A conversation with filmmaker Tricia Brouk and thought-leader Jenn Lederer on the eve of the premiere of their documentary about women empowering other women to accomplish their dreams.
Jenn (left) and Tricia (right) say they aren’t sure what’s possible and sometimes, if they give it over, then the “what’s possible” becomes possible.
Photo Courtesy of Grace Loretta
Tricia: Talk to me about that moment that you agreed to let me shoot a doc about you.
Jenn: The moment ... It's funny. The moment I agreed for you to shoot a doc happened once I walked out of the bar. After we had spent the time together, and I really learned what it felt like to be held by you, to be inside of your space, even though it was super casual, and we were at a bar, and it was like two girlfriends hanging out, talking about a possibility. I really felt your leadership. When I left the bar and started walking back to the subway, I felt so much excitement and so much fear. I knew that if I was going to do this, I would need to hand the reins over to you.
Tricia: And what gave you permission to even consider doing that?
Jenn: Well, I think the fact that you and I had collaborated in little, kind of bite-sized collaborations, up to that point. I had seen you in motion but, what really allowed me to trust you was that feeling I had when we were sitting there together and I said, "This woman gets it." Beyond me, there was already a sense of, "I think there's something bigger here that maybe she is tuned into and I'm not." But, it's almost like I relinquished it over from myself, and I don't know if it was even given to you. It was just given up from me, which felt really good to finally be in a space where someone, without saying it, told me, "You know, you can put this down. You could not carry this on your own. What might that feel like?"
Tricia: Do you think it's important, as entrepreneurs, as leaders, as women who are generally in charge of everything, do you think it's important to acknowledge that sometimes it's important to give over, or to let go, or to put it down and let somebody else carry it?
Jenn: It is non-negotiable. We aren't the be all end all of what we can create in this world because no matter how big our thoughts are, no matter how big my vision is, I don't have access to what is truly possible.
The only way I get access to what is truly possible is when I admit I can't do this alone.
Tricia: Let me take you back to September 26. You sent me an email, and this is when you wanted to share a song that inspired you that day, “The Weight of it All” by Kaleigh Baker, a song we ended up using in Just Enough. And your email says, "It came blaring through my speakers as I was writing my morning pages and exploring what's possible."
We aren't sure what's possible and sometimes, if we give it over, then the “what's possible” becomes possible.
Jenn: And it becomes a collaboration with that intangible source that we all come in contact with from time to time, and sometimes we say, "Oh that was a coincidence. Oh, that was a one-time thing. Oh, that's not really who I am. That's not the norm." But the truth is, every time I give up my control and get curious about that question, what is possible here?, I'm blown away. Sometimes, being blown away, starts with stripping away. That's when it gets really scary because, in order for the new, big, and huge possibilities to come in, somethings got to give. That's where you, Tricia, and your safety, and how much I trusted you, helped me to let go.
Tricia: Yeah. It's difficult to acknowledge all the different ways of being. I think that when you can become comfortable with all the versions of yourself, and trust that that makes you up as a whole, then I think you can drop in and ground into the who you are, and into the what's possible.
Let’s jump ahead a little bit to September 30th.
You had a lot of fear around the project and you were trying to talk yourself out of it while talking yourself into it. So, what was it for you Jenn, that turned from excitement into panic and fear, and almost paralysis?
Jenn: The thing that brought me to the excitement is the same exact thing that brought me to the paralysis, which is the “What is possible?”, question. The truth is when I let, my imagination grab hold of something that isn't complete yet, I'm really good at bracing myself for the worst case scenario. We'll get only so close to what you want. Then, it will implode
Every cell of my body was saying “Yes! Do this!” but, my mind, the proof of past experiences, started to poison all of the excitement of the possibility and flipped it on it’s ear, and said, "But, look at all this stuff that could happen.
Look at how people might judge you. Look at how the story might be told differently than what you want. Look at how ... What are you going to look like on camera, Jenn? Are you in shape the way you want to be? What's your skin going to be like that week? All of the things that started to convince me, "Maybe not right now. You know what? Maybe we should just keep talking about this and really hammer it out." And, that is normally when I back out of big, exciting projects like this one.
Tricia: So, what changed your mind?
Jenn: When I sat with it I couldn't deny the truth. I've gotten very good at filtering through my fears and finding the nugget of truth. The truth was, it was time. The truth was, all of the other fears and, misconceptions, and past experiences were the lies. So, in that response to you when I declared “Yes!”, it was not so much me declaring yes to the project, as it was me declaring yes to a new way of moving toward my dream. Where the fears and the old way, the old way of thinking was no longer going to be mine.
"The truth was, it was time. The truth was, all of the other fears and, misconceptions, and past experiences were the lies." Photo Courtesy of Grace Loretta
"When you get clear about the bigger why, and it’s the exact sensation I talked about when I realized it was a yes for you and I, of tapping into this is bigger than me." Photo Courtesy of Grace Loretta
Tricia: How do we own our power and walk through the world fully lit up?
Jenn: Yeah. Well, the first step is always permission and curiosity. Permission to admit that you do have power, permission to know that it's already inside of you. Then, get comfortable with the practice of seeking people, places, and experiences that mirror that permission back to you. Where you walk in and they say, "We see you. We see your power. You are powerful and, come in here and practice being that power."
Tricia: I think also when you understand that you've got power and intelligence and success, and strength, and all these things that many people, many women, are afraid to own, it's also important to own mistakes, fuck-ups, things that aren't going perfectly. It's about not worrying whether somebody is going to judge you, not worrying about whether or not you're going to fail. Because yes, everyone else in the world is going to judge you. I say this all the time, stop judging yourself, let everybody else do it.
"It’s difficult to acknowledge all the different ways of being. I think that when you can become comfortable with all the versions of yourself, and trust that that makes you up as a whole, then I think you can drop in and ground into the who you are, and into the what’s possible." Photo Courtesy of John DeMato
Jenn: When you get clear about the bigger why, and it's the exact sensation I talked about when I realized it was a yes for you and I, of tapping into this is bigger than me. This message chose my voice, my timing, my experience, to come through.
So, if we can realize that it's not as personal as our ego wants to make it out to be, that can give you permission to relax and trust. Knowing that bigger purpose and knowing that you are a part of something bigger takes the pressure off of your shoulders and you're no longer proving it. You are a part of it.
Tricia: What do you think being just enough has to do with transformation?
Jenn: It has everything to do with transformation because being just enough is, to me, knowing that there is no finish line. You never actually get there. You never actually get to the point where you say, "Aha! I've done it. I have no more transformation to be had. No more lessons to learn." As long as I am on this earth, the concept of being just enough means that, in the same breath, I can be a hot mess and the world's biggest inspiration.
Tricia: I feel like we are in the business of helping other people transform. If Just Enough, the doc, can give people the permission the integrate, then we've done our job.
Jenn: Yeah. And from what I've seen, that's what it's doing.
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.