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The Advantages of Franchise Ownership

It is no secret that everybody wants to be their own boss. While this is only a dream to some, more and more Canadians are making it a reality through franchise ownership. Being a part of a growing, national brand provides security and other resources that independent startups just can’t. If you are looking to make a change, it is never too late to be your own boss.

There is a certain magic that comes from seeing your name above an office door but there is more to an independent service company than signage alone, Building up a name and reputation takes years of hard work and struggle. Even for those who are willing to contribute the sweat equity, there is always the question of capital. Many small businesses go years with a razor thin budget that can be toppled by one wrong move. Statistically, half of these will be out of business within the first five years. These numbers are enough to scare anyone off but it makes startups a real risk. It is this risk that drives potential owners into the security of franchise partnership instead.

Aligning with an established company provides the reputation that businesses need so desperately. In addition to a familiar name, franchise ownership can be a more cost-effective solution than an independent service. A property maintenance franchise, for example, bundles costs for specialized tools, training and equipment that can add up without a partnership. When considering a franchise purchase, it is important to look in to exactly what comes along with it.

Marketing is a budget killer for many startups but in the case of franchising, advertising, social media and web presence is all handled by a parent department. Having professional web developers on staff, increases web traffic while freeing up time for owners and their staff.

Resources are a major selling point for franchise partners. The cost of equipment alone can be in the tens of thousands depending on what type of industry you are breaking into. For most franchises, equipment is provided at a discounted rate and comes along with warranties for repair and replacement. In addition to physical resources, partners have access to a network of their peers with plenty of experience under their belts.

Security comes along with experience, training and, of course, insurance. With an established company behind you, staff have access to top of the line safety equipment and training. In addition to proper training, staff work under an umbrella of insurance that protects against bodily harm and any property damage.

The Perks of Choosing a Local Ad Agency

Business is a competitive field, no matter the industry – particularly in highly urbanized areas. With so much on the go, it is extremely important to have a voice that stands out from the rest. This need for a distinct voice is exactly the reason that organizations both large and small choose to partner with advertising agencies. When looking to align with the best agency possible, consider looking into local options.

The most important tasks for advertising agencies are exposure, brand development and awareness, all while maintaining a functioning budget. The keys to hitting these targets are understanding, adaptability, involvement and networking strategies.

Understanding: A local advertising agency in Vancouver, for example, is well-acquainted with the community surrounding a business, along with its members. A nation-wide agency might be able to apply broad knowledge and common themes but smaller events are often overlooked. No one knows how to appeal to residents in your area better than the experts who live there. This insider knowledge allows agencies to create specifically geared content and SEO strategies that apply to both targeted and widespread audiences.

Adaptability: The climate in urban environments is constantly changing. Creating one standard game plan does not account for changes in the market. In order to succeed, plans must be adapted. Instead of waiting for trends to become widespread, local agencies keep their finger on the pulse and are ready and willing to tweak and accommodate to trends quickly.

Involvement: The old saying goes “it’s not personal, it’s just business” but a successful business requires a personal touch. Instead of communicating solely through phone calls and e-mail. local service allows for face time with clients. There is no way to properly understand the ins and outs of a business without getting a few hands dirty!

Networking Strategies: Community involvement and networking are a major asset with local services. In addition to being dialled in, these connections make it possible to complete projects quickly – and often at a discount. Instead of shopping around for an expert in web development, copywriting and design, an equipped agency will be able to cover all these necessary areas.

The best way to decide which firm is right for you is through questions and communication. Don’t be afraid to ask the tough questions in order to get the results that you need.

Setting up a BV in the Netherlands

Many multinational corporations nowadays have a limited company in their portfolio of international entities. They are known as Besloten Vennootschap (BV). The primary advantage of setting up a BV is that it is an anonymous entity. As to entity management or subsidiary governance activities it is one of the most straightforward legal forms.

Structuring a BV

The equity of a BV is divided into shares which are owned by shareholders. Although they hold ultimate power, the directors of the company are responsible for running the business on a day-to-day basis. A supervisory board can also be appointed to monitor the board of directors. In smaller BVs, the only shareholder is the director himself.

Setting up a BV

There are 3 steps required to set up a BV:

  • Incorporation (civil-law notary) by statuses
  • Deposit (min 0.01 pounds)
  • Listing in the commercial register, carried out by civil-law notary
  • Registration at the Dutch Tax and Customs Administration

It is possible to start trading even before you set up a BV. You can operate as a ‘BV in formation’ in case your civil-law notary is in the process of preparing your incorporation. This is referred to as a ‘BV io’. Before entering into any agreements with business partners, you should state that you are acting in behalf of a ‘BV io’.

Liability

The director will not personally be liable for the debts of his BV. Despite this, banks require the director to co-sign for loans as a private individual. This will make the director personally liable to repaying the loans. Banks can also hold you personally liable if:

  • You were aware that the BV would not be able to deliver its promises when you entered into an ambitious agreement.
  • The Dutch Tax and Customs Administration were not informed in time about your inability to pay your taxes.
  • Taxes and social security contributions were not paid as a result of mismanagement or negligence.
  • In the previous three years, your BV was declared bankrupt due to mismanagement.
  • Payments that could financially jeopardize the BV were still made.

Sole Proprietorship or PLC

If you are unsure about whether to be a sole proprietor or have a private limited company, you can make a list of differences to consider the best option for you. While taxes for BV are lower, annual costs are higher. In addition, liability is an important factor to consider.

Withdrawing equity

If directors plan to withdraw equity from their BV, they are required to perform a ‘payment test’. This is only allowed when the business has sufficient funds which help to preserve its financial position and ensure payment to creditors.

Selling your business

There are two ways you can sell your company: selling shares or divesting the business from the BV by selling the equipment. However, you will have to pay a corporation tax on the profit.

 

 

 

 

How to Deal with the End of the Tax Year

The end of the tax year is near. For many of us, it can be a rather stressful time of year, especially if you are self employed and have to do everything yourself. So unless you know somebody who will do your taxes for you, you might want to prepare yourself in advance for those few weeks when you need to work really extra hard without that much time for yourself. Here are some tips to help you survive those challenging weeks:

1. Start filing your taxes early and don’t push anything until the very last minute. Yes, you do have a deadline here, but you also had a lot of time to make all the necessary preparations so that you don’t have to hurry or get too stressed about it.

2. If you feel like you lack that extra space for your paperwork, consider renting a storage unit such as storage units baton rouge. This will enable you to store your papers in a safe and climate-controlled space that only you (and those who you grant it) have access to.

3. Don’t think that because you have to file your taxes you need to work 24 hours per day. You need to get some rest too, or you will crash. You also need to remember to de-stress on a regular basis. This can be accomplished in many different ways, so do whatever works for you and try not to overwork yourself.

4. If possible, ask somebody for help with your taxes even if it means paying them to do it. Nobody expects you to do everything on your own, so if you suspect that you don’t have what it takes to do your own taxes, consider outsourcing it. This way you will have some spare time you will be able to dedicate to some other tasks, or to some other activities that weren’t previously possible before due to lack of time for example.

Key Documents to Submit for a Loan Application

Owning a home is one of the biggest dreams that most people desire to achieve, and the sooner, the better. Since houses cost vast sums of money, buying them on a mortgage or home loan is usually the most common thing to do. For the home loan to be finally approved, you have to go through some steps known as the mortgage process, which involves the submission of various documents. These documents are meant to prove several things, such as your identity, your ability to repay the loan, your income, and more. You need to familiarize yourself with the various documents that lenders will require from you so that your loan is quickly approved without issues.

You must provide all the required documents and ensure they are correct and accurate, because the loan officers scrutinize them. Any incorrect, incomplete, or inaccurate documents will only delay your loan approval. So, what are some of the materials you need to provide for your home loan?

Pay stubs

You need to give proof of current employment and income, which will entail pay stubs for those who are employed. The lender will need to see the pay stubs from at least the last month, but cases may vary among lenders. Pay stubs are a good way to show your current employment and your take-home figure, which is crucial to determining the amount you can afford to pay back comfortably.

W-2 forms

When the loan officer asks for one month’s pay stub, they may need you to provide W-2 forms for the past two years. These forms show income history and act as proof of employment.

Credit report

The lender may not ask for your credit report, but you should be aware that they will pull it in the initial stages of your loan approval process. It is therefore prudent to acquaint yourself with the contents of the report, and if there are errors, you must raise disputes with the credit bureaus. If you have a good credit score, you are more likely to qualify for bigger loans and better interest rates or loan options. You should start building your credit rating early if you are planning on getting a home loan or any other loan. If your score is low, you can engage professionals who you can find at https://www.boostcredit101.com/ to help you improve it, so by the time you want to take out a loan, your score will help you.

Bank statements

Lenders will want you to provide the most recent bank statements from all the bank accounts you hold. These statements will enable them to see how much money you have and other crucial things.

Past tax returns

Most of the time when dealing with self-employed people, for whom W-2 forms for proving income are not applicable, lenders will need to see one or two tax returns. If you did not save copies of the returns, you might need to request them from the relevant department and avail them to your lender.

Proof of rental income

In case you own rental properties, you can use the income to qualify for the mortgage. Your bank or lender may want you to submit the schedule of your tax returns capturing the rental income, or a copy of the lease may suffice.

Year-to-date profit and loss statement

Lenders will need a completed year-to-date P&L statement from self-employed applicants to show the financial stability of your business.

List of debtors

Although your credit history shows your debtors’ details, your lender may need to get more information on some debts or on other obligations not captured there to be able to arrive at a more accurate debt-income ratio.

List of assets

Should you have other assets in addition to the money in your bank accounts, you should provide the lender with them as you submit income documents. Having more assets portrays your financial preparedness and capacity to take on a mortgage.

Conclusion

The above list is not exhaustive, as you may need to submit documents like proof of supplemental income, bankruptcy documents, or foreclosure documents to show you have no obligations on debts related to past bankruptcies/foreclosures. Also, there are other documents that your loan officer will inform you about when you embark on the home loan application process, which you will also need to submit.

 

4 Reasons Why Your Business Should Invest in a Security Guard

Criminal activity or other potential threats can target any business, regardless of whether it’s a huge conglomerate or a mom and pop store. Even if you’ve been fortunate enough to avoid serious inventory or revenue loss in the past, new crime trends and dangers may occur without notice and wipe out the security you’ve worked so hard to build right down to its foundation. Investing in the right security services can go a long way to protect your assets and secure your future in countless ways. But why should you consider including security guard services in that plan?

Customer Service

A business is only as strong as its employees, and a security guard can add serious depth to that team. Besides being a potential menacing force, the right security personnel can act as an ambassador to your loyal customers. A guard can act as a sentinel to the entire business, work the front desk, provide directions within the establishment, and even help customers and employees to their vehicles. The right guard can state your business is solid, secure, and customer-focused without saying a word.

Business and Theft Monitoring

Your security personnel can do far more than simply working on the front lines. A security guard can check credentials and check for contraband on customers or employees. But theft doesn’t just center around customer-based shoplifting. According to a national study employee theft alone costs American businesses over $50 billion per year. A guard can admit or restrict entry to a specific area on the premises. And a security guard can monitor video surveillance or secretly patrol the business to personally monitor theft or other potential dangers. The right security guard or team can monitor various aspects of the business before, during, and after business hours to take tons of stress and responsibility off of the owner and keep things running smoothly 24/7.

Crime Prevention and Response

According to the latest FBI crime clock statistics, at least one type of property crime averaged just under every 4 seconds while a violent crime occurred in America every 26.3 seconds. Security guards can have a variety of training options under their belts which can come in handy for not only preventing crime but noticing and eliminating potential dangers before they’re implemented. A trained guard can also be responsible for responding to crime as it’s occurring or call local authorities for backup as the need or protocol warrants.

Overall Sense of Security

Loyal employees and customers can be worth their weight in gold. But it’s far more difficult to retain both elements when fear is present. The mere presence of a uniformed security guard can deter crime and add an extra line of defense and confidence for everyone involved. Whether employees work in high-risk facilities or surrounded by high-end merchandise, the right security team can help them feel productive on a daily basis. And a trained security guard also proves the business prioritizes and ensures customer safety. A call to Korner Security in Metro Detroit can get the ball rolling on securing the future of your business from the inside-out.

20th European Workshop on Molecular Beam Epitaxy

EuroMBE provides a forum for the discussion of the epitaxy of novel materials, nanostructures, trends on MBE growth and modeling, devices and technologies. It will be held on February 17, 2019 in Bavarian village of Lenggries, about 70 km south of Munich, and is organized by the Paul-Drude-Institut in Berlin.

Among the companies represented at EuroMBE 2019 will be k-Space Associates, a worldwide supplier of the industry’s most powerful analytical RHEED system. Analyzing the diffraction pattern that is formed by the RHEED technique in real-time provides a wealth of information about crystal structure, atomic spacing, surface quality, and growth rate.

Additionally, k-Space offers monitoring tools and software for substrate temperature and thin-film stress, both crucial control parameters for MBE.

What to Know About Fast Cash Loans

Fast cash loans are an option for people who are in need of quick funds. However, there are several things that you should know before you take out a fast cash loan. Here is what to know about fast cash loan options available to consumers.

They are Easy to Qualify for

Many people turn to fast cash loans because they are easier to qualify for than other types of loan financing options. You can get a fast cash loan without having a good credit score. In fact, lenders typically do not check your credit. The main thing that lenders are concerned about is your ability to repay the loan.

If you have a source of income and have not defaulted on any fast cash loans in the past, then you will probably get approved. You may also be required to have an active bank checking account. Furthermore, you have to be a legal adult to get a fast cash loan on your own.

They Have Higher Interest Rates

Due to the fact it is easier to get fast cash loans, they tend to come with higher interest rates. The interest rate can vary depending on the lender that you choose. Because you will end up paying back more than you borrowed, it is important to only borrow what you can afford to pay back promptly.

Payments Have to be Made on Time

One of the keys to responsible borrowing is to make sure that you will be able to make the payments on time. You can often negotiate the payment schedule with your lender. However, there are consequences that come along with making payments late.

Your lender can charge you additional fees and interests. This can cause you to end up in debt that will be hard to pay back. Late payments may also be reported to the credit bureaus, which can cause your credit score to drop several points.

It is important to make sure that you understand all of the terms and conditions before you take out of the loan. You will also need to take note of the due dates. If the payment due date is coming up and you can’t make the payment, then you will need to reach out to the payment. You do have the option of rolling over your loan, but you will end up paying more money in the long run.

There are several ways that you make your payments. Many lenders will automatically take the funds out of your checking account when the payment date is due. Others will require that you make the payments online or at the branch.

Fast cash loans can help you get out of a bad financial situation. However, there are several things that you need to know before you decide to apply for one. It is easy to qualify for a fast cash loan, but they have much higher interest rates than other types of loans. You also need to make sure that you make payments on time. Furthermore, if you are in the military, then you will have additional protection.

When Businesses Need More Space

It is not unusual for businesses to suddenly run out of space especially if they are expanding. It is always a good thing to expand, so if you have been running out of space because there is more business going on you should be happy about it.There are a few things you can do if your business is expanding. You can:

1. Move to a new location that offers you more spacious premises. This is something that many businesses choose to do provided that there is a good reason to do it. If you are absolutely sure that your business is going to do better and better you should go for it. Relocating to a better place will take you and everybody else a lot of time and some money. so make sure that you know what you are doing.

2. If you don’t want to take too big steps and relocate immediately not knowing what the future holds, choosing to store your belongings in a self storage unit such as self storage fremont is another great option for you and your business and in fact this is something that many business owners choose to do. It can be either temporary or more permanent solution depending on how your business is doing. In the worst case, if your business stops expanding you can cancel your agreement with a self storage facility and things can return to normal.

3. Another option that many businesses choose and it can only be done under special circumstances is to look for extra space in neighboring buildings. This way you don’t have to move, but at the some time you can hire some extra space without having to relocate. This can be a very convenient solution because it can help you to avoid all the hassle resulting from having to move to a new location. Not only will it save you some time, but also money.

Questions to Ask When Selling a Business

Buying and selling businesses is a normal thing for many business people. After all, some people do it regularly. It might be easy to part with your company unless you are emotionally attached to it since you created it and have had some experiences with it down the road. Before you embark on this journey, however, you will want to ask yourself a few questions to determine whether you should or not Sell My Business.

1. Is it the right time to sell my business? Sometimes waiting a bit longer might help like for example waiting at that perfect time of year to sell it. Also, you need to take into account the current economical climate in your country and the way it affects your business. If you are absolutely sure that there are some worse times coming ahead of you it might be a better idea to sell your business before it is too late.

2. How do I determine the true value of my business? There are several tools that can help you with that, but if they fail always a qualified broker can help you with the task of estimating how much your business is worth. the truth is that business brokers buy and sell businesses all the time, which means that they are more than qualified to assist you with that sort of thing.

3. What are the things that buyers will look for in my business? How do I make it more appealing and attractive? Often, it is worth your time to sit down and write down all the positive things about your business. When you meet a potential buyer, it is always a good idea to focus their attention on the positives rather than in negatives. Even if there are some negative things about your business, it is up to your buyer to discover them unless you are bound by law to disclose certain things.

4. Should I tell my employees that I am selling my business? That depends on the situation, but if you worry that gossips might spread about the selling process it is better for you to come out and tell everybody what is really going on.

I am discussing all kinds of business and finance topics on this blog and I hope that the information I provide will prove to be useful.
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