What Each Business Entity Brings To Your Table

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When you search for “How to register a company in India,” the biggest factor that pops-up is deciding the type of entity or structure of the business. Currently, there are many options available, ranging from LLP in India to Hindu United Family (HUF). Which category fits your business depends upon factors such as:

  • The workforce within the company
  • Goal of the organization
  • Investment in the business

While these factors are essential, there is one more aspect to be considered when selecting a business entity. Each category brings some pros and some cons to the table. Knowing those advantages and disadvantages can help you decide which structure will not suit your business and which benefits it the most. To that end, this article explains the pros and cons of some of them.

  • Basic definition
  1. a)   A sole proprietorship has just one owner who gets all the profit or bears all the loss.
  2. b)  A partnership is held by two (or more) people who share the benefits among them.
  3. c)   A corporation is owned by shareholders who gain money when the company profits. This is the most complex form of setting a business, but it offers many paybacks in the long run that others don’t.
  • Liability Clause:
  1. a)   A corporation has the maximum liability protection because shareholders do not lose their personal assets if the company goes into debt. This is possible because the company is considered as a separate legal entity.
  2. b)  Sole proprietorships and partnerships have more liability. If the company is in debt, it is the legal responsibility of the owner to cover it. This makes the entrepreneur liable to losing personal assets.
  • Fund Accessibility:
  1. a)   Partnerships and sole proprietors raise money on their own, which can be done through loans or private funds.
  2. b)  Corporations can sell stock to raise money, which means they tend to collect more funds than most other business forms. That said, it does take more effort and time to gather financial backup by selling stock as compared to finding investors.
  • Tax Rates:
  1. a)   Sole proprietors and partnership firms are charged at the same tax slab as regular individuals, which tends to be lower.
  2. b)  Corporations have a higher tax rate, but they enjoy certain benefits such as deducting the salaries of employees and shareholders as a business expense. This considerably reduces the taxable income. Unlike Sole proprietorships, corporates have to file their taxes separately from the shareholders.

A more comprehensive pros Vs. Cons of the common business entities are given below.

Partnership

  1. These are easy to create and maintain
  2. Requires no fees for the creation
  3. Net business losses on personal income taxes of owners can be reported
  1. Debts and other liabilities of the business are covered jointly and personally by owners
  2. Personal income tax has to be paid by owners for all net business profits

Sole Proprietorship

  1. Business and owner are one legal entity.
  2. Easy to create and requires no creation fees.
  3. Business loss can be deducted from personal tax returns

Affordable Insurance for Students

Securing your child’s future is beyond having a fat college fund account. There is a lot more to put into consideration as a student, and insurance is one vital aspect of it all. As a parent, just like you didn’t think twice before insuring vital areas of your life, count your student insurance as important also. Endsleigh Insurance offers insights in the form of reviews from clients who have insured their kid’s student life.

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You might wonder, why should I think of insurance? The kid isn’t even an adult yet, and when she does become one, she should take care of her bills. Here is why you should; two-third of college students would have to adjust to living independently. So expect a few ground rules to be broken, which may result in unforeseen circumstances that will cost you.

This shortlist of the basic and affordable types of insurance for every student should help you prepare them for the unpleasant days.

Renters Insurance Coverage

Stealing among students shouldn’t amuse you anymore. I never said it is right neither did I encouraging the practice among these young ones. Theft is a common occurrence all over campuses in the United Kingdom, which is why your kid needs to get renters insurance. Aside from the renters’ insurance, you should help protect your child’s luggage and belongings to a large extent. Just to prevent easy access to their belongings.

A much different renters’ insurance is offered to students who stay outside campus. The insurance covers specific personal belongings. However, it is advisable to leave behind valuables before heading to the campus.

PLIC (Personal Liability Insurance Coverage)

The personal liability insurance coverage is by far the most important insurance option for every student. For example, you have a child who stays in a rented facility off-campus. In that case, you’ll need to apply them for a personal liability insurance coverage to cover the health expense of an accident of any individual at their place.

One clear way to look at it is when they host friends for a party at their place and one or two of them get injured accidentally in a violent dispute. The parent of those kids can decide to file a lawsuit against you, requesting that you take care of the hospital bills and compensation for their emotional trauma. If your kid has a PLIC, the insurance company will stand in your place, bear the cost, and save you from any personal expenses.

Health Insurance Plan

When a child is within parental supervision, they are included in the family’s health insurance plan and remain beneficiaries until the age of 26. In the case where your child is traveling to a different state for academic purposes, you will have to inform your insurance company. So arrangements can be made in the case of an emergency on campus or its surroundings. If you think this is too much risk to take at a time, there is also healthcare insurance coverage in every …

3 Rules of Thumb for Great Sign Design

Whether it’s storefront signage or billboard advertising, a great sign is one of the most effective advertising tools your business can use. On the other hand, a bad sign can do much more harm than good. So, what makes the difference between a great sign and a bad one? That’s a big question, but fortunately there are some easy rules of thumb for signs and graphics Austin that can help you make good decisions.

Use as Few Words as Possible

Perhaps the biggest enemy of effective sign design is clutter. While it may be tempting to put as much information as possible into your signage, you will be working against yourself if you do so. Signs and graphics Austin exist to create basic awareness and get customers in the door. Once they are there, you can bombard them with information. If a sign is too wordy, people will miss the main point. Keep it clean and clear.

Keep Fonts and Colors Simple

Skilled designers know quite a bit about font theory, including the use of complimentary fonts, different weights, and effective fonts by industry type. If you have a design pro working with you, fantastic. But most companies don’t, so your best bet is to use common, bold fonts and primary colors. It may not seem very creative, but clean signage beats sloppy design with strange color choices.

Take Advantage of Technology

After the design is in place, it’s time to build the signs and graphics Austin. There is no hard and fast rule for using lights, moving parts, or stationary signage; it varies from industry from industry. What works for a bar may not work for a doctor’s office. The key is to educate yourself on what is available and determine what is appropriate for your business.

Keep your signage clean and simple and consider what technology you can use. Follow these guidelines, and you’ll be surprised how much will fall in place!…