Many Proprietors Shift To LLC Model

Many sole proprietorship and partnership types consider changing their business structures by forming limited liability companies.

There are two primary reasons for this transition. In a limited liability company [known as an LLC] there are often found to be both tax advantages and easier/fewer corporate hoops to jump through. Both advantages help small business owners to spend less time on administrative tasks, and help them to keep more of their hard earned profits, translating to a stronger ROI.

My personal research on this has led me to understand that the nature of an LLC is found in the details [yes, the devil is in the details] which may or may not take full advantage of this very “forgiving” entity structure if it is or isn’t done correctly, or if formed in a state that has the provisions you may be wanting. Hey – we don’t know what we don’t know!

LLC’s are state regulated. I have yet to find agreement from law office to law office regarding what can happen when you are in a jam, even in the most relaxed state environments. One thing I do know is that there is always risk, no matter what, and getting good legal advise is truly a necessary evil.

It used to be that Nevada had the most favorable LLC provisions, but many attorneys now favor Wyoming. Why Wyoming? In a nut shell, it seems that Wyoming offers fewer restrictions, better autonomy, and no individual or corporate income tax.

In order to change a business to an LLC in Wyoming, you will need to establish a Wyoming LLC, transfer the assets of your business to your new LLC, and dissolve your old business, if desired. Although the process of forming an LLC in Wyoming is not particularly complex, the rules of operation [as always] are subject to certain restrictions under Wyoming state law.

What is needed to form a Wyoming LLC? Well my advise once again is to seek out specialized legal advise. Having said that, here are some of the basics for those that are curious.

1. You will need to locate and choose a registered agent. The RA receives all official communications for your LLC, such as government correspondences, legal complaints, and any other legal notifications. The RA doesn’t have to be an owner or officer of the new LLC, but must reside in Wyoming. Owners may reside elsewhere.

2. Create a name for your LLC. Include the words “limited liability company”, “limited company” or “LLC” in the name. Your name availability can be checked through an online search tool found with the Wyoming Secretary of State office website.

3. Decide on the duration and purpose of the LLC. The LLC’s default duration will be 30 years. The Articles of Organization may include a statement of duration that allows for flexibility. It is an acceptable practice to state that the LLC is organized for “any lawful purpose”, again providing flexibility for business owners who may want to change direction, or manage various unrelated industry types under one umbrella.

4. Determine what your basic elements are, such as the amount of money you will be investing into the LLC, as well as the names and addresses of who will own the LLC [and their ownership percentage]. Unless stated otherwise in the Articles of Organization, this will be proportionate to the amount of capital invested or contributed by that member.

5. Download and complete the LLC’s Articles of Organization from the Wyoming Secretary of State’s website.

Additional Notes:

You will also need to know and provide the LLC’s legal address, and the LLC’s principal office address. Additionally, what must be stated is the right of remaining members to continue the LLC upon the death, resignation, bankruptcy or dissolution–in case of corporate ownership–of an LLC owner. The Articles of Organization must be signed by its organizers, who need not be LLC owners.

6. File the Articles of Organization with:

Wyoming Secretary of State

Corporations Division

The Capitol Building, Room 110

200 West 24th Street

Cheyenne, WY 82002-0020.

Beyond this, there are many factors. It is considered wise by many authorities to have multiple LLC owners/members. It is not uncommon to allow them to be trusts. Please seek legal advise before setting up a business. These are complex issues with laws constantly changing, and with new interpretations being generated by ongoing court trial results.

Thayer Ya Go!
David R. Thayer

Credits: Some of the material found in this blog relating to Wyoming LLC requirements were found at ehow.com

Mobile Apps

TalkRite Communications provides mobile apps development

Is there a market for mobile apps?

Our Mobile App?

Today, BlackBerry market share stands at 17%, well behind Android, which leads with 44.2%, followed by the iPhone, with 28.6%. Read more: http://moneyland.time.com/2011/12/15/how-apples-iphone-and-googles-android-left-blackberry-in-the-dust/#ixzz1gnDuTwb1

This month, thanks to Android users around the world, Android Market exceeded 10 billion mobile apps downloaded—with a growth rate of one billion app downloads per month. Read more: http://googleblog.blogspot.com/2011/12/10-billion-android-market-downloads-and.html

So that begs the question, “Should TalkRite Communications have a mobile app?” If so, other questions begin to emerge, like, “What would it do?”  What would motivate people to download it, and begin using it? How could TalkRite add value to these highly-valued mobile clients? What could our mobile apps do that our mobile pages wouldn’t do for them? …and so forth.

Of course internal questions also emerge, like these; What additional staffing is required (assuming I don’t want to spend all of my time developing apps)? Who is cutting-edge, that we can “tap” into? And, what about examples and demos?

TalkRite Mobile Apps

TRC has always operated as “David R. Thayer, d/b/a”. Although this may soon change, my son, Devin, and I, have done most of the client website development work ourselves for this family owned business. Occasionally we outsource some of the heavy lifting, or specialized services, but we do the majority of the work in-house. This cuts our costs, and keeps us competitive in the marketplace, plus – we like doing thing ourselves, and staying “fresh” and on top of things.

Mobile apps building is different. It’s cutting edge every day. Its constantly developing, and requires focused attention to an industry specific niche. Somebody has to “eat and sleep” mobile apps 24/7. Not us. So, we decided to partner with a growing group (now about 500 internationally) of developers and resellers of mobile apps.

We can now build them ourselves, or outsource them to our development group. We all share the same platform, and have an in-house mobile apps development team at our fingertips. Very much like owning a franchise. They make sure that all mobile apps are “mobile marketable”, and submit them to Android Market and iStore in our behalf.

 - mobile apps

Tagged As: mobile app builders, mobile app developers, mobile apps

Blog Rental Program Outline

Blog RENTAL Program???

The overall acceptance of the WordPress content management system has led us to develop the new blog rental program as an introductory level to our comprehensive website rental program packages.

There are three Website rental program levels. Blog Style, Commercial Style, and Community Style offerings.This article explains the three options designed specifically for the Blog Style Rental Program. To see an actual side by side comparison of features in all these programs click on the Website Rental Program menu item above.

Blog Rental Program Choices

Basic Blogs

Basic Blogs are informative “journal” type websites that are typically specific to a topic, and articles are normally posted in chronological order.

Multi-Blogs

Multi-Blogs are like basic blogs, but allow you to separate blog articles onto specific pages according to your categories of interest. This multi-blog format includes a specific navigation system designed around your specialized needs. If you want to write about multiple topics, and separate the content into different sections, this solution adds that flexibility.

Login-Blogs

Login-Blogs are sometimes known as community blogs, or membership blogs. They allow you to generate pages that can only be seen by individuals that have “logged into the system”. Therefore you have public pages, and you have private pages.

All of our blog rentals have these things in common:

1. We host your website, and we build the website structure. You simply develop the content. Then we show you how to properly and easily post your articles, images and videos to your site. You are now in control.

2. Although we can provide some basic graphics to help you get started, your logos, your own specially designed banners and other images may be used, and you can purchase additional graphic services from us at anytime.

3. Your domain name belongs to you. Just direct the name servers to us, and we do the rest. If you need to purchase one, we offer low domain name pricing through our NamesClaim affiliate, a GoDaddy discount reseller service – same GoDaddy products and services for a lower price.

Safety and Security

4. All blogs are built using our own special combination of plugins, themes, and widgets. This ensures your safety and security first and foremost.

5. It also means that we have tested these plugins and themes successfully together, so that you can rest in knowing that you have purchased a solution with 100% component compatibility.

6. Our website “hardening” techniques help to prevent hackers from penetrating your site, and causing permanent damage.

7. A complete “backup” system is installed and tested for every site.

Education and Training

8. A training and education room is provided with “how to” videos that explain the basics of blogging and help to familiarize you with the features of your new website development system.

9. Technical support is provided by email, as well as telephone during certain hours. Yes, you can actually talk with us! Website rental services is like having your own webmaster to call upon when you need one.

10. Website renters can join in the many webinars available through our association with developers and marketers, providing you with classes and other opportunities every week on a multitude of topics.

Blog Rental Program Outline

Blog Rental Program Benefits

Website rentals take the guesswork away from you having to develop a proper website that will sustain most attacks, be noticed by, and positioned well, in the search engines, and employ all the features you need, without having to learn the sciences of good website development.

You can spend your time doing what you enjoy, and for a very small cost, delegate the rest to professionals. Freedom isn’t free – but we make it pretty darn cheap!

Rent your website from TalkRite Communications today!

- blog rental program

Strategic Business Plans

open source video, online video platform, video streaming, video solutions

By Dr. David Furse, eHow Presenter

This is one of fifteen videos in a series that is a “must see” for every serious entrepreneur.

The Ehow Link is : http://www.ehow.com/videos-on_8462_business-plan-tips.html

- Strategic Business Plans

Strategic Business Planning

Is Strategic Business Planning Necessary?

open source video, online video platform, video streaming, video solutions The Video -

Here are a few basic steps of strategic business planning outlined by Professor Ed Green, of Ashridge Business School in the UK.  The narrator (unknown), speaks mostly about strategic marketing planning, but Professor Green’s actual message has more to do with strategic business planning than marketing, though  he does touch on the strategic marketing plan slightly.

Please don’t be confused by that.  Strategic business planning should include a strategic marketing plan as one of it’s core elements. We will address this in another article. Mission and vision, however, are  “business” planning elements that direct all business strategies, including marketing – and not an actual piece of the marketing plan itself, as they are already done separately before the marketing plan is outlined.

There are three steps to starting (or re-starting) a business.

Ed says – “Do some planning, get the right people together, and get started.”  Getting started may mean writing a draft of the vision and performing a situation analysis.

Not too much detail, just to get a brief understanding of the positive forces working with you that might help establish some forward momentum, and a few of the negative barriers to be overcome. The key is not to get bogged down in the muck of the details – your just looking for an overall situational snapshot.

Personal note – Too Much Optimism

Perhaps one of the first mistakes entrepreneurs often make is in the attitude that their product or service will create or develop it’s own market, sell itself, and their future business plans will unfold as they are miraculously revealed over time, based upon where those results (or customers) take them. From one success to the next… Oh, the perfect happy world!

In such a scenario, no plans need to be developed, no strategies formed – just simply smile and say, “here it is – how much do you need today?”. I am speaking from experience. My own. Yes, I got the hat and tee shirt! I understand entrepreneurs because I am one, and I have made all of the “classical” mistakes myself.

Okay, most entrepreneurs are optimistic – disaster strikes by surprise, because, what could possibly go wrong? Right? We understand the product, the service, and we know everyone will love it and want it now, and in great quantities!

Perhaps, however, the odds are about the same as winning the lottery because somebody GAVE you the winning ticket! HELLO??!!! Remember this? “If if’s and but’s were candy and nuts, oh what a world it would be!”

So, to avoid all the if’s and but’s, let’s take a look at some ways we can stack the deck a little to prevent having to make excuses down the road. Fair enough? Enjoy the video.

- Strategic Business Planning