May

23

Contractors: You Are Creating A Market

May 23, 2008 | Leave a Comment

When a full time employee goes on his/her own and starts selling his/her services there is one interesting thing that he provides the companies who may be interested in hiring them:  A Market.
Big companies can’t offer services that they can’t deliver.  But since the contractor offers to deliver services on their behalf, now they have access […]

Feb

7

LLC Partnership Taxes: 1065 and K-1

February 7, 2008 | 1 Comment

A Limited Liability Corporation (LLC) can be treated as an S-Corporation or as a Partnership by the Federal Government Internal Revenue Service (IRS) (you fill out form 8832 to classify it as Partnership). When I established my LLC I made it a Partnership: a very flexible arrangement that allows me to divide the earnings […]

Mar

19

Is Bigger Better? Airbus vs. Boeing

March 19, 2007 | Leave a Comment

For some things it may. For airplanes, bigger has not proven to be better this time on the battle for next-generation airplane sales between the Airbus 380 and the Boeing 787 as much as it did in earlier days of aviation with the Boeing 747. The Boeing next generation plane has 490 firm […]

Feb

24

Book Review: You Call the Shots

February 24, 2007 | Leave a Comment

“Entrepreneurship is more than a type of career; its a way of life.” and Cameron believes that “…anyone can do it. It’s never too early to start a successful business – and it’s never too late, either.”
Cameron Johnson is a prodigious kid that have started 12 successful business before he turned 21. He has served […]

Feb

20

Setting Up a Corporation, Almost Overnight

February 20, 2007 | 2 Comments

There was a day when someone called me, in the middle of the night, to ask me if I would be willing to travel overseas to help him on a project where my skills may be needed: As Soon As Possible (that same week if it could be done). I understood the pain the person […]

Feb

20

Incorporating… Too Many Options

February 20, 2007 | 4 Comments

To me, the main advantage of incorporating is to create a separate entity from my personal life. If my business really goes badly, then it will not destroy my life and that of the partners that may have joined me in my venture. There are mainly three options to do so:

C-Corporation
S-Corporation
Limited Liability Corporation (LLC) - […]

Feb

18

Employer Identification Number

February 18, 2007 | 1 Comment

A requisite for any serious business is to get a Federal Employer Identification Number (EIN). It is the business-world equivalent of the Social Security or Taxpayer Identification Number. You will need to use it to register tax payments of all kinds, including Social Security, Medicare, and Income taxes. Most importantly, you will […]

 

Recomended Links:

* Your Link Here