Tattered Essence

Even if you are the sole employee of your business, it’s a good idea to incorporate. Incorporating your small business limits your personal liability and also increases tax benefits. So, how should you incorporate your small business? What are the differences between LLC vs. SCorporation?

LLCs and S Corporations  are similar in that the profits or losses from LLCs and S Corporations are reported on the business owner’s personal income tax return, instead of a business return. S corporations save owners money on employment taxes, because the owner is only taxed a self-employment tax on the actual salary paid to the owner/employee, whereas LLCs are taxed a self-employment tax on all profits earned. But S corporations can have only one-hundred shareholders and the profits must be divided up amongst the lines of stakes in the business. If you own 10% of the business, you are entitled to only 10% of the profits.  LLCs offer more flexibility in how owners divide up company profits. There are no ownership restrictions and LLCs do not have the same formalities that S corporations do. The owners of LLCs can divide up profits in whatever manner they determine fitting. If someone does a vast majority of the work, they can take a vast majority of the profit, even if their stake in the company is very small.

Whichever is best for you, incorporate! It may just save your assets.

Here is something interesting.

The San Francisco Chronicle has added a feature in its Sunday Book Review called Top Shelf. This feature consists of recommendations of recent books by booksellers at Bay Area independent indies. The staffs contribute titles on a rotating basis.  Each bookstore writes about five fiction and five nonfiction titles.

Working with Chronicle books editor John McMurtrie, who had the idea for the column, the Northern California Independent Booksellers Association has handled dealing with stores, soliciting lists, reviewing lists for duplication and checking on the timeliness of titles.

Do you have some one that is in your life that has had some sort of accident or for some other reason is confined to a wheelchair? Well if you do have a person that is in your life that spends all of their time confined to a wheelchair then it sounds like you know some one that would benefit from learning a bit more about wheelchair lifts if they do not already know about them. I am certain that you have had to have seen a wheelchair lift in the past. They are usually on the back of a car or on the side of a van and are used to transport mobility scooters and wheelchairs. Wheelchair lifts like this are perfect for people that like to get out and go places but need the wheelchair at all times. These things are pretty easy to install too since they are basically just external vehicle wheelchair lifts. They typically attach to a vehicle by means of a vehicles hitch. That means that it can be installed and removed very easily and very quickly. There is a platform that lowers to the ground and actually allows for the wheelchair or the mobility scooter to actually be driven onto the platform. And then it is raised up. Some wheelchair lifts are internal vehicle wheechair lifts that are actually installed on the inside of the vehicle. There are two main types of these ones. You have one that is like a crane in the way that it lifts the wheelchairs off the ground. And you have one that uses a platform as well. Of course, if you are doing the platform on on the inside of a car that takes up a LOT of space! And usually people that use the crane one use it to store a wheelchair in a trunk of a car. So why not let the people in your life that are confined to wheelchairs know about these wheelchair lift types.

Wondering what books go on sale next week? Here are a few of the titles that you will see on your bookstore shelves the last week of December.

The Snowball: Warren Buffett and the Business of Life by Alice Schroeder

The Lucky One by Nicholas Sparks

Giada’s Kitchen: New Everyday Favorites by Giada De Laurentiis

A Cedar Cove Christmas by Debbie Macomber

A Dance With Dragons by George R.R. Martin

The Letters by Luanne Rice and Joseph Monninger

Resilience: Faith, Focus, Triumph by Alonzo Mourning with Dan Wetzel

Rebound Rules by Rick Pitino

This I Believe II: More Personal Philosophies of Remarkable Men and Women by Jay Allison and Dan Gediman

Toxic Fat: When Good Fat Turns Bad by Dr. Barry Sears

Kill Bin Laden by Dalton Fury St.

In Step With God, Understanding His Ways and Plans for Your Life by Charles F. Stanley

Privilege by Kate Brian

Disney Bunnies: Good Morning, Thumper! by Laura Driscoll, illus. by Lori Tyminski and Giorgio Vallorani

You can also find the titles on the web at Amazon.com.

Are you a pet person? I have to be honest – I did not used to be. I grew up with pets. I had kittens a few different times throughout my childhood. And I had a puppy once. And like most kids I had a few goldfish here and there. But lately I have become a bit of a dog person. I really like puppies but I hate that they have to get big! They are so much cuter when they are little. So I have been looking around for dogs that stay little. But a lot of the dogs that stay little I do not find too cute. But I recently did come across some dogs that are cute and little and stay that way. They are teacup yorkie dogs. If you have never seen this type of dog breed you need to click on the link above. When you do you will see a Teacup Yorkie Dog Blog. It is the site for all things yorkie. You can see two little cutie yorkies named Isabella & Bubby. Are they not the most adorable things ever, or what? They have the cutest little faces like little teddy bears! Apparently dog groomers agree as they even have a cut for them called a teddy bear face cut! I was reading on the site about the yorkies and learned that they are hard to house break. That is kind of a bummer. I would think with a dog that small that you would want to keep it inside but you would not want it to pee every where! If you like yorkies be sure to check out this site today!