Tag Archives: Company

Company causes this misery!

February 12, 2013 Roy A. Ackerman, Ph.D., E.A. 2 Comments

Many of you know I grew up in Greater New York City. Where Robert Moses transformed the area to produce a plethora of roads and bridges. But, even with all that building, traveling was tough. The Southern State Parkway (which was the backyard of my childhood home) opened in 1927. This four lane, 25 miles long, parkway started with tolls providing access to New York City for those on the Southern reaches of Long Island. It became 8 lanes (city line to the Hempstead Lake State Park) and six lanes thereafter before I was 10. The tolls disappeared sometime after I left the area.

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Starting Up?

September 28, 2012 Roy A. Ackerman, Ph.D., E.A. 12 Comments

We began working with smaller companies almost 40 years ago. But, back then, our efforts were exclusively aimed at developing new products these companies could manufacture, market, and sell. (We also worked with much larger firms, developing new products, processes and manufacturing schema.) But, many of our smaller clients ran into problems. Not with the technical matters, but with their management and financial affairs. So, we decided to begin working with these firms to help shore up their capabilities in these areas so their great products wouldn’t wither and die because the other parts of the company were sick.

Obviously, if you are just starting out, you need to determine the legal form under which you want to operate. Should you remain a sole proprietor or partnership? Or become incorporated/form an LLC? Each has their own tax situation- some pay corporate taxes (and then you must pay taxes on the money you take out of the company), others pass along profits to you directly, and still others let you allocate profits and losses among partners. Choosing the right entity is a critical consideration.

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Boards…

June 13, 2012 Roy A. Ackerman, Ph.D., E.A. 7 Comments

I wrote recently about a new type of company, and have discussed the considerations for startups, as well as different sorts of company structures. (You can search the index for LLC, S, etc. to find more resources.) As part of the discussion of “B” entities, I alluded to the function of a Board of Directors.

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