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Suzanne Pinckney

Infoactive - 2 views

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    This is an invaluable tool for communicating data effectively. Putting in the back pocket for now . . .
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    Totally agree and am looking forward to using this with clients.
Suzanne Pinckney

LLC vs. S Corp: Which Is Right for Your Startup? - 0 views

  • With LLCs and S Corporations, members and shareholders are able to pass company losses to their personal income reporting.
  • In some circumstances, the LLC lets you pass more loss than in an S Corporation, most notably when it comes to real estate.
  • 6. Reinvesting Profits There’s another twist regarding the LLC, S Corp and your taxes. As pass-through entities, individual owners of an S Corporation or LLC are liable for any taxes owed on profits — whether that money is retained in the company or put in their wallets. For example, if you own 50% of an S Corporation or LLC and that company makes $80,000 in profit, you need to report $40,000 in income on your personal tax return. And it doesn’t matter whether that $40,000 actually ended up in your pocket. This is known as “phantom income,” and can obviously cause a problem for some shareholders. What to know: If you plan on retaining money in the company (and would prefer not to have shareholders be personally taxed on this money), you should consider the C Corporation over both the LLC and S Corp. Of course, your specific situation may vary, so it’s always best to consult your accountant.
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  • If you incorporate as an S Corporation, you need to set up a board of directors, file annual reports and other business filings, hold shareholder’s meetings, keep records of your meeting minutes, and generally operate at a higher level of regulatory compliance than your business might need or want to deal with. With the LLC, this isn’t the case. LLCs just use an informal operating agreement. What to know: If you want less red tape and formality, the LLC can provide greater simplicity.
  • You may have heard that the traditional C Corporation is overkill for most small businesses, and results in higher overall tax payments through something known as double taxation.
  • In my last post, I discussed how the LLC (limited liability company) and S Corporation are popular structures for small businesses since they avoid this double taxation burden. With these business structures, the company is taxed like a sole proprietor or partnership, meaning the company itself doesn’t file its own taxes; all company profits are "passed through" and reported on the personal income tax return of the shareholders or, in the case of an LLC, the members.
  • Most importantly, both the LLC and S Corp will separate your personal assets from any liabilities of the company (whether from an unhappy customer, unpaid supplier, or anyone else who might pursue legal action).
Suzanne Pinckney

Seth's Blog: Create a vacuum, don't fill it - 0 views

  • I know it's tempting to sell with bullet points and an overwhelming amount of data. It gets you off the hook and requires little in the way of creativity or guts. Storytelling requires both.
Suzanne Pinckney

Greenest Consumers 'Affluent, Extremely Brand Loyal' · Environmental Manageme... - 0 views

  • Global warming, or climate change, is occurring and is primarily caused by human activity,” with 58 percent (compared to 48 percent in 2010) agreeing or strongly agreeing with the statement.
  • ow products are made and about the content of the products they buy
  • only 44 percent trust companies’ green claims,
Suzanne Pinckney

Women in CSR: Alison DaSilva, Cone Communications - 0 views

  • clearer communications of impact. Consumers are confused and overwhelmed by claims and promises of good intentions. Companies need to find the balance between aspirational statements and hard data.
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