Think Optimistically

Being a leader doesn’t mean that you’re constantly gritting your teeth in anticipation of having to push through each day like it’s an absolute ordeal. If anything, it’s much better for leaders to have an optimistic disposition. Being an optimist doesn’t mean that you act like everything is going to go your way so you don’t make any real plans. It means being able to find the good in any situation. This is key for leaders, as you need the fuel of optimism to carry you through some of the tougher moments and of your job, as well as to keep your employees in good spirits.

Spend Time with Your Team

Leaders who are divorced from what’s going on with their teams can’t hope to aspire to greatness. You’re never so important that you can’t benefit from having meaningful, one-on-one interactions with your team. You should be getting as close as possible with your team. In business and manufacturing, this is called a Gemba walk. This enables you to get on the ground with your team, stay connected to the process, and helps you get to know your team’s strengths and weaknesses. This can help to show your team that you really are invested in their process and want them to succeed.

Let Others Lead

Effective leaders need to recognize when they can and should step back and let others take the reins. This doesn’t mean they’re surrendering control. It simply shows that they’re willing to grow as leaders and also as thinkers. When you’re spearheading a new project or looking for ideas, be open in encouraging others to offer their input. You might be amazed by how many great ideas people are keeping to themselves because they’re not sure if they can be shared. Additionally, you should seek out feedback from others, so you can get a better sense of what kind of leadership people want. 

These habits help to solidify people into leaders. Consistent effort and adhering to the standards of great leadership can help you inspire others to become leaders themselves. Through this sort of cooperation and understanding, your business can become even more impactful and thoughtful.

Keep your business – and team – growing successfully by avoiding these common dangers!

ScaleUPCheckUPis here and it is a game-changer. The game is about to change – are you ready?

Contact us at info@scaleupcheckup.com or 1-866-724-0085 for more information.

The above is not and should not be considered legal advice, but is intended as an overview, and it does create nor imply an attorney-client relationship. However, contacting an attorney to steer through the maze of bureaucracy to register and defend a mark may very well be necessary – this is where working with the ScaleUPCheckUP team can be of pivotal benefit!

ScaleUPCheckUP’s blog, website, newsletter and other forms of communication contain general information about legal and related matters. The information is not legal advice and should not be treated as such. You must not rely on the information on this website as an alternative to legal advice from your attorney or other professional legal services provider. If you have any specific questions about any legal matter you should consult your attorney or other professional legal services provider.

The post 3 Essential Habits of Effective Leaders appeared first on E-Council Global.

Boca Raton, Florida, October 24, 2018 – Having a scalable business means that your company’s legal structure, compliance initiatives, and risk management posture are proactively optimized and harmonized – setting a solid foundation for growth.  ScaleUP Enterprises offers an innovative approach to solving business risk challenges for growing organizations. This approach begins with the ScaleUPCheckup web assessment tool – recently featured on Inc.Com in “The 5 Biggest Mistakes Every New Entrepreneur Makes When Launching a Startup.”

According to Lauren Cohen, Esq., Founder of ScaleUPCheckUP, “Over time, we have consistently observed the challenges and consequences faced by growing businesses that haven’t planned adequately against risk – and a gap in the availability of affordable services that address risk comprehensively. ScaleUp Enterprises offers the solution. Our expertise spans years of experience providing legal and business consulting, assisting companies with risk exposures which hadn’t been fully anticipated in earlier stages of business operation.”

About ScaleUPCheckUP: The newly-launched ScaleUPCheckUP web assessment offers an easy starting point for benchmarking risk readiness. Within 5 minutes, this web assessment tool will deliver an indexed score of your ScaleUP readiness, based on a set of codified intelligence and know-how.

ScaleUPCheckUP delivers through ScaleUP Ambassador Network, a VIP professional resource network comprised of professionals spanning business legal and financial areas of expertise. Ambassadors oversee and coordinate the strategic network and vendors relationships, ensuring that client members are receiving coordinated, quality services from the right professionals at the right prices and on the right timeline. ScaleUP’s complementary goals are to “Bulletproof Your Business” and “Get it Done – Right”!

About Lauren Cohen: Global entrepreneur and #1 bestselling author (‘Finding Your Silver Lining in the Business Immigration Process” – 2017), Lauren A. Cohen is an attorney licensed in both the U.S. and Canada. Ms. Cohen is an expert concierge immigration and business advisor boasting a stellar track record of success. In 2008, Lauren started e-Council Inc., an internationally-acclaimed company focused on providing concierge strategic full-service solutions for businesses seeking capital and foreign entrepreneurs seeking access to the U.S. market. Continuing in the tradition of sound strategic solutions, ScaleUP Enterprises, LLC was established in 2018 and ScaleUPCheckUP is Lauren’s newest initiative, designed to impact entrepreneurs and business owners globally seeking to protect their businesses with strong foundations.

ScaleUPCheckUP’s office is located at 874 Walker Rd. Suite C Dover, DE 19904. Call 866 724 0085 or email Lauren@scaleupcheckup.com.   Ms. Cohen is available for speaking engagements, interviews and/or to submit articles for publication. To learn more, visit https://www.scaleupcheckup.com.   To take the free ScaleUPCheckUP Business Success Assessment visit: https://www.scaleupcheckup.com/assessment/.

Media Contact:

Heidi Richards Mooney

Redhead Marketing, Inc.

Heidi@RedheadMarketingInc.com  

The post The NEW ScaleUPCheckUP Web-based Assessment Benchmarks Your Risk Readiness appeared first on E-Council Global.

Are you considering buying or starting a new business? Are you trying to decide about incorporating? But don’t know where to start or which options will best suit your goals? Well, there are a number of options to consider. The five main types of businesses are a sole proprietorship, corporation, subchapter S corporation, and Limited Liability Companies, or LLCs. It can often be daunting to figure out what business structure is best.

To help you understand the advantages of each type of entity, here is a brief overview:

The sole proprietorship involves less interaction with the government bureaucracy. While a sole proprietor must interact with the taxing and state/local licensing agencies, and worker’s compensation and unemployment agencies, they typically not have to register with state authorities, often with an office known as the Florida Secretary of State or similar authority in your state. A sole proprietor won’t have to file annual reports articles of incorporation, and shareholder papers. As a sole proprietorship, you have free reign in running your business within the confines of the law. If you’re doing business in Florida, the fourth largest market in the United States, you do not have to pay a state income tax. In Florida, there is no state income tax for individuals, but if you were a corporation, both you as an individual and your corporation would be subject to taxation. Sole proprietorships are viewed as the same entity as the owner individually, and pay no state income tax.

One major drawback to a sole property is that the owner is subject to personal liability regarding debts and court judgments. If a lawsuit is filed against the business on whatever matter, it is the owner who’s on the chopping block. Also, the owner may be viewed more skeptically by a bank in obtaining a loan. The owner’s credit record will be carefully examined and he or she will be responsible for the terms of the loans. Banks may view the sole proprietor as a higher risk as there are no other investors to pool resources.

You may wish to start a simple partnership. The principles governing a partnership are similar to those of a sole proprietorship. Absent agreement among the partners, the partners share in 50% of the profits…and losses.

Creating and running a corporation is the mirror opposite to a sole proprietorship. The owners or shareholders are usually shielded against the debts or judgment of the corporation unless they sign personal guarantees or run the corporation as it were an unincorporated business. Corporations are required to file articles of incorporations, annual reports, and other documents with the state. In Florida, the corporation will indeed be taxed on both the state and federal level; dividends will be taxed to the corporation, but count as well as income for the shareholders.

In an S corporation, there are “pass through” provisions effectively eliminating double taxation issues in most instances. Also, dividends are not subject to self-employment tax and there may be tax advantages to the shareholder as to treatment of wages. This a huge reason you may wish to file as a Subchapter-S corporation.

Finally, after receiving tax and legal advice, it is easy to create or convert to a Subchapter Corporation. This is usually accomplished by filing a simple form with the IRS within applicable deadlines.

LLCs are a popular form of business organization. The IRS does not usually tax the entity, as members determine how to be taxed. Profits or losses are taxed the personal tax return of a single member. It is quite common for an LLC to have an operating agreement describing organizational governance and tax issues. However, members should know that self-employment taxes are general passed through

In conclusion, what may seem simple on the face, has a myriad of legal and tax consequences. Absent agreement, state law will control the governance of the entity. While laws among the states are similar, there are enough differences that merit one being cautious.

The opinions here are not legal advice. Consult an attorney or CPA as each situation is unique. This column is not intended as advice to avoid paying applicable income taxes.

Samuel C. Gold, Esq., has practiced trademark law for nearly 15 years. Mr. Gold has been a member of the Florida and Wisconsin bars since 2002. He is also admitted to practice before several federal courts, including the U.S. Supreme Court.

ScaleUPCheckUP is here and it is a game-changer. The game is about to change – are you ready?

To find out if YOUR business is at RISK, take the ScaleUPCheckUP Assessment NOW, or contact us at info@scaleupcheckup.com or 1-866-724-0085 for more information.

While the above is not and should not be considered legal advice, since circumstances vary, ScaleUPCheckUP monitors these rapidly developing issues, as enforcement of the law switches into high gear. Instead, the foregoing is intended as an overview and not legal advice, nor does it create an attorney-client relationship. However, contacting an attorney to steer through the maze of bureaucracy to register and defend a mark may very well be necessary to consult an attorney.

ScaleupCheckup’s blog, website, newsletter and other forms of communication contain general information about legal and related matters. The information is not legal advice and should not be treated as such. You must not rely on the information on this website as an alternative to legal advice from your attorney or other professional legal services provider. If you have any specific questions about any legal matter you should consult your attorney or other professional legal services provider.

The post HOW TO CHOOSE A BUSINESS ENTITY THAT BEST SUITS YOUR COMPANY AND GOALS appeared first on E-Council Global.