Limited Liability Company Perfect Setup For Small Businesses

By Sue Jan

A Limited Liability Company or LLC is a legal entity that limits the liability of its owners. LLC is more suitable for small businesses with a limited number of partners. Limited Liability Company is neither a corporation nor a partnership, but combines the benefits of both. The liability of a businessperson is limited to his investment in the LLC. This means that he cannot be held personally liable for company debts unless he has stood a personal guarantee.

There are a number of tax advantages that a limited liability company can benefit from. The tax benefits of an LLC business are mostly gained through ‘pass-through’ taxation. In this system the profits from the business are taxed only once and owners need not pay both corporate and personal income tax on their earnings through the LLC business.

Other advantages of a limited liability company are that it requires much less paperwork and administration than incorporations. There are minimal requirements for reporting to state and other regulatory bodies, and there is no requirement for board of directors meetings or annual general meetings. All these factors make a limited liability company an attractive business option for many small and medium sized businesses.

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Forming a limited liability company is not difficult. You must decide on the name, business and location. The main paper to be filed is the ‘Articles of Organization’ along with the stipulated fees. The papers should then be submitted to the office of the Secretary of State in the state where the LLC is to be registered.

It is essential for each LLC to have a ‘Registered Agent’ with a street address in the state where it is registered. The office of the Secretary of State in your state will provide advice and assistance to register a Limited Liability Company. Professional services are available to complete the entire process within a couple of days for a reasonable charge. All states in the USA permit the registration of a business as a limited liability company.

Filing with the state authorities can incorporate Limited Liability Company. The general procedure is that of incorporating a corporation. The advantages of a LLC over a corporation are that there is no need to get the consent of shareholders, no need to issue shares and no need for a board of directors. Since Limited Liability Companies are run by the owners, they have their own operating agreement. Once these are decided, filing with the state authorities can incorporate the LLC. Thus the choice of business structure and the incorporation of it are important. Hence, it is advisable to get counsel from a lawyer before incorporating a Limited Liability Company.

About the Author: If you are thinking of setting up a LLC visit easy-llc-formation.info. Susan also enjoys writing at Health and Fitness.

Source: isnare.com

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Colleges offering admission to displaced New Orleans students/OH-WY
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Colleges offering admission to displaced New Orleans students/OH-WY

See the discussion page for instructions on adding schools to this list and for an alphabetically arranged listing of schools.

Due to the damage by Hurricane Katrina and subsequent flooding, a number of colleges and universities in the New Orleans metropolitan area will not be able to hold classes for the fall 2005 semester. It is estimated that 75,000 to 100,000 students have been displaced. [1]. In response, institutions across the United States and Canada are offering late registration for displaced students so that their academic progress is not unduly delayed. Some are offering free or reduced admission to displaced students. At some universities, especially state universities, this offer is limited to residents of the area.

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Late Indian politician’s son in critical condition after suspected drug overdose
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Late Indian politician’s son in critical condition after suspected drug overdose

Saturday, June 3, 2006

Rahul Mahajan’s condition has improved and has been taken off ventilator support. Rahul’s CT scan report is normal and his vital parameters have shown an improvement. He will however, be kept under observation for another 3 days. “The condition of Rahul Mahajan has gradually improved over the last 12 hours. After due assessment of clinical status and investigation, our team of doctors found his vital parameters improving,” a medical bulletin released by the Apollo Hospital said.


Friday, June 2, 2006

Rahul Mahajan, the son of late BJP leader Pramod Mahajan has been admitted to the Apollo Hospital in New Delhi in a critical state, apparently after a drug overdose. Rahul was found in an unconscious state in his father’s residence in New Delhi early today morning. Vivek Moitra, Pramod Mahajan’s secretary who was with Rahul at the party has been declared dead presumably as a result of the same drug. Police say the Rahul, Vivek and three other men were drinking champagne together and were also apparently consuming cocaine. This assumption is based of the fact that opiate traces were found in the deceased Mr. Moitra’s pocket.

Doctors described Rahul’s condition as “critical but stable”. They said that details regarding what led to his present condition would be revealed after the conduction of a toxicology test. Two domestic helps rushed the men to hospital in the early hours of today morning. The helps disturbed the scene by clearing up the glasses and the bottles. Traces of what seems to be cocaine were however found in one the glasses.

Rahul is currently on a ventilator and his condition will have to be closely monitored for the next couple of days. He was supposed to visit Assam tomorrow to immerse his father’s ashes in the Brahmaputra. Mr. Pramod Mahjan died about a month ago after being shot by his brother. Rahul was on anti-depressants as a result of this.

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Biometric Face Recognition Time Attendance: Company Expenses Reduced

Biometric Face Recognition Time Attendance: Company Expenses Reduced

by

John Waugh

Management is the backbone of any company. No company can survive for long with a weak management. If the employees of the company are the gems on a crown, management is the diamond studded at the center. Cost management is an important part of it. Profit can be maximized by reducing the overall expenses of the company but quality of the products should not be compromised. Biometric time attendance can be used to achieve this goal.

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A face recognition time attendance system can be used to record the details of the employees. This is a modern technology that eliminates the need of many HR personnel. Corporate houses, offices, schools, hospitals and other such places have a large human presence. Their attendance and time spent on the premises need to be tracked. Leaves need to be calculated. Appointing individuals to manage the details of all the employees will prove uneconomical. Biometric time attendance software will cut down the costs without affecting quality. Biometric time attendance with face recognition may assist a company in handling its finances in the following ways: * Gives more time to increase productivity: A biometric time attendance system enables attendance keeping, payroll calculation and other related work to be automated. It saves the time of the employer. He can concentrate on increasing productivity and leave the paper-work at the helm of the application. Time is money; saving time is saving money for a company! Besides, the work carried out by a machine has fewer errors than human beings. Using a face recognition time attendance will produce quicker and accurate results. * Less hassles faced than employees: Hiring employees to look after this work may prove cumbersome as compared to a gadget. Employees need to be remunerated at regular intervals. They may require leave for sickness, events, festivals and other such occasions. A face recognition time attendance system is free from such trouble. It need not be remunerated for its work at regular intervals. Confidential data is more secured with the application than with an employee. * Face recognition over fingerprint and access cards: Time attendance software can also be combined with access cards and finger print readers. However, a company may find face recognition time attendance reasonable and inexpensive in the long run. Access cards need to be replaced at regular intervals. Cost of printing access cards is high. Unlike fingerprint readers and other biometric time attendance, face recognition is based on ‘No Touch’ technology. This makes them less prone to physical damage. * One-time investment: Biometric time attendance system is a one-time investment. All it needs is a web camera, the face recognition time attendance software and a unit! The biometric time attendance does not require regular maintenance charges. Installation charges need to be paid only at the initial stages. The software needs to be installed, and the rest of the task will be done automatically. Biometric time attendance combined with a face recognition device is a clear cut method for cost cutting in a company. Any company can progress, only if it manages its resources in an efficient manner. Biometric time attendance facilitates production by cutting back on unnecessary expenses.

Face Recognition Solution is recognized

Biometric Time Attendence

provider. The company has successfully provided

Face Recognition Software

to leading business houses, corporate, schools and hospitals. It provides cost effective and technologically advanced biometric solution.

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Biometric Face Recognition Time Attendance: Company Expenses Reduced

International forces in Dili reach agreement
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International forces in Dili reach agreement

Thursday, June 8, 2006

The international forces in East Timor have reached an agreement about the coordination of the military and police forces in the field. Representatives of the four countries reached the agreement during an urgent meeting after an incident between Australian and Portuguese soldiers yesterday.

In the agreement reached between Australia, New Zealand, Malaysia, Portugal and the Timorese government, operational autonomy is given to the international forces, which will operate in cooperation and coordination with each other.

The agreement also stated that in an initial phase Dili will be divided into sectors, and each area will be under the control of an international force. Outside of its area of responsibility, the military or police force will only be able to operate if other international forces request their actions. Also was agreed that the police forces will assume total control of the city after the military forces leave their current occupied positions. A situation that is expected after the arrival of the remaining equipment, mainly vehicles, for the Portuguese Republican National Guard (GNR) and the arrival of the remaining Malaysian police officers and their equipment.

In an official notice, the Timorese Foreign Minister, José Ramos Horta stated that “the objective on a long run is for the GNR to operate has a tactical intervention force in all the city of Dili”.

Ramos Horta explained that “in the next days, maybe already tomorrow morning, they [the Australian, Malaysian, New Zealand and Portuguese forces] will do some coordination training, in way to assure that the four forces know exactly what each one will do”. “Since some are from the Army and the others [Portuguese Republican National Guard] are a specialized police and that they never worked together, its useful to carry out some practical exercises”, he added.

In another subject, Ramos Horta explained that the Australian soldiers that are in Maubisse, next to a rebel group lead by major Reinado, and in Gleno, Ermera, next to another group of “military opponents”, are there “containing those elements”.

“Those groups are not comparable with other people that are here in Dili and that must be disarmed”, Ramos Horta said.

“The Australian presence in Maubisse and Gleno aims in containing those groups on their areas, until arrives the moment in which the President decides that is time for also mister Alfredo Reinado and the others to put down their weapons”, he said. “This is not urgent because they are not causing problems to anyone”, he justified.

The urgency of the resolution and clarification of the command and cooperation of the international forces was originated after an incident between Australian and Portuguese soldiers. When yesterday a Portuguese GNR patrol transported three people to a temporary detention center managed by Australian soldiers.

The detainees were arrested by a GNR Special Operations team, after being caught looting a governmental warehouse, in Balide, Dili.

The Australian soldiers then refused to receive the detained men, questioning the legitimacy of the Portuguese soldiers to make arrests. The Portuguese contingent transported the detainees to the Timorese prison services in Dili.

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What Is A Judgment Against You Means

By Sean A. Kelly

A recent conversation with a friend made me realize exactly how dangerous (unpaid) debts can be. You see, this friend of mine works in a law office and recalled an incident in the office a while back. A lady came over to the office looking for a lawyer, claiming to be his aunt and in need of his help. Since her husband had passed away a year before that, she has had to work several jobs to feed her family of five and pay off the never-ending debts. However, without the husband, her income was simply not enough to cover everything. The bank had already foreclosed her house and she was currently living in a small rental house. The trouble was, some of her creditors had come forward with court judgments to seize what little assets that she had left – the TV, old sofas, tables, car and even her wages!

I did a little digging regarding this and it turns out that creditors can indeed go to court and obtain a judgment against you. ‘What is a judgment against you?’ was the question I asked, and you probably should know a little about it too. Here’s some information that I’ve gathered on the subject of judgment.

What is a judgment against you?

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If you have loans with a default for a prolonged period, a creditor may go to court to obtain a judgment. A judgment is essentially a decision or order from court; in this case, it is a court order that says you are obligated to pay off your outstanding debts by any (legal) means. In some cases, the creditors are allowed to seize your properties or funds from your bank accounts, or/and garnish your wages. However, these are all usually dependent on individual states. For instance, states like North and South Carolina, Texas and Pennsylvania disallow wage garnishment. Therefore, if you do have a judgment against you, try to find out about the judgment and the stance of your state regarding it.

Judgment proof

After you’ve received a judgment, there is usually only two ways to go about it – pay off the debts or fight it. When I say fight it, I don’t mean for you to fight the creditors physically. What I mean is that you may go to court to counter the judgment, where you may have to prove that you are ‘financially crippled’ and cannot possibly pay off the debt. If the court should decide that you do not have any income or worthy assets that your creditors can seize, then you would likely be considered judgment proof. Having said that, different states may value assets differently. So if you do have some assets left, there is still a possibility that they will remain untouched.

If possible, you may want to work out an arrangement of the payments with your creditors before the matter is brought to court. One of the consequences of a judgment is its effect on your credit scores. It may leave a ‘black mark’ on your rating, which may stay for up to ten years, making it more difficult to get approval on other loans or mortgages in the future. After all, there are plenty of debt loan help available nowadays, whether from banks, credit counseling agencies or the like. In less serious cases, you may still opt for debt consolidation to reduce your monthly payments. In more serious cases, you may have to go for debt settlement; otherwise the last resort may have to be a declaration of bankruptcy.

About the Author: what is a judgment against youloans with a defaultdebt loan help

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Joe McElderry wins UK X Factor final
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Joe McElderry wins UK X Factor final

Sunday, December 13, 2009

Joe McElderry has won the sixth series of the UK X Factor, in a hotly contested final with Olly Murs, after the third finalist, Stacey Solomon was voted off last night. McElderry was the favourite earlier this evening with odds of 2/9 from both Ladbrokes and William Hill, compared to 3/1 odds for Murs. Joe’s family had clubbed together to bet on his winning the show, even before the first live show was aired, at odds of 14/1. They are expected to receive approximately £14,000.

On Saturday night, McElderry sung Don’t Let The Sun Go Down On Me with George Michael, who said that Joe “rose to the occasion…I think he’s got a great future.” He also received a video message from Kylie Minogue after his performance, in which she said “I’m sending you lots of love and kisses. Have fun.” McElderry is from South Shields, Newcastle and born in 1991, began singing at 14. He auditioned for The X Factor in 2007, but felt too young when compared to the other contestants. Together with Lloyd Daniels and Rikki Loney he was mentored by Cheryl Cole, one of the four X Factor judges.

The weekend’s prime time shows are expected to have had more than 18 million viewers, with one analyst estimating £100m of revenue going to ITV from the autumn show. ITV also hope that it will aid in turning around their declining revenue.

As is tradition, McElderry will release a single next week in an attempt to gain the Christmas Number 1 chart spot. In recent years, the X Factor single has always gained that accolade.

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“Metric tonne” of date rape drug was bound for US
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“Metric tonne” of date rape drug was bound for US

Friday, June 2, 2006

Scottish police have arrested a man and a woman after finding Britain’s largest ever stash of Gamma-butyrolactone. The man in charge of the operation, Graeme Pearson, director of the Scottish Crime and Drug Enforcement Agency, called the find “the most significant discovery of the drug in the UK.”

Denise Caron MacPherson, 45, and Hanan Rabin, 53, have been charged with exporting the drug, also known as GHB, to the United States between 19 April and 24 May. The news of the Scottish factory comes as a US study found drug use was involved in two-thirds of sex attacks, while 5 per cent were given an actual “date rape” drug.

Graham Rhodes for The Roofie Foundation, a helpline for victims of drug rape, said: “I am very relieved this has been recovered as in the wrong hands it is very dangerous. Not only is it used to spike the drinks of people to rape them but it’s also used to assault and rob people.”

Used by ravers, robbers and bodybuilders, the base chemical (gamma-hydroxybutyrate) was taken during a raid on a house and business in West Lothian. The haul would have been put on the United States illicit drug market and sold for fun and more sinister purposes.

In its non-powder form GHB is barely detectable: clear and having no smell it can be particularly potent with a few drops mixed into an alcoholic drink. Once a sufficient amount of the salty liquid has been ingested the victim can be knocked out within an hour.

While GHB is known both as “liquid ecstasy” and the date rapist’s “Plan A”, the versatile compound is also used by body builders instead of anabolic steroids, by dieters and as a sleeping aid.

In Britain, GHB is a “Class C” drug which means making it, holding it and selling it is punishable with up to two years in prison. The effects of rape, for which the drug is reportedly used, can last a lifetime. Jane Cumming, from support group Crisis, said she received an average of 4 calls a week from people claiming to be victims of date rape.

The pair, who were caught in Livingston, were accused of distributing the drug in Scotland from MacPherson’s house around the same time as they were exporting to the United States, while MacPherson was also charged with Cannabis possession.

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The Amazing Benefits Of Expanding Foam To Your Home

The Amazing Benefits Of Expanding Foam To Your Home

by

Shaun Hathaway

For over the past years, the use of

expanding foam

has found its way in many homes thanks to the technology that has helped in creating it. With many people seeking to deal with the awkward cavities, gaps and hollows either in their homes or offices, this foam has been accepted as the most obvious material to help deal with these problems. Generally, these gaps and cavities have a number of negative effects on home owners and dealing with them will help in curtailing a number of problems. If you have been having a problem with things such as rodents invading your home or roaches finding their dwelling inside the gaps on your wall, then the foam will prove to be a real solution for you.

Normally, the

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expanding foam

is sold in canisters which have a spraying nozzle that helps in discharging it into deeper cavities. This makes it easy to apply the product which in return expands and then hardens when it comes into contact with the air. This hardening makes a strong bond that is not easy to destroy. The seal created by the foam is always considered durable and insulates well against things like moisture, heat as well as sound. There are other advantages of using the foam in that it is suited for any part of the building. Whether you would want to use it inside or outside the building, the fact of the matter is that it will give you a perfect bond.

On the other hand, the fact that the foam can be sanded and trimmed makes it a very good component in the building projects. Though offering you a tough bond, it is easy to trim in a way that you will be able to obtain a smooth surface which can be painted or even plastered.

Expanding foam storage

Typically, the foam is supposed to be stored under high pressure. if released from this high pressure container, the foam starts the process of expansion which is a feature that helps in not only sealing the gaps and cavities but also in making sure that only a small amount is used in any project. The expansion of the foam makes it look foamy before it can start the hardening process. It is always important to take care when using the

expanding foam

as it has a great potential to grow bigger in size when released from the high pressure container.

There are some other materials that should be used to give the expanding foam a working base. These include polyurethane and latex in addition to some other fire resistant and waterproof materials. The foam has been a good material in the home repairs and especially around the window and door flames especially when you are looking for a strong seal. You do not need to be troubled by crawling insects or animals such as rats and other rodents which use some small gaps on the walls. With the

expanding foam

, these troubles can be a thing of the past. The foam is also useful as an adhesive.

About Author

:

Shaun Hathaway from Sealants and Tools Direct Ltd writes about

expanding foam

for more information about

expanding foam

visit www.sealantsandtoolsdirect.co.uk

Article Source:

ArticleRich.com

SpaceX scrubs Falcon I rocket launch
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SpaceX scrubs Falcon I rocket launch

Monday, November 28, 2005

SpaceX called off the much-delayed inaugural launch of their new Falcon 1 rocket on Saturday from Kwajalein’s Omelek Island launch site. The intent was to launch the U.S. Air Force Academy’s FalconSat 2 satellite, which will monitor plasma interactions with the Earth’s upper atmosphere and magnetosphere.

The launch was delayed, then finally cancelled after an oxygen boil-off vent had accidentally been left open. The oxygen was unable to cool the helium pressurant, which then proceeded to evaporate faster than it could be replenished. A main computer issue, probably serious enough to cause a scrub on its own, was also discovered.

This long-anticipated flight was originally expected to be launched in January 2005, however a series of setbacks forced a series of delays, with the flight most recently scheduled to be in early 2006. It was intended to be launched from the Kwajalein atoll in the middle of the Pacific Ocean.

The maiden voyage was originally intended to launch from Vandenberg Air Force Base in California with a Naval Research Laboratory satellite and a Space Services Incorporated space burial payload.

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