Archive for the ‘Stating a Business’ Category
Friday, March 12th, 2010
If you’ve started or bought a business here in San Diego with other partners, then you know the value of surrounding yourself with the right people. In his blog, “Drew’s Marketing Minute,” business marketing expert Drew McLellan details five ideas for how you can create a committed team and create an environment that makes your business venture more rewarding. These include letting team members have a voice, loving your team and your work, having a clear and important team goal, celebrating all successes, and thanking your team in large and small ways.
Putting his practices into play can also have the added benefit of promoting a greater sense of loyalty and a stronger relationship among your business’s co-owners. Business partners aren’t always on the same page, and disagreements are to be expected whenever you go into business with someone else. Even so, your actions and that of your partners must always be tied to an underlying goal founded on your business’s shared best interests. (more…)
Posted in Running a Business, Stating a Business, Uncategorized
Tuesday, February 9th, 2010
In his first State of the Union address, President Obama proposed a temporary tax credit that can fuel job growth through small business hiring, and this may prove to be a great incentive for local San Diego businesses that have been thinking about bringing on another employee. The Wall Street Journal’s Elizabeth Williamson reports on more of the details of the President’s plan, as revealed a few days after delivering the State of the Union address. As things stand now, the Small Business Jobs and Wages Tax Cut, one of the White House’s main small business proposals, will provide businesses a $5,000 tax credit for each net new employees hired in 2010, and start-up businesses can receive half the tax credit, all subject to a cap of $500,000 as a way to make sure that most of this tax credit is used by small businesses. (more…)
Posted in Business Disputes & Lawsuits, Current Events, Running a Business, San Diego, Stating a Business, Taxes
Thursday, January 7th, 2010
In seeking out opportunities to further your business goals and grow your profits, you may be considering a joint venture with another San Diego business, or with businesses in markets elsewhere in California or beyond. A “joint venture” can be created when two or more persons or businesses join together for a single project or for a series of transactions. This forms a short term business that operates separately from your already existing independent business. In most ways, a joint venture is like a partnership, but the main difference is that a joint venture is meant to last for only a limited period of time to carry out a specific business project, while a partnership is usually meant to be an ongoing business. Often, businesses or entrepreneurs decide to join together because their products or services complement each other. Through a joint venture, you may want to combine products, unite manufacturing, create joint marketing or cross-endorsement plans, share technology or research and development efforts, expand product distribution, or combine resources and expertise in real estate development and investment. Whatever the plan, the objective is always to create a vehicle for greater mutual gain through the joint pursuit. (more…)
Posted in Running a Business, Stating a Business
Wednesday, December 9th, 2009
If you own a San Diego business with more than one owner, do you know what will happen to the business if one of your business partners wants to sell his or her share, or decides that it’s time to retire – should anyone be allowed to take that co-owner’s place? What if instead a co-owner divorces, becomes disabled, or dies – will that business partner’s spouse or other family members suddenly become new owners, and how can that affect the business? A buy-sell agreement (also called a buyout agreement) answers these and other important questions by detailing how ownership will be restructured once certain events occur. For each business partner, the potential benefits of creating a buy-sell agreement are seen from two perspectives: if your partner leaves, the buyout agreement can promote business continuity and protection for you during this transition; on the other hand, if you decide to leave, the agreement can plan for your own exit or retirement, and can help protect your family in the event of death or disability. (more…)
Posted in Business Disputes & Lawsuits, Running a Business, Stating a Business
Friday, August 7th, 2009
Many San Diego businesses choose to incorporate or set up an LLC (a limited liability company) to take advantage of the benefits offered by these business structures, including protection of your personal assets from company debts and lawsuits. California courts take the division between a corporation or LLC and its shareholders, members, officers, and directors seriously-and recognize that protection from personal liability is a legitimate reason to form a corporation or LLC. Even if courts generally don’t “pierce the corporate veil,” it can happen, but there are things you can do to help prevent putting your personal assets at risk. (more…)
Posted in Asset Protection, Business Disputes & Lawsuits, Running a Business, Stating a Business
Monday, July 13th, 2009
Over the years, Woody Allen has protected the use of his image, such as in his recent case against American Apparel, the California clothing company that, as the New York Daily News recently explained, used Woody’s image on billboards without his permission. Now the famed director is suing for $10 million. As Woody Allen continues on with his efforts to protect his “brand,” have you thought about what you should be doing to protect your San Diego trademark? It’s important to create and register trademarks for products and servicemarks for services. Registration will set your business apart from the competition and protect your brand, something that’s especially important in today’s economy. (more…)
Posted in Business Disputes & Lawsuits, Running a Business, Stating a Business, Trademarks
Friday, May 15th, 2009
If you’ve had an interest in starting your own business in San Diego, you may think your start-up will have to wait out the recession, but there are those who believe that the time to act is now. At first glance it may seem that there aren’t any advantages to starting a business now, but consider whether you can benefit from recession-created incentives and opportunities like those discussed in Entrepreneur and USA Today. For example, with a larger employment pool, you can hire qualified people at reasonable rates. You can also keep costs down thanks to cheaper office space, equipment, and goods. (more…)
Posted in Current Events, Stating a Business
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