Wednesday, December 7, 2011

Choosing The Right Business Structure

Copyright 2006 Konstantin Goudkov

Now that you're ready to set up a shop and call yourself an entrepreneur, the next thing you have to decide is the business structure you're going to use.

Your business structure will decide what kind of taxes and how much in taxes you'll pay, how you will register it, how many people will be in business with you up to the nitty-gritty details of your day-to-day operations. Choosing the right business structure is just as important as choosing the right product to sell, as this will play a huge part in the administrative side of your business.

So what are your options? There are different kinds of structures but these have been categorized into two: the corporate and the non-corporate.

The corporate structures are typically the different kinds of corporations which include the Business Corporation, also known as the C-corporation. Also among the corporate structures are the S-corporation and the Close Corporation.

For non-corporate structures, we have: Sole proprietorship, the different kinds of Partnerships (General Partnerships, Limited Liability Partnerships, Limited Partnerships) and the Limited Liability Company.

Each of them has advantages and disadvantages -- but all of these may be relative depending on your needs and goals.

To give you a guide on choosing the best business entity for yourself, consider these factors:

a) Liability Protection -- getting into business is always a risk. No matter how much time, effort and money you put into it, there are no real guarantees for success. There are structures which offer maximum liability protection for the business owners, and some which do not. For example, if your business gets a lawsuit, who pays? You or your business? The answer depends on the kind of business structure your business has. Most often, if your business is a high-risk venture, it would be best to choose structures which will offer maximum liability protection like LLC's or corporations.

b) Taxes -- Taxes is one of the major concerns of would-be-businessmen. The question most often asked is: What type of structure will enable me to pay least in tax dollars? Certain types of structures like the sole proprietorship and partnership allow business owners to be taxed only once -- at the personal income level, while some structures like the C-corporation and closed corporation have double taxation. The LLC on the other hand, is taxed depending on the number of its members.

The value of knowing the taxation principles for each structure is important especially if your business will be immediately profitable in its early years.

c) Control and Management -- who will manage your business? How many have stakes on your business? How much control are you willing to relinquish to others? Do you want to run your business by yourself?

Your business structure often decides how much control you and the other stakeholders would have over the business. If you want maximum control where you and nobody else has a say, then sole proprietorship is the way to go. However, if there are other stakeholders, there are structures which can define the amount of control the co-owners will have. Limited partnership for example, gives the active partner maximum control over the day to day operation of the business, with the limited partner having no say whatsoever in its operations. However, if you and your partners demand the same rights, the limited liability company is a good option since under the law all members are given equal rights over the business.

If control is an issue, look into the management aspect of each structure and choose what will be most acceptable for you.

d) Continuity and transferability -- How long will you be in business? If you have no clear cut answer or if your answer is "as long as it is profitable" consider the continuity or lifespan of a business. There are structures which can grant unlimited life for a business -- meaning, that even if the owners die or the stakeholders sell their share, the business can continue. Some structures do not allow this, and are dissolved much more easily in certain circumstances like the owner's death, the partner moving out, divorce, buying out and so on. Another issue which you should also consider is transferability or the ease of selling your shares or interests in a business in case you wanted out. Corporate structures give the owners ease in transferring their shares to another stockholder or member just by signing it over. On the other hand, LLCs and partnerships will have a harder time of transferring their shares or interests without the company getting dissolved unless they have a buy-out agreement in place.

e) Capitalization -- how much capital do you have to set up a business? Obviously, simpler structures like sole proprietorships and partnerships can be set up for a minimal cost. Corporate structures on the other hand, have a lot of paperwork, both in its initial set-up and maintenance that it requires some real hard cash to run. If you will need additional capital later on, consider the structure that will allow you to do this with minimum fuss. For example, corporations can easily raise money by offering their stocks to the public, while a sole proprietorship is limited to raising funds from personal loans or bank loans.

The bottom line -- nobody can tell what business structure is right for you, but yourself. Choosing the right entity requires a lot of careful deliberation on your part. Aside from the factors above, you should also consider your resources at hand and your management capability. Being aware of your particular strengths and needs and being informed of the different aspects of the each business structure is important to identify the right business structure for you.

Tuesday, December 6, 2011

Choosing The Best Paint Booth For Your Company

When it comes to choosing anything for your company, including a paint booth, you realize the importance of having and using quality products. Of course, you would like to pay as little as possible for those elements as well. But, getting the combination of services is much more difficult than you would like. The good news is that you can choose any paint booth that you like based on price once you take a look at these suggestions.

Here are some suggestions to help you find the best paint booth for your company’s needs:

• The most important feature of any paint booth is its durability. It must be able to withstand whatever you throw at it and then some more.

• You also want a paint booth that offers superior strength to help you throughout all of your specifically large needs.

• But, what about what it is made from? You need high quality electrical components that again meet your needs and exceed them.

• You probably would like for someone to be in your area to come out and help you for your mechanical and operational needs. If it does break down, is there an area representative to come out and help you? This may be something you are looking for.

• It needs to be efficient of course, You’ll want to make sure it is able to do the job in the right amount of time and that it does so with excellent quality.

• Many look for a quiet exhaust fans when it comes to paint booth choices.

• Lastly, but definitely not in the least, you need a quality, precision engineered paint booth. You need the product to be the best, well built machine out there to serve your needs completely.

The paint booth that you choose from here can be any price range, as long as it meets your high level of needs for high quality.

Monday, December 5, 2011

A Short Lesson on Real Estate

Where did the notion that men should buy houses for women come from? Some people say that this is based on our natural instinct. Like any other animal, parents want to protect their young for the continuation of the species. Anyway, asked that question because I wanted to know why business relating to real estate is suddenly making becoming popular. Before you had the buying and selling of properties. Now, with the widespread use of the Internet, we have real estate trading which is basically “I buy yours you buy mine” kind of arrangement.
The term real estate is used to refer to any property, which is permanently attached to land such as buildings and houses. Most people refer to it as real property but there are situations wherein the term real estate is used for the land and the building together while real property refers to the ownership rights of the land itself. On the other hand, the word real is used to categorize these properties as things as opposed to people. Records show that the idea of real estate can be traced as far back as 1666.
With the idea of personal property becoming more widespread, real estate has become a major area of business in the United States. In fact, economists claim that the reason for the recent economic slump is due to the lower revenue generated by this industry. In order for the US to get back on track, Americans need to view land and buildings as an investment.
There are many types of real estate: residential, commercial or industrial property. The most common transactions involve the buying and selling of residential properties such as apartments, condominiums and a duplex. Sometimes families who want to move to a different state finds it difficult to find dwellings on their own so they usually do a map search of the area they’re moving to so as to find any houses which are either for sale or for rent. This way, they get to pick the properties they want without having to travel yet, thereby saving time, effort and money. In some cases, people contact a real estate agent who can then give them a tour of the area so that they get to see the houses and to possibly bargain for the price of the property.
In US and Canada, finding property is easy because of the existence of the multiple listing system or MLS – a data base wherein real estate brokers can share information about the properties their clients are planning to sell, or in some cases, planning to buy. Most people who want to buy a house usually have no idea where to start so they call a real estate broker. When you do so, the broker searches the MLS to find details about the property. At present, there are about 800 different MLS in the US with new competitors like Google Base, Craigslist and Cribfinder entering the public domain.

Sunday, December 4, 2011

Choosing The Best Business Broker

<p>Buying a business today is an involved and complicated process requiring expertise in many different areas (i.e., legal, accounting, tax, business valuation and due diligence). With thousands of businesses available navigating your way to the right one can be an arduous task.</p>

<p>A <a href="http://www.qbsnet.com">Business Broker</a> can be a very effective tool to identify, locate, screen and value each targeted business and thereafter, in obtaining financing, negotiating the purchase, coordinating the due diligence and supervising the preparation of all transaction documents through the closing.</p>

<p>In the event you as the buyer attempt to purchase a business without the aid of a broker, realize that the listing broker represents the seller who pays his or her commission.  Since most listing brokers will ordinarily not do anything to jeopardize a sale, you cannot rely on the seller's broker to advise you objectively.  Never lose sight of that fact!</p>

<p>For most published listings, the listing broker will "cooperate" and "share" the listing, and the commission, with the broker hired by the buyer.  In this case, it will not cost the buyer any fees or commissions to obtain exclusive representation. </p>

<p>Once you decide to hire a business broker, seek out a <a href="http://www.qbsnet.com">competent professional</a>.  The vast majority are unprofessional and quite dysfunctional when it comes to understanding the transaction, valuing the business and providing customer service and support. Furthermore, most business brokers have never owned or even purchased a business or professionally represented or counseled business owners.  In California, one need only become a licensed real estate broker to sell business opportunities.</p>

<p>At a minimum, a qualified business broker can greatly facilitate find the right business, especially if the broker is well acquainted with your purchase criteria. Although there are many <a href="http://www.qbsnet.com/buying-a-business.php">business listing services</a>, some brokerage firms have software programs that can consider your purchase criteria, investment amount, owner benefits and other factors and produce a more focused and narrow search (see: http://www.qbsnet.com/buying-a-business.php).  This can be extremely important.  As you will soon find out, unlike purchasing real estate, evaluating a business is a very time consuming process. Therefore, it is important to apply your resources effectively.</p>

<p>So how do you go about finding a good business broker? Our <a href="http://www.qbsnet.com">Quantum Business Solutions Network</a> professionals have listed a few essential ingredients in your search for a competent business broker (for a description of the full range of business broker services offered to <a href="http://www.qbsnet.com">California business buyers and sellers</a>, please visit http://www.Qbsnet.com).</p>

<strong>Before you sign an Agreement</strong>
<p><strong>Broker’s profile</strong><br />

The best brokers are affiliated with accredited Associations relevant to their state and profession. For example, in the state of California, the best business brokers are registered with the California Association of Business Brokers (http://www.cabb.org) and the International Business Brokers Association  (http://www.Ibba.org).</p>

<p>Make sure the <a href="http://www.qbsnet.com">California business broker</a> is qualified to provide competent representation. The firm or the individual should have their own website which is regularly updated with news, articles and business listings. Excellent contact details, company profile as well as having well qualified  professional such as accountants, attorneys, etc.</p>

<p><strong>Expectations</strong><br />
The business broker should clearly attempt to understand your exact purchase criteria, investment objectives, background and experience.  This will ensure that the broker is not wasting your time and missing viable business opportunities in the marketplace (a good business brokerage firm will maintain its own network of listings, many of which are not “published” and unavailable to the general public).  In addition, a competent business broker will continually narrow the focus of the search based upon your constant feedback. There should be a mechanism in place to accomplish this task.  Quantum Business Solution Network employs uniquely designed business buyer software which constantly narrows the search and identification process.</p>

<p><strong>Communication</strong><br />
Take some time before committing to a particular business broker and see how responsive he or she is at the outset.  Attempt to inquire about the nature and scope of the services offered.  Determine if they respond in a timely and comprehensive manner. </p>

<p>The best business brokers are excellent communicators and always respond in a timely manner (in business purchase and sale transactions time kills deals) and often serve an indispensible element toward ensuring the flow of the transaction toward a smooth closing.</p>

<p>The listing agreement/contract should include: <br />
<ul>
<li>length of time they will be representing you (6-12 months is typical) </li>
<li>the type of the agency relationship offered by the broker (you want the broker to serve as your “exclusive” agent)</li>
<li>the manner and payment of the broker’s compensation</li>
<li>the nature and scope of the brokers duties</li></ul>
</p>

<p><strong>About the Author</strong><br>
<a href="http://www.qbsnet.com">Quantum Business Solutions Network</a> is a full service <a href="http://www.qbsnet.com">Southern California business consulting</a> and <a href="http://www.qbsnet.com">licensed brokerage firm</a>. Quantum Business Solutions Network is comprised of professionals that combine valuation, financial, marketing, legal, accounting, tax and transactional structuring expertise to initiate, execute and consummate business acquisition and divestiture transactions.</p>

<p><strong>Copyright</strong><br>
&copy; Copyright 2007, Quantum Business Solutions Network. All rights reserved. <br>
This Article is Copyright protected. Republishing & syndication of this article is granted only with the due credit, as mentioned, retained in the republished article. Permission to reprint or republish does not waive any copyright. The text, hyperlinks embedded on the article and headers should remain unaltered. This article must not be used in unsolicited mail.</p>

Saturday, December 3, 2011

Choosing Quality Office Accessories

Selecting quality office furniture and accessories such as lighting, desks, chairs and floor mats, requires more than just a passing thought. Whether it involves home offices or Fortune 500 companies, careful consideration in furnishing and accessorizing your office could make a difference in health and comfort of the body as well as simple wear and tear of office flooring.

The Importance of Lighting
Lighting has a profound influence on a person’s performance in the office. With accurate lighting, it could reduce double vision, headaches and fatigue caused by reflectivity of bright objects such as printed paperwork or computer monitors in excess lighting. The human eye can adjust to a variety of lighting levels, but only a single light level at a time. When someone stares at a dim computer monitor in a brightly lit room, the eyes are confused about which to adapt to, light or dimness.

Common lighting preferred in offices is most times track lighting or ceiling lights. If installing track lighting, it is suggested to avoid high-voltage halogen. This type of lighting has been found excessively rigorous for prolonged exposure. Desk lamps are a variable form of subsidiary lighting. An office desk lamp can add a charismatic design, as well as a glare-free atmosphere that will help prevent eyestrain and fatigue.

Choosing the Right Desk
Space is always a concern when it comes to choosing the right desk. If your desk has restricted space, you may have a need for a desk designed for more than a single purpose. Your office tasks may require space for a printer, fax, phone, shelves, drawers or files. With the absence of needed space, desktops become cluttered and finding things can become a difficult undertaking.

Purchasing the best desk for an office is an important investment that could last a business’s lifetime. Time and consideration are key in choosing a desk. There are an ostensibly endless assortment of desks in sizes and shape. Desks are normally produced in mass quantities and may necessitate some self-assembly. Checking into a local crafts business that could build desks to order may be something to look into.

A Comfortable Chair Can Alleviate Back Pain and Poor Circulation
Back support and leg circulation are critical to good posture and wellness while working. Sitting at a desk for lengthy periods can be extremely challenging since it applies excessive pressure to the lower back and upper thighs which causes leg discomfort or back pain. Keeping the backbone in a neutral position is essential in maintaining good posture and alleviating the annoyance of back pain and poor blood circulation.

A person’s desk chair should accommodate them. If another individual is using the chair, it is important for the chair to have sufficient adjustability to suit each user. When searching for a desk chair, look for a “waterfall edge” located at the front of the chairs seat pan. This design helps to prevent deficient circulation in the legs while sitting. Try to find a chair with a “tilt lever” which enables you to recline and switch positions easily. This will help relieve pressure placed on the back of your thighs. A protruding “back rest” on your chair will help support the lumbar while in an upright position.

Minimizing Maintenance Costs on Flooring
When it comes to protecting office floors, depending on the type of flooring, maintenance can involve waxing, stripping, buffing or replacement. When an individual is working at their desk, they may not always be confined to one area. Their work may include rolling from their desk to a file cabinet, telephone, wastebasket or another desk. No matter which type of flooring is used in an office, wear and tear becomes apparent. Carpet fibers are pulled up, linoleum is punctured, and hardwood or tile floors are damaged. Most flooring types are not designed for the tremendous amount of pressure generated by rolling office chairs. They may also not be appropriate for wheel chair accessibility. Utilizing chair mats could limit the safety issues involved where an area is not properly floored for wheel chairs and at the same time, minimize the maintenance needed to any floor.

Selecting a needed chair mat for any workstation starts by determining what type of flooring the mat will be covering. Chair mats used over carpeting should be more unbending and impenetrable than those placed on harder surfaces. Chair mats for tile, linoleum or hard wood surfaces should be textured. This will prevent the mat from sliding on slick floors. They should also have beveled edges to enable easy rolling between surfaces. Once we know the floor type, the desired shape and size is chosen. For example: How much floor space is used while working at your desk and its surrounding areas? Chair mats should cover more than the immediate area in front of a desk. Otherwise the areas not protected from chair casters may require maintenance that could have been avoided.

Purchasing office furniture and accessories are not quite as unambiguous as you might have thought. There are numerous factors involved in choosing accurate lighting, a comfortable chair, a spacious desk and appropriate chair mats. Anticipated by the measure of time spent working in the office each day, ignoring these factors could result in strained eyes, bad posture, desk clutter and avoidable damage and maintenance. The main idea is to optimize your productivity without contributing to physical tension. Keep that in mind the next time you accessorize your office space.

Friday, December 2, 2011

Choosing Marble Tile Colors For Your Home

Marble is a metamorphic stone, and its elegant look and strength has made it a preferred architectural material for both ancient and modern structures alike.

Marble floor tiles have been used throughout the years due to its unique patterns and colors. It is made up of relatively hard material, but is not as hard as granite. Marble is classified into groups A, B, C, and D, which indicate the fabrication ease based on the quality of hardness. Marble tiles tend to be veined.

Marble that is tumbled has an entirely different exterior from the polished version. These tiles have a porous, and sometimes even sponge like consistency. There are variations in color, but veins and other patterns are normally absent. The result is a floor that feels relaxed yet spectacular at the same time. Rough-cut stones such as limestone and slate have similar properties and appearance. These floor tiles are very popular for fireplace surrounds, bar-tops, and vanities. In certain locations and climates, marble may stain. However, with proper care and maintenance, marble is relatively easy to preserve. Marble floor tiles are available in a variety of color patterns.

Marble Floor Tile Variants

There is a wide array of marble floor tile variants to choose from:

- Polished: Tiles that have an elegant, high shine for a more stately and formal appearance.

- Honed: Marble floor tiles with an understated matte finish that softens the stone’s appearance, creating a casual atmosphere in any room.

- Patinato: Marble tiles with an antique finish that gives your room a reserved, old-world ambiance.

- Tumbled: A marble tile finish that offers you antiqued, ageless style in neutral colors.

The beauty of a marble surface can last an eternity if it is properly maintained. Marble is generally more porous than granite, which makes it easier to stain, and it is not recommended for kitchen countertops. Marble is generally suited for walls, fireplace surrounds and mantles, bathroom vanity tops, and some floors.

Marble Flooring Color Types

There are plenty of marble floor tile color schemes to choose from, and it would be best to consult with your folks at home, or from an architect or interior designer, to choose the best accent for your home or office. Among the notable marble floor tile colors are:

- Brown-white marble. The shade of this marble tile is commonly a blend of brown and white, which would look well bedrooms and living rooms. Some tiles may contain small holes; however it provides a cooling effect since it doesn’t hold heat for long but absorbs cold conditions. Some tiles may also have a peach-colored shade.

- Brown marble. The brown marble tile may vary from red to tan to brown. The patterns may also be either beige, flesh or black. This tile is generally placed in bathrooms and terraces. Brown marble presents an earthly tone that best compliments areas with plants and white decorations. The contrast between the brown floor and light decors create a soothing effect.

- Sichuan marble. Sichuan marble tiles tile have a white, immaculate look. Generally, tiles like this are mostly used for fireplaces and statues, but it could also provide a very classic detailing to floors. The graining is very light or fair which often has a black color. Sichuan marble floor tiles are best placed in areas where there is a lot of light.

Thursday, December 1, 2011

Choosing A Name For Your Company... That Makes Sense...

One of the most important things your company needs is a name. Your name will be the very first thing that almost all of your customers see from you -- long before they meet you, they'll have responded to something (or someone) that told them the name of your business.

So What?

So, if you're planning on running a professional operation, don't call it 'A1 Supplies' just because you want to be listed first in the phone book. You have to pick a name that says something about you and your business, and that people in your target market will be able to say without feeling stupid.

The Professional Name.

If you're running a serious business targeted at other businesspeople, you'll probably want to keep the name sober, but memorable. A good formula is your surname, followed by what you do: 'Smithfield Tailoring', or 'Watson Engineering'. You might also want to add the name of the town where you live: 'Watson Engineering Anytown'. Little things can make a big difference: 'Watson & Associates Engineering' or 'Watson Engineering Co.' both sound quite good, for example. Don't use your first name, though -- it sounds terribly amateurish. Would you rather deal with Ted's Office Supplies or the Johansson Office Supplies Co.?

Another approach is to leave out your name altogether, and simply become 'Anytown Engineers' or 'The Anytown Engineering Co.'. This makes you sound like the first choice locally, especially if your main competitor has the name of another town nearby in their name.

The Corporate Name.

They sound quite bad, I reckon, but there's a still a place for them -- mainly if you want to deal with the big companies that this kind of name appeals to. Simply think of a word to describe your business and translate it into Latin. Then add the word "Consulting", if you want.

The Trendy Name.

If you're going for a more young or technology-savvy market, you might want a less formal name. Names of this form should be kept to one word, and preferably written in lowercase, URL-style. Another common trick is to make '.com' part of the name. Notice the difference between 'Fun House' and 'funhouse.com' -- the Fun House doesn't sound all that much fun, does it?

The Playful Name.

You'll be surprised how many people will love your name if you just decide to name it after an animal, and use that animal in your logo too. If you don't have much of a marketing budget, this is a good way to get a quick brand identity -- if you choose the panda, for example, then people start associating you with pandas, and you can have panda-pattern designs on your stationery and decorate your office with bamboo. Don't underestimate the power of this, seriously.

The Shortened Name.

One naming method that seems to be especially well-used by the big hitters is to take two words that describe your business, shorten them both, and make it one word. So you end up with Fedex (Federal Express), or Microsoft (Microcomputer Software). This is good for suggesting what you do without having an overly lengthy name.

The Random Name.

If all else fails, a great way to make up a name is to just string together sounds that you like until you come up with a made-up word. This can be a surprisingly good way to come up with a name -- and it will be completely unique.

Make It Easy.

Whatever you do, though, make sure your business' name is easy to pronounce and spell. If your surname is hard to say, don't use it. If people seem to have trouble spelling a made-up word, come up with something easier. You'll lose out on an enormous amount of word-of-mouth business if people have to write your name down just to communicate it to each other.

Check for Others.

Once you've got some ideas, make sure you check that no-one else is already using them. It will be expensive to get halfway through starting up a company only to find that the name you wanted is already taken. Also, you'll have trouble establishing any kind of Internet prescence with an over-used name, if that was part of your plan -- if your name is too common, you won't stand a chance of getting yourname .com.