Forming an LLC Alone Will Not Always Protect You
June 21, 2008
Did you know that many LLC business owners are still finding themselves at risk for being personally liable for the obligations and lawsuits of their business? Wait! An LLC is supposed to protect the business owner from personal liability. A properly formed and maintained limited liability company does just that but many owners do not know the things they should be doing after formation to preserve the protection afforded by their entity. Also, there are a few situations where an LLC business... Read more »
Company Establishment in Thailand
June 20, 2008
Considering a private limited company, the Memorandum of Association and the Articles of Association sets forth the rights and responsibilities for the shareholders. Shareholders enjoy limited legal responsibility, up to the remaining unpaid amount of the par value of their shares. A minimum of seven shareholders is needed at all times. Foreigners may wholly own a private limited company, but if they take part in business activities reserved for Thai nationals their participation is permitted only... Read more »
You’ve Gotta Love the Game!
June 20, 2008
Running a small business is hard. We all know that to be true. And you as the heart and soul of your small business sometimes can barely find the opportunity to catch your own breath. Your business becomes your life and you give it everything you have. You live and breath your business. And it can consume you. After eight years of running my business I realized I had become consumed by it. But not in a good way. Everything revolved around me. The finances, employees, customers, taxes, an so on.... Read more »
Equity Loans: It’s a Game of Trust
June 20, 2008
Expanding the business? Buying a company vehicle? Adding of proprietary assets? Or, simply keeping business finances liquid. These are some of the major reasons why businesses take on loans. The question is what type of loan? For entrepreneurs who wish to maintain 100% control of their businesses and are willing and confident to keep up with a monthly obligation to a lending body for the fulfillment of debt payments, a debt financing is opted. In today’s economy, however, there is an... Read more »
Creating Multiple Marketing Methods
June 20, 2008
You will probably have heard the saying “putting all your eggs in one basket”. Although focus is essential to success, relying on one marketing method alone can be dangerous if that method stops performing to necessary levels. Investors talk about portfolio diversification, here we talk about (multiple marketing methods). Your business may be resting on shaky support if you are relying on just one or two marketing methods to keep things running in stable fashion. Too many businesses... Read more »
Why the Operating Agreement for an LLC is the Most Important Document to Your Business
June 20, 2008
Imagine there being a country without any laws? Or, think about a local school trying to operate without having any rules or processes? Without known laws, rules or processes, chaos and unrest results. The Operating Agreement for an LLC provides the order needed to run an LLC business. Order is absolutely necessary for the success of a business. Even with a single member LLC, the Operating Agreement is necessary. A single member LLC often forms a limited liability company to provide protection... Read more »
Setting up an LLC Will Get you More Customers
June 19, 2008
Fly by night and scam businesses are everywhere. One way customers choose who to buy from is by insisting that the business is an official legal entity business such as a limited liability company (LLC). Some companies will only buy services from legal entities like the LLC(not sole proprietors). By setting up an LLC for your business, you get a professional image and a mark of legitimacy over other businesses. Anyone can come up with a business name and call themselves a business. These are... Read more »
Grow Your Business & Hire a Virtual Assistant Today!
June 18, 2008
A virtual assistant will comprehensively help you grow your business and keep you productive. But how do go about finding the right fit for your organization? Here are several important points you need to know when researching and hiring a virtual assistant team or solo entrepreneur for your organization. First - Realize What You Need! While a professional virtual assistant can help you organize yourself to be able to delegate appropriately you should have an idea of what type of Virtual Assistant... Read more »
Anatomy of a Limited Liability Company Operating Agreement- What Must Be There
June 18, 2008
The Limited Liability Company Operating Agreement is like the body of law for an LLC business. They exist to preserve order and prevent disruption and chaos which can be fatal to your business. There are some things that are so important to have in your Limited Liability Company Operating Agreement. WHO OWNS HOW MUCH OF THE LLC I cannot tell you how many times I have seen a Limited Liability Company Operating Agreement that did not have provisions stating how ownership in the limited liability... Read more »
How To Start And Run A Business
June 17, 2008
Seems like a simple question about what a home based business is. But as you begin your search for information on starting and running a home business, you will find that different businesses start from different points of view. And you will have different needs depending on your own view of a home business. A home business is, among other things, a business run by one or more people out of someones residence. The business operator is also the business owner who calls the shots, takes the risk, and... Read more »
