Ha! Another interesting topic! In the past, when doing business for myself, I legally filed as a sole-proprietor. When I got into the WISP business, for a multitude of reasons, I became an "S-Corp". After filing my taxes, it seems to be much simpler and possibly more advantageous to just be a sole-proprietor. But that goes against all advise I receive. Marlon, I'm actually surprised that you are a sole-proprietor. What benefits have you found by remaining so? -RickG
On Mon, May 25, 2009 at 11:54 AM, Marlon K. Schafer <o...@odessaoffice.com> wrote: > One more thing. I don't agree with your definitions per se'. > > We all have businesses. A proprietorship is a TYPE of business. We are a > proprietorship because I'm not incorporated (incorporating is over rated and > expensive to do right). I'm still a business though.... > > http://en.wikipedia.org/wiki/Business > > http://en.wikipedia.org/wiki/Sole_proprietorship > > http://en.wikipedia.org/wiki/Asset > > marlon > > ----- Original Message ----- > From: "Charles Wu" <c...@cticonnect.com> > To: "WISPA General List" <wireless@wispa.org> > Sent: Sunday, May 24, 2009 10:03 PM > Subject: Re: [WISPA] Quesiton on Funding / Financing / Capital Availability > > >> Hi Marlon, >> >> I think it's appropriate to make a few definitions and distinctions on >> things so everyone is on the same page >> >> Specifically, for purposes of making my point, I define >> >> Proprietorship: A commercial activity engaged in as a means of livelihood >> or profit >> >> Business: A unique system of processes and procedures that documents and >> codifies a specific method of proprietorship >> >> Asset: cash, inventory, equipment, infrastructure, customer contracts, >> brand, marketing, etc >> >>>Grin. Sure it is. That's what a LOT of small business people do. It's >>>also kind of common for doctors, dentists, plumbers etc.... Sometimes it >>>sucks, >> >> Now, everything you stated above is just a method of proprietorship, and >> in most cases, from a sale perspective, a proprietorships isn't worth >> anything more than the depreciated value of its assets >> >> Say you were buying out the local plumber's office -- what would he have >> of value? His truck? Some old tools? A customer list / brand perhaps >> (but the reality of things is that customers do business with him because >> of him, and if you bought him out and he moved out of town, those >> customers would probably go back to being on the open market) >> >> Now, in comparing the WISP 'proprietorship' vs. the plumber, it's worth >> noting that the WISP is somewhat unique in that it results in the creation >> of an independent asset that holds onto a lot of value (e.g., the >> recurring revenue and everything that goes to support it); in many ways, >> this is akin to real-estate >> >>>Not >>>everyone out there even wants to get that big (if I had a nickle for every >>>business owner that's told me the most fun they had and the most money >>>they >>>made was when it was just them, no employees......) But then again, >>>that's >>>one of the really cool things about this buisness, it's big enough and >>>flexible enough to allow many different business models and operator >>>dreams >>>to bear fuit! >> >> True...and you have the added benefit of building an asset that has value >> (be happy we're not plumbers =) >> >> -Charles >> >> >> >> >> >> -------------------------------------------------------------------------------- >> WISPA Wants You! Join today! >> http://signup.wispa.org/ >> -------------------------------------------------------------------------------- >> >> WISPA Wireless List: wireless@wispa.org >> >> Subscribe/Unsubscribe: >> http://lists.wispa.org/mailman/listinfo/wireless >> >> Archives: http://lists.wispa.org/pipermail/wireless/ > > > > -------------------------------------------------------------------------------- > WISPA Wants You! Join today! > http://signup.wispa.org/ > -------------------------------------------------------------------------------- > > WISPA Wireless List: wireless@wispa.org > > Subscribe/Unsubscribe: > http://lists.wispa.org/mailman/listinfo/wireless > > Archives: http://lists.wispa.org/pipermail/wireless/ > -------------------------------------------------------------------------------- WISPA Wants You! Join today! http://signup.wispa.org/ -------------------------------------------------------------------------------- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
