Tips for partnering with a Virtual Assistant
I am often asked what’s the best way to choose a virtual assistant to partner with. I always encourage folks to go with their gut instinct. Find a virtual assistant that is a “fit” for them. There are so many virtual assistants out there that you are sure to find someone that you feel comfortable with and that can provide you with the services that you need. If you are on Twitter for instance ask folks for recommendations.
Ask questions! If you are looking for a virtual assistant that is going to perform the work themselves don’t just assume that… Continue reading
What business structure is right for me? Part:5 Limited Liability Company (LLC) | Small Business Information
Limited Liability Company (LLC)
The LLC is a relatively new type of hybrid business structure that is now permissible in most states. It is designed to provide the limited liability features of a corporation and the tax efficiencies and operational flexibility of a partnership. Formation is more complex and formal than that of a general partnership.
The owners are members, and the duration of the LLC is usually determined when the organization papers are filed. The time limit can be continued, if desired, by a vote of the members at the time of expiration. LLCs must not have more than… Continue reading
What Business Structure is right for me? Part 2: Sole Proprietorships
Sole Proprietorships
The vast majority of small businesses start out as sole proprietorships. These firms are owned by one person, usually the individual who has day-to-day responsibilities for running the business. Sole proprietors own all the assets of the business and the profits generated by it. They also assume complete responsibility for any of its liabilities or debts. In the eyes of the law and the public, you are one in the same with the business.
Advantages of a Sole Proprietorship
- Easiest and least expensive form of ownership to organize.
- Sole proprietors are in complete control, and within the parameters… Continue reading
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