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Financial Statements Review (Conference Call) http://rs2386.freeconferencecall.com/fcc/cgi-bin/share.mp3/5595461000-857908-13.mp3
The Conference Call reviewing Week 9's Topic: http://rs2386.freeconferencecall.com/fcc/cgi-bin/share.mp3/5595461000-857908-10.mp3
Assignment for week 8 (our mid-point!)
– Watch the Michael Brickhill video
– Take notes
– Week 8 Questions
1. Why are copyrights and trademarks important?
2. What is the process in filing a registered trademark or copyright?
3. Which types of assets are applicable to Copyrights, Trademarks?
4. Is trademarking or copyrighting relevant for your business? Why or why not?
Week 7 Assignment
1. Go to the “How to Develop an E-Book” section of the Guild forum …
2. Download Natalie's link for, “How to write an ebook in 10 steps”3. Watch Video
4. Take Notes
5. Answer The Following Questions: (Here on the forum)
a. What do you spend the most time explaining to your clients? (The Volume of questions related to this topic?)
b. What are your concerns about writing your first ebook?Your assignment for week three (Business Plan) is,
1. Watch the Video
2. Take Notes
3. Answer the Following:SHORT ANSWER (in your notes)
a. What is a business plan?
b. What is it's purpose?ESSAY (write it here in the forum)
c. what part(s) of a business plan do you struggle with when developing your business plan?
d. Do a SWOT Analysis for your business and post it in the forum.I like where this is going. Great job everyone. For the most part, there really is not a right or wrong answer here. It is, by design to provoke critical thinking and interaction.
Pedro – for tax benefit purposes, you can either be considered a sole proprietor, LLC/LLP (limited liability company or partnership), or C or Sub S Corporation. All of these have pros/cons based on your business' growth and health. For California, a single start-up is probably going to go as a S.P. in the beginning. As cash flow increases, then one can convert it to a LLC which is what is ideal for a single owner of a business. More asset protection (meaning, if a lawsuit occurs, they can only go after what the company owns/has, not you as a individual) available with an LLC.
Megan – You can still get the benefits of tax deductions by being a sole proprietor. It is a simple task. A resource for anyone in their state is the respective state's “Secretary of State” website that will give details on how to incorporate.
In California, it is fairly simply. Register at the county clerk's office, post a small add and you're in business. It most likely it is as simple as that in New York State as well.
Kate – good researching. I can help with that this week (researching).
Paul – good viewpoint. That is a way of tracking cashflow from revenue stream. That was a great viewpoint to share here on the forum. Excellent work.
Jamie – good plan. You want some kind of business entity for tax benefits. It is a hefty annual fee in CA, so SP is a good start.This is good guys & gals. Like the interaction that is picking up here. See you in a few hours at 10am EST.
