#LLC formation process
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Starting A Business With Minimal Capital: A Concise Guide for Entrepreneurs
Starting a business requires a lot of time, effort, and money. And having little to no startup capital can be a stumbling block for aspiring entrepreneurs. The good news is that it’s possible to launch a business regardless of how much money you have.
Today, Worksmarter4u shares some low-cost business ideas, networking tips, and much more. Get ready to become a confident business owner…
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#cost effective business strategies#efficient management of business finances#Entrepreneurship with limited funds#financing options for small businesses#LLC formation process#Low-cost business ideas#Managing busienss finances with limited capital#Network opportunities for new businesses#producing good content for startups#researching loans for startups#SEO for small businesses#small business funding options#starting a business a concise guide for entrepreneurs#starting a business on a tight budget#Starting a business with minimal capital#Tips for Entrepreneurs and Startups#tips for low-cost business success#worksmarter4u entrepreneur tips#worksmarter4yourfuture concise guide for entrepreneurs
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Setting Up an LLC in India: Requirements and Process Demystified
If you're looking to establish a Limited Liability Company (LLC) in India, this comprehensive guide is here to demystify the requirements and process involved. Setting up an LLC in India offers numerous benefits, including limited liability protection, tax advantages, and ease of doing business. In this guide, you'll learn about the step-by-step process of forming an LLC, including the documentation, approvals, and legal obligations. Gain a clear understanding of the minimum capital requirements, shareholding structure,website link https://www.ahlawatassociates.com/setting-business-india
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What I Do With My Patreon Earnings
It occurs to me that I’ve never really done a breakdown of exactly how you guys are supporting me. So. Here are the things you’ve helped me do, and the things you’ll help me do in the future.
My publishing bank account consists of Patron contributions, profits from book sales, and a sum of money I had set aside over a few years to start publishing. In an average month, the highest contribution to the account comes from Patreon.
With this money:
1. I purchased a bulk set of 100 ISBNs. ISBNs are absolutely necessary for publishing, and much cheaper to buy in bulk. So far I have used 16. (Each edition and format of a book requires a new ISBN. So for The Shoemaker Prince, for example, I’ve used 4—1 for a 1st edition paperback, 1 for a 1st edition ebook, 1 for a 2nd edition paperback, and 1 for a second edition ebook.)
2. I set up my business, Wax Heart Press, an LLC, which involved some filing and processing fees.
3. I purchased the domain names and websites for both jennyprater.com and waxheartpress.com, and I continue to use the funds to pay renewal fees.
4. Previously, I used funds to pay the $50 fee to get each book set up with my printer. That fee no longer exists as of earlier this year, which makes each book a little easier on me financially, and frees up more money for other things.
5. Marketing, advertisements, and promotions. Getting the word out there so I can sell more books.
6. Shipping boxes/envelopes. I do charge a shipping fee for my books, which covers the cost of shipping + a little extra. But of course I had to buy all the packaging in bulk before I made those sales.
7. A printer. I actually bought this yesterday, on a Black Friday deal. I’ve been without a printer for quite a while now, and it’s been rough. I won’t be using it exclusively for writing/publishing related work—I’ll use it for anything I need printed, of course. But I’m going to get enough publishing-related work out of it that it seems worth dipping into my publishing funds. I’ll be printing things out for editing, for cover design work, for chapbooks, for shipping labels, and for merchandise and promotional materials. (I do not currently have plans to release any new chapbooks; I just need to be able to print more copies of the currently available three. And shipping labels only apply if I’m sending out anything that isn't a book; books get sent through media mail, and the label can only be generated at the post office by a postal worker.)
8. Starting this coming year, I’m hoping to make more Patron rewards available, as well as more general merchandise. Funds may be used to create these materials as well.
9. In future, as the business grows, I may use funds for things like hiring cover artists or editors, releasing hardcover editions, and hopefully, someday, publishing works by other authors/paying them, instead of being solely a self-publishing venture.
Join me on Patreon today!
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LSAD Seminar 01: Colour Theory with Sylvia Shortall
What is Colour Theory?
In it's most basic form, colour theory is the study of how colours relate to one another and how this, in turn, affects our perception of them. The feeling or emotion evoked by a colour or combination thereof is of particular interest this field of study.
Above: An old RTE test card from 1978 recorded by Andrew Walmsley on Youtube.
The Medium Affects the Message
An important consideration when discussing clour and colour theory is through what medium the colour is being perceived. For instance I have two desktop monitors; A pen display for digital art and an old Dell monitor from a million years ago. Due to differences in technical specifications and calibration they display colour slightly differently. The pen display is marketed toward artists for its colour accuracy, whereas the Dell monitor was basically made to for looking at spreadsheets. If I slide a picture across from one monitor to the other, I can observe the colours change in real time. In this sense, the accuracy of colours is something we can take for granted.
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Above: A video which explains digital colour and how images are projected onto monitors.
Enter PANTONE
So if we can't even trust a colour to look the same between two different monitors, how on earth can brands like Coca-Cola or Starbucks slap their logo on every conceivable product under the sun with one recognisable colour?
Well for better or worse the answer is Pantone LLC and their proprietary Pantone Matching System (PMS). Basically Pantone have a specific formula to render any given colour in any given format. For instance an average computer monitor recreates colour through backlighting hundreds of tiny pixels varying shades of red, green and blue. This is known as the RGB colour model, which is considered "additive" as the colours "add" together to create their intended effect. Print media on the other hand, uses the CMYK colour model. The is a "subtractive" colour model, where the cyan, magenta, yellow, and black (K) mask one another out gradually until the desired tone is created. Pantone somehow they were able to copyright this process and have people pay them for it. If it's not obvious, I hate Pantone and here's a video that should explain why:
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Above: A good video about a bad company.
Janine Antoni - Loving Care, 1993
Sylvia actually recommended I research Janine Antoni for my project, so I was happy too see her work show up in this seminar. Personally I feel colour is one of the less important aspects of this particular piece, but all the same, it's roll can't be diminished either.
The use of commercial hair dye, Antoni's long hair and the act of mopping play into stereotypes of women and their gender defined "roles" in life. The gallery floor becoming covered in dye and the audience being gradually forced back out the door they came in can be seen as an act of reclamation. In this sense Antoni is challenging gender roles by using the traditionally feminine to accomplish the traditionally masculine. For me, it brings to mind the contrast between how men and women sit in public spaces, the phenomenon of "Man-spreading". Something that is seen as a faux pas for women but normalised for men. Antoni makes the viewer confront this kind of everyday sexism.
I think she choose a monochrome colour palette here for the contrast. The deep black on the brilliant white. The Yin and Yang of those shades is often said to represent men and women. I'm gonna move on now cause I'm really just rambling about a piece of art I enjoy.
Above: Hair dye charts bear a striking resemblance to Pantone swatch booklets.
Colour for Legibility
Many maps, such as the famous London Underground map designed by Harry Beck, use abstracted visuals and colour to distinguish between and make clear what might otherwise appear as confusing and arbitrary.
Above: You can tell me which one of these two maps is more legible...
Similarly road signs are specifically engineered in such a way as to be legible under any given time of day or weather condition, regardless of colour.
The Politics of Colour
Colour can mean a lot more than simple aesthetics. As Sylvia points out in the lecture, there can be strong political associations with specific colours. A powerful example of this is how our public post boxes in Ireland were mandated to be painted green after the country achieved independence from British colonial rule. In fact the shade of green was entirely arbitrary, one could argue the act was more about the removal of the distinctly British-associated shade of red, which itself speaks volumes of the power of colour.
A similar example of the political power of colour was the #Blackout campaign to protest against racism and police brutality following the killing of George Floyd.
Copyright and Colour
Left: Yves Klein, Center: Anish Kapoor, Right: Stuart Semple
A bit similar to Pantone and their patented method of matching colour, a number of artist have gained infamy for their roles in legal ownership and exclusive use of colour.
Yves Klein, an influential french artist and pioneer of performance art. Klein, in collaboration with Edouard Adam, created a vibrant blue, reminiscent of the lapis lazuli used in medieval paintings of the Virgin Mary. This shade was dubbed International Klein Blue or IKB. Klein registered this process with the French patent institute in 1960 but never formally patented it.
Renowned British-Indian artist Anish Kapoor, known for sculptures such as "The Bean" and Sky Mirror, was granted exclusive artistic use of the super-black coating Vantablack by it's creator Surrey NanoSystems in 2014. This provoked widespread criticism across the art world.
Kapoor drew particular criticism from Biritsh artist Stuart Semple. Semple, in retaliation to Kapoor's exclusive licensing of Vantablack released a shade of pink paint called "PINK – the world's pinkest pink paint" with the specific legal caveat that it could not be purchased by or for Anish Kapoor. This spurred him on toward a movement of democratising colour, creating affordable alternatives to patented shades such as the aforementioned Vantablack but also to Yves Klein's IKB and even an alternative to Pantone's matching system.
If it's not obvious I think artists have legal exclusivity to materials of any kind is an affront to art itself, and I'm happy to see people like Semple challenging the practice.
Above: Anish Kapoor's now iconic reply to Stuart Semple after getting his hands on PINK.
Stanley Whitney and Colour
youtube
Stanley Whitney is an American painter known for his use of colour and politically motivated art. I included a video above where he talks both about important political causes like contraceptive rights and also his feelings on colour.
What I admire specifically about Whitney's work is his persistent use of a loose grid as a composition. It highlights just how much emphasis he places on colour. What speaks to the viewer in a Stanley Whitney painting are the colours and their relationships between one another.
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NASA selects first lunar instruments for Artemis astronaut deployment
NASA has chosen the first science instruments designed for astronauts to deploy on the surface of the moon during Artemis III. Once installed near the lunar South Pole, the three instruments will collect valuable scientific data about the lunar environment, the lunar interior, and how to sustain a long-duration human presence on the moon, which will help prepare NASA to send astronauts to Mars.
"Artemis marks a bold new era of exploration, where human presence amplifies scientific discovery. With these innovative instruments stationed on the moon's surface, we're embarking on a transformative journey that will kick-start the ability to conduct human-machine teaming—an entirely new way of doing science," said NASA Deputy Administrator Pam Melroy.
"These three deployed instruments were chosen to begin scientific investigations that will address key moon to Mars science objectives."
The instruments will address three Artemis science objectives: understanding planetary processes, understanding the character and origin of lunar polar volatiles, and investigating and mitigating exploration risks. They were specifically chosen because of their unique installation requirements that necessitate deployment by humans during moonwalks.
All three payloads were selected for further development to fly on Artemis III, which is targeted to launch in 2026. However, final manifesting decisions about the mission will be determined at a later date. Members of these payload teams will become members of NASA's Artemis III science team.
The Lunar Environment Monitoring Station (LEMS) is a compact, autonomous seismometer suite designed to carry out continuous, long-term monitoring of the seismic environment, namely ground motion from moonquakes, in the lunar south polar region.
The instrument will characterize the regional structure of the moon's crust and mantle, which will add valuable information to lunar formation and evolution models. LEMS previously received four years of NASA's Development and Advancement of Lunar Instrumentation funding for engineering development and risk reduction.
It is intended to operate on the lunar surface for three months up to two years and may become a key station in a future global lunar geophysical network. LEMS is led by Dr. Mehdi Benna from the University of Maryland, Baltimore County.
Lunar Effects on Agricultural Flora (LEAF) will investigate the lunar surface environment's effects on space crops. LEAF will be the first experiment to observe plant photosynthesis, growth, and systemic stress responses in space-radiation and partial gravity.
Plant growth and development data, along with environmental parameters measured by LEAF, will help scientists understand the use of plants grown on the moon for both human nutrition and life support on the moon and beyond. LEAF is led by Christine Escobar of Space Lab Technologies, LLC, in Boulder, Colorado.
The Lunar Dielectric Analyzer (LDA) will measure the regolith's ability to propagate an electric field, which is a key parameter in the search for lunar volatiles, especially ice.
It will gather essential information about the structure of the moon's subsurface, monitor dielectric changes caused by the changing angle of the sun as the moon rotates, and look for possible frost formation or ice deposits. LDA, an internationally contributed payload, is led by Dr. Hideaki Miyamoto of the University of Tokyo and supported by JAXA (Japan Aerospace Exploration Agency).
"These three scientific instruments will be our first opportunity since Apollo to leverage the unique capabilities of human explorers to conduct transformative lunar science," said Joel Kearns, deputy associate administrator for exploration in NASA's Science Mission Directorate in Washington. "These payloads mark our first steps toward implementing the recommendations for the high-priority science outlined in the Artemis III Science Definition Team report."
Artemis III, the first mission to return astronauts to the surface of the moon in more than 50 years, will explore the south polar region of the moon, within 6 degrees of latitude from the South Pole. Several proposed landing regions for the mission are located among some of the oldest parts of the moon. Together with the permanently shadowed regions, they provide the opportunity to learn about the history of the moon through previously unstudied lunar materials.
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Unlocking Success: Embrace the Best Pro Services in Dubai with 365 PRO Services
Welcome to 365 PRO Services, Your Reliable Partner for a Simplified UAE Business Setup! Embark on your entrepreneurial journey with confidence, courtesy of 365 PRO Services – the latest powerhouse in UAE's PRO Services and business setup consultancy scene. We specialize in guiding you seamlessly through a myriad of services, approvals, and paperwork, ensuring you sail through the setup phase without a hitch.
Why Dive into the World of Business Pro Services?
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Embarking on your business journey in Dubai? Partnering with our PRO Services guarantees a smooth ride, devoid of complexities. We value your time and offer an array of PRO services to ease your administrative burdens.
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#365PROServices#DubaiBusiness#BusinessSetup#Entrepreneurship#DubaiEntrepreneurs#Success#Streamlined#BusinessConsultancy#DubaiBusinessSetup#BusinessGrowth#PROServicesUAE#proservices#uaevisaservices#businesssetupdubai#businesssetupuae#uaeconsultancy
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Business setup in Dubai
Business setup in Dubai refers to the process of establishing a business entity within the city of Dubai, which is one of the seven emirates of the United Arab Emirates (UAE). Dubai is a thriving business hub known for its strategic location, robust infrastructure, and business-friendly environment. Here is a detailed explanation of business setup in Dubai:
Mainland Business Setup: Mainland business setup allows businesses to operate within the local market of Dubai and the UAE. It requires partnering with a local Emirati sponsor or a local service agent, depending on the nature of the business activity. The sponsor holds a minority share (typically 51%) in the company, while the majority share can be owned by foreign investors.
Free Zone Business Setup: Free zones in Dubai are designated areas that offer attractive incentives and benefits to businesses. These include 100% foreign ownership, tax exemptions, full repatriation of profits, and simplified procedures. Each free zone in Dubai caters to specific industries or sectors, such as Dubai Multi Commodities Centre (DMCC) for commodities trading, Dubai Internet City (DIC) for technology companies, and Dubai Media City (DMC) for media and advertising companies.
Offshore Business Setup: Dubai also offers offshore company formation through jurisdictions such as JAFZA Offshore and RAK Offshore. Offshore companies are not allowed to operate within the UAE market but are ideal for international business activities, asset holding, or as a vehicle for investment and wealth management. They provide privacy, tax advantages, and ease of administration.
Legal Structures: Dubai offers various legal structures for business setup, including Limited Liability Company (LLC), Sole Proprietorship, Partnership, Branch of a Foreign Company, and more. The choice of legal structure depends on factors such as ownership requirements, liability considerations, and business objectives.
Licensing and Permits: Business setup in Dubai requires obtaining the necessary licenses and permits from the relevant authorities. This includes trade licenses, professional licenses, industrial licenses, and specialized permits based on the nature of the business activity. The requirements vary depending on the type of business and the jurisdiction in which it is established.
Office Space and Infrastructure: Businesses in Dubai need to secure suitable office space or facilities to operate. This can be done through leasing commercial spaces, utilizing shared office spaces, or renting virtual offices. Dubai offers state-of-the-art infrastructure, modern office buildings, and world-class amenities to support business operations.
Visa and Immigration Services: Business setup in Dubai includes visa and immigration services for company owners, employees, and their dependents. This involves obtaining residence permits, work permits, investor visas, and other necessary documents from the Dubai Department of Economic Development (DED) and the General Directorate of Residency and Foreigners Affairs (GDRFA).
Compliance and Regulations: Businesses in Dubai must comply with local regulations, including financial reporting, tax obligations, labor laws, and industry-specific regulations. Compliance requirements vary based on the legal structure and the nature of the business activity. It is important to stay updated with the regulations and engage professional advisors to ensure ongoing compliance.
Dubai offers numerous advantages for businesses, including a strategic location that serves as a gateway to the Middle East, Africa, and Asia, a robust infrastructure, a diverse and multicultural workforce, political stability, and a supportive business ecosystem. However, navigating the business setup process in Dubai can be complex, and it is advisable to seek the assistance of experienced business setup consultants who can guide you through the legal requirements, procedures, and best practices to ensure a successful and compliant business establishment.
#business#business services#business setup#business setup company in dubai#business setup consultants in dubai#business setup in uae#business setup services in dubai#businessinuae#businesssetup#businesssetupdubai
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One Month Later (give or take 17 days)
I told y'all I would do an update to my full disclosure post once we hit one month of Δάιος being in the world, and this is me fulfilling that promise!!
It may or may not be seventeen days late though.... life's been a bit tough lately and this was the earliest I could to get to it 😅
ANYWAYS let's talk about what's happened in the last month and a half in regards to self publishing my debut novel: ΔΆΙΟΣ!
As I mentioned in the last update, Δάιος was initially published in eBook, paperback, and hard cover format through both KDP (Amazon's printing house) and IngramSparks. These are still the main was that I am selling my novel, but I have also expanded to include my own website as a store front with Ko-Fi possibly soon to come!
IngramSparks is still a bitch, but I have not run into any more issues with them. If anything, they've kinda come back with a redemption gift! There is a new beta program that I am a part of where I can create links and QR codes that lead customers to buying my book directly from IngramSparks.
This is amazing! That means that I can send people directly to my preferred printing house to buy a copy instead of having them go through a middle man and then wait for weeks for the middle man to get the copy and send it their way! PLUS I get a higher royalty this way! I'm really excited for this feature and what it could possibly do for indie authors in the future!!
KDP is also still a bitch but unfortunately amazon is my best selling platform so I'm stuck with it for the moment! I still can't get any author copies in my hands from them (I ordered 10 paperback copies back in October and they still have not printed and shipped. In this same amount of time I've gotten two orders of author copies from IS and honestly could have gotten more but I'm not selling that many just yet)
My website functioning as a shop is something I've wanted to do since I set up my website. I will say that I am looking at integrating the IngramSparks direct sell interface onto my site or possibly switch over to Ko-Fi, because good lord is sales tax wild. I have owned a business before (I think I still own the LLC too, even though I haven't been in business for a few years), so sales tax is not new to me and is something that I thought I was prepared for. What I wasn't prepared for was how fucked tax code is surrounding books. I genuinely cannot process it and most companies have a whole team dedicated to just US tax code, so selling through a company that will do those taxes for me is what I'm gonna have to do.
Now that we've gotten that out of the way, let's talk numbers!
Since release day, I have received 47 orders through KDP
As you can see, there was a spike the first two days as preorders were processed and sent! Since then, I have had quite a few lulls. Most of these were due to the fact that I have not promoted my book like at all since publication.
Sure, I've made a few posts here and there (most of which are shitposts), but I have spent this past month and a half dedicating my time to my health, my schooling, and supporting my Palestinian siblings in any way that I can. That includes a complete (or near complete, as I have started to post once again as of late) silence on social media in order to amplify their voices.
Also it feels really icky to me to promote an anti-establishment book that hinges on a traumatized man overthrowing his government using riots when there is a literal genocide happening thanks to the backing of our government.
For these reasons, I have not been pushing my book as much as I should have as a debut indie author. Even still, I have received 47 orders on KDP. I am beyond grateful for each and every person who supported my chaos queers.
Of those 47 orders:
34 were eBooks
12 were paperbacks
1 was a hard cover
But don't forget: I've gone wide!
So, how many orders have I received through IngramSparks?
6!! 🎉🎉
Of these, 3 have been eBooks and 3 have been hard cover!! (no IS paperbacks yet...)
I am fairly certain that the eBooks are through foreign retail services like Kobo, since I have a decent group of Canadian and UK readers that would likely prefer that to Amazon!
The hard covers, well, I don't want to be too hopeful... but I think those were orders to bookstores! I applied to a couple in my area, and I really hope they love the book! Can you just imagine walking into a physical indie book shop and seeing your debut novel on their shelves?? That would be a dream come true!
One last place to look at numbers, and that is my website!
Since our last update, I have has two more orders! That means I have sold:
1 eBook
3 paperback
3 hard cover
1 sticker pack
Not too shabby! Especially given the circumstances at the moment!! I am looking at switching this over to Ko-Fi, but that will have to wait until after the holiday season when I can think again!
That brings my totals to:
It is very clear to me that Amazon eBooks are my bread and butter at the moment. Hopefully, I'll be able to sway it to IngramSparks direct or my own website, but hey! We're at a 60 sale milestone!! I'll take it!!
Now that we've gone through the numbers, let's talk earnings. Last time we talked, I told y'all that I spent $2,920.16 on the creation of Δάιος. That number has since gone up, since I've ordered more author copies. We are now sitting at $3,013.55 spent!
So, how much of that have I made back so far?
KDP: According to my calculations $105.82, but KDP is telling me that I actually made $118.77 (I think this is due to sales happening in other countries, I think the royalty rates are ever so slightly different in each country)
IS: ??? Theoretically, $13.17 but I have no way of seeing that in my dashboard and probably won't see it until I hit like a $100 threshold with them
Website: According to my calculations $117.93, but in actuality $122.93. There is no reason for this one to be off I need to figure that out (edit from future me: YOU DUMBASS IT'S THE $5 STICKER PACK)
That means I've made a ~$236.92 dent in the cost of my book!!! That's so exciting!!
I want to once again say that I know I am incredibly privileged to have a credit card I can put my expenses on as I slowly pay them off, and I do not regret anything I have done in the creation of my book. Even if it makes me cry a little bit at how much I spent.
On to the next thing! Here are some positives and negatives that I have not already mentioned.
Positive first:
My book is still a book!
My GoodReads rating has gone up a little bit thanks to another 5 star review! Icky baby is sitting at a comfy 4.8 right now!
The copyright has come in the mail! I need to frame it, but I fully own the copyright to Δάιος and the content within it!
People have already started asking for a book two 😭😭
Art commissions are starting to come in!
The placeholder chapter title has been fixed and no one noticed except for me! (and if they did, they didn't mention it to me)
And some negatives:
I figured out how to get creme paper for the hard cover editions, but I will have to completely re-do every step for IngramSparks using a new ISBN number and I just... don't wanna (maybe I'll do that right before the release of book two 👀👀)
People are asking for book two already 😭😭
I am mentally and physically at rock bottom right now and all my attention and willpower has been forcibly relocated to school. I need to graduate, I am only twoish weeks away. But that means I have not been able to do anything for this book and it hurts to see Icky baby stagnate like this when his story is meant to be shared
I was accidentally exposed to a two star review thanks to StoryGraph being too good of an app and not refreshing to the home page when I opened it to add a book to my tbr. This was... not a fun time
Now that we've made it through my incredibly long-winded post...
Thank yous for joining me back at the one month(ish) mark!! My next full disclosure update will be at the six (6) month mark. If y'all wanna keep updated with more shenaniganery that I get up to, make sure to check out my nifty newsletter or hand around here on tumblr (I promise I'll actually be back once I graduate. I just gotta. Get my degree.)
#andi talks#publishing costs#publishing numbers#indie publishing#self publishing#call me icarus#writeblr#once again posting this at like 10 at night because i'm real good at this life thing
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EAJ Solutions LLC is your trusted business consultant, offering a roadmap to business success. We specialize in company formation, business credit establishment, strategic marketing, and funding solutions. Our experts leverage market analytics to craft tailored marketing strategies, ensuring you connect with the right audience. We guide you through the process of starting your business, help you build a strong credit profile, and identify various funding sources for growth. With personalized services and a data-driven approach, we empower you to make informed decisions, reduce risks, and achieve your business goals. Choose EAJ Solutions LLC as your partner in the journey to business success.
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A recent paper in the Journal of Marketing Research, published online last month, found that Black entrepreneurs are still severely discriminated against by banks, even when they are more qualified than their white counterparts.
. . .
These findings echo the results of a recent Intuit QuickBooks survey in which 57% of Black business owners said they were denied at least one bank loan during the formation of their business, while only 37% of non-Black business owners said they were denied. Other reporting suggests that such rates may be even worse for Black women who own businesses.
. . .
Because of this, the researchers suggested that Black entrepreneurs “put their best foot forward” by structuring their businesses as LLCs and mentioning high credit scores early in the application process with lenders
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More at the link. Interesting article!
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How to start an online Business
1. Assess the viability of your new business idea
Just because it's easier to start an online business doesn't mean no costs are involved. As with a physically based business, the first step to take with your online business is to assess your idea's feasibility.
2. Develop a business plan
Once you know your idea is feasible, it's time to put together a comprehensive business plan. Even if you don't plan on obtaining funding for your business, at least not initially, having a business plan is valuable because it lets you spot any potential bumps down the road and plan for future growth and profitability.
An effective plan will help you to identify your market further, clarify your objectives, provide a marketing roadmap, and assist you in making the kinds of decisions that may mean the difference between success and failure.
3. Choose a business name
Choosing your business' name is an important step in the startup process. Because your business will primarily function online, your chosen name must be available for registration as a business name in your state and within the digital space.
4. Decide on your business structure
The business structure you choose will dictate the legal and tax requirements you need to meet. Most small business owners choose from the following structures:
Limited liability company (LLC). An LLC offers limited liability without the additional complexity of incorporation, making it one of the most popular small business structures.
Corporation. Like an LLC, a corporation provides limited liability, and while it's more complicated to both setup and maintain, it may be a good choice depending on your circumstances.
5. Take care of all the legal tasks
Like a brick-and-mortar business, you will need to file all the appropriate business-formation documents and other paperwork to ensure your new business has a solid legal foundation. This includes:
Registering your business with the appropriate government authorities
Obtaining all the required permits and licenses
Meeting all federal and state tax requirements, such as applying for state and federal tax ID numbers
6. Build your website and choose your sourcing and fulfillment methods
An online business's website is as important as the physical location of a brick-and-mortar company, and you should put as much care into this part of the startup process as you would if you were location and lease shopping.
7. Develop and implement your prelaunch marketing strategies
It's important to market your online business while you're working on each of the previous steps. Your business plan will have provided you with the information you need to develop effective marketing strategies for your potential market. No matter what strategies you go with, it's important not to skimp on implementation.
Simple Steps To Starting An Online Business
1. Develop your business plan
When considering how to start an online business, it can be tempting to take immediate action. Therefore, if you’re tempted to develop a website, choose a business name, or design a logo, refrain for the time being.
If you want to launch a profitable internet business, you must first develop a strategy.
2. Validate your business idea
While this may sound harsh, it is true: just because you believe you have a fantastic
concept does not guarantee a market for it. Before putting your time and energy into launching your business, conduct research to determine its viability and possible buyer interest.
3.Be familiar with your competitors
The sheer presence of competition – contrary to popular belief – is an excellent indication for new businesses. The competition evaluates the market and ensures that the niche is profitable. What you should do now is study your competitors and the things they can teach you.
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5 Steps for Mainland Business Setup in Dubai, UAE
If you're thinking about setting up a mainland business in Dubai, UAE, there are a few things you should know to ensure a smooth and successful process. Here are five steps you can follow to set up a mainland business in Dubai:
Step 1: Determine the Business Activity
The first step in setting up a mainland business in Dubai is to determine the business activity you want to undertake. You need to select a business activity from the Dubai Department of Economic Development’s (DED) list of permitted activities.
Make sure that your chosen activity is aligned with your interests and skills. This will also ease up the process of obtaining a Dubai commercial license as business activities dictate your license allowance.
Step 2: Choose a Legal Structure
Once you have determined the business activity, you need to choose a legal structure for your business. The most common legal structures for mainland businesses in Dubai are Limited Liability Company (LLC), Sole Proprietorship, and Civil Company.
Each structure has its own set of requirements and benefits, so it's important to consult with a legal expert to determine the best option for your business. A mainland or a freezone company formation in Dubai is suitable for companies looking to expand in a shorter time frame. This entails the decision-makers choosing a legal structure that suits the business in the mainland, and/or freezone.
Step 3: Reserve a Trade Name
The next step is to reserve a trade name for your business. The name must be unique and comply with the DED's naming conventions. You can reserve the name online through the DED website or in person at the DED service centers. A mainland business set up in Abu Dhabi or Dubai requires attention for naming. It would decide the growth trajectory as well.
Step 4: Submit Required Documents and Obtain Approvals
After reserving the trade name, you need to submit the required documents to the DED and obtain the necessary approvals. The documents include the Memorandum of Association (MOA), Articles of Association (AOA), and other relevant documents. The approvals include a commercial permit, initial approval, and trade license.
Step 5: Register with Relevant Authorities
Finally, to successfully establish a mainland business in Dubai, it is imperative to register with the appropriate authorities. These include the Dubai Chamber of Commerce and Industry, Dubai Municipality, and the Ministry of Labor. These registrations are essential to ensure adherence to the legal requirements and regulations of the UAE.
It’s Time to Move Forward with your Business Venture
Setting up a mainland business in Dubai requires careful planning and execution. By following these five steps, you can establish a successful business in Dubai and contribute to the thriving business community in the UAE. But, to be in the right direction, it is always recommended to consult legal experts and business setup consultants in the UAE.
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All You Have Ever Wanted To Know About Shoes
Shoes are important because they are something everyone has to wear to get around. They are kind of hard to really learn a lot about, however, because there are just too many articles and things out there about them. Here you'll find a few tips in an easy to read format that will make it easier on you to get shoes that fit in with your lifestyle.
If you have bad feet, you should think about buying shoes that have an all leather bottom since they help protect the feet from damage. They cost a bit more than other shoes, but that is far less than you will end up paying for regular visits to a podiatrist.
Before you buy shoes, be sure to try them on. Not all shoes are made the same so you will want to be sure they are a good fit on your foot. For instance, if you generally wear a size 8, you might want to try the 8 on at the store and make sure it's comfortable on your foot.
Never go shopping for shoes unless you've got at least a few hours on your hands. While you may think you know exactly what you want, it isn't always quick and easy to find your size. Make sure you have plenty of time to travel to your chosen stores, and can try shoes on at your leisure.
If you are shopping for shoes with your children, have their feet measured. Children's feet can grow very quickly and should be measured at least once every three months. Keep in mind that your children will probably quickly outgrow the shoes you buy them when deciding on a budget for your children's shoes.
The next time you go shopping for shoes, try and find a store that offers old-fashioned customer service. Having your feet measured is always the best way of finding the perfect fit, and the expert staff can recommend different styles that will be comfortable too. Regular department stores can't hold a candle to the custom shops!
The perfect pair of shoes can make or break an outfit. To show off your good fashion sense, spice up a plain outfit with a patterned or textured shoe. If your outfit is a mix of prints or decorated with florals, a solid color shoe will be the best compliment.
Believe or not, your feet tend to grow the older you get. Therefore, it is important to try each pair of shoes on before purchasing them. how to start an llc wore a year ago may not be the size you wear now. Plus, the fit of shoes varies by brand and style, so you need to be sure they fit.
It is a good idea to get your feet measured for shoes every once in a while to ensure you are wearing the correct size. factors like weight gain and hormonal issues can cause a difference in the size of your foot. Having them measured will eliminate the chances of you damaging your foot with ill-fitting shoes.
Never pay too much Or too little. Quality shoes are constructed in a way that makes them worth the money spent on them. Don't overpay for shoes that celebrities endorse.
When using your shoes for running, keep track of how far you have travelled in them. These types of shoes take a great deal of pounding in their short life. They are going to last you for around 400 miles, and that's when you need new ones so this is why you need to know when to replace them. If you track the amount you run each day, you will soon see when replacement time rolls around.
When shopping for a pair of shoes, try to go as late in the day as possible. At the beginning of the day, you have not been on your feet a lot. So, you have no idea how shoes will fit later in the day. This means your shoes may not fit comfortable in the later hours.
It should now be a lot easier for you to find the shoes that meet your needs. You just have to use the tips that you've gone over here, and the process won't be so difficult. If you have anyone you know that needs help with getting shoes, then you should share this knowledge with them.
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Navigating Legal Requirements: Mainland Business Setup in Dubai
New Business setup in Dubai had been made comfortable for investors to encourage investment and increase business in the nation. There are three types of business establishments you can opt for in UAE namely Mainland business, Free zone business, and Off-shore business.
Among these, the Mainland company formation in Dubai does authorize foreign investors yet with a prerequisite that they need a local Emirati sponsor who owns 51% of the business. The recent laws have changed and now they allow 100% foreign ownership in many sectors. Unlike the free zone, the mainland company can operate anywhere in the UAE, and trade directly with the local market and outside the UAE without local distributors.
Mainland Business Setup Dubai involves registering your company with the Department of Economic Development (DED) and is an attractive prospect for many entrepreneurs and investors due to the region's strategic location, dynamic economy, and favorable business environment. The process includes choosing a business activity, obtaining initial approval, drafting a Memorandum of Association (MOA), and getting necessary approvals from relevant government bodies.
How to Navigate Legal Requirements for Mainland Company Formation Dubai?
There are business setup consultants in Dubai to advise and assist with the legal process of setting up a business. However, if one aims to establish a business one needs to know the standard necessities and legalities involved in the business, they are as follows,
Select Your Business Activity
The prerequisite for any business is to define the nature of business since this will determine the rules, regulations, and licenses that apply. The mainland business setup in Dubai offers various business activities permitted under the Department of Economic Development (DED). It’s crucial to ensure that your chosen activity is aligned with those listed by the DED to avoid legal complications.
Ownerships and Legalities
Then for a new business setup in Dubai, one needs to decide on the legal form of business, there are several common forms like Sole Proprietorship companies, Civil Companies, Limited Liability Companies (LLC), Private Shareholding Companies, and Public Shareholding Companies.
Forming an LLC is a popular choice for many businesses, particularly those involving commercial or industrial activities. An LLC requires a local partner (UAE national) who must own at least 51% of the shares, although profit distributions can differ from shareholding. Recent reforms, however, have relaxed these requirements for certain business activities, allowing 100% foreign ownership in some sectors, so one needs to decide after careful consideration.
Trade Name and Approvals
A new business setup in Dubai needs to register a trade name that complies with the regulations set by the DED. The name should not have been previously registered and should be indicative of the business activity unless it's a branch of another company.
Following the trade name registration, you need to obtain initial approval from the DED. This approval indicates that the Dubai government has no objection to you starting a business and allows you to proceed with the other legal formalities.
Tenancy Contract for Business Location
Select a suitable location for your business and secure a tenancy agreement, one will need to have the lease agreement attested by Ejari, the Real Estate Regulatory Agency. The mainland business setup Dubai location should comply with the specific requirements and standards set by the Dubai Municipality and other relevant authorities.
Licensing and Special Approvals
Depending on your Mainland business activity, you may require additional approvals from different government bodies. For example, for Food Safety Department approval for a restaurant, and Dubai Health Authority (DHA) approval for medical practice. So one needs to apply for the relevant business license and approvals issued by the DED, the main types are,
Commercial License (for trading businesses)
Industrial License (for manufacturing or industrial activities)
Professional License (for service providers, professionals, artisans, and craftsmen)
The license application should be accompanied by the required documents, including approval from relevant authorities (if applicable), the tenancy contract, and identification documents of the business owners, and the business setup consultants in Dubai would assist one in that
Labor Card and Visa
Once your new business setup in Dubai is licensed, you can sponsor visas for your employees. The process involves registering the company with the Ministry of Human Resources and Emiratisation (MOHRE) and obtaining labor cards. You, as the business owner, can also sponsor your visa.
Bank Account and Continuous Compliance
After obtaining your mainland business setup Dubai license, you can open a corporate bank account. You'll need to provide the bank with all the relevant company documents, including the license, shareholder details, and company constitution. Ensure ongoing compliance with UAE tax laws (like VAT registration if applicable), annual license renewals, and any changing regulations related to your business sector.
While the process may seem daunting, many procedures are streamlined to facilitate mainland business setup in Dubai. Consider hiring a business setup consultant to guide you through the process, manage paperwork, and ensure compliance with local laws and regulations. This can help you avoid common pitfalls and focus on growing your new business or you can hire business setup consultants in Dubai to make the process easy for you.
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Empower Your Business Journey: 365 PRO Services, Your UAE Setup Expert
Are you ready to conquer the UAE Business Landscape effortlessly? 365 PRO Services is your strategic ally, offering a seamless pathway to establish and operate your business. Our commitment lies in simplifying the setup process while amplifying your business potential.
Why Embrace Business Pro Services?
Efficiency Redefined: Bid farewell to administrative hassles. Our streamlined procedures save you valuable time and resources, empowering you to focus on driving your business forward.
Expertise That Counts: Our adept team possesses an in-depth knowledge of UAE regulations. With strong affiliations to government bodies, we prioritize professionalism and confidentiality.
Holistic Solutions: From paperwork processing to licensing, our services encompass LLC company formation, Free zone setups, visa facilitation, and more.
Venturing into Dubai's business realm? Partnering with Business PRO Services ensures a journey free from complexities. We understand the significance of your time and offer comprehensive PRO services, alleviating administrative burdens.
Our Diverse Service Portfolio Includes:
Effortless LLC company formation
Agile Free zone and offshore setups
Seamless trade license management
Swift family and employment visa facilitation
Hassle-free company closure assistance
Why Entrust Us?
Our Proficient Business PRO team adeptly manages your business documentation. We navigate regulatory intricacies, collaborating closely with entities such as the Department of Economic Development (DED) and Dubai Immigration (AMER) for a seamless experience.
Setting up a business need not be daunting. Let us handle the intricacies while you steer your business towards success.
#365PROServices#BusinessSetupUAE#DubaiBusinessSetup#PROServices#StartupSupport#BusinessSolutions#PROConsultancy#FreeZoneBusiness#VisaServicesDubai#LegalCompliance
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Business Setup in Dubai
Embarking on a journey to establish a thriving business in the global market is an exciting endeavor. In recent years, Dubai has emerged as a beacon of economic prosperity, attracting entrepreneurs and investors from around the world. The process of Business Setup in Dubai is characterized by a dynamic business landscape, government support, and strategic location. This article delves into the intricacies of starting a business in this vibrant city, shedding light on the essential aspects that contribute to a successful Company Formation in Dubai.
The Dubai Advantage
Business Setup in Dubai offers a myriad of advantages, making it an enticing destination for entrepreneurs seeking growth and success. One of the key factors contributing to this allure is the city’s strategic geographical location, acting as a gateway between the East and the West. Dubai’s state-of-the-art infrastructure, world-class amenities, and a diverse multicultural environment further enhance its appeal for international business ventures. In essence, Business Setup in Dubai opens the door to a world of opportunities for ambitious entrepreneurs.
Legal Framework for Business Setup in Dubai
Navigating the legal landscape is a crucial aspect of Business Setup in Dubai. The emirate boasts a business-friendly environment, supported by a robust legal framework. The regulatory policies governing Company Formation in Dubai are designed to facilitate ease of doing business while ensuring transparency and compliance. Understanding the legal requirements is imperative for entrepreneurs to ensure a smooth and hassle-free setup process.
Types of Business Entities
When considering Business Setup in Dubai, entrepreneurs have the option to choose from various business structures based on their goals and nature of operations. The most common business entities include Limited Liability Company (LLC), Free Zone Company, and Branch of a Foreign Company. Each structure has its unique set of advantages and limitations, catering to different business needs. It is essential to carefully evaluate these options before deciding on the most suitable Company Formation in Dubai.
Free Zones: A Magnet for Business
Dubai’s Free Zones are a cornerstone of its business landscape, attracting a significant portion of foreign investments. These specialized zones provide businesses with numerous benefits, including 100% foreign ownership, tax exemptions, and simplified customs procedures. Company Formation in Dubai’s Free Zones is particularly popular among entrepreneurs looking for a streamlined setup process and a business-friendly environment conducive to growth.
Government Initiatives and Support
The Dubai government’s commitment to fostering a conducive business environment is evident through various initiatives and support programs. The establishment of government bodies such as the Department of Economic Development (DED) and the Dubai Chamber of Commerce and Industry reflects the commitment to assist entrepreneurs in their Business Setup in Dubai. These entities play a pivotal role in providing information, guidance, and support throughout the Company Formation in Dubai.
Investment Opportunities in Dubai
Beyond the allure of starting a business, Dubai offers diverse investment opportunities across various sectors. The city’s continuous efforts to diversify its economy have led to the development of thriving industries, including real estate, tourism, technology, and finance. Entrepreneurs exploring Business Setup in Dubai can tap into these lucrative sectors, contributing to the city’s economic growth while ensuring their own success.
Company Formation in Dubai: Key Steps
Initiating the Company Formation in Dubai involves a series of well-defined steps, each requiring careful consideration and adherence to regulatory requirements. The first step typically involves choosing a business activity and a suitable business name. Subsequently, entrepreneurs need to determine the legal structure, obtain necessary licenses, and fulfill other regulatory obligations. Engaging with a reputable legal consultancy can greatly simplify the Company Formation in Dubai process, ensuring that all requirements are met in a timely and efficient manner.
Banking and Financial Considerations
Establishing a business in Dubai necessitates a sound understanding of the banking and financial landscape. Opening a corporate bank account is a crucial step in the Company Formation in Dubai process. The city boasts a robust banking sector with numerous local and international banks offering a range of services. Entrepreneurs must carefully evaluate their banking needs, including access to credit facilities, online banking services, and currency options to facilitate seamless business operations.
Visa and Residency Procedures
For entrepreneurs planning Business Setup in Dubai, understanding the visa and residency procedures is paramount. Dubai offers various visa options, such as the investor visa and the entrepreneur visa, facilitating the stay of foreign investors. Navigating through the visa and residency requirements is an integral part of the Company Formation in Dubai, ensuring that entrepreneurs can establish a physical presence in the city to oversee their business operations.
Sustainable Business Practices
Dubai places a strong emphasis on sustainable business practices, encouraging entrepreneurs to adopt environmentally friendly and socially responsible initiatives. As part of the Company Formation in Dubai, businesses are encouraged to integrate sustainability into their operations. This not only aligns with global trends but also contributes to the city’s vision of becoming a sustainable and smart city.
Challenges and Solutions
While Business Setup in Dubai offers a plethora of advantages, entrepreneurs must be cognizant of the challenges that may arise during the Company Formation process. Language barriers, cultural differences, and evolving regulatory landscapes can pose hurdles. Engaging with a reputable legal consultancy, well-versed in the nuances of Business Setup in Dubai, can help mitigate these challenges and ensure a smoother transition into the dynamic business environment.
Conclusion
In conclusion, Business Setup in Dubai presents a gateway to unparalleled opportunities for entrepreneurs seeking to establish a global presence. The city’s strategic location, business-friendly policies, and government support contribute to a conducive environment for Company Formation in Dubai. By navigating the legal landscape, understanding the various business structures, and leveraging the support of government initiatives, entrepreneurs can unlock the potential for success in the thriving business ecosystem of Dubai
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