10+ yr business just now incorporated (added partner) how to structure "profit", I labor he is erudition. losing $
Question:I started built+ labored ten years building motorcycle business and reputation. friend bought into half of inventory not tools and I/we incorporated. Im mechanic, settle 1/2 bills, get no "pay" and split profit monthly. when are we "even"? how should this be structured? Wife say I should be paid labor in the past profit is tallied and we are not equal partner, rather he should enjoy paid me more than 1/2 for significance of inventory and he should recieve less than 1/2 profits as we are not equal. He is research all of it from books to bikes. Is he an investor and a trustee? When if ever and how is investment reach (consider losses?)as there are not guaruntees of return when investing and other a risk. We haven't seen an attorney nonetheless and I'm fearfull of losing what I've worked for for an undetermined and/or indefinate commitment. I have not be relieved of any financial burden and am still hand to mouth monthly. PLEASE HELP WITH PROPER STRUCTURE AND CONTRACT FOR THIS SITUATION! HURRY! Thanks.Answers:
If you incorporated, did you issue shares? if yes how various to each? What is your title contained by the corporation and what is his?
Your incorporation papers should spell out your titles/duties
If not, draw up a list of what you will do and what he will do and put together it an addendum to the incorporation papers.
Then,
Your wife is right, as the laborer , you should be salaried for time spent on each career at fair open market rates. If you worked for a Harley Dealership fixing bikes, what would they pay you per hour? That is your pre profit compensate to yourself.
Then determine his exact investment versus value of the business. If he bought contained by for $10k and the business, if you sold it tomorrow is worth $30k then he is 33% owner and you are 67% owner and explicitly how profits at end of respectively month/quarter are split until the status or ratio of work to investment changes.
what the best small bussiness to start?
Question:I am looking at a one room storefront location because the rent is cheapAnswers:
Determine what business is "right for you." Ask yourself these questions:
a) What do I approaching to do with my time?
b) What scientific skills have I developed?
c) What do others voice I am good at?
d) How much time do I hold to run a successful business?
e) Do I have any marketable hobbies or interests?
Identify the niche your business will flood. Ask yourself;
a) Is my idea practical and will it overrun a need?
b) What is my competition?
c) What is my business control over existing firms?
d) Can I deliver a better quality service?
e) Can I create a emergency for the business?
Finally you should answer these questions:
a) What business am I interested surrounded by starting?
b) What skills and experience can I bring to the table?
c) What will I name my business?
d) What equipment or supplies will I inevitability?
e) What insurance coverage will be needed?
f) What financing will I need?
g) What are my resources?
h) How will I compensate myself?
i) Write a correct, solid business plan for potential investors (banks, sba, etc)
You're the only one who know what's right for you and what you have a sincere zeal for. Starting a business takes lots, many hours of concrete work. Your social life will be sacrifice.
Note:
I would wonder why the rent is so low. Storefront property in push button, visible, large traffic areas is not generally cheap.
Other Answers:
A friend mentioned this business year ago, and I believe in attendance is merit. A window repair peak business. Low overhead and potential for high constraint. Windows, doors, look at the thousand of homes in respectively of our cities.
A home base business. In my opinion, this is the best business within this era. http://isaac.whyagel.com Comments? =)
How do you gain a license to trade food properly from a vehicle?
Question:I live in Texas. I would resembling to go to go different meals by and large bbq or fried fish. I do not want to open a restaurant. I would approaching to see how my food does on the streets first formerly investing money into a business. I see a lot of nation selling food from a large trucks but I know it have to be done legally. Does anyone hold any idea how I should start this? Thanks:)Answers:
You requirement to get a Food Handlers Permit and also a business license. You can usually get hold of both of these in alike section of city foyer.
Other Answers:
Contact your City that you wish to trade in and see what their requirements are.
Contact your local strength department. These days most localities will at least hold a contact number on the web.
Contact your county clerk and ask him/her what steps you obligation to take to receive licensed to do business in your nouns.
contact your local board of health!
I am starting a corporation and wonder what type of official agreement I should create beside my partner.?
Question:Answers:
Make L.L.C. (Limited Liabilty Corpation) protects from legal dive out or law suits
Other Answers:
catch a lawer or the things that are most important will be over looked. never I tight NEVER go into buisness beside any family meber or that relationship will never be alike. put everything in writing no concern how small it seems.
Source(s):
two substandard partnerships one lost domestic meber due to not talking anymore
Partnerships suck, If anyway at all - try to do it on your own. Talk to a legal representative....
whats the best small business to spread out?
Question:Answers:
In my opinion, and experience, the best small business to launch is an online business. Create websites give or take a few topics of internest to you, then put on PPC ad from servers like Yahoo Publishers Network or a.d.s.e.n.s.e. You will be salaried for each click, when company come to the site, see ads of interest to them, and click the ad. The best things about this business is the initial investment is markedly low. You have no inventory to stock,no directives to fill, no customers to contend near, no shoplifting, no breakage, no wager on breaking boxes to lift, no personnel to hire, no rush hour traffic, and no credit card fraud. You are looking at monthly hosting fees of $20 or less, you design contained by, so there is no design excise. We are making over $4000 a month just surrounded by the PPC revenue, plus we sell ad to other business directly. We work from home, set our own hours, and just dally each month for the check from a.d.s.e.n.s.e or YPN to arrive. It doesn't bring any easier, or any more flexible.
Other Answers:
Oh man a convienent store if I had the money! nought like settling down within a small town seeing the same folks every morning, kinda like on the waltons <---did I merely say that ....seriously anyone want to buy me a store? lol! My dream. Thanks for reviving it for me.
Law concering running a guest house?
Question:Answers:
along with bronco's answer, you will also necessitate to check your local requirements...some local governments require license and/or limit locations contained by their local ordinances.
Other Answers:
Check your state's Landlord/Tennant directive - there should be a sub-section for rental properties.
What would be a dutiful autograph for a tent rental company?
Question:It's a company that rents tents for things like backyard graduation party, birthday parties and weddings.Can you deem of any catchy or clever names?
Answers:
TENTS UNLIMITED " We get you covered"
Other Answers:
rent-a-tent
TENTAL rent-a-tent come to mind rather in the blink of an eye
Rent-A-Tent
is a catchy label
RenTent <-- not quite nearby.
Hmm... good luck near that.
Pitch-A-Tent
don't use "R" next to us
as in Tents-R-Us
Toys-R-Us owns the trademark use of "R-Us". They usually sue to uphold their trademark. They've become more lax days gone by few years but I would just give that one alone.
Shelter
:) The naming of your business could be one of the most momentous decisions you will label. A name's originality and permissible availability will create a real asset significance of its own, as it becomes market and gains flea market acceptance.
The heading you choose will become the focal point of all the benefits and features that relate to your business. Customers will know how to find and refer others to it in the adjectives.
Since any names that are suggested here may already be owned by another gathering, I wanted to travel a different route...
I suggest either hiring a entitle creation firm or get together near your friends and/or family and throw a "entitle party" & have everyone bounce some philosophy around. Compile a listing of name that you like the best. Once you enjoy that list, do as much free research as you can previously you delve into comprehensive research.
I listed some links where on earth you can do some preliminary name checking. However, please be aware that this is merely scratch the surface of what's out there. Only comprehensive research will inform you if the name is truly available. But, these links are free & a great place to start, so I'd try them out first.
There are other sites that proposal free searching capability in conjunction near their commercial services, so I'm not able to post those links due to the Yahoo! TOS. You'll also want to check domain name & yellow page, so simply do a search for "free domain nickname search" and "national yellowpages" and the appropriate links will pop up.
Hope that helps! I choice you much success & security in adjectives your ventures!
Source(s):
http://www.uspto.gov -- Go to the TRADEMARKS slice
http://biztaxlaw.about.com/od/research/a/Sec_of_state.htm --Go to your state's Secretary of State page to see if they own a searchable database of business names
http://www.hoovers.com/free/
http://www.thomasnet.com – Must register (free) to search out their database
what is a short and rememberable christen for a exotic company?
Question:Answers:
The naming of your business could be one of the most important decision you will make. A name's inventiveness and legal availability will create a tangible asset value of its own, as it become marketed and gain market nouns.
The name you choose will become the focal point of adjectives the benefits and features that relate to your product or business. Customers will be able to find and refer others to it surrounded by the future.
Established products or businesses realize the utility of customer good will. A capably chosen name will provide an extra marketing benefit, that may mean the difference between ruin and success.
Companies move about to great lengths to trademark and protect the usage of their christen.
For further assistance regarding moniker creation and/or trademark research, please contact me:
dc@tmexpress.com
www.tmexpress.com
www.nameit.com
Thank you!
Shannon Moore
Other Answers:
What does the new company do?
Sell underware? How just about "BRIEFS"
Sell clothing? How about "COVERINGS"
Clean houses? How almost "THIEVES" ... well possibly that won't work for that occupation.
You need to own a name that go with what you do.
i-Hug. I hold the domain name for Dutch auction. i-Hug, share you life next to a friend. i-Hug, give somebody hope. i-Hug, the past the worst place for kids on the web. i-Hug parent to parent natter. i-Hug, tires that hug the road. i-Hug, jeans that make you surface loved. i-Hug, mugs that show you care. i-Hug, student mentoring. i-Hug, nannys that safekeeping. i-Hug, artist supplies that bring designs to life. i-Hug the most comfortable eyeglasses you will ever own.... the roll goes on. Short, as you desired, comfortable to remember, as desired, and I just arise to own the domain name. Millions of possibilities to spin the entitle for almost any industry.
DBA surrounded by Texas?
Question:Can someone give me as much information as possible about obtaining a DBA contained by Texas? I'm interested in price, where on earth to file, liability, limitations, just EVERYTHING to do near dba's.I'm thinking about starting a small design firm, for which I would entail the DBA. Tired of working for 'Tha' Man!'
Answers:
I can give you the sites that can answer ALL those question and more in Texas.
http://www.texas.gov/
Links needed to start or expand your business within Texas, including a four-step instruction book with details of the basic permits, required registrations, regulatory obligation, licenses, authorizations, employer obligation, and taxation implications at a local, state and federal stratum.
Resources
4 Steps to Starting a Business
This handbook serves as a quotation guide for new and expanding businesses contained by Texas by providing permitting and regulatory information.
Start or Expand a Business - Texas Workforce Commission
Through the Texas Workforce Commission, you can find information on starting a spanking new business or expanding a business, obtain tools to support your business thrive and find job flea market data.
The Texas Business Advisor
Here you will find information that will aid you start your business, cope with regulations and expand your market.
http://www.sos.state.tx.us/
This site gives you instant access to file forms, fees, requirements, liabilities as in good health as internet access to anything to do with anything related to Texas business.
Wishing you a abounding and sucessful endeaver!
Other Answers:
Check out this web site, it have a lot of info: https://www.legalzoom.com/law_library/DBAs/introduction.html" title="https://www.legalzoom.com/law_library/DBAs/introduction.html">https://www.legalzoom.com/law_library/db...
You can directory your own DBA at your County Clerk's office-it's not expensive (under $50). You normally own to put a Legal Notice in your local broadsheet too. There are a host of web sites that flaunt their ability to do adjectives the work for you and they charge around $150 for their service.
Good luck
Source(s):
Insurance Agent for over 30 years.
Are nearby any examples of drive-thru grocery stores?
Question:Answers:
yes there are. I live contained by New York and there are a few grocery stores that close the primary doors after 10pm and keep the cashiers revolving windowpane open. Cars can drive upto that windowpane and get what they want and be on their means of access.
Other Answers:
MMMM I dont think so, i hold not heard of any nonetheless, but i have hear about those dry cleaning stores where on earth you can pick and drop off your clothes from your motor.
Dunno if it's still near, but in 2001 ...
http://listings.phoenixnewtimes.com/gyrobase/BestOf/BestOfAward?Year=oid%3A24248&Section=oid%3A24274&oid=oid%3A25483
Where can I buy a cheap boil press contraption for white t shirt printing?
Question:to press printed transfers onto a plain white t shirt, preferably in London but will consider locations which would incurr a transfer charge?Answers:
I'm not sure of a company that sells them cheaply but at hand is a company that will create and ship your t-shirts for you with your own designs. It allows you to upload your designs and/or slogans and set your own prices. It's FREE to create an online shop or if you already own a website you can imply create a intertwine to your "shoppe"...when you have a customer that puts surrounded by an order they will create the shirt and e-mail it. How it works is they have a end price of say 10.99 for a shirt, you create your shirt and price it at 16.99. They hang on to the 10.99 and you get the remaining 5 dollars. They will distribute you a check once a month. this is a great way for "start ups" since you dont hold to have any inventory and this company works surrounded by the UK.
There is no charge for creating and maintaing a shoppe, they make money when you clear money, plain and simple.
They also have mousepads, coffee mugs, journal and much more. I have put a contact to their site in overnight case you are interested as well as a correlation to a shoppe that is already up and running.
Good Luck
Other Answers:
I prefered cafepress.com
Dallas Texas. Texas peak and silk screen supply.
Try contacting local shirt shops. Sometimes they go their older presses cheap to craft room for newer presses.
Source(s):
http://bestshirtsontheweb.blogspot.com/
looking for details software for buy to permit?
Question:one I used was Tally softwareAnswers:
Sage is suitable but quite difficult to use. Have a look at Kashflow it have lots of excellent features and is easy to use. You also attain a free 60 day trial.
Just type Kashflow into the flush bar and you will find the website.
Other Answers:
SAGE!! i hear thats a good accounting software but i enjoy never used it nor i m in accounting corral, just an assessment.
What are the first steps to setting up a New Age/Witchcraft supply shop surrounded by my small town?
Question:I think this nouns desperately needs a Witchcraft supply store. There are plenty of Witches here and no stores to draw from everything for your spells and reading. How do I go almost opening one. I just this minute got an inheritance and I would resembling to put that money up to start the business. I have $75k, is that plenty? I also have dutiful credit.Answers:
When we first opened the Copper Cauldron, which we have in Jacksonville Oregon, we invested 75k total into the business. We did reasonably well and moved our store to St. Paul, Minnesota.
General guidlines, find a pious wholeseller, and do your research. Don't just vend products, provide a service, such as readings, and such to bequeath to your customers. Help them with research, train them if necessary. Hold workshops and classes as okay.
To help brand name your adjustment into the community acceptable, to avoid the problems we have (broken windows, broken down door, ect), aggree to coach and hold workshops on the various pagan religious types to the nonspecific community. Hold free sessions, ect to offer relations.
Best to spend on good talent store furniture. Best to buy quality items and go at a decent price.
Get timetabled on WitchVox.com Great place.
Advertise, and join the BBB within your area. Also consider joining your local Chamber of Commerce.
I reccomend setting up your hours for what is available and done inwardly your community. So if most stores are closed on monday, close yours on monday as well, so that you don't provide a commerce shock to the nouns.
Keep in mind that you are not going to be considered a niche shop, indeed not. You are a community shop, that is to say a shop that is available throughout the year. One that doesn't close or dwindle after the tourist season.
Keep within mind also, that you need to provide an unstop and safe environment for your patrons. There should be no tolerance for nuisance, ect of your patrons out in front of your shop, or contained by your shop.
I reccomend carrying some form of New Age book shop/section for your store. The reason for this is that race like to read, they approaching to learn. And the more they read, and the more they come surrounded by to buy/return books, the more face you recieve per sunshine.
We started a library program for our store, and did wonderfully!
Check out places such as azuregreen.com and look at their wholesell program, they are great.
Check out stores and suppliers in canada, as in good health, as they provide great products for cheap.
Consider hosting local merchants, ect, within your shop.
Main steps: Get your state business licence from your secretary of state. Get your city license if needed.
Find a correct location, open your store. Get some form of shelter. Make sure you don't need a indemnity permit from your local police department to operate a financial guarantee system.
Get some form of security camera system surrounded by y our store, this helps cut down on losses due to nicking. Trust me it will happen.
Find an unequivocal minded land lord. Don't budge with one who is 'unsure' but stir with one who like the idea of a pagan store contained by the area.
DO NOT CALL YOURSELF A WITCHCRAFT STORE. Absoutly not, you are a Pagan Resource Center, or a Pagan Store. The pretext for this is that 'witchcraft' no matter what spin you put on it, will enjoy a negative connotation to those around you surrounded by your community. However if you are a Pagan store, or Pagan Resource Center, you have much more credibility.
Join local stores surrounded by intitiaves, and such to get your christen out there. Help near local planning of events for your community.
Lastly, advertise as best you can.
If you entail more help, please email me, i'd be more than liable to help you setup :)
I want to ship products on a semi-regular cause from N. Africa to Chicago. How do I do this resourcefully?
Question:Is there a style to hook up with shipping agents? Where do I catch information to do this in an economically prudent approach? Thanks.Answers:
I worked with a company a few years ago call US Xpress Enterprises Inc.
They'll beat the typical labour methods including DHL, UPS, USPS, etc.
Feel free to contact me. I'm a consultant and I'd be glad to assist.
Does anyone know someone near a gadget shop who can help out me clear camera parts for free? I walk to motion picture arts school.?
Question:I haven't got satisfactory money to buy a certain cut for my camera, and it would be really great if someone would be able to aid me design and manufacture what I obligation. I could pay for materials.....Please permit me know if you or someone you know can help!
Answers:
No
Other Answers:
Send me a print to look at and what sensitive of material.
BDS
MOLD MAKER
Source(s):
Lead Mold Maker.