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Month: November, 2008

Use Bizfilings to Incorporate Your LLC

20 November, 2008 (14:36) | Uncategorized | By: golddaddy

When you decide to go with a limited liability company, or LLC, as the structure you choose for your business, you are making a wise choice. Choosing the proper business structure for your company will help you benefit from certain tax benefits and liability protection. After you have settled on forming a limited liability company, you have to make a decision how this is going to be accomplished.

In recent years, a few very reputable online businesses have been formed that specialize in LLC formation. BizFilings is one of these companies and are a leader in forming companies. As a matter of fact, forming corporations and limited liability companies is all that BizFilings does.

With limited liability company LLC packages starting at just $115, plus the filing fees required by your state, BizFilings makes the starting of a LLC a fairly inexpensive event. And with a variety of options for elective services, BizFilings has something for just about any new business that is being formed.

Creating a LLC is a smart thing to do if you are a proprietor. An LLC allow you to have many of the benefits of the corporate structure, but without many of the corporate formalities. Of course, you should always seek professional advice before you choose the correct business structure for your business.

Something that BizFilings offers with all of the limited liability company formation packages is 6 months of registered agent service. A registered agent is someone that that is available to receive any legal documents for your company. You need to have a place that is always there to receive these sorts of documents, so having a registered agent is a great thing to have.

If you have settled on incorporate LLC as the way to go for the business you are starting, saving a lot of money is as close as going with BizFilings to form your limited liability company for you. Making sure the LLC paperwork is set up properly is a must, so choosing a service such as BizFilings is critical. Choose BizFilings and see how they can help you.

LegalZoom and Creating an LLC

19 November, 2008 (23:40) | Uncategorized | By: golddaddy

A big decision that you are faced with if you decide to start a business is figuring out what kind of an organizational structure you are you going to form your business as. You have several choices as far as deciding on a business structure. For example, the small business can be formed as a corporate structure, a limited liability company, or as another business form.

One of the most popular company structures currently being used is the limited liability company, or what is more commonly referred to as an LLC. With a limited liability company, your small business will have many of the advantages of a corporate business structure, without a lot of the reporting requirements of a corporation. Of course, you should seek the advice of a competent professional before you decide on a structure for your business.

As you consider creating a LLC, you have the choice of utilizing an online limited liability company formation company such as LegalZoom. LegalZoom offers limited liability company creation plans starting at only $149, plus state filing fees, which saves you a considerable amount of money versus using a legal firm. LegalZoom takes care of all of the state required forms for you, and gives you the appropriate paperwork to efficiently manage your LLC as you are supposed to.

If you do go with LLC incorporation, and you set up your limited liability company and operate it in the proper way, you are giving yourself a certain amount of personal liability protection that would not be there if you were being run without any formal structure. It is very important that you choose a structure of business that will give you the liability protection that is necessary in the current lawsuit happy environment of today.

Incorporate LLC is a intelligent idea if being a business owner is what you are after. Seek professional advice before you choose your business structure, but most likely you will be told that you cannot go wrong with a limited liability company. Using an online limited liability company creation service like LegalZoom is a smart choice, because you will be saving both time and money while creating your business correctly.

Are Things Improving For Women Seeking Legal Jobs

17 November, 2008 (14:40) | Uncategorized | By: golddaddy

Some months ago Working Mother has announced its second annual ‘Best Law Firms For Women’ list, showing that although the playing field is not yet level its getting better. For New Zealand lawyers, where we publish LawFuel.co.nz from and run our legal jobs board, women in law have been doing well.

But is ‘Working Mother’s’ survey shows that the improvement for women in law is improving only slowly.

The stats show nearly four of five female associates leave their firm in the first five years. The list singles out 50 law firms that have made strides to curb attrition rates and keep women lawyers happy.

“We want to arm firms with information so they can start improving their retention and promotion of women,” Deborah Epstein Henry, president of Flex-Time Lawyers LLC, a consulting company she started after working as an associate at Patterson Belknap Webb and Tyler in New York and Schnader Harrison Segal & Lewis in Philadelphia. (As reported by Law.com).

San Francisco’s Folger Levin & Kahn, at just 68 lawyers, made the list for a second year as did Skadden, Arps, Slate, Meagher & Flom, which employs 1,753 lawyers in the U.S. alone.

This year 115 firms participated, compared to 85 last year, although several did not reapply, which may help explain the 52 percent year-over-year turnover in those firms that made the list.

This year’s research touched on some positive trends: the average maternity leave inched up to 14 weeks from 12 last year and the rate of female equity partners rose to 19 percent from 16, with nonequity partners at 28 percent, up from 22 percent.

Working Mother and Flex-Time don’t rank the firms but instead highlight some firm programs and statistics. The reason: to encourage participation, says Henry. This year’s special mentions included Bricker and Eckler, a 325-lawyer Columbus, Ohio firm, lauded for having 28 percent female equity partners and a job share program.

LawFuel.co.nz is the New Zealand and international legal jobs site with legal jobs, law firm news and resources for lawyers worldwide.

Lifelock Problems - Don’t Bank On It

8 November, 2008 (18:31) | Uncategorized | By: golddaddy

A few months a go we had several Lifelock problems make the news but in truth the company didn’t seem to be effected and continued their growth, now having over a million customers. Lifelock is still the leader in identity theft protection despite several new companies hovering in the shadows to take over should the Lifelock problems have been critical.

Back in May we had the news of several clients taking legal action against the company because they claimed the Lifelock advertising campaign was misleading.

The claim was based on the fact that Todd Davis gives out his social security number in Life Lock advertisements to prove how confident he is in the protection provided by Lifelock. It appears they felt, or at least their lawyer felt that this was misleading because actually a criminal managed to take out a small loan for $500 using the social security number of Todd Davis.

This obviously made the news, it’s a good story but then as the story ran it was shown that actually Lifelock had worked for Davis. The person who took out the loan was caught and more just as importantly, the Todd Davis credit file remained clean.

We also learned that none of the clients who were attempting the lawsuit had actually suffered a case of identity theft and hadn’t even cancelled their Lifelock membership. The story died as quickly as it appeared.

The next Lifelock problems seemed to be a little more serious. Experian, one of the big 3 credit bureaus were telling anyone who would listen that the service provided by Lifelock could be done by a person without the need of a monthly subscription.

Lifelock, acting on a acting for their customers, place a fraud alert on their credit file which means extra care should be taken when offering loans, credit agreements etc. Basically it means the person fears their identity could have been compromised so please double check before opening a line of credit. Incidentally, the person who took out the $500 payday loan in Davis name was able to because the company handling the loan admitted to ignoring the fraud alert.

Experian say you can add a fraud alert yourself so Lifelock are taking monthly fees under false pretences. At first glance this looked like serious Lifelock problems and once more the press jumped in feet first.

A little digging by a few journalists who prefer to report news rather than just a good story again showed that what appeared to be Lifelock problems, more than likely had an ulterior motive.

It seems Experian do not like fraud alerts on credit files. Fraud alerts slow down the loan business and creates work for them. It’s for this reason that a fraud alert only lasts for a period of 3 months. You then have to go through the whole process of applying for the fraud alert again.

Lifelock manage this for their customers every 3 months and should something go wrong and an identity gets misused, they have a guarantee that kicks in to the tune of a nice $1 million and it’s this their customers are happy to pay a small monthly fee for.

One other reason Lifelock are not the favorite company of Experian is because Lifelock remove their customers names from all the financial mailing lists. The theory being if you aren’t receiving credit card offers through the mail, they can’t be stolen and accepted in your name.

It sounds a good idea right? Well guess who sells the credit card companies the names of affluent middle class Americans who the credit card companies want to target? This is huge business for the credit bureaus as these lists are extremely targeted and thereforeextremely valuable. Just consider sending out your credit card or loan offer to homes you already know have several cards and an income of $90K a year instead of just posting to the masses and hoping for the best?

As with many new highly successful companies, deeper motives are usually found when stories start appearing in the news and the Lifelock problems are no different.

If you were considering joining Lifelock, make your decision based purely on the service they offer, not on the Lifelock problems that you may have heard about a few months back.

Yes you can do what Lifelock does for you yourself. You may also be capable of servicing your car yourself if you wanted to and some people do. Others though prefer the security that comes with knowing a professional has done it for them and should the person doing the job make a mess of it, there is a full guarantee as back up.

Forming an LLC as a Small Business Owner

4 November, 2008 (13:32) | Uncategorized | By: golddaddy

There are certain possible legal ramifications that you need to consider if you are thinking of starting, or already have started, a business. There are potentially greater legal liabilities you are exposed to as a small business owner that you did not have to consider before you owned a small business.

Another thing that you have to consider when you are your own boss is taxes. Business taxes are handled in a different way than personal taxes, so you have to know of what is going on with your business taxes. Talking with an accountant is a good idea when it comes to business taxes.

While you most likely can operate your business as a sole proprietor, this is not the best choice in most circumstances. There are several liability and tax reasons why you should not operate as a sole proprietor. Seeking professional advice in these issues is highly recommended.

So what can the average small business owner do? Wise entrepreneurs form some sort of business entity to protect themselves from personal liability and to take advantage of corporate tax laws.

A very common business entity, and probably the best solution for most small business owners, is to think about incorporate LLC. A limited liability company, or LLC gives you liability protection personally, assuming it is set up correctly and you totally separate your business and personal goings on. Also with an LLC, you have the ability to can pick how taxes are handled.

Forming an LLC is very easy. The more expensive option is paying a lawyer to set up your limited liability company. Or, you can use one of the less expensive Internet business creation companies for incorporation LLC. With prices as low as $115, there is no excuse to not form an LLC for your small business.

Consult with a professional to see if a limited liability company is the right structure for your business. It is vital to make sure that you have your business structure set up correctly to limit personal liability and make the most of the tax benefits given to companies.