC, because it protects your personal assets from lawsuits.

Tuesday, May 26, 2009

Monday, May 25, 2009

Personal or business investment of buying boat for boat restaurant? -

Looking into buying a liveaboard and having bar/restaurant on board. Can we legally purchase personally and lease to the business/restaurant or do we need to buy as a capital investment from the business?

Can you afford to keep on the boat if your business isn t a success? Where would you live if you bought the bought as a company and rented it to yourself and the company failed?There are tax allowances for capital investments that may be worth considering. It depends on how much of a profit you expect to make whether it would be to your advantage or not.Speak to your local Business Link for free help and advice on starting your business. They may be able to refer you to an accountant who will give you a free half hour or hour of advice to help you decide which is the better option.Good luck with your business!

Yes, it is legal to do it either way. I would buy it personally and lease it to the business.

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