Surf City Lawyers - June 2018

ARE BUSINESS CARDS STILL RELEVANT?

BUSINESS NETWORKING IN 2018

HAVE PURPOSE. Before you order cards, decide how you will use them. Don’t invest in cards that are going to sit in a desk drawer for the next five years. KEEP THE DESIGN CLEAN. The idea is to capture the attention of the recipient, not overwhelm them. If the information on your card isn’t clear, the card is useless. Only say what is necessary — name, profession, contact info, and a brief description of the service you provide — and leave it at that. LET YOUR CREATIVITY SHINE. When you hand someone a well-designed business card — one that goes beyond a boring white rectangle — they keep it. Let your card reflect you and your business. Don’t be afraid to step out of the 2-by-3.5-inch box. Need inspiration? Head over to YouTube and search “Tim’s Novelty Business Cards” or go directly to youtube.com/watch?v=r4IDLvwgDbU. You’ll be inspired in no time!

Not so fast! There was a time when it seemed that the business card was legitimately on its way out and social media was poised to take over as the business-connection solution. While some websites, such as LinkedIn and Facebook, have become popular networking tools, they certainly haven’t rendered the business card obsolete. The business card provides a snapshot of your business to someone you may want to work with in the future. It’s an easy way to instantly hand someone your contact info — no fumbling around to find your smartphone or a relevant app. And that person will have a physical reminder of your name. But in 2018, your business card can’t be boring if you want to catch someone’s attention. It needs to convey key information in a simple, professional way while also standing out. That’s no easy task. Here are a few things to keep in mind when designing a business card:

Business cards don’t have the same presence they once did. These little pieces of card stock were once a vital part of professional networking, but they’ve become more of a niche item these days. So, should we consider the business card dead?

There are plenty of benefits to filing your business as a corporation, especially under the new tax plan. But to classify your company as a corporation, there are several legal obligations you’ll need to follow. Here are five of them. BYLAWS “Rules were made to be broken” is one precedent that does not work with corporations. To receive the corporate classification, your organization needs bylaws. These rules govern operations and serve as the foundation for all decisions made by the company. LEDGER You must have a ledger for all stocks associated with your company. It needs to be a detailed list of all owners and shareholders complete with contact information and ownership amount. BANK ACCOUNT Since a corporation is a separate entity, you must have a bank account in the business’ name. You’ll need to apply for an EIN and make sure all tax reporting is set up as well. Corporation 5 REQUIREMENTS TO BE LABELED A

MEETINGS Corporations and nonprofits must have yearly shareholder meetings to address the state of the business and elect officers and directors. One crucial aspect of these meetings is that there must be a paper trail. Meeting minutes must be held and placed into the record books. BOARD OF DIRECTORS MEETINGS Corporations are required to have regular board meetings. These are different than shareholder meetings in that there are no elections and they are focused directly on business matters. If you have more questions about how to set up your business as a corporation, reach out to us today. Anna specializes in making sure companies are given a clean start so that they can succeed for a lifetime.

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