I had a fabulous time today at @beautyexpoaustralia learning about all the new products coming out in the beauty industry and how to best market them (as well as buy myself a few goodies along the way 💄). ⠀⠀ ✔️It’s great to get along to these events even as a marketer to educate and inspire us and best understand the needs and wants of our clients’ target market. ⠀⠀ ✔️It’s also a great place to network with other industry people. ❓What industry events have you attended that have been really helpful in building your business?
....continued (view former post)⠀ .⠀ Corporations⠀ Corporations are more complex and expensive than most other business structures.⠀ A corporation is an independent legal entity, separate from its owners, and as such, it requires complying with more regulations and tax requirements.⠀ .⠀ ⠀ The greatest benefit for a business owner with a corporation is; a corporation's debt is not considered that of its owners, so if you organize your business as a corporation, you are not putting your personal assets at risk.⠀ .⠀ ⠀ A corporation also can retain some of its profits without the owner paying tax on them.⠀ Another benefit is the ability of a corporation to raise money. A corporation can sell stock, either common or preferred, to raise funds.⠀ .⠀ A corporation has an infinite life.The death of a share holder doesn't stop the business.⠀ The corporate structure, however, comes with some disadvantages too. A major one is higher costs. Corporations are formed under the laws of each state with its own set of regulations. You will probably need the assistance of a lawyer to guide you. In addition, because a corporation must follow more complex rules and regulations than a partnership or sole proprietorship, it requires more accounting and tax preparation services.⠀ .⠀ Another disadvantage to having a corporation: Owners of the corporation pay a double tax on the business's earnings.⠀ Corporations are subject to corporate income tax at both the federal and state levels, and any earning distributed to shareholders in the form of dividends are taxed at individual tax rates on their personal income tax returns.
Don’t be afraid to change. Change is good. Sometimes we need to change: - who we are listening to. - who we surround ourselves with. - how we utilize our time. - the things we’re learning. - the way we react. - the way we respond. How we see the world and how we treat the world has the biggest impact in our lives. Treat it with respect and you get respect back. Treat it with love and positivity and you get that back. Treat it with negativity and regret and you get that back. Don’t be the one holding yourself back, be the one pushing yourself forward. Double tap if you agree! 👇Tag a friend who needs to see this! Follow @entrepreneurstories for more! 📸: @iamsteveharveytv Via @motivationmafia