Deainobasho.info

sentio hero

what’s In A Name – Just Your Business Survival!

Business

What’s so important about how I sign my name?”

I get asked that question all of the time from my business consulting clients.

I tell them that a better question to ask me is this:

“Who cares about how I sign my name?”

The answer is a simple one.

NOBODY.

FINE PRINT: Except… your customers and clients, your creditors, your bank, your mortgage company, your landlord, the I.R.S… oh yes… and anyone else that wants to SUE YOU (and don’t forget ALL their lawyers!).

As in many areas of the law, the exception to the rule swallows up the rule!

What do I mean by this?

Well, let’s start with some basics. For instance, if you’ve already formed a corporation or limited liability company (LLC), you may think that you’re already protected from personal liability in the event of a lawsuit against your business.

In general, the rule is that a corporation or LLC, if formed correctly, and if all of the formalities required under the law of the State where the entity was formed are followed, does protect you from personal liability for business debts and lawsuits.

FINE PRINT: Except… when you choose to do business as an individual, and not as the corporation or LLC that you initially formed.

You see, whenever you sign documents like contracts, purchase orders, contractual agreements, leases, loans, mortgages, promissory notes, and most other legal documents involving your business, you need to make sure that you sign your name only in your business capacity.

You MUST avoid signing your name in your individual capacity.

And how do you do that? It’s pretty simple. You see, the format that you use to sign your name is the controlling factor.

In many cases, you as the business owner, sign your name without knowing how to properly sign your name to business documents. In fact, most business owners of corporations and LLC’s still sign legally binding agreements in their individual capacity…and not as the business.

SIGN AS AN AGENT OF YOUR BUSINESS

If you have formed a corporation or an LLC, you must remember to sign all contracts, agreements, invoices, etc… as an agent of the business.

For example… Many business owners haphazardly, or perhaps inadvertently, sign legal documents like the format shown in

EXAMPLE 1 below:

EXAMPLE 1

(signature)
————————
John Doe

“But what is the consequence of signing my name like in EXAMPLE 1 above to invoices, agreements, or documents?”

EXAMPLE 1 and the above signature format legally establishes that YOU have signed the contract, invoice, loan, or agreement as an individual.

And not as an agent on behalf of your business.

If you sign your name to agreements in the form depicted in EXAMPLE 1 above, YOU could very well be liable personally to meet all of the terms of the agreement.

And you likely don’t want to do this!

Why Simply out, because you’re therefore subjecting all of your business assets and personal assets as well to the risk of a lawsuit.

If you sign agreements as depicted in EXAMPLE 1 above, YOU will very likely be named personally, as well as your business, in any lawsuit filed against the business.

Remember then:

Signing your name like in EXAMPLE 1 above DOES NOT establish that you have signed the agreement as an agent on behalf of your business.

“Okay. So how should I sign my name to my invoices, contracts, leases, loans, or any other business agreements?

What simple step can I take to protect my business, and my personal assets as well?

SIGN DOCUMENTS ONLY AS AN AGENT OF YOUR BUSINESS

Make sure that you only sign legal documents, letters, memos, invoices, loans, leases, etc… as an agent of your business.

How must I sign my name to any legal document or agreement to show that I am signing only as an agent of my business?

Follow EXAMPLE 2 below:

EXAMPLE 2

ABC CORPORATION, INC.

(signature)
———————————–
BY: John Doe
President (Company Title)

If you sign your name on the dotted line following the exact format depicted in Example 2 above, you legally establish that you are only signing as an agent on behalf of the business…and not in your individual capacity.

But you MUST follow the Example 2 precisely.

CAVEAT: Another very important point on this topic.

AVOID SIGNING documents that state “PERSONAL GUARANTY” on them.

A Personal Guaranty is usually a separate legal document attached to the main agreement. You generally see a Personal Guaranty in a loan, mortgage, or lease. However, sometimes a Personal Guaranty can be established just by the way you sign the legal document, invoice, lease, or agreement.

How?

Simple. If the agreement merely has a signature line that has your individual name on it without any reference to your business name, you are signing the document as a Personal Guaranty. You are therefore personally liable for that agreement if you sign the agreement with such a signature line.

But, what do I do if I am being required to sign a Personal Guaranty, like for a business loan or commercial lease for example?

If a Personal Guaranty is required, you or your lawyer should negotiate a limited period of time (the shortest possible) that the Personal Guaranty will bind you as an individual.

Remember, if you formed a corporation or LLC in the first place, you did it to avoid personal liability and to protect your personal assets. Anyone who does business with your company should, and usually does, know this. So, be careful. Other possibilities can be negotiated too. Just do your best not to sign in your personal capacity by signing a Personal Guaranty.

It’s important to remember to only sign legal documents, invoices, and even letters as an agent of your business. (Follow the format found in EXAMPLE 2 above).

How else can I make sure that I am signing my name properly to all of my business documents?

Call your attorney to review all of your agreements, invoices, leases, and legal documents BEFORE you sign them. Your attorney will offer sound advice that protects YOU, your loved ones, and your business.

Now, let’s review.

What’s in a name?

Well… besides your business…

…it could be all of YOUR personal and family assets!

The best advicve especially in the midst of tough economic times or a Recession, is to have any document you sign first reviewed by your lawyer or business consultant.

Copyright (c) 2008. Miguel Mendez, Jr. All rights reserved.

Deciphering The Most Beneficial Home Business Ideas

Business

When you are thinking of home based business tips, exactly what are the things that come to your thoughts? We all know that it is comfortable to work in the comfort of your home, but do you visualize your self in a huge organization in about 10 or 20 years? This is something which a lot of people are trying to take into account and they’re not trying this out simply because they feel that you can’t be successful if you will create a home-based business. Before you decide to guess the future you will likely have, try to have a look at the different benefits that you can obtain if you will start out your house business today.
Earning while you’re staying at home is unquestionably one of the explanations why many individuals are considering home-based companies. They will favor this set up rather than going to the office and worrying your self all day.

With all the internet business concepts that you have got, you’ll be able to literally make money in the convenience of your home. You don’t have to go outside and operate in the place of work.

Most of you’ve got always desired to work at home and you’ll be able to expect that a home-based business could make this feasible. This will definitely assist in decreasing the stress in your workplace.

Numerous people actually wished to have flexible working hours and you’ll need to expect that home-based companies can help provide this. Are you already sick and tired of working from early morning until afternoon? You will surely have a flexible time if you’re going to operate in your home and start generating revenue.

You will have all the time in the world to work in your house. You can start out working for an hour or two or start late. You cannot do this if you’re working for a company simply because they actually a very rigid time frame that they’re always employing. Nevertheless, home-based companies will offer you the time versatility that you always desired.

The folks who considered online business concepts started out to realize that it is cheaper and more profitable to start out your firm at home. Generally, the operation expenses will not be included when you’re only working at house and you don’t have to spend a lot of money or borrow cash to build your business.

It is possible to also have the chance to expand your business with respect to the customers that you already have and the money that you are making. This is undoubtedly a great concept if you’d like to generate income with no need to spend a lot for a company. The income will not easily come to you when you begin the business, but if you understand what you are doing, it will certainly develop into something wonderful.

It is feasible to always check out the best home based business ideas because of their benefits. You are able to earn plenty of money even with no need to spend a lot for the operation costs or prepare a large capital. If you know what to do, you will definitely advantage from this.

Weaknesses And Strengths Of Owning A Family Business

Business

Family businesses have a different set of circumstances, then regular businesses, which they should be aware of.

This article will attempt to address some of the strengths and weaknesses of a family business, so that you can help to improve your family business, by addressing the weaknesses and optimizing your strengths.

First I will start off by addressing the 3 main weaknesses that come with owning a family business.

1) Less Concern over profits – Family businesses sometimes have a tendency to focus on things that don’t necessarily bring their company the most profits. They will often try to lower the price of their product, and raise their products quality, which will usually hurt the companies profits per sale.

Family businesses tend to have much lower profit margins that publicly owned companies. Studies have shown that the family businesses tend to have half the profit margins of publicly owned companies. This is partially do to the fact that public companies feel required to show growth, in earnings were as private businesses usually don’t feel as much of an obligation for increasing revenue.

2) Non-Financial Goals – Small business owners have the ability to pursue their own goals. These desires and goals may not always be in the companies best interest. Publicly owned companies on the other hand feel pressure from the share holders, and thus will be much less likely to do things that aren’t intended to help the company.

3) Nepotism – Family businesses sometimes feel an obligation to promote and hire family members, solely because of their relationship. The business owner(s) will often overlook people that are better suited for the job, in order to hire family members who may or may not be the best choices. This can wipe out a companies profits, and cause problems within the company.

Next, I will mention the strengths that family businesses have over public companies.

1) Greater Sacrifices – In family businesses, the members of the family are more likely to work extra hours, and get paid less, because they know that they are helping there company, and they are working to help their family. They will often not take dividends unless the company has a surplus cash flow.

2) Company Loyalty – There is less turnover in family businesses, specifically with management, this makes it much easier to keep employees for long periods of time. In non family businesses the managers of a company will often go to a competitors company, in order to get an increase in salary, or they may even set up their own company. If a family member does decide to quit the family business, it is very unlikely that they will go to work for a competitor.

3) Greater Employee Interest – Employees for family businesses are interested in improving the companies profits where as the employees of larger public companies, will often just work the 40-hour workweek, and then go home. Taking their salary with them. Family business employees on the other hand will try very hard to make sure that their company is successful, often putting in extra hours.

4) More Teamwork – Members of family businesses don’t have to try to figure out the motives of their fellow employees, they know that whatever the other employees want will usually be in their and the companies best interest. This makes communication, and teamwork much easier.

For any business it is essential that the company recognizes its weaknesses and deals with them, and that they also recognize their strengths, and try to utilize them for the biggest advantage. If you are the owner of a family business, you should figure out what your companies strengths and weakness are, and what you should do about them, to try to benefit the company the most.

Whats The Business Value Of Soa Show It With Kpis

Business

Whats the Business Value of SOA? Show It with KPIs

If youre in IT, youre being asked to add more business value than ever. In fact, todays CIOs are being asked to become drivers of the business while at the same time many are trying to replace old and inflexible infrastructures with modern and flexible ones, according to InformationWeeks Analytics 2009 Global CIO Survey. This report adds that across the globe CIOs are fighting the stubborn perception that IT in generaland CIOs and their teams in particularare cost centers rather than creators of value and accelerators of innovation. Does this sound familiar? Whether you already have an SOA in placeor youre just getting started with SOAit is essential to prove business benefits.

Today, measuring cost and revenue impact as well as other SOA metrics is vital to any leading organization. Measuring the value and tracking changes to these metrics are critical as your SOA grows and its portfolio expands. Recent surveys from Forrester Research show organizations are increasingly implementing SOA as a business enabler. Furthermore, recent Gartner research concluded that:

More than 60% of organizations said their SOA projects had a positive impact on their organizations ability to grow revenue; and

SOA projects generated positive returnstypically within 10 months
A proven way to demonstrate an SOAs business value is through Key Performance Indicators (KPIs). KPIs use a language your business colleagues understand: metrics. They give you the means to measure a return on your SOA investment and directly link SOA projects to real business improvements:

What KPIs you can use to start measuring SOA results

How leading organizationsAvnet, Coca-Cola Enterprises and France Telecommeasure how SOA contributes to business success

How Software AG can help you analyze and deliver on your SOA-based KPIs

Software AG, provides a complete solution for SOA Governance, CentraSite, that enables customers to manage their IT assets and measure their business value.

If youre looking for an introduction to SOA, please read our book, SOA Adoption for Dummies.

How Steeple Analysis Evaluates External Business Environment

Business

STEEPLE analysis considers various external factors that can influence business performance of a company. This tool is often used to identify those factors that can influence business or organization. There are seven areas that STEEPLE analysis takes into consideration.

Thus, STEEPLE analysis deals with political, economic, social, environmental, legal, ethical and technological factors that have both positive and negative impact on the company or entire industry.

Why is use of STEEPLE analysis recommended for businesses? This is a very good way of analyze and external environment in which the company is operating. Moreover, STEEPLE analysis can also offer suggestions on how to respond to challenges and solve problems, if any.

One of the most common mistakes in use of STEEPLE analysis is separate consideration of various factors. They are all interrelated and thus have to be analyzed in complex. Besides, one should come up with suggestions and answer the question What does it mean for my company? Response and counter actions are required.

Such factors can generally present strengths and weaknesses, threats and opportunities in various external environments every company is bound to operate in. This article will offer a short overview of the seven external factors that can influence business performance as well as focus on pros and cons of STEEPLE analysis.

Social factor often includes demographics, social and labor mobility, changes in lifestyle, balance of work and life, education and fashion, health and welfare, poverty levels, work security and living conditions, as well as income distribution. In other words, this is information related to social trends.

Technological factor studies new developments and discoveries, speed of technology transfer, use of energy, the impact of IT Technologies on business, Internet progress, spread of mobile technologies, average spend on IT etc. Every company should keep up with technological progress.

Economy is all important, especially for companies operating in the international market. This factor studies monetary policy, government spending, taxation issues, inflation, exchange rate, unemployment policy, general economic situation, customer expectations and purchasing power etc.

Environmental issues are very hot these days, as people came to understand they have to take proper care of nature. This factor addresses global warming, carbon emissions, climate change, environmental regulations and legislation, green agenda etc.

Politics is inseparable part of social processes. This factor studies political situation, results of elections and possible consequences for the business, governmental decisions on regulation of business relations etc. Very often political decisions are made to normalize economic situation in the country.

Every company is operating in a certain legislative system, and thus should comply with the applicable laws. Legal departments of companies must pay a special attention to corporate governance, and international trade regulations, legislation on competition and monopoly etc.

Ethical constituent is very important as well. Client confidentiality, business ethics and reputation are very important factors to consider.

Among key advantages of STEEPLE analysis are focus on external factors that influence company performance and ability to respond to certain challenges. Some business analysts claim that STEEPLE analysis only underlines something that is already known, and this viewpoint has also its supporters.

Virtual Tour Can Increase Sales Of Business

Business

People in Kelowna, Vernon and Penticton can enjoy virtual shopping experience from home. There are certain sites that showcase virtual tour on hotels, restaurants, wineries and sports venues to its US and Canadian clients. Through this tour, customers will know more about the product with the help of a click. Nowadays, most of the people are so busy in their work that they do not have time to visit a shop for shopping. Most of the people want to know in advance, whether their product is sold in a particular shop. They dont want to waste time searching their product from shop to shop. So if a shop owner showcases their product through virtual tour, people will know whether their required product is available in that shop and order it online or just go that particular shop and buy that product.

Virtual tour can increase sales of clients business. For example, before visiting a restaurant many people would want to know more about the place, type of food served and its ambience in advance. After a deal is made, business people generally throw a party to their clients. Business people get confused as to where should they give a party as they do not know much about the restaurant and its ambience. One best thing that they can do is to take a virtual tour of the restaurant. Through this they will know more about the place within a short period of time.

Nowadays you can find there are various websites that offer virtual tour on real estate. Buyers find it difficult to have a look at each house. It is very tiring and waste of time. With the help of this tour, buyers will be able to analyze the house properly and find out whether it is their dream house or not. In virtual tour, you will know exactly as to how the house looks like. How the balcony, bedrooms, bathroom or kitchen does look like.

Nowadays, even retail stores are providing online virtual shopping experience to their customers with the help of 3-D graphic images of products and services. Virtual shopping can be enjoyed for broad range of goods and services such as fashion accessories, travel kits, home decoration items etc. Some major benefits of virtual tour are they are comfortable, convenient and customers can view their goods and services from one place without moving from one store to another. Customers can take their own time for shopping without waiting in mall lines. In addition, you dont have to look for parking space while shopping online.

Virtual shopping ensures product quality, excellent pricing, online credit or debit card payment, quick delivery, time saving and easy retail shopping experience.

How Office Cleaning Services Can Improve Your Business

Business

Your business and your office represent a major investment of your time, effort, energy, and finances. Keeping them up and running effectively is important for many reasons, then, and the payoff for keeping things in great shape is multifaceted. A clean space allows more work to get done and keeps your employees happiness levels higher. In order to get the best service and cleanliness possible, you can seek expert help from people who have been in the business for many years. Quality office cleaning services in Gainesville, FL, are a necessary part of running an office, and there are many benefits to utilizing an outside service.
A Clean Office Is a Happy Office
The benefits of having a clean office over one that does not receive regular, thorough cleanings are too numerous to count. For one, a space that is more sanitary prevents the spread of germs and diseases, which not only keeps everyone healthier, but also keeps people working harder and cuts down on time spent at home, sick.

In addition to physical health, a clean office leads to better morale, whereas a cluttered space leads to cluttered minds, and it is hard to work efficiently in a dirty space. This also leads to better employee retention, since no one wants to work in a disgusting space, and someone with real talent wont stick around for long if they do not enjoy the office in which they work every day. If things are kept clean and nice-looking, people are much more likely to work hard and stick around.

When your companys reputation is on the line, you want everything to be as perfect as possible. Being known for a clean, tidy, and pleasant office space can go a long way, and the benefits you will reap will be well worth the effort.

Take Care of Business

To make things easy on yourself, sign up for a cleaning service and get on a regular schedule. Something consistent, regular, and thorough will keep things clean and make sure they run smoothly. When setting up your services, you can discuss your exact needs and expectations, rather than just hoping that things work out for the best, and you can monitor the state of the office over time to make sure that those needs and expectations are being met.

Benefits of a Contractor

When considering office cleaning services in Gainesville, FL, your two main options are to set up a contract with an outside company or to hire someone in-house to work for you specifically. While both options have pros and cons, hiring a contractor has many benefits. First, the employees of the company should be licensed and insured, which could be a lot of work to obtain if you were taking care of it all yourself. There is also the benefit of using someone professional and experienced, even if you are new to the business. The company will know how things normally work (although you can personalize your contract as much as you desire) and how to keep things running smoothly. Cleaning companies already have efficient systems, preferred vendor relationships for cleaning products and equipment, the benefit of cheaper costs for materials because of buying in bulk, and more. The company will also take care of staffing, subs, etc., taking one more responsibility off of your plate. Additionally, since companies are eager to maintain their contracts, the quality of work is often higher because the employers hold their employees to very high standards. Quality work, good prices, and years of experience make these kinds of packages very cost-efficient and very beneficial to your business.

Conduct Online Business Properly And Securely

Business

With the advent of technology, the ways of conducting business have also improved staggeringly. E-business or online business is the use of communication technologies and information so as to support all the activities of a business. Commerce can be defined as the exchange of goods and services between groups, businesses and/or individuals. It is an integral part of any business. Online business is aimedat the use of communicating information, technologically, so as to improve business relationships between various businesses or a group of individuals. In the year 1997, the term was first put forth by the IBM marketing agency, Ogilvy and Mather. IBM published an eight page article in the popular business magazineThe Wall Street Journal where they pioneered the use of information technologies in conducting a business but they did not copyright the term e-business so as to allow other businesses use it to promote their business. But, in the year 2000, when nearly all the businesses started using this technology, IBM launched a $300 million campaign where they introduced themselves as the pioneer of e-business and advertised their own e-business infrastructure abilities.

If you are looking towards conducting big deals online, there are a few tips you need to remember which are

Make sure the companies with whom you are dealing with are reputable and well advised
When you sign a loan or credit application with a business for your online deal, be sure to check out whether the company stores this information or deletes them instantly
Check out the companys privacy policy and ask them how your information will used
If you are using a bank account number or a credit card while doing business online, keep a copy of all the important details like credit card and bank account numbers, the credit limits and the expiration dates of your card
Keep the phone number of the anti-fraud department handy in case you have been duped
Only provide you PAN number or Social Security number in case of government activities and nothing else
Make sure the website you are using to conduct business is secure (check for the word https:// in front of the web address) otherwise dont conduct the business.

Whether you are looking for online services review or the best restaurant deals online, you can always visit dealshi5.com for each and every deal available all throughout the country. They are a website for registering all online events in the country and help you locate the business you require for your purpose with the help of online maps.

Characteristics Of Business Phone Services

Business

Businesses put much accentuation on cutting their operational costs of which the business telephone bill is a significant cost. This issue might be appropriately tended to with a scope of cheap business phone alternatives, each one conveying distinctive rental arrangements and diverse service quality.
The ordinary phone line, likewise alluded to as the landline is suitable for an office with few connection utilized by ten workers or less.
The brilliant business broadband or the fiber optics broadband connection.
The internet subordinate Voip connection for a lessened call cost
The superfast fiber optics connection is not key for little businesses as lower number of connection and clients permit the conventional choice to perform well without bargaining the quality or proficiency of service.
The fundamental characteristics of business phone services are:
Cheap Rates:
The most paramount concern while choosing cheap business phone services are the call expenses caused. Business phone lines, particularly landlines are cheaper than local landlines. Business landline bundles accompany an assortment of gimmicks which infers that the expense of the bundle will extraordinarily fluctuate as indicated by the peculiarities chose.
Rental Cost: Most business landline bundles accompany a fundamental rental charge, which is the cost that is brought about to utilize the telephone set and link charges.
Landline Types: Vendors offering cheap business phone services by and large different sorts of landlines including single and numerous simple lines, Isdn2e, a great single and Isdn30, a various channel advanced line.
Different Lines: Some businesses require more than one landline connection and merchants of business phone connection have cheaper rental arrangements with expanded number of connections.
Call Rates: Different cheap business phone bundles offer distinctive call charges in the classifications of nearby landline, portable, national and global calls, off-peak and peak calls.
Arrangements: Customized bundles made up of a blending of call decisions for instance rental charge, nearby call, portable or off crest call alternatives. For instance, if a business makes more universal calls, a global call cost saver bundle could be picked.
Topped Call Charges: Some business phone line sellers offer the alternative of topping or altering a specific kind of calls, for instance, if a business makes more call to portable numbers, the bundle could be modified to settle those calls at a specific rate.
Simple to Remember Numbers: On unique solicitation, business phone service suppliers can give simple to recall contact number for clients and for printing on the business leaflet.
Upkeep and Support: Though for most business managers the call expenses are an essential concern, for some the accentuation is put on the help service accessible with the phone connection. Business connection by and large get more elevated amount of help service contrasted with household lines as a couple of hours of downtime can mean considerable budgetary misfortune to the business.
For more information about Business Phone Line, Business Landline and Business Broadband please visit the website.

Ways To Finance Your Vending Machine Business

Business

When starting a business, theres that one big wall that block your way, and thats your startup money. Without money to fund your business, there will be no business at all. So how and where can you get money? Read on to get some ideas on where you can find funding sources for your vending business:

Home Equity Loan
Most people immediately think of getting a standard business loan when thinking of financing a home business or business startup. While this may be appropriate, do not fail to consider using your home as a bank.

Small Business Administration Loan
Banks administer this loan and are more favorable to this type than a standard bank loan because they are only liable for 15% of what they loan (the government carries the other 85%). There are a number of types of documentation required with this loan, but it is certainly worth the trouble if you are willing to follow the process.

Standard Bank Financing
This financial source is probably the most difficult, yet not impossible with good credit and some net worth. Banks typically do not look favorably at vending machine loans and consider them risky because they are not considered a fixed asset.

Invest Your Tax Return Money
For a lot of people, April 15th is bonus time every year as they receive tax returns with earned income credit and deductions for kids. You can use this to slowly build your vending business. Its a great, safer way to build your business.

Family Loan
In some cases, a family member may be favorable to loaning you the money for starting your home-based business. While there may be relationship risks to this setup, it needs to be considered as an alternative to standard business financing. Some family members would rather invest in your business vision and draw a little interest rather than lending it to a bank at 2-3%.

Sell Items You Dont Need
If you badly need to create an income steam, opt for this least popular fund source. How about downsizing your car and investing the money in machines? Why not have a huge yard sale to raise $500-$1000? Why dont you downsize your home and invest your profits in the business? All of us have some money around us in our life that we could put to work.

Lease Purchasing
An option to getting into the vending business is to make an offer to buy an established vending route by lease-purchasing. You agree to lease the route from the seller with an option to buy at the end of the lease period. You invest your profits from the lease period into the purchase of the business or you can continue leasing for the cash flow you are receiving. Remember to get legal help in setting up any contractual agreement like this.

Owner Financing
Not that always easy to find but dont let it stop your from asking the seller of a vending route for it, especially if you have some money to put down.