Wednesday, November 25, 2020

Choosing The Best Business Structure For Your Company





When you have a great business idea, there is no reason why you should not run with it and put your product out there. However, the technicalities of opening and operating a business will initially depend on the type of business structure you choose. There are four primary legal business structures, including a sole proprietorship, partnership, corporation, an LLC, or limited liability company. It is critical to understand each type of business structure before making your choice.

A sole proprietorship is the most common type of business organization. It is simple to form and offers complete managerial control to the sole owner. When a business is a sole proprietorship, the sole owner is also personally and financially liable for its obligation. A partnership involves two or more people who agree to share in the profits and losses alike. One of the primary advantages of choosing a partnership as your business structure is that a partnership does bear the tax burden of profits or the benefits of losses. Both profits and losses are passed through to the partners who report on their individual income tax returns. However, each person, as in the sole proprietorship, is personally liable for financial obligations.

Corporations are a legal entity when it comes to conducting business, separate from its founders. Corporations are taxed and held legally liable for its actions and able to profit from its products, services, and actions. Corporations are beneficial because founders can avoid personal liability, although there is a high cost to form a corporation and extensive record-keeping required. Sometimes, there is double taxation involved. Lastly, LLCs, or limited liability companies, are becoming more popular. LLC creation can be beneficial because it allows owners to take advantage of a partnership and corporation's same benefits. Profits and losses can be passed through to owners without taxation.

As you mull over the types of business structure and choose the best one for your business, there are a few factors to think about. Consider legal liability. How much of the business' legal dealings do you wish to be insulated from as a business owner? Corporations are separate legal entities, while partnerships and sole proprietorships mean that you are held liable for all legal and financial obligations. Also, consider the tax implications. Which business structures offer opportunities to minimize taxation for you or your partners or founders? Corporations sometimes require double taxation, while LLCs minimize taxation.

When you are considering business structure, also look into the cost of formation and ongoing administration. LLC creation is often easier, and it is easier to find resources to work with professionals that help you form limited liability companies with minimal fees, even in the long-term. Corporations tend to be the most expensive to form and have the most paperwork and administrative duties in the long-term.

As you go through the four primary business structures, review each carefully, and make an educated choice for your business, products, and life in the long-term. Your choice may affect how your company succeeds in the future, so take your time in making an informed decision.

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Fans of Tokyo Ghoul Will Love Waking Up on Christmas to Find the "Tokyo Ghoul:re Illustrations: zakki" Book Under the Tree (Review)

 Disclosure: I was sent a review copy from the publisher in exchange for an honest review. All views shared are mine and mine alone.



Buy now in hardcover from Amazon for only $27.00


When I saw the Tokyo Ghoul Zakki:Re illustrations book on the Viz Media website recently, I knew just the person to help me review it -- my husband! He has been a fan of the serialization and popular franchise by mangaka, Ishida Sui, which run until July 2018.  My husband had an original illustrations book that covered the first series, but had no idea that had come out with the Tokyo Ghoul Zakki:Re, which is based on the second series.  But, when he saw it arrive in the mail the other, his eyes lit up, and he grabbed it to take a closer look.  Just by the look on his face, you would have thought it was Christmas already. :-)  To say he enjoyed reading and flipping the pages of the Tokyo Ghoul Zakki:Re is an understatement.  I was never big on Tokyo Ghoul, but just hearing him describe it and showing me all the different artwork in the book, made me interested in checking it out further.

When I asked my husband to share his thoughts on this book, he kept bringing up how the illustrations were so life-like and how they were printed on high quality glossy paper.  The art in this book is like nothing I have seen before, in that is it bright and colorful, and the realistic illustrations really jump off the page at you.




My husband found it hard to put this book down, and ended up reading it cover to cover. Compared to the other artwork book from the series, he said that this newest release is by far the best and his favorite.  He highly recommends Tokyo Ghoul:re Illustrations: zakki for fans of the series.


About this book:

"A full-color art book showcasing the terrific and terrifying work of Sui Ishida, creator of the hit manga and anime Tokyo Ghoul and Tokyo Ghoul:re.


A full-color art book showcasing creator Sui Ishida’s incredible work on Tokyo Ghoul :re, the best-selling sequel series to the hit manga and anime Tokyo Ghoul.



Tokyo Ghoul:re Illustrations: zakki features artwork and behind-the-scenes notes, commentary and a Q&A from Tokyo Ghoul creator Sui Ishida. Discover the creative process behind the popular series in gloriously ghoulish full color."

 Disclosure: I was sent a review copy from the publisher in exchange for an honest review. All views shared are mine and mine alone.

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Fans of Rainbow Rowell's "Fangirl" Will Love the New MANGA Adaptation, "Fangirl, Vol. 1," Now Available from Viz Media (Review)

Disclosure: I was sent a review copy from the vendor in exchange for an honest review. All views shared are mine and mine alone.



Buy now in paperback from Amazon for only $15.29


Is your teen into MANGA or graphic novels? If so, and they are looking for a new book to read, I recommend you check out Fangirl for them. This book is an adaptation of Rainbow Rowell's Fangirl, just turned into a MANGA (a Japanese style comic book/graphic novel).  My girls, even though they are a little young to read this book, love graphic novels, especially ones put out by Viz.  Just before bed, my youngest daughter was reading a Pokemon book from a box set she got recently at the bookstore, that was a release of Viz Media.  But, after hearing friends talk about the original Fan Girl book, I was curious to see how the MANGA version compares.  So, I had Viz Media sent me along a copy of the Fangirl Vol. 1 MANGa for review, and I picked up a copy of Rainbow Rowell's Fangirl.


While I enjoyed Rainbow's book, I have to saw I really found myself liking the graphic novel MANGA version, that closely aligns with the book.  We see Cath, who is a major fangirl trying to navigate through her fanfic life and real life, with college and boys on her mind.  She is nothing like her twin sister, Wren, and needs to feel comfortable in her own skin to step away from the computer screen and live life in front of others without filters or a facade she has created for herself with her popular fanfic following.


Fangirl is a real page turner, and the illustrations of this MANGA really do pull the reader in and make the story come to life.  You feel like you are peering into Cath's life and seeing it unfold as you read through the pages.  I was able to finish this book in one sitting, but, when I got to the end, I wished I had slowed down, as I wanted to read more, and wished there was a second volume to the book.  I guess for now I will have to go back and re-read this book until more books, hopefully in a long line of books to the series, are released.


Fangirl would make for a great stocking stuffer for MANGA fans and fans of fanfic.  Be sure to check out this book and other available now from Viz Media by visiting https://www.viz.com/.


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More about this MANGA release:

"Cath doesn’t need friends IRL. She has her twin sister, Wren, and she’s a popular fanfic writer in the Simon Snow community with thousands of fans online. But now that she’s in college, Cath is completely outside of her comfort zone. 




There are suddenly all these new people in her life. She’s got a surly roommate with a charming boyfriend, a writing professor who thinks fanfiction is the end of the civilized world, a handsome new writing partner…


 


 And she’s barely heard from Wren all semester!"


Created by Rainbow Rowell, Adapted by Sam Maggs, Illustrated by Gabi Nam

Release October 13, 2020

ISBN-13 978-1-9747-1587-9

Trim Size 5 3/4 × 8 1/4

Imprint VIZ Originals


Disclosure: I was sent a review copy from the vendor in exchange for an honest review. All views shared are mine and mine alone.

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