Which is one of the many reasons I incorporated. But, due to the financial industries turmoil, they are now requiring personal guarantees. -RickG
On Mon, May 25, 2009 at 12:53 PM, Travis Johnson <t...@ida.net> wrote: > Huh? We incorporated in 1997 and I think total cost was less than $500. How > do you ever expect to get away from having to do personal guarantees if you > don't operate like a "real" business? > > Travis > Microserv > > Marlon K. Schafer 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/ > -------------------------------------------------------------------------------- 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/
