Category Archives: Entities
Both a joint venture (JV) and a partnership consist of co-owners of a business enterprise sharing the profits and losses. However, typically a joint venture is set up for one transaction or a series of transactions. Therefore, joint ventures are generally distinguished from partnerships by being more limited in both scope and duration. Do you know what business entities can form a JV, and how its done?
Join Bill and Rick to learn when and why a JV might be right for your business.
Join Bill and Rick with their special guest, Daphne Mallory, ESQ., to discuss the benefits and marketing strategies unique to a family-owned business. Once formalized, a family business can lead to not only prosperity in the workplace, but more quality time developing family relationships, as well as emotional ties that forge new commitments of trust between business owner and clients. Daphne Mallory, Esq. is a Contributor for The Entrepreneur Magazine and The Huffington Post, media personality, and international speaker and trainer on Family Business. Moreover, her work and life has been featured on ABC, CBS, Fox and NBC, The Dr. Oz Show, Self Magazine, Woman’s Day, Essence Magazine, Massachusetts Lawyers Weekly, Brown Alumni Magazine, and Black Enterprise. She is the talk show host and producer of Family Business with “Daphne” on 103.9 FM KDKI.
The answer to whether or not the beneficiary of an estate has any say in the management of that estate depends on the document under which the beneficiary is to acquire rights in the decedent’s property (i.e. Living Trust versus a Will). Likewise, the say of a beneficiary in the management of Trust property will be different before and after the death of the Settlor of a Trust. In this show, Bill and Rick explore some of these distinctions and alert eligible beneficiaries about exactly what their expectations should be.
There are many scams that are ongoing in the small business asset protection world. Simply, there is much false information spread about concerning business credit issues and even so-called protection “policies” sold by non-licensed professionals. In this show, Bill and Rick explore both what asset protection means for small businesses, as well as what it should not mean. Once convinced you should employ asset protection tools for your business, and you should, learn how to ensure its proper adaptation to your particular business model and avoid the “oversell” scammers.
Sponsors:
Bill Pyott
New York Life
949.215.7078
wfphott@ft.newyorklife.com
Bill Bernard
WFB Legal Consulting, Inc.
949.413.6535 or 949.698.6222
bill@wfblegalconsulting.com
Business owners don’t often realize that liability insurance and entity liability protection serve two different purposes. However, both liability insurance and entity liability protection help to minimize the risk of financial losses as a result of a lawsuit. In this show Bill and Rick distinguish the two protections available to business owners and point out the conditions during which each come into play.
Sponsor:
Steve Smith
GrowthSource Coaching
949-951-9163
http://growthsourcecoaching.com
All too often people confuse their responsibility for debts incurred by one spouse or the other. Responsibility for debts owed are not only premised on the State in which you reside, but, also on whether the debt was incurred before, during or even after the termination of a marriage. Hence, if your business is not protected, it too can be the subject of debt collection between the spouses, or even a source of debt that can affect the personal assets of the family. In this show, Bill and Rick put a defining perspective on when, how, and under what conditions, incurred debts may be jointly “owned”.
Pursuant to the California Corporations Code, there are certain specific items you must keep available at your place of business to comply with entity requirements. As an adjunct to an earlier show dealing with Practical Business Entity Tips, Bill and Rick discuss the “brick and mortar” office requirements as they apply to an LLC–the entity about which the most frequent questions have been submitted by viewers of the show. Learn what and where relevant documents need to be kept and what you must implement should you decide to dissolve your business entity.
