this presentation is brought to you by. who is this character? his bona fides?
TRANSCRIPT
This Presentation is Brought to You This Presentation is Brought to You ByBy
Who is this Character?Who is this Character?his Bona fides?
NO PAYCHECKSNO SALARYNO UNEMPLOYMENT CHECKSNO REGULAR OR STEADY INCOMENO BOSS
55thth Generation Generation NewspapermanNewspaperman
3 Dailies as reporter3 Dailies as reporter
Man. editor, G.M., & Man. editor, G.M., & PublisherPublisher
15 Years as UPI and15 Years as UPI andReuters News ExecutiveReuters News Executive
News Corp.News Corp. Director Director of New Media of New Media
ASNE, RTNDA, NAA, E&P, Folio, RTND, ASNE, RTNDA, NAA, E&P, Folio, RTND, NAB, FolioNAB, Folio
Comdex Publishing program chairmanComdex Publishing program chairman
Seybold Publishing Strategies Seybold Publishing Strategies Conference Conference
Beyond the Printed Word Beyond the Printed Word (WAN, Ifra, (WAN, Ifra, FIPP)FIPP)
ProfessorProfessor&&
Senior consultantSenior consultanton New Mediaon New Media
Syracuse Syracuse UniversityUniversity
Sole ProprietorshipSole ProprietorshipPartnershipPartnershipCorporationCorporation
Sub-S CorporationSub-S CorporationNot-for-Profit CompanyNot-for-Profit Company
Limited Liability PartnershipLimited Liability PartnershipLimited Liability CorporationLimited Liability Corporation
Sole ProprietorshipSole Proprietorship
You Control EverythingYou Risk Everything
All Expenses are PersonalAll Profits are Personally Taxable
PartnershipPartnershipYou Might Jointly Control Everything
You Might Jointly Risk EverythingAll Expenses are Jointly PersonalAll Profits are Personally Taxable
CorporationCorporationCorporate Governance of the CompanyLimited LiabilityCorporate ExpensesCorporate Taxes, not Personal Taxes
Subsection ‘S’ CorporationSubsection ‘S’ CorporationCorporate Governance of the Company
Limited LiabilityCorporate Expenses
All Taxes Are Personal
Not for Profit CompanyNot for Profit Company
Corporate Governance with Strict RegulationsLimited LiabilityCorporate ExpensesNo Profit = No Taxes
Limited Liability CompanyLimited Liability CompanyLimited Liability PartnershipLimited Liability Partnership
Limited LiabilityCorporate ExpensesAll Profits are Personally Taxable
Who Controls the Funds?Who Controls the Funds?
Who Gets the Profits?Who Gets the Profits?How? (Shares? How? (Shares? Percentages?)Percentages?)
When?When?
Who Fronts Expenses?Who Fronts Expenses?
How Well Do You Work How Well Do You Work Together?Together?
Who Does What Work?Who Does What Work?
Who Does Work?Who Does Work?
Who Can Leave?Who Can Leave?
Who Can Die?Who Can Die?
EmployeesEmployeesHiring & Firing?
Benefits?
Withholdings & Social Security?
Liability & Insurance?
Vendor Vendor NegotiationsNegotiations& Contracts& Contracts
How Well Can You Negotiate?
Know Contract Language?
you arethe fine print
Financial PlanningContingency Planning
Know Where You AreKnow Where You AreFinancial Statements are actually MapsFinancial Statements are actually Maps
Snapshots of progress & directionSnapshots of progress & direction
Vin CrosbieVin CrosbieDigital Deliverance LLCDigital Deliverance LLC
[email protected] or [email protected] or [email protected] [email protected]