TNNWC ENTREPRENEURIAL PUBLICATIONS

TNNWC Publications And Informational Products Division publishes The National Networker (TNNWC) Weekly Newsletter and The BLUE TUESDAY Report especially for entrepreneurs and early-stage venturers; free weekly subscriptions to these informative publications are available online to all entrepreneurial Members of TNNWC.

Membership in TNNWC is free (it's automatic for any subscriber to any TNNWC Publication) and available at our website. When you arrive there, just click on any of the JOIN US or BECOME a MEMBER buttons or links.

Showing posts with label CEO Space. Show all posts
Showing posts with label CEO Space. Show all posts

Friday, August 19, 2011

Warning! Co-Creation Hazard Ahead | CEO SPACE


Brainstorming and collaborating frequently produces superior work. For that reason, it is not surprising that many creative works, in the art and literature world, as well as in the business world, are the result of co-creation. Unfortunately, it is common for disputes to arise over co-created materials. That is not to say you shouldn't collaborate. It is, however, essential that the collaborators agree upon the terms of the arrangement.

Whether you have a business partner, a co-inventor on a new product, or a co-author on a book, blog, or other writing, you should take some simple steps to avoid future disagreements over ownership. As human beings, we typically perceive our contribution to a project as being the most valuable. The financier always believes the key to the company's success is the financial capital, the visionary always believes it is the ideas and the person rolling up their sleeves to do the work believes that success is the result of hard work. Of course, a more objective observer knows that all of those were the ingredients of success.

The laws governing intellectual property do dictate the rights owned by co-authors and co-inventors, but those laws do not necessarily match the intentions of the parties. If two authors work together to author a book, they become joint owners in the copyright to the book. Unless the writing was separated in some easily discernible way, both authors own 50 percent of the work and each have all of the rights that a single author would have. For example, if both authors contributed to every chapter and worked together to decide on wording, there is no way to differentiate between their work and therefore no method to divide the copyright. On the other hand, if each author wrote certain chapters of the book and those chapters could be separated without destroying the work, then there might be a way to divide the copyright. Typically, that is not the case. The applicable federal law states that "a 'joint work' is a work prepared by two or more authors with the intention that their contributions be merged into inseparable or interdependent parts of a unitary whole."

Similarly, joint inventors on a patent each have all of the rights of an inventor. There is usually no easy or accurate way to separate out the contribution of each inventor to the invention.

Co-authorship and co-inventorship can be problematic because both creators have the right to commercialize and monetize the product and can easily and frequently do, interfere with one another's efforts if there is a lack of cooperation.

When co-authorship is contemplated, my recommendation to my clients is that they enter into a written assignment of the copyright to avoid joint ownership of the copyright. One of the authors can assign their rights to the other author in exchange for compensation, recognition, and other negotiated terms. If the co-authors cannot agree on one owner, they can both assign the copyright to a company in which they both have an ownership interest. The company, such as a limited liability company, should be governed by a written agreement between the owners. That agreement should include the rights and obligations of the respective members, how to deal with contingencies such as the death of one of the owners, buyout provisions by one owner of the other's interest as well as other operational matters.

When a creation is only owned by only one person or one entity, there is a clearer direction for commercialization of the work and there are far fewer disputes over the respective rights and obligations of the parties. The next time you are collaborating on a project that involves intellectual property, make sure you discuss ownership of the resulting product and consider consulting an intellectual property attorney to assist you in memorializing your agreements and assigning the ownership to a single person or entity. The cost of this preventative step will be a fraction of the cost of resolving a dispute later.


This article is not intended to provide legal advice. Always consult an attorney for legal advice for your particular situation.




CEO SPACE INTERNATIONAL

Founded by Berny Dohrmann over 20 years ago, CEO Space is a private entrepreneurial business club with an environment that we created for people to be able to get quick results with their business through networking, education, and resources. Berny Dohrmann recently won the 2011 Inpex Ambassador Award for tireless contribution to inventors worldwide. For a one-time tuition payment Entrepreneurs receive a Lifetime membership and one free class, as well as a lifetime of mentoring, contacts; resources, and most of all a lifetime of support for you and your business as you grow. CEO Space is certified for Continuing Education credits. You can learn about Contracts, Government Contracts, I.T., Business Planning, Licensing, Marketing, Transformational Leadership and other topics at CEO Space.

ABOUT: Maria Crimi Speth is an IP attorney and is a shareholder in the Phoenix business law firm of Jaburg Wilk. She heads the intellectual property law department and assists client with trademark, IP law and Internet issues. Maria is a frequent speaker on intellectual property law and is the author of the book, Protect Your Writings, a Legal Guide for Authors.

For more information on CEO Space please visit http://ceospaceinternational.com/ or call CEO Space at 256.850.4700.

Links:
~ CEO Space Mall – http://ceosuccesschannel.com/
~ Blog – http://theceospaceblog.com/ and http://promoteceospace.com/
~ CEO Space Twitter page – http://twitter.com/#!/ceospace
~ CEO Space Sovereign Nations – http://ceospacenation.com
~ CEO Space Super Teaching – http://superteaching.com



For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to the Advisors and Experts at TNNWC Group, LLC. We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally. We don’t just “coach” you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your scale of operations and your budget to: (1) create your optimal tool kit , and (2) work as your partner (with our sleeves rolled up) to implement your plan by supporting you in the most efficient and productive use of every tool. Visit our website, which is located at http://www.TNNWC.com To receive your Free Subscription to our critically- acclaimed business newsletters, publications, information bulletins and alerts, simply join us as a Member. Two of our most widely-read publications include The National Networker (TNNWC) Weekly Newsletter, and The BLUE TUESDAY Report. Every Subscriber automatically receives Free Membership. Membership will grant you access to our unique suite of business planning, business-building, business promotion, business cost-reduction, business capitalization and strategic planning services, as well as entry to our expert management consulting services. These benefits are unequalled anywhere. Just go to our home page, and click on the “JOIN US” button. Find out about what WE can do for YOUR growing enterprise -- we are recognized advocates, champions, thought-leaders, writers and keynote speakers on such timely subjects as social networking and relationship-building, traffic -building, social media buzz, branding, developing international trading and joint venture relationships -- and structuring and obtaining alternative forms of capitalization. We are on top of every significant business, regulatory, technological, social and consumer trend worldwide. At TNNWC, we have a specific orientation: We Solve Problems. We Help Our Clients To Achieve Their Goals And Objectives. Prosperity. Peace. Collaboration. Sustainable Solutions For Continuous Growth™. Subscribe. Join Us. Visit Us. http://www.tnnwc.com/. You can access our free supplemental RSS FEED by clicking *HERE*
Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

Friday, August 12, 2011

Sign On The Dotted Line - Then We Can Become Business Partners | CEO SPACE


"A business partnership is like a marriage..."

Starting a business can be exciting. Some persons are able to start and operate a business on their own. Others, for various reasons, launch a business with friends, family members, colleagues or associates.

Regardless of whether you may partner with your mother, brother, neighbor or essentially a stranger, memorialize your understanding in writing. Have partners been successful in business without an agreement? The answer is "Yes." Is it advisable to do so? The answer is "No." A written document significantly minimizes misunderstandings among partners and, if partners ultimately decide to go their separate ways, the transition can be much smoother.

A "Shareholder Agreement" (as it's generally called when a corporation is formed) or a "Partner Agreement" (in the context of a general or limited partnership). Both terms are used interchangeably in this article.

1. Identify the owners, their respective ownership percentage and financial expectations. Clearly set forth the name of each of the shareholders/partners and the number of shares or interest each owns.

Surprisingly, many businesses operate for years without a stock certificate (or member certificate in the of a limited liability company) ever being issued. What could happen is that one partner may assume he/she has an equal ownership in the business while another partner believes that he/she owns a majority of the business. Also, be clear as to the amount of money each partner is expected to contribute to the business initially and on a going-forward basis, and how profits and losses will be allocated.

2. Management Issues. In certain businesses, particularly newly formed, small businesses the owners participate in its daily management. It therefore makes sense to outline the duties and responsibilities of each partner so that all expectations are known.

3. Decide if ownership interests can be transferred to third parties. This is particularly important for small businesses which are "closely held" (i.e., has no more than five owners). Without this understanding, one partner may transfer his/her interest in the company to a spouse, his best friend or some stranger, for that matter. The other partners may not want to be in business with someone they don't know, like or one with a different business philosophy. A shareholder agreement may provide that a transfer of stock or ownership interest is not permitted without the consent of the other partners, and may provide that the other partners or the entity may have the first right to buy the shares or interests that a partner wishes to sell or transfer (i.e., a right of first refusal).

4. The effect that the death, disability or retirement of a partner may have on the business. If a partner becomes ill for an extended period of time or retires, chances are he/she ay no longer contribute to the business or its operation. An agreement may be structured to provide that such partner's shares or ownership interest is to be bought back by the company or offered to the other partners.

5. Treatment of confidential information. Owners of a business often obtain access to confidential, nonpublic information such as inventions, costumer information or marketing strategies. If a partner departs from the business, he may use this confidential information to his advantage unless an agreement is signed precluding that partner from doing so. The shareholder agreement should include a clause which requires each partner to keep all nonpublic business information confidential and not to divulge it to any third party without the company's, he or she should be required to return all confidential information to the company.

6. Restrictions against non-competition Avoid any misunderstanding or confusion as to whether a partner can enter into a similar business if he or she were to leave the company. A non-compete clause in a shareholder agreement can provide that a partner cannot directly or indirectly compete in the same type of business within a certain mile radius of the company's location.

These are a few key terms relating to a partner agreement, but by no means a comprehensive list. What's important to remember is that whatever terms the partners agree to, such terms need to be in writing and signed by all partners. In many aspects, a business partnership is like a marriage good communication is key. The failure to effectively communicate and enter into agreements that all parties can live with can lead to a messy divorce.


This article is not intended to provide legal advice. Always consult an attorney for legal advice for your particular situation.



CEO SPACE INTERNATIONAL

Founded by Berny Dohrmann over 20 years ago, CEO Space is a private entrepreneurial business club with an environment that we created for people to be able to get quick results with their business through networking, education, and resources. Berny Dohrmann recently won the 2011 Inpex Ambassador Award for tireless contribution to inventors worldwide. For a one-time tuition payment Entrepreneurs receive a Lifetime membership and one free class, as well as a lifetime of mentoring, contacts; resources, and most of all a lifetime of support for you and your business as you grow. CEO Space is certified for Continuing Education credits. You can learn about Contracts, Government Contracts, I.T., Business Planning, Licensing, Marketing, Transformational Leadership and other topics at CEO Space.

Jacqueline J. Warner, Esq. is a seasoned attorney at the national law firm of Hinman, Howard & Kattell, LLP, in White Plains, New York with over 19 years of experience with corporate, securities, real estate, and estate planning and administration matters. Attorney Warner regularly advises clients on starting and growing their business, raising capital via private offerings and negotiating a wide array of contracts. She is the author and publisher of a book entitled The Mini Legal Toolbox for Entrepreneurs and Small Business Owners and a soon to be released second book in the The Mini Legal Toolbox series entitled Raising Capital for Your Business; Understanding Private Offerings.

The Mini Legal Toolbox Website - http://www.thelegaltoolbox.com
Jackie The Legal Diva - http://www.jackiethelegaldiva.com

Article Source: http://EzineArticles.com/?expert=Jackie_Warner,_Esq
Article Source: http://EzineArticles.com/6428139

For more information on CEO Space please visit http://ceospaceinternational.com/ or call CEO Space at 256.850.4700.

Links:
~ CEO Space Mall – http://ceosuccesschannel.com/
~ Blog – http://theceospaceblog.com/ and http://promoteceospace.com/
~ CEO Space Twitter page – http://twitter.com/#!/ceospace
~ CEO Space Sovereign Nations – http://ceospacenation.com
~ CEO Space Super Teaching – http://superteaching.com




For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to the Advisors and Experts at TNNWC Group, LLC.

We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally.

We don’t just “coach” you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your scale of operations and your budget to: (1) create your optimal tool kit , and (2) work as your partner (with our sleeves rolled up) to implement your plan by supporting you in the most efficient and productive use of every tool.

Visit our website, which is located at http://www.TNNWC.com


To receive your Free Subscription to our critically- acclaimed business newsletters, publications, information bulletins and alerts, simply join us as a Member. Two of our most widely-read publications include The National Networker (TNNWC) Weekly Newsletter, and The BLUE TUESDAY Report. Every Subscriber automatically receives Free Membership.


Membership will grant you access to our unique suite of business planning, business-building, business promotion, business cost-reduction, business capitalization and strategic planning services, as well as entry to our expert management consulting services. These benefits are unequalled anywhere.

Just go to our home page, and click on the “JOIN US” button. Find out about what WE can do for YOUR growing enterprise -- we are recognized advocates, champions, thought-leaders, writers and keynote speakers on such timely subjects as social networking and relationship-building, traffic -building, social media buzz, branding, developing international trading and joint venture relationships -- and structuring and obtaining alternative forms of capitalization. We are on top of every significant business, regulatory, technological, social and consumer trend worldwide.

At TNNWC, we have a specific orientation: We Solve Problems. We Help Our Clients To Achieve Their Goals And Objectives. Prosperity. Peace. Collaboration. Sustainable Solutions For Continuous Growth™.

Subscribe. Join Us. Visit Us. http://www.tnnwc.com/.

You can access our free supplemental RSS FEED by clicking *HERE*

This blog post format is Copyright © Douglas E. Castle, with all rights reserved.

About Douglas E. Castle



Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

Friday, August 05, 2011

Top Ten Legal Concerns Business Owners Should Know | CEO SPACE


You're a busy business owner wearing many hats - you're always marketing your business, constantly trying to secure clients and collect your fee for services rendered or products delivered. You know the importance of having your legal affairs in order, but there aren't enough hours in the day to do it all, or perhaps there isn't enough money to pay a professional to handle those matters.

Many entrepreneurs and business owners face this challenge. But it is crucial to address certain legal concerns so that you can remain in business and do so successfully. Here are top concerns you need to know and address... right now! This is not a comprehensive list, and all may not apply to you, but they are general concerns to be considered.

1. Choosing the Right Business Structure. There are four (4) basic structures - the sole proprietorship, general partnership, corporation and limited liability company (LLC). The riskier your business, the more you need to shield yourself from personal liability for any debts or wrongdoings of the business. Operating your business as a sole proprietorship or general partnership means that you may be personally responsible for claims brought against your business or for paying its debts. One lawsuit could destroy your business. Carefully consider the pros and cons of each structure and determine which one works best for your business.

2. The importance of good legal record keeping. Maintaining good records is a must, particularly with a corporation which is legally required to keep strict records of meetings and other actions required to be taken by its Board of Directors or shareholders. The failure of a corporation to keep adequate records could mean that its "corporate veil" is "pierced" and essentially the corporate status is negated. A third party bringing an action against the corporation may be successful in attacking the personal assets of the shareholders, and in some cases, those of the directors or officers.

3. Entering into Formal Agreements with Co-Owners. So many people are in business with others - family members, close friends or business associates and without a formal agreement. This is a MUST, regardless of the relationship. The reality is that business relationships don't always go as planned and owners may need to 'divorce.'. Without an agreement which makes it clear as to the ownership interest each person has, how and if interests may be transferred, the duties of each owner and terms of any non-compete clause, the departure of an owner or dissolution of the business can be difficult and costly.

4. Entering into Formal Agreement with Third Parties. Failing to document business arrangements in writing has been the downfall of many businesses. Common agreements include (i) consulting agreements with agents acting on behalf of the business; (ii) employment agreements for key officers; and (iii) non-disclosure agreements to preclude third parties from disclosing confidential information about your company. Also consider agreements that prohibit consultants or employees from competing against the business and/or soliciting agents or employees of the business (or include such provisions in an existing consulting or employment agreement). Without a non-compete or non-solicitation agreement or provision, a business could lose a significant of business to someone who has gained knowledge of your business and the specific industry and then snatched your clients and trusted employees/agents.

5. Labor and employment. In order to avoid issues with the Internal Revenue Service (IRS), be clear as to whether someone working for you needs to be classified as an employee, or whether they are a consultant. The general test is whether the person is instructed by the company as to when, where and how to work. In some cases, the IRS has fined a company for not properly classifying a worker as an employee and back employment taxes are imposed, resulting in a great financial burden for the business. The possibility also exists that a claim may be brought by consultants who then maintain that they are employees and are legally entitled to certain benefits such as workmen's compensation or unemployment insurance.

6. Entering into a Commercial lease. If you operate your business outside of your home, it is best to have a written agreement to ensure business continuity. Negotiate the right lease term, rent amount, etc. Without a written agreement you run the risk of the landlord asking you to leave even if you are a good tenant, and generally with just thirty (30) days notice. This could result in a significant loss of business income - having to move could mean the loss of good clients and a serious business interruption until a new space is secured.

7. The impact of taxes on your business and its owners. The four basic business structures all have different tax consequences and could therefore affect your bottom line differently. Discuss the tax reporting of each, and how each relates to your personal financial situation, with your tax advisor.

8. Raising Capital to Grow Your Business. Many business owners seek to grow their business through equity offerings to investors. Ascertain the types of documents required to be provided to potential investors to ensure compliance with federal and state securities laws, and to ensure that proper manner of soliciting investors.

9. Buying or Selling a Business or Assets. Conduct due diligence if you decide to sell your business or a significant amount of its assets or intend to buy another business. Evaluate all problems you may inherit if you are buying a business, such as pending lawsuits or outstanding debt.

10. Protecting Intellectual Property. If your business uses a trademark or service mark, protect it against all others by filing an application with the U.S. Patent and Trademark Office. Similarly, confirm that you are not using a name that legally belongs to someone else, which could mean infringement, and a successful lawsuit brought against your company. This could be catastrophic to your business.

Article Source: http://EzineArticles.com/6428146

This article is not intended to provide legal advice. Always consult an attorney for legal advice for your particular situation.



CEO SPACE INTERNATIONAL

Founded by Berny Dohrmann over 20 years ago, CEO Space is a private entrepreneurial business club with an environment that we created for people to be able to get quick results with their business through networking, education, and resources. Berny Dohrmann recently won the 2011 Inpex Ambassador Award for tireless contribution to inventors worldwide. For a one-time tuition payment Entrepreneurs receive a Lifetime membership and one free class, as well as a lifetime of mentoring, contacts; resources, and most of all a lifetime of support for you and your business as you grow. CEO Space is certified for Continuing Education credits. You can learn about Contracts, Government Contracts, I.T., Business Planning, Licensing, Marketing, Transformational Leadership and other topics at CEO Space.

Jacqueline J. Warner, Esq. is a seasoned attorney at the national law firm of Hinman, Howard & Kattell, LLP, in White Plains, New York with over 19 years of experience with corporate, securities, real estate, and estate planning and administration matters. Attorney Warner regularly advises clients on starting and growing their business, raising capital via private offerings and negotiating a wide array of contracts. She is the author and publisher of a book entitled The Mini Legal Toolbox for Entrepreneurs and Small Business Owners and a soon to be released second book in the The Mini Legal Toolbox series entitled Raising Capital for Your Business; Understanding Private Offerings.

The Mini Legal Toolbox Website - http://www.thelegaltoolbox.com
Jackie The Legal Diva - http://www.jackiethelegaldiva.com

Article Source: http://EzineArticles.com/?expert=Jackie_Warner,_Esq
Article Source: http://EzineArticles.com/6428139

For more information on CEO Space please visit http://ceospaceinternational.com/ or call CEO Space at 256.850.4700.

Links:
~ CEO Space Mall – http://ceosuccesschannel.com/
~ Blog – http://theceospaceblog.com/ and http://promoteceospace.com/
~ CEO Space Twitter page – http://twitter.com/#!/ceospace
~ CEO Space Sovereign Nations – http://ceospacenation.com
~ CEO Space Super Teaching – http://superteaching.com




For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to the Advisors and Experts at TNNWC Group, LLC.

We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally.

We don’t just “coach” you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your scale of operations and your budget to: (1) create your optimal tool kit , and (2) work as your partner (with our sleeves rolled up) to implement your plan by supporting you in the most efficient and productive use of every tool.

Visit our website, which is located at http://www.TNNWC.com


To receive your Free Subscription to our critically- acclaimed business newsletters, publications, information bulletins and alerts, simply join us as a Member. Two of our most widely-read publications include The National Networker (TNNWC) Weekly Newsletter, and The BLUE TUESDAY Report. Every Subscriber automatically receives Free Membership.


Membership will grant you access to our unique suite of business planning, business-building, business promotion, business cost-reduction, business capitalization and strategic planning services, as well as entry to our expert management consulting services. These benefits are unequalled anywhere.

Just go to our home page, and click on the “JOIN US” button. Find out about what WE can do for YOUR growing enterprise -- we are recognized advocates, champions, thought-leaders, writers and keynote speakers on such timely subjects as social networking and relationship-building, traffic -building, social media buzz, branding, developing international trading and joint venture relationships -- and structuring and obtaining alternative forms of capitalization. We are on top of every significant business, regulatory, technological, social and consumer trend worldwide.

At TNNWC, we have a specific orientation: We Solve Problems. We Help Our Clients To Achieve Their Goals And Objectives. Prosperity. Peace. Collaboration. Sustainable Solutions For Continuous Growth™.

Subscribe. Join Us. Visit Us. http://www.tnnwc.com/.

You can access our free supplemental RSS FEED by clicking *HERE*

This blog post format is Copyright © Douglas E. Castle, with all rights reserved.

About Douglas E. Castle
Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

Friday, July 22, 2011

Choosing the Right Structure for Your Business | CEO SPACE


We are all used to Pros And Cons Of Business Structure

Starting a business can be a very exciting and rewarding venture. However, it involves a lot of preparation and planning, particularly at the initial stages to ensure success. For example, a business and marketing plan must be developed, which is a written document that will help you define your business and organize your goals. Here, we will discuss the first and most important thing one should do: examine and determine the legal structure for your business. Your business structure will depend upon factors including third-party claims, tax considerations and your financial objectives.

THERE ARE BASICALLY FOUR TYPES OF BUSINESS STRUCTURES WHICH YOU SHOULD CONSIDER WHEN PLANNING YOUR BUSINESS. THESE INCLUDE SOLE PROPRIETORSHIPS, PARTNERSHIPS, CORPORATIONS AND LIMITED LIABILITY CORPORATIONS (LLC).

SOLE PROPRIETORSHIP

A sole proprietorship is owned and operated solely by one person (a spouse, if any, may be involved in the business). The owner must operate the business using his or her legal name, rather than a fictitious name or a d/b/a (doing business as).

PROS

Simple to form or create. No legal filings required. No business return to file (though some states may require the filing of an unincorporated business return).Tax reporting is simplified-profits and losses are reported on individual tax returns.

CONS

Owner not afforded protection against personal liability. If business is sued, the owner's personal assets may be at stake.

PARTNERSHIP

Created by to or more people who agree to share in the profits and losses of a business.

PROS

No formal organization process (other than registering the business name), but partnership agreement is highly recommended Tax reporting is simplified.

CONS

Partners do not have protection against personal liability-each partner is personally liable for the negligence and wrongdoings of the other partners' share of debts and obligations.

CORPORATION

A legal entity formed in a particular state generally by the filling of Articles (or a Certificate) of Incorporation with the Department of State.

PROS

The corporation is treated as a separate "person" and generally shields the owners (known as shareholders) from personal liability. Familiar form which often "credentializes" a business. Corporate form helps to attract investors.

CONS

Strict corporate record keeping required-if not, corporate status can be challenged. Additional costs involved (e.g., incorporation filing fees; corporate tax return preparation)

LIMITED LIABILITY COMPANY (LLC)

A legal entity which is essentially a hybrid between a corporate and a partnership.

PROS

Affords the owners with protection against personal liability (like the corporation) coupled with preferential tax treatment (like a partnership). Failure to maintain strict record keeping will not negate the status of the LLC. Assets held in an LLC may be even greater protection to owners(as opposed to a corporation) against third-party claims.

CONS

Additional costs involved (i.e., formation filing fees). Relatively new in most states so LLC's are not widely understood by the general public and case law regarding them is limited.

It is important to remember that all businesses are not created equally. Learn as much as you can about the various business forms. Consult both an attorney and an accountant before reaching a final decision. Turn your vision into a reality. You can do it!


This article is not intended to provide legal advice. Always consult an attorney for legal advice for your particular situation.



CEO SPACE INTERNATIONAL

Founded by Berny Dohrmann over 20 years ago, CEO Space is a private entrepreneurial business club with an environment that we created for people to be able to get quick results with their business through networking, education, and resources. Berny Dohrmann recently won the 2011 Inpex Ambassador Award for tireless contribution to inventors worldwide. For a one-time tuition payment Entrepreneurs receive a Lifetime membership and one free class, as well as a lifetime of mentoring, contacts; resources, and most of all a lifetime of support for you and your business as you grow. CEO Space is certified for Continuing Education credits. You can learn about Contracts, Government Contracts, I.T., Business Planning, Licensing, Marketing, Transformational Leadership and other topics at CEO Space.

Jacqueline J. Warner, Esq. is a seasoned attorney at the national law firm of Hinman, Howard & Kattell, LLP, in White Plains, New York with over 19 years of experience with corporate, securities, real estate, and estate planning and administration matters. Attorney Warner regularly advises clients on starting and growing their business, raising capital via private offerings and negotiating a wide array of contracts. She is the author and publisher of a book entitled The Mini Legal Toolbox for Entrepreneurs and Small Business Owners and a soon to be released second book in the The Mini Legal Toolbox series entitled Raising Capital for Your Business; Understanding Private Offerings.

The Mini Legal Toolbox Website - http://www.thelegaltoolbox.com
Jackie The Legal Diva - http://www.jackiethelegaldiva.com

Article Source: http://EzineArticles.com/?expert=Jackie_Warner,_Esq
Article Source: http://EzineArticles.com/6428139

For more information on CEO Space please visit http://ceospaceinternational.com/ or call CEO Space at 256.850.4700.

Links:
~ CEO Space Mall – http://ceosuccesschannel.com/
~ Blog – http://theceospaceblog.com/ and http://promoteceospace.com/
~ CEO Space Twitter page – http://twitter.com/#!/ceospace
~ CEO Space Sovereign Nations – http://ceospacenation.com
~ CEO Space Super Teaching – http://superteaching.com




For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to the Advisors and Experts at TNNWC Group, LLC.

We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally.

We don’t just “coach” you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your scale of operations and your budget to: (1) create your optimal tool kit , and (2) work as your partner (with our sleeves rolled up) to implement your plan by supporting you in the most efficient and productive use of every tool.

Visit our website, which is located at http://www.TNNWC.com


To receive your Free Subscription to our critically- acclaimed business newsletters, publications, information bulletins and alerts, simply join us as a Member. Two of our most widely-read publications include The National Networker (TNNWC) Weekly Newsletter, and The BLUE TUESDAY Report. Every Subscriber automatically receives Free Membership.


Membership will grant you access to our unique suite of business planning, business-building, business promotion, business cost-reduction, business capitalization and strategic planning services, as well as entry to our expert management consulting services. These benefits are unequalled anywhere.

Just go to our home page, and click on the “JOIN US” button. Find out about what WE can do for YOUR growing enterprise -- we are recognized advocates, champions, thought-leaders, writers and keynote speakers on such timely subjects as social networking and relationship-building, traffic -building, social media buzz, branding, developing international trading and joint venture relationships -- and structuring and obtaining alternative forms of capitalization. We are on top of every significant business, regulatory, technological, social and consumer trend worldwide.

At TNNWC, we have a specific orientation: We Solve Problems. We Help Our Clients To Achieve Their Goals And Objectives. Prosperity. Peace. Collaboration. Sustainable Solutions For Continuous Growth™.

Subscribe. Join Us. Visit Us. http://www.tnnwc.com/.

You can access our free supplemental RSS FEED by clicking *HERE*

This blog post format is Copyright © Douglas E. Castle, with all rights reserved.

About Douglas E. Castle
Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

Sunday, July 17, 2011

Doing Business On the Internet is a Sign of the Times - Be Sure You Know Who You Are Doing Business With | CEO SPACE


We are all used to clicking the "I agree" button and frequently we click without reading the lengthy terms and conditions. While many are long, these virtual agreements bring with them rights, responsibilities and restrictions. By clicking "I Agree", you have created a contract. In the on-line order process, frequently you will click on an agreement button, again creating a contract. While we easily create contracts on the Internet, there may be uncertainty about the most basic term of a contract - the identity of the party that you've entered into a contract with.

Before you hire a service provider or order goods on-line, know who you are doing business with. This is a simple concept. Due to the ease of on-line purchasing, people are frequently entering into contracts without knowing the person or business on the other side of the computer screen.

The Internet has long been known as "the great equalizer." A technologically savvy web developer can design a website for a small company that rivals that of a large corporation. A professional and robust website may signal stability and a great company to do business with, but it could just as easily be a cash-strapped start-up organization. Investigate the company beyond just visiting and viewing their website.

If ordering goods:

  • Check seller ratings if available.
  • Order using a credit card, as the credit card company may assist you in attempts to get your money back that you spent on an order.
  • We do NOT recommend using a debit card for any on-line purchases.
  • Consider using a single credit card with a very low limit for all on-line purchases.
  • Check consumer sites such as www.ripoffreport.com to see what other's experience has been with this seller.
If you are considering entering into a contract for services or ordering goods that have substantial value, engaging in basic due diligence is not time consuming and it is a better alternative than trying to find someone after they owe you money or you have received a defective product. For example, you are looking to hire a web designer to create a website for your company. Steps that you would likely take to find a developer are:
  • Seek out a web developer on the internet
  • Ask for referrals from other business owners
  • Interview someone that you met at a networking event
  • Traditional media advertising
It is likely that the developers will come to your office to make their presentation or they might even perform their services on-line through a webinar or web meeting. Chances are good that you will never visit their office. If your new website is unacceptable, or the website was not completed after you made a payment or paid a deposit, do you have the information to get your money back or to file a lawsuit if necessary? Before you decide to do business with an individual or company, consider the following:
  • Make sure you have verified the physical address of the person or company. A physical address is usually necessary to serve the person with a lawsuit. Even if the address does not look like a post office box, check it out on the Internet using one of the map tools such as Google Maps or Mapquest. One of our clients found out that the address for the service provider was actually a UPS Store. Not surprisingly, the address was no longer accepting mail because the service provider had not paid their bill to the UPS Store! We knew it was a UPS Store because we looked at it on Google Maps satellite and saw a shopping center rather than the home office. There are many other ways to use the Internet to confirm an address, including directory listings and property tax records. If you only have a post office box for an address, you will want to perform some additional due diligence.
  • For businesses, check with your Secretary of State. It will also list the statutory address for the corporation and their address.
  • Some businesses are licensed by the State such as a contractor, electrician, plumber, or handyman. Check for state licensing information to be sure the business has the appropriate license. You can also see if any complaints have been filed against the business.
  • While very brick and mortar, you could always take a drive to see the physical business and make a site visit.
Spending a little time before you click the "I Agree" button or enter into a contract with a previously unknown service provider can protect you and your company.


This article is not intended to provide legal advice. Always consult an attorney for legal advice for your particular situation.



CEO SPACE INTERNATIONAL

Founded by Berny Dohrmann over 20 years ago, CEO Space is a private entrepreneurial business club with an environment that we created for people to be able to get quick results with their business through networking, education, and resources. Berny Dohrmann recently won the 2011 Inpex Ambassador Award for tireless contribution to inventors worldwide. For a one-time tuition payment Entrepreneurs receive a Lifetime membership and one free class, as well as a lifetime of mentoring, contacts; resources, and most of all a lifetime of support for you and your business as you grow. CEO Space is certified for Continuing Education credits. You can learn about Contracts, Government Contracts, I.T., Business Planning, Licensing, Marketing, Transformational Leadership and other topics at CEO Space.

ABOUT: Maria Crimi Speth is an IP attorney and is a shareholder in the Phoenix business law firm of Jaburg Wilk. She heads the intellectual property law department and assists client with trademark, IP law and Internet issues. Maria is a frequent speaker on intellectual property law and is the author of the book, Protect Your Writings, a Legal Guide for Authors. This article was co-written by Sharon Sprague whose primary practice area is commercial litigation, in addition to her work in intellectual property, collection, and corporate matters.

For more information on CEO Space please visit http://ceospaceinternational.com/ or call CEO Space at 256.850.4700.

Links:
~ CEO Space Mall – http://ceosuccesschannel.com/
~ Blog – http://theceospaceblog.com/ and http://promoteceospace.com/
~ CEO Space Twitter page – http://twitter.com/#!/ceospace
~ CEO Space Sovereign Nations – http://ceospacenation.com
~ CEO Space Super Teaching – http://superteaching.com




For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to the Advisors and Experts at TNNWC Group, LLC.

We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally.

We don’t just “coach” you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your scale of operations and your budget to: (1) create your optimal tool kit , and (2) work as your partner (with our sleeves rolled up) to implement your plan by supporting you in the most efficient and productive use of every tool.

Visit our website, which is located at http://www.TNNWC.com


To receive your Free Subscription to our critically- acclaimed business newsletters, publications, information bulletins and alerts, simply join us as a Member. Two of our most widely-read publications include The National Networker (TNNWC) Weekly Newsletter, and The BLUE TUESDAY Report. Every Subscriber automatically receives Free Membership.


Membership will grant you access to our unique suite of business planning, business-building, business promotion, business cost-reduction, business capitalization and strategic planning services, as well as entry to our expert management consulting services. These benefits are unequalled anywhere.

Just go to our home page, and click on the “JOIN US” button. Find out about what WE can do for YOUR growing enterprise -- we are recognized advocates, champions, thought-leaders, writers and keynote speakers on such timely subjects as social networking and relationship-building, traffic -building, social media buzz, branding, developing international trading and joint venture relationships -- and structuring and obtaining alternative forms of capitalization. We are on top of every significant business, regulatory, technological, social and consumer trend worldwide.

At TNNWC, we have a specific orientation: We Solve Problems. We Help Our Clients To Achieve Their Goals And Objectives. Prosperity. Peace. Collaboration. Sustainable Solutions For Continuous Growth™.

Subscribe. Join Us. Visit Us. http://www.tnnwc.com/.

You can access our free supplemental RSS FEED by clicking *HERE*

This blog post format is Copyright © Douglas E. Castle, with all rights reserved.

About Douglas E. Castle
Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

Sunday, July 10, 2011

Featured Deal of the Week for July 12, 2011 | BLUE THING #6



Sue Lee WINS with “I Believe in Me!”

On July 1st “I Believe in Me!” DVD for preschoolers went into Harvest Growth’s Kiosk at Park Meadows Mall, Denver Colorado to be part of their TV to Retail™ Test Launch Program.

TV to Retail™ does market analysis for several weeks and then moves forward with the next step with Jon LaClare and team taking it to an infomercial. Sue will be raising capital to do that step.

Sue Lee (511)
Creator/CEO
"I Believe in Me!"
303-929-0556
enochsue@comcast.net
www.ibelieveinme.tv




Nadine Lajoi WINS with Park City TV Interview

Nadine Lajoi landed her first TV Interview: “Park City Interview of Nadine Lajoie - Author & Motorcycle Racer” It can be viewed at: http://www.youtube.com/watch?v=wHXIQaN1Ww0&feature=player_embedded

Nadine LaJoie
nadlajoie@gmail.com
http://www.WinTheRaceOfLife.com
http://www.nadineracing.com/nadine




Tanya Lewis WINS again as Green Glider Airs on HSN

Tanya Lewis, CEO of Green Glider [http://www.GoGreenGlider.com] announces that The Green Glider Company had a last minute request to sell on HSN on Tuesday morning June 28th, which SOLD OUT as a result of the Airing. This is the second airing on HSN since Green Glider’s worldwide release. Further, based on HSN sales and reviews, Green Glider has received a perfect “5 Star product rating” from the TV Shopping channel and its viewers who purchased the Product, making it an HSN "Customer Pick." Additionally, Tanya attended and co-starred in the filming of the Green Glider Infomercial in Denver, CO which took place June 21-23 with CEO Space Boot Camp Instructors Jon LaClare and Jason Williams of the Infomercial Production company, Harvest Growth! The Green Glider Infomercial is due to air on National TV this summer on all of the biggest cable TV stations…..“Sweeping the Nation!” GO GREEN GLIDER!

Tanya Lewis (1009)
The Green Glider Company, LLC
830 Harbor Circle
Palm Harbor, Fl 34683
Direct Contact: 941-650-0786
Jim@GoGreenGlider.com
http://www.GoGreenGlider.com

Tanya Lewis



Jeanne Madsen Leaves Us With Her Final Song; “In Heaven

The late Jeanne Madsen, CEO Space Grad 308, and singer who addressed our Super Teaching forum from her hospital room during the July class one year ago, is releasing, posthumously on her birthday, 13 July, a song, “In Heaven”, written before Jeanne’s death. It will be available on iTunes, Amazon.com, etc. Jeanne’s sister, Kathryn Madsen, wants all to know that proceeds from the song will go to cancer research. It is a beautiful, beautiful song with lyrics that are especially powerful. Watch for further detail.


In memory of Jeanne E. Madsen


Are you reading the National Networker? Click here to read the current article “Have You Ever Been Greenwashed?” written by CEO Space instructor and Attorney, Maria Speth. Adam Kovitz, founder of the National Networker, is a 505 Grad, former volunteer staff and mentor, as well as one of CEO Space’s Alliance Partners. Look for future articles on topics of entrepreneurial interest from CEO Space Instructors and Club Presidents. Join today!

http://thenationalnetworker.blogspot.com/2011/07/have-you-ever-been-greenwashed-ceo.html


Featured Deal of the Week ihttp://www.blogger.com/img/blank.gifs brought to you by The National Networker, CEO Space Mid Atlantic and Rob Adams (pictured here).

TO ALL OF OUR TNNW READERS:

Would You Like To Have Your Company Featured Here?

Whether or not you belong to CEO Space (which you should), you are invited to tell us about your greatest deal for our consideration. If it's truly great, we'll write it up! Your victory will be seen by and shared with thousands and thousands of readers and prospective customers and clients. Simply write to info@TheNationalNetworker.blogspot.com


Powered By TNNWC Group

For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to The National Networker Companies™/ TNNWC Group, LLC.

We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally.

We don’t just coach you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your budget to: 1) create your tool kit and 2) work as your partner to implement your plan by supporting you in the most efficient and productive use of every tool.

Visit our website, which is located at http://www.TNNWC.com .

To receive our newsletters, publications, information bulletins and alerts, simply join us as a Member. Membership is free and the benefits are unequalled anywhere.

Just go to our home page, and click on the “JOIN US” button.



Membership is FREE!The NATIONAL NETWORKER™The BLUE TUESDAY Report™The NATIONAL NEWSPICKER™LEFT, RIGHT and CENTER™Customer Experience PracticeSpecialized Financing & Credit EnhancementEmerging Enterprise Venture Capital Program™Merchant Payment Processing SolutionsNews Releases, Publicity and Public RelationsBUZZWORKS™ - Branding and Social Media DominationMarket Research, Surveys and PollsAssessment ToolsBLOGWORKS™ - Expand Your Search Engine Presence, Positioning and CredibilityAdvertise with Us!Selected Service ProvidersInternational Connections Service - Go GlobalIntelligence and Information OperationsInstant Mobile Communications & ApplicationsCooperative Business Community
Visit Our WEBSITE for more!http://www.TheNationalNetworker.com
Capital, Traffic Building, International Customers and unique SERVICES.
The National Networker Publications™ produced by TNNWC Group, LLC

Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

Featured Company of the Week for July 12, 2011 | BLUE THING #5



Chairman of CEO SPACE awarded INPEX’s Highest Honor

Berny Dohrmann named 2011 INPEX AMBASSADOR

This past week Pittsburgh, PA was the host of over 500 inventors at the annual INPEX Invention & New Product Exposition, America's largest invention trade show.

INPEX provides a forum for inventors to exhibit their inventions and attempt to make contacts with companies interested in licensing, marketing or manufacturing new products.

Each year, INPEX hosts the largest Inventor awards conference in the world. Thousands of inventors attend from more than fifty countries, and the conference receives major national media coverage. In the world of inventors, the equivalent of the academy award is winning the GOLD AWARD in your inventor category at the INPEX conference.

INPEX inventor category awards were presented this week in Pittsburgh, at an invitation only awards dinner which included film teams from Jay Leno and the Tonight show, national news media, and over 1000 dignitaries and prestigious judging panel of over fifty prior GOLD INPEX award winners. The largest delegation in 2011 was from Taiwan.

The most prestigious awards at the conference are the final inventor of the year awards, which include tens of thousands of dollars in cash awards. CEO SPACE presented one of the Gold Medal finalists a $ 7500.00 gift award for lifetime membership in the prestigious CEO SPACE entrepreneur trade show, which are hosted five times a year in Las Vegas, NV.

Berny Dohrmann with Cindy Hiatt,
Winner of the CEO Space Lifetime Membership Award at INPEX

During the 2011 awards dinner, and prior to the final inventor of the year award, following ten years of sponsorship and personal free coaching work for INPEX in their week long inventor Resource and Coaching Center, Berny Dohrmann, Chairman of CEO SPACE, was awarded INPEX’s highest honor: the INPEX AMBASSADOR award for tireless service to inventors worldwide.

Berny DohrmannINPEX Ambassador Award

The entire room provided a long standing ovation as the surprised Chairman held the enormous statue, which was adorned with the lucky number 7 – the date of his birthday in February. The statue also boasted a Golden Globe to symbolize Mr. Dohrmann’s global support for inventors. Mr. Dohrmann proclaimed to the group- "but never won ANYTHING before" which brought the applause up a notch.

Mrs. Debbi Fields of Mrs. Fields cookies was a keynote speaker at the 2011 INPEX inventor convention, joining Mr. Dohrmann on the podium before standing room only crowds of inventors from all fifty states and 50 nations. Mrs. Fields and Berny Dohrmann dedicated their talks to encourage inventors to take their dreams all the way to market. As the two superstars pointed out, it is the inventors that create all the jobs and all the opportunities in our nation, which are so dearly needed right now. Mr. Dohrmann noted that the airport TSA agents were not amused as he returned to Tampa with a “very hard to explain" statue and global gold orb in his carry-on bags.

The TSA official bag searching Mr. Dohrmann on his way home remarked, "What is an INPEX?" By the time Mr. Dohrmann was through security he had discovered another would be inventor working for the TSA.


Powered By TNNWC Group

For complete tactical and strategic business planning, marketing, media, lead-generation, technological and capital resources, scalable solutions and tools to support every entrepreneurial start-up, young enterprise, small- to medium-sized business and emerging high-growth company, talk to The National Networker Companies™/ TNNWC Group, LLC.

We are a collaborative entrepreneurial, creative organization offering you hands-on, personalized assistance in every aspect of achieving your monetization, profitability and financial sustainability objectives, domestically and globally.

We don’t just coach you or offer you pre-packaged, push-button solutions – we listen to you, analyze your exact needs, and work within your budget to: 1) create your tool kit and 2) work as your partner to implement your plan by supporting you in the most efficient and productive use of every tool.

Visit our website, which is located at http://www.TNNWC.com .

To receive our newsletters, publications, information bulletins and alerts, simply join us as a Member. Membership is free and the benefits are unequalled anywhere.

Just go to our home page, and click on the “JOIN US” button.



Membership is FREE!The NATIONAL NETWORKER™The BLUE TUESDAY Report™The NATIONAL NEWSPICKER™LEFT, RIGHT and CENTER™Customer Experience PracticeSpecialized Financing & Credit EnhancementEmerging Enterprise Venture Capital Program™Merchant Payment Processing SolutionsNews Releases, Publicity and Public RelationsBUZZWORKS™ - Branding and Social Media DominationMarket Research, Surveys and PollsAssessment ToolsBLOGWORKS™ - Expand Your Search Engine Presence, Positioning and CredibilityAdvertise with Us!Selected Service ProvidersInternational Connections Service - Go GlobalIntelligence and Information OperationsInstant Mobile Communications & ApplicationsCooperative Business Community
Visit Our WEBSITE for more!http://www.TheNationalNetworker.com
Capital, Traffic Building, International Customers and unique SERVICES.
The National Networker Publications™ produced by TNNWC Group, LLC

Forward/Share This Article With Colleagues And Social Media:
Share/Save/Bookmark

Blog Archive

BNI News Feed

The Emergence of The Relationship Economy

The Emergence of The Relationship Economy
The Emergence of the Relationship Economy features TNNWC Founder, Adam J. Kovitz as a contributing author and contains some of his early work on The Laws of Relationship Capital. The book is available in hardcopy and e-book formats. With a forward written by Doc Searls (of Cluetrain Manifesto fame), it is considered a "must read" for anyone responsible for the strategic direction of their business. If you would like to purchase your own copy, please click the image above.

Knowledge@Wharton













Site Credits:


Featured in Alltop
ALLTOP Business
News Wire. HOT.
Cool Javascript codes for websites
KeepandShare.com(R)  Fabulous Free Calendars

Create FREE graphics at FlamingText.com