As the golden days of summer start to wane, the mornings greet us with a hint of chill, and the evenings slip into darkness a bit too soon. It’s already noticeable how dark it is by 7:30 p.m. or how it still lingers at 5 a.m. The purpose of this post isn’t to depress you … Read more
part 3 of 3 This post is the third and final part in a series on the Corporate Transparency Act. Feel free to check out Part 1 here and Part 2 here. The last two posts talked about who the beneficial owners are under the Corporate Transparency Act (Act). This post will focus on the … Read more
We have to treat our time like a precious resource. It has to be used effectively. First, let’s look at what we are doing right now, and which of those things we shouldn’t be. Welcome to the Eisenhower Matrix or the 4 Ds. Which things are Do, Delay, Delete, or Dump? Put another way, divide … Read more
A big lie is that we just need more discipline. “If you really wanted to get stuff done, you would. You simply have to be (more) disciplined. No pain, no gain. Just do it!” We’ve all heard it from all sides, including our inner voices. Yeah, and if it were that easy, we’d all have … Read more
[Continuing our theme from last week.] Another lie is that we can multitask. We’ve all done it; we’ve tried to do two things at once. Reading email while on a phone call, filing documents during a webinar, direct messaging while writing a memo. We think “Look how busy I am! And I got two things … Read more
Companies help owners limit their liabilities. That means the owner isn’t putting all of their own personal assets at risk due to the activities of the company. Generally, we business owners like that idea. But it does mean that those who interact with the business may be limited on recouping their damages if they are … Read more
A recent New York Times article discussed hidden costs associated with remote work, as well as some benefits that can be intangible and thus hard to measure. I have been thinking about the ups and downs of remote work for a while— this is logical for me considering I have experienced various remote professional and … Read more
If any readers have ever gotten in touch with OG+S regarding a potential trademark application, we have likely mentioned the possibility of doing a “preliminary screen” for your mark. This process, sometimes also referred to as a “knockout search”, helps trademark applicants get a sense of the field before they apply. Here at OG+S, we … Read more
Let’s say you just started a new business—congratulations! When you contribute to your new business at the outset, as well as when you contribute again at a later point, that capital contribution and those of the other owners need to be tracked somehow. Enter the Capital Account. A Capital Account is a general ledger used … Read more
About one year ago today, I wrote a post called “Changes are Coming – Be Prepared to Disclose Beneficial Ownership in 2021.” Although those changes (i.e. the requirement that all businesses disclose their beneficial owners in a federally run database) have not come to pass yet, they are still on the way – so keep … Read more