Daphne Maxwell Reid may be best known for playing Vivian “Aunt Viv" Banks on the beloved '90s sitcom The Fresh Prince of Bel Air—and for gracefully taking over the role during the end of the show's third season. But, there's so much more to Reid's story and career—that starts before Fresh Prince ever aired and goes long after the show ended in 1996.
Passionate about photography, cooking, and design, Reid considers Daphne Style, her custom line of Chinese silk brocade jackets, to be wearable works of art. She's published five fine art photography books that feature doors and doorways from around the world, and recently released her first cookbook, Grace + Soul & Motherwit: A Cookbook Spiced with Personal Memories.
To give all her projects the time and energy needed to thrive, Reid is a master at the delicate art of prioritizing. “I was given the God-given blessings of gifts," Reid explains. "And gifts are the talents that I need to express to the world. I just take each one as it inspires me and see where I can go with it and learn what I can through the process of developing it. The learning process is my favorite part. Learning how to do something, market something and express something in the most fulfilling way."
With so much success and personal gratification to relish in, Reid is determined to influence and inspire the younger generation of African-American men and women to find, follow and execute their passions too. “I found that all of these threads of experiences weave the tapestry that makes my life fulfilled. I want to make sure that kids don't get jaded and unfocused," she explains. “I want them to realize that they can achieve whatever they desire if they have the willpower, if they get up when they fall down, if they make sure that there are joy and compassion in their life. It just all rounds out beautifully."
While Reid has found success as an actress, model, artist and more—she didn't follow a set path to check off all those boxes on her resume. Instead, as she went along for the ride, she remained open to where the twists and turns might lead.
“When you set your goals, you decide, 'Oh, this is what I want to do. This is what I want to be,'" says Reid. “But, life has its own playbook. If you're living your life fully, you may be guided toward something else, but you'll eventually get back to what you're dreaming about. The sidetrack is to gain additional knowledge that you'll need to help that dream along."
Reid was the first black woman to grace the cover of Glamour. This 1969 cover would go on to change her life
Reid knows a little something about getting sidetracked. As a teenager, she started modeling in the pages of Seventeen magazine's “Real Girl" issue. A merit scholar with plans to attend Northwestern University in Chicago, modeling was not in Reid's big picture plans. “I was looking for a career first as a science teacher and then as an interior designer and architect. That's where I was focused." So, Reid framed the chance to model as a “blessing" and decided to pursue it while in college. She flew back and forth between Chicago and New York City for just $25 a round trip.
For one shoot, her agent instructed her to arrive with clean hair, minimal make-up and wear just a simple red turtleneck and jacket.
“My agent said, 'Put some mascara and some lip gloss on. Pull your hair over to the side and sit on the window,'" recalls Reid. “I shot for maybe fifteen minutes—the photographer didn't take more than twenty shots." Reid got back on the plane and headed back to school not knowing how drastically her career was about to change. That “simple" photo shoot was the future cover of Glamour magazine."
With an acting career that started in the '70s, Reid has witnessed a great shift in the entertainment industry, especially within the African American community. Photo Courtesy of Daphne Maxwell Reid
And, it wasn't any cover. It was the first cover of Glamour featuring an African American woman. Being the “first" wasn't Reid's intention. “You grow up living your life, and you go on to the next opportunity," she says. “If you're graced, you're guided to places that fulfill you and opportunities that can help you be fulfilled."
While acting is a natural progression from a career in modeling, Reid didn't imagine she'd follow that path either—even though she did some theater in high school and commercials and voice-over work in Chicago. Through her modeling agency, Reid got cast on a TV series called The Duke. She enjoyed the experience so much, she decided to see what would happen if she pursued acting in the “big pond" of Los Angeles. “My career just bloomed. It was a blessing. It was manna from heaven," she says. “I was trying to do my best at it and learn everything that made it tick. That's how my career progressed. I was not the woman who had the desire to be a high fashion model or TV star. I didn't think about any of that. I went along for the ride and what a wonderful ride it has been."
With an acting career that started in the '70s, Reid has witnessed a great shift in the entertainment industry, especially within the African American community. She's especially impressed and proud because today, African Americans are making themselves heard in ways the past generations could not. “There's a long history of blacks in this business but because there's social media now, you hear more about them," she says. “When say Lena Horne was acting, when a whole plethora of black actors and actors were acting, you didn't hear about them because they didn't spread the word. But they were there, and everybody built on everybody else's career. Everybody has to move the ball when it's their time to move the ball."
Reid, however, still thinks there's much work to be done. “I'm very proud and very happy for all that I see," she says. “But, I would love to have more African Americans in decision-making roles, so that they can decide how our community is represented on television and include stories that our culture knows about, but other cultures don't, that need to be expressed on television." True to form, she is an avid TV watcher—mainly scripted shows, however, because she believes the second you stick a camera in someone's face on a reality show—the reality is over. “I like the things that Oprah is developing and of course, I love Shonda Rhimes projects, because they just show so many varied types of black people. Then, there's Empire that shows a whole 'nother canvas of wonderful characters," she says.
“I think there's too much of the BS television out there but that needs its space, too. I'm saddened by the fact that advertising drives production more than creativity does but that's just my overall, general 'TV ain't what it used to be.'"
And, because show business isn't what it used to be either, Reid has very specific advice for those just starting out. “I suggest that new actors and actresses also love something besides acting that will earn them a living," she comments. "As an actor, you're waiting to be chosen. You don't have control over where your next job is coming from. You need to be able to eat while you're waiting to be chosen and working on your craft and learning all you can about the business." And, Reid wants young people to know that being a celebrity is not the end goal. “Being a celebrity is a nice perk," she says. "I'm not going to knock it—but it's not the goal. The kids now need to focus more on quality rather than quantity."
Quality work is what Reid built her career on. And she knows that an opportunity to work on something a trailblazing project like The Fresh Prince of Bel Air is rare.
“The show is timeless. It's an example of a black family that was not seen like that before," she recalls. “The talent of Will Smith is iconic, and the show had such a wonderful array of characters. It was written so well and so truthfully."
Reid says that the cast was instrumental in helping the writers nail those cultural notes the show so famously hit on. “I remember sitting at the table read one time, and they had Ashley talking back to her father," she remarks. “We all said, 'Excuse me? If Ashley did that in our house, she wouldn't have teeth because she'd have been knocked to the other side of the room. We don't have that kind of disrespect for our parents.' The writers understood that it was cultural, and they made it work."
To be sure, Reid believes a big reason the Fresh Prince was so successful is because Will Smith, the show's fearless leader and star, was the hardest working man in show business back then—and continues to be today. “He's a brilliant man," she says. "We knew this working with him. He worked harder than anybody on that show—and we all worked hard. He was a serious businessman and knew what a performance meant to the rest of the show. He brought it every time. He's a great leader and a great learner."
One of her standout memories is sitting with Smith and the rest of the cast between takes and talking about everything from philosophy to religion to literature. “All things where we would all grow from it," Reid reminisces. But while the cast still keeps in touch—don't expect them to follow the lead of other huge '90s sitcoms and reunite with a reboot. “No, no, no—it's time to move on! The times are different, things are different, people are different," she says. “Let's talk about what's happening now and the relationships in families now. Let's not try to recreate that was magic. Besides, it replays well. We're on our third generation of watchers!"
And, Reid is inspiring all generations to keep on following their dreams and live their best lives. “I'm trying to show that no matter where you are, who you are, how much money you have, or what your circumstances are—you can dream something into being," Reid says. “You can make it happen—if you try. If you don't try?" It's why Reid has yet to retire and has no plans on stopping anytime soon. “It'll never happen. I want to encourage my generation—the older folks— not retire. Instead, I want them to move to the next chapter and find something that they can grow with. Don't stop growing just because you've reached 65 or 70. It's a wonderful time for learning something new. Follow a path and see where it leads you."
And with Reid leading the way, we'll take any path she sets on.
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.