Corporation – AmeriLawyer – Incorporate, Trademark & Asset Protection

Is This The Right Time To Start A Business?

March 8, 2016 Spiegel & Utrera, P.A.

With the 2016 presidential election right around the corner and the race to become the most powerful leader in the world, it is no surprise that the subject of “small business” is starting to pop up more and more in the campaign trails and televised debates. Every candidate, whether a Democrat or Republican, has a different strategy when it comes to startups leading to entrepreneurs wondering if this is the right time to start a business. We’ve heard many ask if it’d be best to wait after we elect a new president. The answer is always NOW! We want to help you understand the ins and outs of starting a business and to succeed as an entrepreneur.

Many entrepreneurs rush in and launch their business without the proper advice and without thinking it through. To begin, seek the advice of a professional, attorney and accountant, and ask yourself a few questions:

Who will you sell to? Who is your market share? The more narrowly you are able to define your target market, the better. Whether it’s teenagers, elderly, midsized businesses, hotels, narrowing the scope helps you focus to their specific needs. You will need to do some market research to discover the most profitable target market for your services or products.
Who is your competition? Have your friends close, and your competition even closer. When you conduct the market research, it will reveal your competition. Who are they, what are they offering, and what you can do better. What are their key advantages and selling points, what can you offer that is better or different to meet the customers’ needs?
Where will you be located? Many businesses today are virtual; they have a telephone, fax, scanner and that is it. But location, depending on the business, may affect your startup costs drastically if it has to be a brick and mortar business. Do you need to rent a commercial business location or could you get by in a small space or working from a home office?
How much will it costs to get started? How much capital do you need to start this business? Be sure to include incorporation costs, costs of location costs of inventory, equipment, taxes and employees. A good rule of thumb is to have enough to finance your business for 6 to 18 months.
Who will do the work? Do you need to hire staff? If so, that adds to the expenses. How much of the work can be done by you and your loved ones? Many times clients start as a one man show. As demand for your products or services increases, so would you need to evaluate manpower. Take a look at the situation on a day-to-day basis.

Taking all these things into consideration can help you start your business or your second business. Always do your homework, but do not delay in taking the plunge; if you do not risk you will not reap the rewards!

Check out our Radio Show for valuable insight from a seasoned entrepreneur on How to Start a Business.

If you are a member of Spiegel & Utrera, P.A.’s General Counsel Club and have questions about starting or running a business, call (800) 734-9900 or clubassist@amerilawyer.com for assistance. Remember, as a member of the General Counsel Club, you receive unlimited legal, business, credit and tax advice all year long.

Spiegel & Utrera, P.A. is a corporate law firm with its main offices located in Miami, Florida with offices throughout the United States. As a law firm, we do more than just help you form your business entity. We stand ready to help with the maintenance of your legal business entity! We will assist you with Incorporation Service, Trademarks, Copyrights, Estate Planning, Legal Counsel, Wills, Trusts, Agreements & Leases, Corporate & Company Changes.

Georgia Annual Registration

March 4, 2015 Spiegel & Utrera, P.A.

We would like to bring to your attention that Corporations and LLC’s registered or filed with the State of Georgia is required to file an annual registration. Annual registrations are due by April 1st of each year and may be filed as early as January 1st. Entities that do not timely file annual registrations, together with all required fees, may be subject to administrative dissolution or revocation of their authorization to transact business in the state of Georgia.

An entity that is administratively dissolved may reinstate by filing an application for reinstatement along with a $100 filing fee and any unpaid annual registration fees. However, if another entity has filed under that corporation’s name during the period of administrative dissolution, a new name must be selected.

Avoid reinstatement fees and possibly losing your company name. Submit your Corporation or LLC HERE so that we can assist you with the required Georgia Annual Registration. Spiegel & Utrera, P.A. normally will contact you within 4 business hours to assist you with your annual registration.

The maintenance of your Corporation or LLC records are important and required by law. Filing your annual registration, preparing the notice and minutes of your annual meeting and maintaining your registered agent status is an easy way to maintain your corporate records, your corporate veil and to protect yourself from personal liability.

If your corporation is no longer doing business, please take the necessary steps to dissolve your Corporation, LLC or Partnership. By dissolving your entity properly, your entity will not be subject to identity theft or some one high jacking the entity, you will also no longer be responsible for state annual fees and state and federal taxes for your entity.

Visit our website for more information and to make sure your interests are protected!

Email: info@Amerilawyer.com

7 Tips On How To Fund Your Business

February 24, 2015 Spiegel & Utrera, P.A.

Whether you are a new business seeking initial capital or already up and running and looking for money to grow your business, remember to stay flexible and remain vigilant.

A majority of businesses receive their funding from many different sources phased out overtime. There is no such thing as funding that is easier to come by than another. Here are several options to fund your business:

Friends and Family. Obtaining funding from friends and family is the most popular way to get seed money for your business. This type of funding is structured best as a one-year loan with high, low, or no interest. Remember that all parties are encouraged to get legal advice with regard to the lenders documents.
Product Presales. Selling your products can be a highly effective way to raise money for your business. Keep in mind foreseeable issues such as coordinating inventory delivery, having enough products for pre-sale and anticipating back orders.
Small Business Administration Loan. The Small Business Administration (“SBA”) offers two types of loans to entrepreneurs who need capital for their business: the 7(a) guarantee small business loan and the 504 fixed-asset small business finance program. Prospective borrowers can inquire about these loans at banks affiliated with the SBA.
Angel Investors. Angel investors have helped with several big companies including Google and Costco. This form of investment typically occurs in a business’s early stages where investors expect a 20 to 25%return on their investment.
Selling Assets. Many entrepreneurs are in possession of items such as cars, jewelry, antiques, etc. that can bring in a large amount of money if sold. Consider selling your possessions as an alternative financing method for your business.
Renting your Residence – There are many websites that allow you to rent your home or apartment for days at a time or months. Potential issues that can arise would be making sure you have a place to stay during the rental time and a place to work if you usually use a home office.
Lending from high-net-worth individuals. Lending from these individuals can be done through convertible debt or terms of credit. Convertible debts is a blend between debt and equity. It is secured through a convertible note and carries a per annum interest rate until some point in the future when it converts into equity. The conversion usually occurs during the next round of financing and is given warranty coverage or discounted based on the company’s valuation. Terms of credit are only usually given to companies with a solid track record. They come in the form of a senior secured loan with a high liquidation preference, meaning they must be repaid before all other debt or equity holders.

Visit our website for more information and to make sure your interests are protected.

Protect Your Business With An Employment Agreement

February 19, 2015 Spiegel & Utrera, P.A.

A recent state court decision continues to allow employers to include a waiver of class action lawsuits by employees within the employment arbitration agreement. The court reaffirmed the idea that class action lawsuits are procedural, the purpose being to ease the burden on the court when a large groups seeks to sue another party, and not a substantive right, such as life and liberty as protected by the Constitution.

The court also rejected the idea that this waiver violates employee rights to engage in collective bargaining. In whole, the court’s decision makes for greater enforceability of arbitration clauses within employment agreement between your business and your employees and greater protection for the investment you have made into your business through the protection of an employment agreement.

Allow Spiegel & Utrera, P.A. to prepare an Employment Agreement that will help you protect your business. Visit our website today for more information and to make sure your interests are protected.

Why Should I Form a Professional Corporation

January 13, 2015 Spiegel & Utrera, P.A.

There are many advantages when forming a Professional Service Corporation. Professional corporations are entitled to favorable tax treatments, liability protections and other benefits provided under the corporate structure. It’s operated by professionals such as: physicians, chiropractors, dentists, veterinarians, physical therapists, pharmacists, registered professional nurses, licensed practical nurses, licensed midwives, podiatrists, optometrists, opticians, engineering and land surveyors, architects, landscape architects, public accountants, shorthand reporters, psychologists, social workers, massage therapists, occupational therapists, dietitians and nutritionists, speech language pathologists and audiologists acupuncturists, interior designers, athletic trainers, mental health practitioners and respiratory therapists.

It may be that the shareholders of the professional corporation may only be other professional licensed or otherwise legally authorized to render the same professional service as the Professional Corporation or Limited Liability Company. Of course, employees of the professional corporation such as clerks, secretaries, bookkeepers, technicians, and other assistants who are not licensed are not considered to be rendering professional services. It may be that transfers of stock or membership interest may only be made to licensed professionals or professional corporations or professional limited liability companies.

Tax Advantages?

The answer is YES! The benefit of forming a professional corporation can be substantial, compared to the inexpensive cost of forming such an entity. There are several tax deductions professional corporations can take advantage that other types of businesses can’t. For example, the salaries and bonuses paid to owners and employees are tax deductible.

With the skyrocketing cost of healthcare it becomes a necessity that individuals carry health insurance on themselves and their families. Sole proprietorships and partnerships are currently able to deduct only a portion of the health insurance costs from their taxes, which can be prohibitive to many or inhibit obtaining insurance coverage. A professional corporation, however, is able to fully deduct the cost of accident and health insurance plans for its employees and their families. This deduction could also extend to the cost of reimbursing employees for their uninsured medical expenses. Furthermore, a professional corporation may be able to deduct the cost of life and disability insurance.

What about Legal Advantages?

Professional Corporations can be important for those who practice in a group or with another physician. In this situation, the use of a Professional Corporations can protect against personal liability for the negligence of a partner. That’s a good reason why group practices are often structured as a single Professional Corporations or as a partnership of Professional Corporations with each physician owning his own corporation.

Spiegel & Utrera, P.A. lawyers are qualified and highly experienced in Forming Professional Service Corporation and Limited Liability Company. For over 20 years Spiegel & Utrera, P.A. has been serving its 260 000 clients with the utmost respect and quality services. Our prices are the lowest in the industry and we guarantee a top rated service. Make sure to visit our website today for more details!

www.Amerilawyer.com

To find more information about Forming a Professional Service Corporation click here:

http://www.amerilawyer.com/form_a_professional_service_corporation/professional_service_corporation.htm

Phone: (800) 603-3900
Email: info@Amerilawyer.com

“Understanding your business is our business”

Form a Sub Chapter S Corporation with AmeriLawyer

January 7, 2015 Spiegel & Utrera, P.A.

The Sub Chapter S Corporation is an attractive form of doing business because it combines the business and legal characteristics of a corporation with many of the income tax characteristics of a partnership. For flow-through of profits and losses to the owners, the Subchapter S Corporation is treated in a manner similar to a partnership. For other purposes, such as limited liability, distributions, redemptions and reorganizations, the Sub Chapter S Corporation is treated much like a regular corporation.

What are the tax benefits of a Sub Chapter S Corporation? A regular Corporation is subject to federal and state Corporate Income Taxes. Therefore, profits are taxed first on the corporate level and then again at the individual level of the shareholders to whom the profits are distributed.

This double taxation could result in a combined taxation rate of 70% or higher! A Sub Chapter S Corporation is exempt from federal and state corporate Income Tax, so that the earnings of the Corporation flow directly to the owners.

What are the requirements of a “small business corporation?” A small business corporation is a domestic corporation that:

– Is not an ineligible corporation (such as a bank, insurance company, possessions corporation or domestic international sales corporation);

– Does not have more than 100 shareholders (spouses and families are now counted as one shareholder);

– Does not have shareholders other than individuals, estates, certain trusts, or certain tax-exempt organizations;

– Has no nonresident alien shareholders; and

– Does not have more than one class of stock (i.e., has only common stock, not both common and preferred).

Starting a business is hard work, but that does not mean that it needs to consume your entire life. Let Spiegel & Utrera, P.A. relieve your stress so you can enjoy the freedom and independence that led you to start your own enterprise in the first place. Call us or Email us today so that we can serve you by setting up your Sub Chapter S Corporation.

For one low fee, your Sub Chapter S Corporation is COMPLETE and

INCLUDES FREE State Filing Fees.
INCLUDES FREE Corporate or Company Seal and Book.
INCLUDES FREE Certificate or Articles of Incorporation or Organization.
INCLUDES FREE Company or Corporate Minutes.
INCLUDES FREE By Laws.
INCLUDES FREE Membership or Stock Certificate.
INCLUDES FREE Preliminary Name Search.

Yes, even INCLUDES Attorney’s Fee (No Hidden Attorney Fees).

Visit our Website today!

http://www.amerilawyer.com

To find more information about Sub Chapter S Corporations click here:

http://www.amerilawyer.com/form_a_sub_chapter_s_corporation/sub_chapter_s_corporation.htm
Phone: (800) 603-3900
Email: info@Amerilawyer.com

Why Should You Form A Corporation

January 2, 2015 Spiegel & Utrera, P.A.

The formation of a corporation as a business entity can help reduce your taxes and also provide peace of mind by protecting your personal assets. Here at Spiegel & Utrera, P.A. we want to help you Incorporate a Business and we have put together three advantages on how you can enjoy its benefits.

The most important reason to incorporate is to protect yourself from personal liability. When you incorporate, you are forming a legal entity that is separate from yourself as an individual. The Corporation has powers vested upon it that allows it to make all the decisions that an individual may make. For example, the Corporation may enter into leases, the Corporation may borrow money, it may buy goods and services on credit, and in all cases you are not personally liable for the transaction. If a problem arises, the only recourse would be against the Corporation, similarly, if anyone were to ever file a lawsuit for an action arising out of the business of the Corporation, that party would not be able to go after your personal assets such as your home, or car or boat etc., as long as you comply with the formalities of a Corporation. Therefore you have the peace of mind knowing that your personal assets are safe.

Tax Flexibility

One of the greatest advantages of forming a corporation is that you can elect to be taxed as a corporation. You could avoid double taxation of corporate dividends and profits by choosing Sub Chapter S tax status.

When you incorporate, you are forming a legal entity that is separate from yourself as an individual. The Corporation has powers vested upon it that allows it to make all the decisions that an individual may make. For example, the Corporation may enter into leases, the Corporation may borrow money, it may buy goods and services on credit, and in all cases you are not personally liable for the transaction. If a problem arises, the only recourse would be against the Corporation, similarly, if anyone were to ever file a lawsuit for an action arising out of the business of the Corporation, that party would not be able to go after your personal assets such as your home, or car or boat etc., as long as you comply with the formalities of a Corporation. Therefore you have the peace of mind knowing that your personal assets are safe.

Spiegel & Utrera, P.A. lawyers are qualified and highly experienced in Forming Corporations, Limited Liability Company and Sub Chapter S Corporations. For over 20 years Spiegel & Utrera, P.A. has been serving its 260 000 clients with the utmost respect and quality services. Our prices are the lowest in the industry and we guarantee a top rated service. Make sure to visit our website today for more details!

www.AmeriLawyer.com

To find more information about Incorporating a Business click here:

http://www.amerilawyer.com/form_a_corporation/corporation.htm

Phone: (800) 603-3900

Email: info@Amerilawyer.com

“Understanding your business is our business”

Posts tagged Corporation