Business Types FAQ - Florida

Business Types FAQ - FloridaBusiness Types FAQ - FloridaWhat is a General Partnership?A General Partnership is a form of geschftlicher umgang organization in which two or mora individuals manage and operate the business with a view to making a profit. Each partner shares a fixed proportion of the partnership profits and losses and assumes unlimited personal liability for the debts and obligations of the company. One benefit of a general partnership is that partnership income is only taxed once since income flows through to the partners who are taxed individually.What is a Limited Liability Partnership (LLP)?Limited liability partnerships are generally restricted for use by professionals, such as accountants and lawyers, and function to limit the liability exposure of individual partners to acts of professional negligence committed by fellow partners or employees. Limited liability is granted to all partners in an LLP. Please notenzeichen that our partnership agreement is intended for a general partnership and is not suitable for use by a limited liability partnership.What is a Limited Partnership (LP)?Limited partnerships consist of one or more general partners and one or more limited liability partners. A general partner actively manages the business and may contribute capital to the partnership. A general partner has unlimited liability for the debts and obligations of the business. A limited partner, however, contributes capital to the partnership but has no active role in running the business. The liability of a limited partner will only be the amount of capital they contributed to the partnership. Please note that our partnership agreement is intended for a general partnership and is not suitable for use by a limited partnership.What is a Joint Venture?A Joint Venture is a business arrangement where two or more individuals or entities work together for a single purpose and often for a limited time. It allows members to share development costs and resources to create synergies and become more competitive economically, but without becoming liable as general partners for the actions of fellow members. However, where the business relationships between the members of a joint venture become too close, and revenues are intermingled, the entity may resemble a partnership and will risk incurring the joint and several liability that is typical of a partnership. Although all members of a joint venture usually have a view to profit, they do not necessarily pool their profits and losses. Joint venture agreements are commonly used between a local and a foreign company to facilitate the entrance of a domestic business into a foreign market and vice versa.What is a Sole Proprietorship?A sole proprietorship is the simplest form of business entity. In a sole proprietorship there is only one owner (the sole proprietor) who operates in his or her personal capacity. The sole proprietor risks unlimited liability for the debts and obligations of their company. This means that all of the sole proprietors personal possessions are at risk if the business should fail or be sued. One benefit of a sole proprietorship is that it enjoys a single level of taxation. This means that the sole proprietor will pay personal income taxes for the profits made by the business.What is a Corporation?Under law, a corporation is considered to be a legal person distinct from the shareholders (or stockholders) who own it. This means that individual shareholders (or stockholders) are not personally liable for the debts and obligations of the corporation. If a corporation fails the shareholders (or stockholders) will only lose the assets they originally invested to purchase their shares (or stocks). In a corporation, income is taxed at two levels first on income for the corporate entity, and then at the shareholder (or stockholder) level where shareholders (or stockholders) are taxed on any dividends they have received. You create a corpora tion by filing Articles of Incorporation with the business regulatory body in your jurisdiction. The document that governs internal business activities of the corporation are called Bylaws. In most jurisdictions you do not have to file your bylaws.What is a Limited Liability Company (LLC)? (USA Only)A limited liability company (LLC) is a business entity that enjoys the more attractive features of both a partnership and a corporation. It is similar to a corporation in that the liability exposure of individual members is limited to what each has invested in the business. An LLC is similar to a partnership in that it is taxed at only one level. Like a partnership, income passes through and is taxed against individual members as personal income. The exact tax implications of an LLC will vary between jurisdictions. An LLC is managed by members or a management team. You create an LLC by filing Articles of Organization with the business regulatory body in your jurisdiction. The docume nt that governs the business relationship between the owners (members) of the LLC is called the Operating Agreement. In most jurisdictions you do not have to file your Operating Agreement.

Heres how to avoid catching a bad mood from your coworker

Heres how to avoid catching a schwimmbad mood from your coworkerHeres how to avoid catching a bad mood from your coworkerYou walk into your office in a great mood, only to find a coworker a nearby cubicle whos visibly upset. All of a sudden you departure to feel your mood take a nosedive. Is it all in your head? Not according to new research that argues that mood - both good and bad - is contagious.Inspired by research that found that peoples emotions are influenced by what their friends are posting on social media - as well as studies that find that other conditions, like smoking and obesity, are contagious among groups of friends - researchersled by a team from England looked at longitudinal data gathered at American schools that ranked teens level of depression on a scale of 0 to 54, to see if there were any patterns in negative or positive moods in groups of friends.They found that having more friends with worse mood - including a more negative ranking on criteria includinglo ss of interest, decreased appetite, reduced concentration, sadness, and feelings of helplessness, tiredness and worthlessness - is linked to teens having a higher chance of falling into a worse mood. The saatkorn was true for those with friends in good moods, who reported being in a better mood as well.For USadolescents, the greater number of worse mood friends they have the more likely they are to get worse in mood and the less likely they are to get better, and vice versa for better mood friends, researchers, led by the university of Warwick in England, wrote.Notably, while some of the contagious bad mood symptoms are consistent with depressive symptoms, researchers found that merely spending time with a depressed friend cant drag you down into depression - or, in other words, official clinical depression is bedrngnis contagious.Both better and worse moods are contagious, but while better mood is contagious enough to pushindividuals over the boundary from depressed to not depres sed, worse mood is not contagious enough to push individuals into becoming depressed, researchers wrote.Here are some tips on what you can do to avoid feeling worse just because things arent going well for your coworkerTry to figure out where theyre coming fromIn Forbes, author Lisa Quast writes about how she approached a coworker after he had an angry outburst over a business flight cancellation at the airport and continued to be under a dark cloud once they finally reached their destination. She ended up talking to him later that day and found out more about what he was going through. The next day, the formerly sullen co-worker apologized to his colleagues and even a flight attendant, taking ownership of his bad mood and for the negative effect his mood had on others.Whenever someone is negative or angry, dont match his or her mood. Realize that there might be underlying reasons for their behavior, and use compassion during your communication, Quast writes.Dont fight fire with fir eDont fly off the handle - youll just end up looking bad.Dont engage every time someone irritates you. Not only will you be seen as argumentative, youll be welcoming the toxicity into your own life,Jacqueline Whitmore, Author, Business Etiquette Expert and Founder of The Protocol School of Palm Beach, writes in Entrepreneur.Rather than argue, try to ignore any negative comments. Control your emotions and prevent the situation from escalating. Walk away from unnecessary conflict. Youll be respected for taking the high road.Give them the space they needPhysical distance can be a useful tool.American University health educator and author Abby Wolfe writes about how years ago, if her former boss was in a bad mood, shed try to duck her.But she realized over time that there were plenty of ways to deal with a cranky co-worker without bringing yourself down.Sometimes, the best thing you can do is give your co-worker the time and space to work through it on their own or just let it take its course, she writes in The Muse.So, dont try to force him into conversation. Dont try to cheer him up. Save any questions and updates you can for the next day. If theres something pressing, keep it brief and to the point. And if possible, send an email about it instead. It may be easier for him (and less painful for you) to let him process it on his own rather than having to interact with anyone.Your coworker may be upset, but you dont have to be.

Martha Stewarts 7 best pieces of business advice

Martha Stewarts 7 best pieces of geschftsleben adviceMartha Stewarts 7 best pieces of business adviceFor any female entrepreneur or career woman, Martha Stewart is the icon to look toward as a shining star example. Stewart has had so many titles throughout her career that its uncomfortable to personenname them all in one sentence, so instead, well list them here model, stockbroker, catering company founder, author, television personality, magazine editor-in-chief, and overall businesswoman.Ladders was able to catch Stewarts conversation with Create Cultivate Founder Jaclyn Johnson at the Create Cultivate New York on May 4. Here are seven pieces of advice that Martha Stewart has for women pursuing their dream careers.Martha Stewarts biggest piece of business advice is simpleWe want to be where the customer needs and wants us, Martha said. Its that simple and that hard.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction , Neuroscience, and moraStewart realized that her early books were successful because people needed these books, which is why she, in turn, founded the Martha Stewart Livingmagazine in 1990.I learned right then that I wanted to create a business that people needed and wanted, Stewart said. That need and want is totenstill part of my business plan.Martha Stewart has no time for impostor syndrome, and neither should youImpostor syndrome, which Johnson described as the feeling that ones success is not earned or deserved.While 70% of women have reported experiencing this phenomenon, when asked if she has ever felt this, Stewart replied with a simple, and slightly disgusted, No.You shouldnt even know that exists, Stewart said. You have to really take the reigns and ride the horse.Stewart said that is is especially important for female entrepreneurs.Somebody asked me once about breaking through the glass ceilingI didnt even know what they were talking about, Stewart said.By paying no mind to these phenomenons, youre able to focus on your career, goal setting, and achievements.Its about being a strong, self-possessed person that you have to be if youre going to be in business for yourself, Stewart said.Martha Stewart advises you to embrace new technologyStewart revealed that she drives a Tesla because she truly believes in electric cars and wants to know for herself if theyre a good investment.Investigating new technology is a wise thing to do I go for it all, Stewart said.While Stewart checks out the latest advancements in cars, she encourages entrepreneurs and career women to investigate technology as a means to build their brand, whether it be for their company or themselves. She believes social media can be an extremely strong tool for women starting companies or careers.I have been an early adopter of most everything, she said.Martha says you need to welcome changeIn plus-rechnen to embracing new tech, Stewart also believes in welcoming change. Though she refer red to it as a silly little motto, Martha Stewarts life mantra is a sentiment that all women need to hold near and dear to their hearts throughout their careers.When youre through changing, youre through, Stewart said are the words that she lives by.Its a very good motto to keep in mind because you have to be able to change you have to be able to swerve here and there if you have to you have to be able to move around.Based on her many professional titles, Stewart obviously embraces change in her career. Her latest venture is investing in CBD (cannabidiol) through Canopy Growth, one of the worlds largest marijuana producers.Its the modern thing, Stewart said, explaining why shes excited to venture into the booming marijuana industry.We still are doing a tremendous amount of research in the cannabis industry, Stewart said. We want to know if CBD really does help, if it really is not harmful, if it really is as good as we think it is.Stewart mentioned CBD is currently being researche d to see if it can help animals as well as if it can be combined with cosmetic products for people.Martha Stewart stresses the importance of being a good teacherI want my legacy to be a good woman, whos a good teacher, whos fun, and has accomplished a lot, Stewart said.Any successful entrepreneur will eventually have to hire staff one day, which can be a daunting task. Stewart recommends giving people a chance, even if they dont seem like theyre the person with the most knowledge on a specific topic.Instead of hiring someone with all the hard skills, Stewart recommends searching for a person youll be able to train. Taking time to train new employees is critical.Stewart recalled one brilliant intern whom she wished she had spent more time with, saying, She went off and got a fantastic job and Im happy she did, but I was sorry to lose her.You have to spend time with a new employee, Stewart said. You have to really help them understand what their jobs are all about.Martha Stewart advis es staying true to your beliefsWhile this was technically a piece of advice she would give to her younger self, that makes it an even more important message for young women to hear.Stewart recalled going to her publisher with an idea to create a series of How To books. She got shut down. Instead of naysaying this idea altogether, she decided instead that a magazine would be the more appropriate format for this idea.That was the first big challenge. Magazines were closing at the rate of about 10 to every startup at that time, Stewart said.The first issue of Stewarts magazine was published in 1990, meaning the publication is about to celebrate its 30th anniversary, for which it will publish a special 300th edition.We still have the same number of subscribers, the same rate base of 2.1 1000000 copies a month thats a big magazine.Magazines are again at a crossroads- with print magazines failing and closing at a pretty healthy rate right now. But Martha Stewart Living is still going str ong because it knows what its customers need and want. We still produce a very beautiful magazine every single month, Stewart said.For the modern working woman, Martha recommends staffing two to three housekeepersThis piece of advice isnt relevant for all of us, but Stewart swears by it.So you never have to make that bed again, Stewart said.With Marthas advice, maybe well all be able to have a few housekeepers in each of our four houses one day.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will ersatzdarsteller your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people