It’s the dog days of summer and we have an interesting numerology combination of characters in the sky to contend with. Here’s one thing I can promise…no one will be bored this month. Six, yes I said SIX, planets will be in retrograde in August. What does that mean? Well it depends on the planet and sign. Many people believe that retrograde brings out the negative or dark side of a planet. I disagree. I think that retrograde can dim the power of a transit or require us to revisit that category of our lives and reassess our behavior or choices. In other words, clean house, “come to Jesus,” change course, try a new approach, or apply discipline. With so many areas of our lives being affected by this you have a big list to choose from in terms of focus. Overwhelmed? Here’s my advice: What area of your life have you been putting off changing? What behavior or situation do you need to wrangle, control, change or pay more attention to? You know what you need to do. Don’t feel like making any effort this month? The consequences of your inaction will ratchet up until you take responsibility. If you take your medicine some tough situations could be permanently resolved. Now doesn’t that sound better than mayhem?
July 24- Aug 23rd
“What about moi?”
Happy Birthday my lions and lionesses! Summer is your season in every way. The Sun is even your ruling “planet.” You have an actual burning massive star as your patron heavenly body. Wow. Remember that because I’ll come back to it in a minute. With some of the bigger planets in Earth and Water signs in retrograde, this is a time of rain on your proverbial parade. There is a heaviness or a damper at times on your moments of frivolity or passion. Situations may not resolve at the pace that you desire. There are always complications to wade through. When you feel frustrated try not to turn it on others. This is a month where words can hurt and do damage. Hold your tongue and direct your reflection inward. You are a burning star. You have a generator that is bigger than any circumstance. Own your inner power. The sun doesn’t attack the rain, it just evaporates the closer it gets to its surface. Shine your light and let problems take their own course and dissolve.
Aug 24th- Sep 23rd
You, like everyone else, will be affected by the Mars and Mercury retrograde this month. Virgos are less likely to speak out of turn…they are typically too careful for that. My advice is to cut those around you who struggle with foot in mouth disease some slack. Don’t take everything so personally and hole up to lick your wounds. Yes you are right but they are human. Life isn’t about always being right it’s about connecting and compassion. The last week of August is a divine moment for you all with a grand earth trine- AGAIN. Lucky you, especially those Virgos born August 25th- 30th.
Sep 24th- Oct 23rd
“My milkshake brings all the…”
Yes, the earth and water retrogrades are heavy for you this month but the stars are giving you some lovely breaks too. Firstly, while everyone else is saying the wrong thing in conflict, you have an opportunity to speak up for yourself. August will give you your voice back so it’s time to tell it like it is!
Your other gift is from your patron planet Venus who is home to stay for a little while in Libra. This means extra money and the ability to attract potential partners of all kinds. You don’t even need to pull out your milkshake machine or bat your eyelashes!
Oct 24th- Nov 22nd
“If it’s not broken…”
Many of the transits that are wreaking havoc on others are propelling you to success right now. The retrogrades may slow down your progress a bit but you are still moving forward and expanding your life. With Mars and Mercury squaring your sun AND in retrograde, you may be feeling over confident and taking risks or saying things that may backfire on you. Even though things are going well, hold back this month. Be conservative with your energy and ventures. Don’t disturb or change things that are going well.
Nov 23rd- Dec 22nd
“With the Sun at my back”
This time of year is always good for you with the Sun in Leo. It helps your life vision. How can you improve your dailyness? Do you need to change your habits, routine or choice of activities? This Mercury in retrograde informs you to be calm with your loved ones, even in the face of frustration. After August 7th some funds could release in your favor or a past partner or love could come a callin’. If you are in a relationship, enjoy a magical last three months of August. If you are not in a relationship put yourself out there. You could meet the one this month. Romance is in the air.
Dec 23rd- Jan 20th
These transits require you to work harder on your goals and to assess your process. These activities come naturally to Capricorns. They also will require you to change some habits. Change does NOT come naturally to Capricorns. Please revisit the introductory paragraph at the beginning of this article. What do you know that you need to button up? Your diet and/or exercise perhaps? Yep I thought so. Don’t procrastinate, your health is at stake.
Jan 21st- Feb 19th
“Put a little love in your heart”
This Mercury in retrograde will be a big one for you. Heed my advice and don’t try to push people to do what you want. Convince them that they WANT to do it and that it is THEIR CHOICE. They will flock to you en masse with this approach. In other words, attract don’t force. After August 7th, good love. After August 13th, revisit your finances and/or business plan. Is it working? Does it need a tweak? You may have surprises regarding property or finances this month…go with the flow. There is nothing that you can do to prepare for these changes and they don’t have to be bad; they can be fabulous! Breathe in, breathe out.
Feb 20th- Mar 20th
I don’t know if you’ve read the other horoscopes but this month is pretty tough for the other signs. I’m not saying it’s all rosy for you but I do believe that you could be the sign with the most to gain right now. It all depends on how you use the big energy that is being dealt from the universe right now. Take a cue from Tai Kwon Do. When aggression come towards you in any form (an attack, a confrontation) do not expend energy towards it in defense. Receive the energy and turn it back towards the sender. I know this sounds woo woo but it works.
Don’t be hooked by the anger or confrontation. Just hold up a mirror in a non-emotional way and enjoy the power of nonviolent protest.
Mar 21st- Apr 20th
“The devil is in the details”
Our Aries friends don’t like to slow down for any reason. What they lack in meticulousness they make up for in sheer passion and determination. They are bold, energetic and fearless. Unfortunately, this month all of these qualities are not very useful. Please heed my advice and save your energy. You are being called to make your list and check it twice. You must stop and look at the map or the plan or the process. Ask for proverbial directions. If you aren’t good at the details, find someone who is and ask them to check things for you. You will be glad that you did and more efficiently reach your goals. Yes-you can go faster if you slow down this month.
Apr 21st- May 20th
“Fun in the salt mine”
Typically the first three weeks of August are never your favorite because Leo squares your sun. Everything will always get better for you when Virgo hits on August 24th. August of 2018, however, should be a lot more to your liking. You may feel tired and drained and quite frankly annoyed by the monotony of other people. But unlike the other signs, your productivity will be off the chart. In other words, keep your head down and produce. You can pile up results, money, strategies and clear goals. Evaluate your real estate. It may be time to sell. You also have the favor of your boss or authority figure.
May 21st- Jun 21st
“My future’s so bright…”
You may not make much progress this month towards your goals but you will have a clearer vision than you have had in a while as to where you can go. You see potential like never before. You just can’t run very fast towards your horizon. That’s ok. It’s time to plan, take stock and make a vision board. Half of the ingredient for success is being able to see where you want to be and who you want to be. Have conversations with your future self. KNOW that you will get there. Enjoy being outdoors and get some sun. The Leo summer weeks are illuminating your dreams, enjoy it while you can.
Jun 22nd- Jul 23rd
“Pot boiling over”
Not only are the retrogrades effecting you this month, they are SQUARING your watery crab sign. That means that you may feel like you are running into a brick wall constantly in lieu of making progress. This will make you very ANGRY. Especially as it pertains to Mars in retrograde in the sign of Libra. To help you cope let’s take inspiration from your spirit animal the crab shall we? Crabs are best at camouflage. They blend in and move quickly. They are quiet. They are stealthy. They are brilliant at succeeding while no one is really looking. Crabs are NOT at their best when they feel cornered and stand to attack. Have you ever seen a crab angry and trying to wave its claws to intimidate? It’s almost funny. It certainly isn’t effective. Do what you do best this month and don’t be pushed into making a fool of yourself. No angry displays, please. You can however win against your competitors with cunning hidden strategy.
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.