Comments on: Whats in a name? http://someventure.com/2006/08/19/whats-in-a-name/ Join me in real-time as I attempt to step outside the cube and build a web business. Should be good! Sat, 30 Aug 2008 11:06:17 +0000 http://wordpress.org/?v=2.2.2 By: Zack Jenks http://someventure.com/2006/08/19/whats-in-a-name/#comment-21 Zack Jenks Wed, 30 Aug 2006 21:09:32 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-21 The email is only for new posts, not comments. The RSS feed for comments is a seperate feed and you would have to use an RSS feed reader (e.g. bloglines) to keep track of new comments. The email is only for new posts, not comments. The RSS feed for comments is a seperate feed and you would have to use an RSS feed reader (e.g. bloglines) to keep track of new comments.

]]> By: JJ http://someventure.com/2006/08/19/whats-in-a-name/#comment-19 JJ Wed, 30 Aug 2006 18:51:15 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-19 Interesting, I tried doing the RSS feed thing so that it would email if this page was updated, I confirmed through email and everything...but didn't recieve any email the you had updated this.... Interesting, I tried doing the RSS feed thing so that it would email if this page was updated, I confirmed through email and everything…but didn’t recieve any email the you had updated this….

]]> By: Zack Jenks http://someventure.com/2006/08/19/whats-in-a-name/#comment-16 Zack Jenks Wed, 30 Aug 2006 00:34:00 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-16 Sure, the "X" criteria in my mind comes down to money or talent, either of which could push me down the partnership road. This is a learning experience and I don't plan on closing any doors of opportunity. That being said, people tend to slow me down. I've almost always done my best work on my own. So it would take the right person bringing the right things to the table (measured in dollars or sense), for me to consider a partnership. There would have to be good synergy. I'm still trying to get my bearings and the decisions to be made are not about running the business but about what IS the business. What do I want to do with my life? These are decisions I need to make. Adding people would only confuse the issue at this point. Sure, the “X” criteria in my mind comes down to money or talent, either of which could push me down the partnership road. This is a learning experience and I don’t plan on closing any doors of opportunity.

That being said, people tend to slow me down. I’ve almost always done my best work on my own. So it would take the right person bringing the right things to the table (measured in dollars or sense), for me to consider a partnership. There would have to be good synergy.

I’m still trying to get my bearings and the decisions to be made are not about running the business but about what IS the business. What do I want to do with my life? These are decisions I need to make. Adding people would only confuse the issue at this point.

]]> By: JJ http://someventure.com/2006/08/19/whats-in-a-name/#comment-13 JJ Tue, 29 Aug 2006 22:24:49 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-13 So It would seem that you're still planning on "going solo," any plans as to if you might change that in the future given some "X" criteria? So It would seem that you’re still planning on “going solo,” any plans as to if you might change that in the future given some “X” criteria?

]]> By: Zack Jenks http://someventure.com/2006/08/19/whats-in-a-name/#comment-10 Zack Jenks Thu, 24 Aug 2006 14:52:37 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-10 Good deal! Now maybe you can explain it to me :). Good deal! Now maybe you can explain it to me :).

]]> By: JJ http://someventure.com/2006/08/19/whats-in-a-name/#comment-9 JJ Wed, 23 Aug 2006 22:35:14 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-9 Ahhh yes, it is clear to me now. Ahhh yes, it is clear to me now.

]]> By: Zack Jenks http://someventure.com/2006/08/19/whats-in-a-name/#comment-8 Zack Jenks Tue, 22 Aug 2006 23:18:52 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-8 It's a bit confusing alright. An LLC is somewhere between a Sole and a Corporation. Like a Corporation, it allows me to set up my business as a seperate entity so my personal assets will be protected. Which means if I'm in debt, the mob can't come after my stuff, they can only take from the business. Unlike a Corporation, you avoid double taxation (i.e. business is taxed, then shareholders are taxed). I believe LLC's are more flexible than a partnership. Don't quote me on this but, "I'm pretty sure the split is 50-50 with a General Partnership", but with LLC you can divvy it up however you want. The reason I'm not actively pursuing a partnership is because I don't have a partner :). So LLC's are definately a good way to go if you can handle the complexity and cost of setting one up. Sole's and Partnership's are much less complex, from what I gather. It’s a bit confusing alright. An LLC is somewhere between a Sole and a Corporation. Like a Corporation, it allows me to set up my business as a seperate entity so my personal assets will be protected. Which means if I’m in debt, the mob can’t come after my stuff, they can only take from the business. Unlike a Corporation, you avoid double taxation (i.e. business is taxed, then shareholders are taxed).

I believe LLC’s are more flexible than a partnership. Don’t quote me on this but, “I’m pretty sure the split is 50-50 with a General Partnership”, but with LLC you can divvy it up however you want. The reason I’m not actively pursuing a partnership is because I don’t have a partner :).

So LLC’s are definately a good way to go if you can handle the complexity and cost of setting one up. Sole’s and Partnership’s are much less complex, from what I gather.

]]> By: JJ http://someventure.com/2006/08/19/whats-in-a-name/#comment-7 JJ Tue, 22 Aug 2006 21:57:31 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-7 I'm not to sure of the detials behind an LLC company, is that just multiple partners...if so, what's the diff. between that and a partnership. I would stick with just sole, since you've got enough eggs in your basket as it is.....but I'm no genius. I’m not to sure of the detials behind an LLC company, is that just multiple partners…if so, what’s the diff. between that and a partnership. I would stick with just sole, since you’ve got enough eggs in your basket as it is…..but I’m no genius.

]]> By: Zack Jenks http://someventure.com/2006/08/19/whats-in-a-name/#comment-6 Zack Jenks Sun, 20 Aug 2006 16:30:36 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-6 I was considering "Something Ventured", but thought it might paint a picture of a risky business to my customers. Maybe not. Incoporating is a good way to go when you're established and making bank and looking for investors, I agree. At this point, I'm making the inverse of that, so I think it is definately between Sole and LLC. Or possibly a partnership of some sort. To survive, I am trying to keep my costs at a minimum, so Sole is looking better and better to me. I was considering “Something Ventured”, but thought it might paint a picture of a risky business to my customers. Maybe not.

Incoporating is a good way to go when you’re established and making bank and looking for investors, I agree. At this point, I’m making the inverse of that, so I think it is definately between Sole and LLC. Or possibly a partnership of some sort.

To survive, I am trying to keep my costs at a minimum, so Sole is looking better and better to me.

]]> By: Rick http://someventure.com/2006/08/19/whats-in-a-name/#comment-5 Rick Sun, 20 Aug 2006 12:45:59 +0000 http://someventure.com/2006/08/19/whats-in-a-name/#comment-5 BTW, nice site. I like the bike path with the "Something Ventured" on the sides.... fits well. Hey, how about Something Ventured, LLC? 8-) BTW, nice site. I like the bike path with the “Something Ventured” on the sides…. fits well.

Hey, how about Something Ventured, LLC? 8-)

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