Jasmine Lobe, thirties
Writer, actress and producerAlthough Sex and The City may have romanticised the term “sex columnist,” for actress Jasmine Lobe, it was a difficult career path to accept. “Often what you are most afraid of, is where the gold lies,” says Lobe, who pens “The J-Spot” in The Observer [Candace Bushnell’s former “Sex and The City” column], despite her initial hesitations. With the goal of opening up honest dialogue for women everywhere, Lobe has now set her sights on producing. And, like the illustrious Carrie, she’s optioned her writing for a TV show.
1. What made you choose this career path? What has been your greatest achievement?
It sounds cliche but I didn't choose to be a sex columnist, it chose me. I was an actress in Hollywood and wrote about my crazy experiences to stay sane. I showed my writing to a good friend of mine who took a shot on me and gave me my first column in an online magazine called New York Natives. Shortly thereafter, the Observer approached me to be their new sex columnist. The Observer is where Candace Bushnell’s column “Sex and the City” originated so I had big shoes to fill. But I couldn’t think about it that way— I had to make it my own, otherwise, I would have freaked out. I called my column “The J-Spot”, for um, you know, Jasmine. I’m very proud of my column. And then, just recently I optioned the “The J-Spot” to Universal Studios through Full Fathom 5 Productions. So now “The-Jspot” may be a TV show!
2. What’s the biggest criticism/stereotype/judgement you’ve faced in your career?
I was told if I didn’t make it as an actress by the time I was 25, I should find another career. Of course, now it looks like I’ll be producing, so when the time is right, I’ll produce shows or movies to cast myself in. Also, I always knew in my gut I was a writer as well as a performer, and thinking back, it was the harsh words I told myself that hurt the most. How could an actress in Hollywood trying out for parts like "hot blonde #2 in push up bra", break into the media / literary world from her studio apartment in West Hollywood?
3. What was the hardest part of overcoming this negativity? Do you have an anecdote you can share?
One of the biggest stereotypes of being a sex columnist is a lot of people assume you’re into orgies or are always up for having sex. One guy accused me of being a prude and a bad sex columnist because I didn’t want to have sex with him. “Do it for research,” he said. As a woman, if you don’t have enough sex your labeled a prude and if you have a lot of sex you’re labeled a slut. It’s really hard to “get it right” if you’re in the habit of pleasing men.
4. How did you #SWAAYthenarrative? What was the reaction by those who told you you “couldn’t” do it?
It took courage to sway the narrative or at least my own narrative. I’d walk into a party in Hollywood as the sweet, pretty girl, maybe even on some producer's arm, and only when asked, I’d say,“ I’m an actress.” But inside I was dying. I knew I was so much more than getting rejected from so many ditzy, blonde acting roles.
I was sick of feeling powerless and not honoring the tiger within me. But I was also afraid to write about my inner most feelings about sex, power dynamics, social status, money and all the issues I felt compelled to unravel. I was afraid to show my anger. I was afraid people wouldn’t like me anymore and that I'd shatter that passive, sweet girl image I had cloaked myself in. Well, I think I shattered that and thank God!
5. What’s your number one piece of advice to women discouraged by preconceived notions and society’s limitations?
I think my number one piece of advice is often what you are most afraid of, is where the gold lies. It can seem safer in the familiar, but the joy is in the expansion. So don’t be afraid to find your joy. I’ve always loved Elizabeth’ Appell’s line, “And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.”
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.