"Bare down and push like you're taking the biggest dump of your life," were the wise words of my midwife during the last leg of labor.
My husband and I had sat in traffic on the George W. bridge for close to three hours on a Sunday night while I bellowed God-knows-what during erratic contractions. Deepak Chopra whispered sweet nothings into my ear by way of our car's speakers. Side note: if you don't listen to Deepak's meditations, you should. Between bursts of stab-like contractions, I'd say adorable things such as, “honey, the stars look beautiful tonight, don't you think?" and “wow, the new flowers in front of our townhouse are incredible."
Now it was 3 a.m. on Monday morning, and wisps of euphoria had transformed into savage rage.
I'd spent most of the pregnancy crippled by headaches and nausea. By the last trimester, my pelvis had cratered, I could barely walk, and the baby slept upright over my bladder in a permanent ninja kick. This was not an optimal position for my daughter's debut exit from my uterus. Eventually, she turned head-down, but I knew long before her delivery that it would be an arduous back labor. Despite this, I had timidly and thoughtfully committed myself to an all-natural birth. I had determined that our existing medical care system was a little too trigger-happy with its knives. The epiphany to experience boatloads of undesirable pain came with a lot of firsthand research, coupled with the belief that excruciating temporary pain was better than risking preventable permanent damage. This was, of course, out of the ordinary in my geographical location, even amongst mothers whose pregnancies were highly healthy and, for lack of a better word, easy. Many young mothers I spoke with prior to my own newborn's delivery had one horrific labor story after the next, and their opinions echoed the pervasive research indicating that the medical system was failing healthy pregnant mothers as a method to prevent less likely outliers. So, I made a choice. No IV. No epidural. I found a wonderful midwife who studied on the farm with Ina May Gaskin, and had successfully delivered thousands of babies, and I committed to an all-natural birth.
“What? Who sh*ts like this?" I blurted, and clenched my abdominal muscles as though I were about to push out a Ford pickup–a sturdy American car.
“Just touch her head!" my husband instructed, elated. “Feel it. She's almost out."
I clamped my body back against the handicap rails above the toilet. “I can't."
“Honey, come on, feel her head," he said again.
“I can't," I repeated, unprepared for the realness of a child to congeal in my mind. “I want drugs," I pleaded for the umpteenth time to no avail.
My midwife took hold of the reigns. “Honey, open your eyes and look at me now."
“The baby's head is half way through your birth canal. She has twenty minutes or she's going to suffocate."
Suddenly I was confused. “Who sh*ts like this?" I retorted. “Do you sh*t like this? I don't sh*t like this."
We all snickered a little “no," and transferred to the bed. Several more pushes and something warm and smooth slid out of my body.
“Did I do it; is she out?" I asked.
My midwife scrunched her forehead and peeped under the blanket. “No honey, you just sh*t yourself. Let's get you cleaned up."
I cringed, and continued pushing as hard and as frequently as I knew how. With each push, the baby inched out a little further, but I felt as though it would never happen. “I can't!"
My husband and midwife encouraged, “Yes you can! You already are!"
I zoned back in. It was true. I was. “Help me with my legs," I told them. My husband held my legs behind me, and in several more pushes, a creature emerged from my body. Her name is Sydney.
I cried instantly, as did my husband, who recited, “You did it!" in pure bliss.
A few moments later, my midwife pulled out the placenta, which my husband later ate (kidding, kidding).
It was baller. Confetti fell from the ceiling. My makeup artist zoomed over to prepare us for our family photo shoot, and the Paparazzi eagerly stood in line outside waiting for a coveted chance to meet my newborn. I am being sarcastic, of course, but childbirth is no small feat–I was a hero on top of the world.
Yes, there I was holding my little one, thanking the heavens she was all right, but at that same time, I was also looking down at my deflated belly sack, trembling while my midwife stitched together what remained of my lady parts. My breasts filled with milk, a sensation akin to filling an over-stuffed water balloon with a hose, and before I could blink, people were pinching my nipples and trying to explain to me how Sydney was supposed to latch. The room then filled with residents and strangers who watched me in the nude as if I were their third-grade biology experiment. When I rose to pee, so much blood exploded from my nether bits that the cleanup crew had to throw away the mattress. I imagine this isn't unusual. I imagine many women have their own versions of the same story. Why? Because this is real life.
And business, my friends, is real life too. It's messy. It doesn't SWAAY too far one way or another, regardless of how you are wired or, in my case, MISSWIRED (a little homage to the terrific book I wrote in vignettes while cradling my newborn through her early years of life).
Why? Because in business and in creation, there are several truths that overlap. Here they are below. I hope you find them empowering.
1. Like pregnancy, the development of a new product or service is a long and arduous process with bursts of euphoria in between.
There's a saying, “nine women can't make a baby in one month." It's true, so find productive ways to expand the joy, such as meditating.
2. Pain can be temporary, or it can be long-lasting.
Do your research, factor yourself into the equation, and make a choice. Each decision you make in business follows the same formula. “How much temporary pain am I willing to endure today in order to prevent systematic pain later? Is it worth it?" Sometimes you'll get it right; sometimes you won't. But you're better off educating yourself.
3. Yes, you are powerful. But you are not self-sufficient.
You may be able to develop a significant portion of a product or business on your own, but not without quality help. Determine whom you want to have by your side–ideally someone compassionate and credible–particularly when you're in heat and nearing the finish line. They need to be able to help you pick up the slack when you think you just don't have a single iota of strength left.
4. If you can't get sh*t done one way, do it another way; adjust.
And by the way, pushing out crap is good; it allows your ultimate product the space it needs to find its way into reality.
5. Miracles are born in blood and tears. So are new services and products.
6. Once you deliver, the infrastructure you have to support your creation will, at first, be stitched together and deflated.
This is absolutely normal. You might have an idea of what you need, but until the real thing is available to you, you can't have it all figured out. That's when everyone and their mother will try to tell you what to do. They mean well, but you're the CEO. Listen to them, but trust your instincts. After all, it's your baby, and these are your nipples.
May all you mothers out there prosper in business; you're already doing the hardest of life's work.
Business entities can be defined as the corporate, tax and legal structures which an organization chooses to officially follow at the time of its official registration with the state authorities. In total, there are fifteen different types of business entities, which would be the following.
- Sole Proprietorship
- General Partnership
- Limited Partnership or LP
- Limited Liability Partnership or LLP
- Limited Liability Limited Partnership or LLLP
- Limited Liability Company or LLC
- Professional LLC
- Professional Corporation
- Nonprofit Organization
- Cooperative Organization
As estates, municipalities and nonprofits do not concern the main topic here, the following discussions will exclude the three.
Importance of the State: The Same Corporate Structure Will Vary from State to State
All organizations must register themselves as entities at the state level in United States, so the rules and regulations governing them differ quite a bit, based on the state in question.
What this means is that a Texas LLC for example will not operate under the same rules and regulations as an LLC registered in New York. Also, an LLC in Texas can have the same name as another company that is registered in a different state, but it's not advisable given how difficult it could become in the future while filing for patents.
To know more about such quirks and step-by-step instructions on how to start an LLC in Texas, visit howtostartanllc.com, and you could get started with the online process immediately. The information and services on the website are not just limited to Texas LLC organizations either, but they have a dedicated page for guiding fresh entrepreneurs through the corporate tax structures in every state.
Sole Proprietorship: Default for Freelancers and Consultants
There is only one owner or head in a sole proprietorship, and that's what makes it ideal for one-man businesses that deal with freelance work and consulting services. Single man sole proprietorships are automatic in nature, therefore, registration with the state is unnecessary.
Sole proprietorships are also suited to a degree for singular teams such as a small construction crew, a group of handymen, or even miniature establishments in retail. Also, this puts the owner's personal financial status at jeopardy.
Due to the fact that a sole proprietorship entity puts all responsibilities for paying taxes and returning loans, it directly jeopardizes the sole proprietor's personal belongings in case of a lawsuit, or even after a failed loan repayment.
This is the main reason why even the most miniature establishments find LLCs to be a better option, but this is not the only reason either. Sole proprietors also find it hard to start their business credit or even get significant business loans.
General Partnership: Equal Responsibilities
The only significant difference between a General Partnership and a Sole Proprietorship is the fact that two or more owners share responsibilities and liabilities equally in a General Partnership, as opposed to there being only one responsible and liable party in the latter. Other than that, they more or less share the same pros and cons.
Registration with the state is not necessary in most cases, and although it still puts the finances of the business owners at risk here, the partnership divides the liability, making it a slightly better option than sole proprietorship for small teams of skilled workers or even small restaurants and such.
Limited Partnership: Active and Investing Partners
A Limited Partnership (LP) has to be registered with a state and whether it has just two or more partners, there are two different types of partners in all LP establishments.
The active partner or the general partner is the one who is responsible and liable for operating the business in its entirety. The silent or investing partner, on the other hand, is the one who invests funds or other resources into the organization. The latter has very limited liability or control over the company's operations.
It's a perfect way for investors to put their money into a sector that they are personally not experienced with, but have access to people who do. From the perspective of the general partners, they have similar responsibilities and liabilities to those in a general partnership.
It's the default strategy for startups to find funding and as long as the idea is sound, it has made way for multiple successful entrepreneurial ventures in the recent past. However, personal liability still looms as a dangerous prospect for the active partners to consider.
Limited Liability Company and Professional LLC
Small businesses have no better entity structure to follow than the LLC, given that it takes multiple good ideas from various corporate structures, virtually eliminating most cons that are inherent to them. Any and all small businesses that are in a position to or are in requirement of signing up with their respective state, usually choose an LLC entity because of the following reasons:
- It removes the dangerous aspect of personal liability if the business falls in debt or is sued for reparations
- The state offers the choice of choosing between corporation and partnership tax slabs
- The limited legalities and paperwork make it suited for small businesses
While more expensive than a general partnership or a sole proprietorship, a professional LLC is going to be a much safer choice for freelancers and consultants, especially if it involves risk of any kind. This makes it ideal for even single man businesses such a physician's practice or the consultancy services of an accountant.
B, C and S-Corporation
By definition, all corporation entities share most of the same attributes and as the term suggests, they're more suited for larger or at least medium sized businesses in any sector. The differences between the three are vast once you delve into the tax structures which govern each entity.
However, the basic differences can be observed by simply taking a look at each of their definitive descriptions, as stated below.
C-Corporation – This is the default corporate entity for large or medium-large businesses, complete with a board of directors, a CEO/CEOs, other executive officers and shareholders.
The shareholders or owners are not liable for debts or legal dispute settlements in a C-Corporation, and they may qualify for lower tax slabs than is possible in any other corporate structure. On becoming big enough, they also have the option to become a publicly traded company, which is ideal for generating growth investments.
B- Corporation – the same rules apply as a C-Corporation, but due to their registered and certified commitment to social and environmental standards maintenance, B-Corporations will have a more lenient tax structure to deal with.
S-Corporation – Almost identical to a C-Corporation, the difference is in scale, as S-Corporations are only meant for small businesses, general partnerships and even sole proprietors. The main difference here is that due to the creation of a pass-through entity, aka a S-Corporation, the owner/owners do not have liability for business debt and legal disputes. They also are not taxed on the corporate slab.
Cooperative: Limited Application
A cooperation structure in most cases is a voluntary partnership of limited responsibilities that binds people in mutual interest - it is an inefficient structure due to the voluntary nature of its legal bindings, which often makes it unsuitable for traditional business operations. Nevertheless, the limited liability clause exempts all members of a cooperative from having personal liability for paying debts and settling claims.
This should clear up most of the confusion surrounding the core concepts and their suitability. In case you are wondering why the Professional Corporation structure wasn't mentioned, then that's because it has very limited applications. Meant for self-employed, skilled professionals or small organizations founded by them, they have less appeal now in comparison to an LLC or an S-Corporation.