I’m about 6 years behind incorporating my business Then Comes Paper because it just seems so daunting. More urgently that incorporating THen Comes Paper is incorporating my other business, RGV Moms Blog because that business operates as a partnership.
The first source I’d say to look to is the Texas Secretary of State’s website. The forms seem easy enough and I’m wondering why I never started there to begin with. I just assumed I’d need an attorney to do this for me because it was complicated.
I’ll be working in this this month to retry to get it all wrapped up soon. I had two main questions for my particular cases.
1. If a business is a partnership as RGVMB is, would I file as an LLC or and LLP? From what I’ve read, there doesn’t seem to be much difference between the two. They both afford you the same structural and tax benefits as a sole proprietorship or a partnership, which is key. According to this article, the main difference is in regards to their liability, “LLPs must have at least one managing partner who bears liability for the partnership’s actions. With an LLP, whoever is in charge is legally exposed in the same way owners of a simple partnership are exposed.” That’s a scary-as-shit idea considering one of the main reasons we’re considering incorporating is to reduce our liabilities. For this reason, an LLC is the most desireable legal business formation.
2. Can I have multiple businesses under one umbrella in an LLC? First Comes Love Then Comes Paper has a few other small businesses unbrella-d under it since not only do we offer invitations but we also offer printables, wall art and decor, and personalized shirts. Turns out you can! Why would someone want to do that? One reason is to reduce paperwork and fees required to operate and maintain several LLC’s. Another is to provide added credibility for the business. Here are two resources I found valuable information on this. How to Structure Multpiple Businesses Under One Roof and another on Small Biz Trends
Once this is all figured out and implemented, we’re hoping to start our Estate Planning and learning more about LLC’s and Estate Planing.
I am not naturally a morning person. Not even by any stretch of the imagination. I love sleep. Like really.
I. Love. Sleep.
Because I have the luxury to set my own hours I can wake up as late as my kids wake. And they will sleep late if I coax them enough. But it bothered me to think that in a whole week I was losing 10 hours (at least!) by sleeping in. Do you know how much I can get done with 10 more hours in a week?! I mean, isn’t this what we constantly ask for? More time in our day. More time in our week. And I had it but I was sleeping it away.
“Life is waking up an hour early so you can live an hour more.”
So I went to see a hypnotist for a couple of weeks and though it changed my sleep desire dramatically and improved my overall life in other areas, I was still feeling tired and I was doing a very good job of making excuses.
Fast forward 3 months, more therapists and my physician, I was prescribed some medications (to treat other health and wellness issues). After another month or so of dosage changes to find the perfect balance, I slowly started waking early and getting into the routine of it. Slowly my mind, body, and soul started to see and reap the benefits of it.
It’s been almost three months since I have been waking an hour before the whole family gets up and it’s been a game-changer! I get so much more done in that hour of quiet than I do in the next 8 hours of the day.
Who knew how much I was missing out on?! Meditation, prayer, work, and trashy tv shows like The Real Housewives! But in all sincerity, there has been research that shows that waking up early has so many health benefits and advantages. I happen to agree with them. The links below are great resources on the benefits of early-rising.
Defend Your Research : The Early Bird Really Does Get the Worm
Is Success A Sunrise Away? The Benefits of Waking Up Early
Are you a morning person? Are you an early riser?
As moms, and partners and business professionals I am always striving to maintain balance. It’s the seesaw of life. You’re up in parenting one day and the next is a major mom-fail. I’ve been forced to think a lot about what I do and why I do it. No doubt I’ve stretched myself thin with the addition of our brick and mortar store Southern Girl General. We’ve been thinking a lot about closing the retail shop and just focusing on our online presence. To say it has been stressful and overwhelming to think about closing it is probably the understatement of the year. All reason says we don’t need or benefit from having a retail space. But my heart, the one that loves to gather people and have a life bustling with friends and loved ones in and out my doors willy-nilly, feels otherwise. It’s forced me to dig deep into the roots of who I am, what I do, and why I do it. Whitney English’s blog post How to Use your Story to Help you Sell your Stuff was a great starting point for me to do so.
I know. I know. Although it’s emphasis is on how my story will help me in business, I couldn’t help but really reflect on and be taken back to the reasons for the long nights, and the balancing acts, and to the heart of who I am not only to me, but to my family, my husband, my children, and my friends. I want to live a life of intention. A life that shows my children love, hard work, dedication, honor, commitment. But above all else, I wanted to show them that love comes first. In life. In family. And yes, even in business.
So what’s your story? What is your “why”?