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Houston Manufacturing Related Press Releases

Top 10 Reasons Webinars Fail

Written by Sonja Mishek

There's no question that webinars are taking the market by storm. With soaring gas prices, skyrocketing airfares, and business owners under pressure to trim costs, webinars and online meetings are fast replacing face-to-face meetings. And costly travel.

But not all webinars are successful.

Here are 10 top reasons webinars fail:

Starting a S Corp

Written by Marc J. Krasney, P.C.
Q. A partner and I are planning to open a small publishing house, and we have five people who are willing to invest money for shares, so we are planning to open as a S Corp. I have several questions about having shareholders, including: Do we have to have a Board of Directors? What kind of powers do directors actually have? What exactly should we cover in our bylaws if we incorporate? Should we just get stock bylaws we can order somewhere or should they be specific to our company? If we decide to have shareholders, do we need Buy-Sell Agreements? What should a Buy-Sell agreement cover? If we decide not to take shareholders and have a partnership, what type of Buy-Sell Agreement should we have and why? If we do this business as a S Corp, must we keep Corporate Book, and if so what must be included in the books and how, when, and why must the books be updated? First, opening a small business is exciting; however, for the untrained and weary, it is very scary. Most owners just focus on making the widgets or providing the service and forget all the behind the scenes things that must be done or worse yet, listen to friends who are not qualified. In your question, you focus on an S Corporation like that is a separate entity recognized by the Texas Secretary of State. You are partly right. An “S” corporation is not a matter of state corporate law but rather a federal tax election. A for-profit corporation elects to be taxed as an “S” corporation by filing an election with the Internal Revenue Service within a certain time period. In the eyes of the Texas Secretary of State all Texas corporations are the same. The IRS and/or competent tax counsel will be able to assist with the decision to be taxed as an “S” corporation and the requirements for filing the election. Setting up an S corporation is not a matter with which the Secretary of State will assist. Do we have to have a Board of Directors? No. As you know, a corporation is a legal person with limited liability, centralized management, perpetual duration and ease of ownership transferability. Owners of a corporation are called shareholders and those who manage the corporation are called directors. However, Texas state law does allow for shareholders to enter into a shareholder agreement to eliminate directors and manage the corporation. For a small business this may be advantageous; however, if you ever want to sell stock to a shareholder, it is likely that shareholder will not want to participate in the management of the corporation.
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Why You Should Have a Mentor

Written by Dennis Tardan

There is a destructive side to the sociological trend toward the cult of the “self-made man” in the United States. I believe this bent is detrimental to our well-being, both as individuals and for society as a whole. We buy into this image of the self-made man or woman as though it was the only virtue worth apriring to and anyone who doesn’t meet the criteria is a failure. What about good old American ingenuity and resourcefulness? Perhaps we need to give another look at how we can best achieve our goals and success.

The history of humankind is a tale of interconnectedness -- one of families, tribes and communities. Interaction, interdependence and learning from those who had gone before was and is absolutely essential to our survival. People lived within extended family groups and communities and relied on family, friends, and neighbors to teach them the skills they needed to survive and thrive.

People usually learned trades and job skills by participating in an apprenticeship process, formal and informal such as masonry, blacksmithing, and farming. Even the skills required for surviving in your personal life were passed down from person to person. Think of cooking and hunting.

In the 19th century the dependence on industry and the beginning of the end for the agrarian society started the separation of groups. Families became more mobile and the nuclear family as a unit appeared. The mass movements to settle new lands added to the cult of self-reliance and self-determination.

In the 20th century things changed even more and families became smaller.
Child labor laws and the move from the family farm allowed children to attend school more of the year and to finish high school. Women worked outside the home more and more particularly with the needs created by World War I and World War II. The change became more evident with the post WWII economic boom and the unprecedented personal prosperity.