Tag Archives: company

Why the Limited Liability Company Might Be the Best Choice for You

I won’t go into much detail on business structure as I could for the moment, because if I did, we’d be here for hours. Business law is laden with so much nuance and intricacy that it would take a fine-tooth comb to get through all the hairs and pull out all the dandruff one by one. It’s a painstaking process, one you could at least minimize the heartache and turmoil by hiring an attorney to consult you on whether or not a partnership, or a corporation — or especially in this case, an LLC — would be the best fit for you and your company.

Wait a Second — What’s an LLC?llc business formation jack bauer

limited liability company? That hopefully didn’t fly way past your head (because at one point, it did for me) like an unlucky bullet over Jack Bauer’s skull. A lot of business owners and entrepreneurs go for a limited liability company for obvious reasons, but this is probably the most important one (and most likely the only reason you need to know): there’s flexibility in this structure of the LLC.

Like a corporation, though, you file certain articles of organization and structure as well as a certificate of formation with a limited liability company. However, the flexibility comes around when you can incorporate more of a balance between ‘owner’ and ’employee’. You’re basically all members of the company, for lack of a better term, and all members have the option to decide how they want to be taxed within the entity — either as a ‘partnership’ or ‘corporation’. There’s where you get the flexibility and additional benefits with a limited liability company.

In a way, you’re looking at a hybrid of a corporation and partnership: that’s what a limited liability company really is. And it just might be a good fit for you.

So Should You File for One?

It’s a possibility, for sure. It all depends on what your goals are. There are trade-offs involved. If you’re a small business, but have a decent size workforce, chances are an LLC might be the way to go. You won’t pay as many taxes — but you get a lot of the corporate benefits from the government you otherwise wouldn’t get from a business partnership or sole proprietorship.

It’s all up to you on the path you want to take. As always, though, consultation’s your best weapon in the effort to formulate a business, hence why you could easily contact an organization like Cloud Based Bookkeeping and get it all squared away. That way, you can do away with that fine-tooth comb!

 

What Jurassic World Can Teach You About Being a New Age CEO

We’re all dying to see more dinosaurs on the silver screen, aren’t we? First Jurassic Park, then The Lost World, and Jurassic Park III — and now we have Jurassic World, a seeming disaster of commercial, technological and evolutional proportions just dying to be seen at a movie theater near you, and wouldn’t you know it?

This Is a Great Way to Explain What a “New Age CEO” Is!

Here’s the thing about dinosaurs: they’re savage, bestial, old, “old news,” ‘old hat,’ from a time long, long ago (not in a galaxy far, far away where Skywalker’s learning about personal development), and they’re well behind of the evolutionary chain due to advances in everything from technology to civilization, for obvious reasons.

Although a T-Rex could probably cause some problems in Chicago. Or Miami. Or New York. Or wherever. But that’s not the point.new age CEO t-rex

The Point Is Evolution Takes Precedence

When it comes to the business field, entrepreneurs in our digital age have the advantage over the “dinosaurs” of the corporate primordial ooze, where such “new age CEOs” don’t sit at an office on the 34th floor away from the potential customers, the revenue generators, and have a direct line to that clientele base better than anyone. There are no layers. There’s just one line of communication, and in this rise-of-the-Internet age, that’s crucial.

Corporate culture demands that we stay in line with the change in times. Nowadays we have CEOs who know how to the job of the lower workers (sometimes maybe even better). They’re transparent. Visceral. Efficient. They’re in tune with their workforce, exemplifying a wicked Santa Claus complex of content marketing clear across the world.

How does technology do this? Think of instant messaging, video conferencing, seamless group training, social media, blogging. All of it. We have metrics now. We have an ability to measure the industry, measure competition, and respond appropriately. The “new age CEO” has an advantage here.

The New Age CEO Is Adaptable

This makes sense when we’re thinking about an evolutionary train of thought. After all, a meteor killed those dinosaurs, and for good reason. They weren’t fast enough to “get out of the way.” Their brains were also kind of small. The more ‘advanced’ mammals, though, had an advantage (and a lot fur to protect them from the vicious Ice Age).

It’s the same with the new age CEO. They adapt well to change in the industry. They research the trends. They don’t just sit at their desks reviewing prospects and figures. They research new articles, new discussions, new questions asked to address coming issues in the industry, and they stay on top of all of that, remaining current with their best practices and implementing all of that immediately.

new age CEO airbnbThat keeps the new age CEO one step ahead of the competition.

Oddly enough, because of this monumental global scale of cyberspace hitting home for the corporate stratosphere, it’s actually easy for any new age CEO and a startup to go worldwide almost immediately. Just look at companies like Uber, Airbnb and Lending Club. Back in the day when the Stegosaurus used to have to trudge along for 50 years just to get to a lake, these companies drove their hovercrafts in the future and got clear across the world in 50 minutes.

That’s evolution. It’s now definitely feasible to go global even when there’s no domestic market, yet.

We’re Far From Extinction

You can rest assured that there won’t be any meteor — or some other global killer — coming around anytime soon. We’re ready. The new age CEO is more than ready. The new age CEO is actually prepared.