Member Since: 2011-04-30 07:42:03
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May 21st, 2013 by admin
The law requires that the person responsible for any place of work must make sure that the premises are equipped with the correct type and quantity of fire fighting appliances and that systems are in place to ensure that these are maintained in good working order.
Buying the right amount of fire extinguishers and putting them up in appropriate places in your premises is essential, but your responsibilities do not end there. Any fire fighting appliance that has been moved, covered up, or which does not work properly, may as well not be there when a fire breaks out. You need to know that in the event of a fire you will be able to go straight to an extinguisher and it will work properly first time.
This does not put any particularly onerous tasks on the shoulders of business leaders, but it does mean that you need to have proper systems in place that will ensure your equipment is properly maintained. Fire extinguisher servicing is one aspect of the solution and regular in-house inspections is the other.
Fire extinguisher servicing should only be carried out by representatives of the manufacturer of the appliance or a properly trained engineer. There are many companies that specialise in fire extinguisher servicing and maintenance. The simplest solution is to set up a contract for regular inspection and servicing, so that you can rest assured that your appliances will be properly maintained and kept in good working order. The law requires that all appliances are serviced by a competent person at least once every year.
Only having anyone look at your extinguishers once a year, however, is not in itself enough to meet your obligations. In addition to the annual fire extinguisher servicing by a professional company, you have an obligation to ensure that the appliances are checked in a basic way much more regularly than that.
The exact frequency of checks will depend on the nature of your premises and business, but generally speaking most places should be looking at not less than once a month. Unlike proper fire extinguisher servicing, these monthly checks are fairly basic and can be done by a member of your own team.
Some of the things that you should be looking for when carrying out these inspections are as follows. Check that every extinguisher is where it is supposed to be, and has not been moved. If the extinguisher has a pressure gauge on it, check that the pointer shows that the pressure is what it is meant to be. This is usually indicated by the pointer being in an area coloured green. Any appliance that shows anything different should be swapped or checked by an engineer.
Every fire extinguisher has a pull pin in the handle, so check that this is firmly in place and has not been removed. Some extinguishers have tamper seals too, so similarly check that these have not been removed or interfered with. You can also check the whole appliance for general damage, in case it has been dropped or struck with other equipment. Any extinguishers with dents, cracks or areas of rust should be referred to an engineer for checking.
Using this combination of proper fire extinguisher servicing and regular monthly checks should ensure that your fire fighting equipment is always in good working order. It is sensible to keep a written record of when each inspection is made, so that you can provide proof of proper maintenance in case of inspection by the fire authorities, or any future incidents of fire.
About the Author
Read more about fire extinguisher servicing on the author’s website, as well as a guide to fire risk assessment and information about each fire extinguisher class.
May 20th, 2013 by admin
Lean manufacturing has been called lots of things, and is know by many different names, but the one thing that everybody can agree on is that it works. Why would anybody not want to produce more with less and in turn, increase profits? It doesn’t make any sense for any business, regardless of size not to at least consider the main principles of lean manufacturing?
At its core, lean manufacturing is about making more products with less waste and less costs in order to increase profits, and looking for ways to make the product cost less to produce without sacrificing quality. This is the part of the process that is fun for some people and very difficult for other people. Lots of people have ideas, and in any company they are perfectly willing to share those ideas with management if they are just willing to listen.
People are not dumb and companies that do not treat their workers like they are, will often get more productive workers that care more about what they are doing. If they see a way to improve efficiency or help production, they are willing to share if they feel like management is open to listening. Thos is the part that can be difficult for some people because of the big word that is spelled change. People don’t like the thing known as change and resist it often to the detriment of themselves and the company.
People will say that this is the way it has always been done and this is the way we will continue to do it, regardless of whether it makes sense or not. This is also the part of the process where people get their feeling hurt. Nobody likes being told that the way they have been doing something is no longer good enough, especially if they are the ones that came up with the idea and procedure. But there is always a better way to do things a faster, more efficient way to accomplish a task, it just has to be identified and worked out.
It takes a lot of convincing to get somebody to change the way they do things and by having the changes mapped out and do the calculations in order to estimate the actual savings based on the changes will go a long way to changing peoples’ minds. They need proof that it will work and a plan needs to be made in order to start the process.
About the Author
When you are incorporating lean six sigma into your business you will notice an increase in productivity and a decrease in waste. To learn more on how six sigma can help your business, visit stupidcupid.org.
May 19th, 2013 by admin
I am a PHP dummy.
I have a lot of sites on the net and make a living in internet marketing and have always had to pay someone like Robert to build and make alterations to my sites so the simplicity of some of the functions in the ebook took me by surprise.
Example: chapter one which deals with peronalising web pages was such a doddle to achieve, and personalising a web page with someones name is probably the single most profitable change you can make to any ad copy.
People just sit up and take notice when they see their name in print, they get drawn in that much quicker and sales conversion always go up when this type of personalisation is used. Knowing how simple this is to do is the first step in saving me a great deal of time (and Money) and helping me to increase my earnings on line.
Chapter 2 threw me entirely into a spin, as an online businessman the biggest worry is the unsavoury element searching out the url to my product download pages and stealing my products. But here was a simple and profitable solution.
Profitable because now not only could I protect my download page but I had a reason to collect the customers email address, an email address was required in order to receive the password needed to access the download page.
No customer is going to object to handing over his/her email in order to receive a product they just paid for, and the second most important thing to achieve after the sale is to get their email address some how this nifty bit of php coding achieves both security of product and gathers their email address.
Im busy learning some of the other chapters, to find more gems.
About the Author
It could take you years and can cost you a small fortune to figure out just the right combinations to make that installation works – while others fall flat on their face.
But instead of knocking yourself out trying to come up with just the right learning tools, you can now have an entire collection of my hard-hitting online video tutorials for your, ready at your beck and call.
May 19th, 2013 by admin
Does your business having some signs of bankruptcy or currently dealing with it? Here are some ideas how to climb you up out of the mud.
Bankruptcy means an official statement of economic failure and crippling the ability of the person or company to pay their creditors.
ALWAYS PAY YOUR BILLS FULL AND ON TIME
The very simple bankruptcy facts are this: The credit-scoring bureaus are going to be very cautious about awarding points to people who have declared bankruptcy. As such, you must never make a late payment. You cannot be a single minute past the deadline.
The credit-scoring models consider you an extremely risky borrower, so any indication that you are slipping into old patterns will not bode well for your credit score. You must pay on time each month.
You must never exceed a balance that is more than 30 percent of your limit. So learn how to create a budget and stick to it.
* Installment debts – Even as most unsecured debts will have already been written-off, certain secured debts – mortgages and car loans – will have been reaffirmed under the 2005 bankruptcy laws. Continue to make timely repayments in relation to these debts and student loans and this will lead to a higher credit score.
* Revolving debts – Consider getting a secured or unsecured poor credit card as a source of revolving debt will help with fixing bad credit scores. Avoid using more than 30% of the overall credit limit in any one month – less than 10% is optimal.
Fixing bad credit scores will happen more quickly if timely repayments are made towards a source of both installment and revolving debt.
FIX & OPEN NEW LINES OF CREDIT
Knowing that you are never going to make a late payment, begin opening new lines of credit. Credit bureaus will pay more attention to your recent activities than to things that happened in the past, so if you immediately start using credit responsibly, you will be well on your way to a clean credit record. Obtaining new lines of credit after bankruptcy tells the credit bureaus that while you might have hit hard times, you are on your way up! If you follow this advice and obtain new lines of credit, you can easily raise your score well before the bankruptcy is removed from your credit report in ten years.
Fix your bad credit by removing credit report errors. It is a reality for many discharged bankrupts that some of the debts that have been eliminated by filing for bankruptcy still show as open, overdue financial obligations. The amount of money owed is a vital factor so it is important to get any issues corrected as soon as possible.
As part of your plan for applying the bankruptcy facts to recover after a bankruptcy, you should:
* Try to open an installment loan. If you are buying a new appliance, household furniture, or a computer, ask the sales associate whether you can open an installment loan. Or, go into a bank with a co-signer and apply for an installment loan.
* Open three new credit cards, which you keep active by using in lieu of cash, but pay off in full after each use. If you are at lunch with a friend and have cash to pay the $12 bill, charge the lunch to your credit card. As soon as you return home, make an electronic payment in the amount of $12 (assuming you are not charged for electronic payments). My point is this: keep the cards active, but keep the balance as low as possible month-round.
Three things to keep in mind when opening new accounts:
- To best repair your credit, try to open all your new accounts as soon as possible after the bankruptcy discharge. This might cause your score to drop immediately as lenders might think you are preparing to go on a spending spree. In the long run, though, your credit will benefit from this strategy as credit-scoring bureaus will award more points to those who have the longest relationships with lenders. If you stagger the accounts by opening a new one every six months, you will keep lowering the average age of your accounts.
- You might not qualify for traditional credit cards. Try applying for secured credit cards or ask a family member to add you as a credit card authorized user.
- Because you likely have low credit, you might not qualify for loans and credit cards with low interest rates. This is yet another reason to pay your bills immediately and in full. That said, you might be willing to find lenders willing to compete a little for your business. Trying to negotiate a lower interest rate is always wise.
Furthermore, hiring a personal CPA or even a virtual assistant CPA from an outsourcing company in the Philippines could help more. Remember to budget your expenses carefully just like as you budget your income.
About the Author
Head, Marketing Department
RemoteWorkmate Virtual Assistant
May 17th, 2013 by admin
A long time ago, say, in the early 1990s, employers had a very good idea where their job candidates originated. Most came from ‘word of mouth’ and the rest via newspaper ads. Not so today.
In a world where candidates can discover jobs via Twitter, job boards, social networks, unemployment offices, and yes, even word of mouth, employers have found it increasingly difficult to say exactly where their hires originate. In fact, a recent study by CareerXroads repeatedly emphasized that many companies lack sophisticated tracking for the source of hire.
Why is the source of hire important? Well, knowing where good candidates were found helps the employer to continue building a skilled workforce, and helps the HR department forecast their recruitment spending. It should be a simple question to answer, but it isn’t. The devil is in the details.
First, there is simple confusion over terms, for example, if an ad is run in the newspaper, it’s also likely that the paper will post it online. So is a response to the ad attributed to the newspaper, or to the online job board it posted to? Second, although many companies use applicant tracking systems (ATS) that are designed to follow the job seeker from inquiry to hire, the tracking codes are often simplistic, instead of listing several different job boards, the ATS might simply offer one source: ‘job boards’. Finally, job seekers may not remember (or even care) where they originally found out about the job, so they just check off the first option that shows up.
Despite these hurdles, companies in the CareerXroads study attributed 27% of hires to referrals, 22% to company career sites, and 13% to job boards, with the remaining sources mixed. What is noteworthy about these numbers?
First, note that job board operators firmly reject the idea that ‘company career site’ is a legitimate source. Considering the miserable state of source tracking, it would be more appropriate to label that particular bucket ‘source unknown’.
Second, notwithstanding the buzz, social media tools seem more promise than reality for the employers surveyed, accounting for less than 1% of hires.
Third, here’s the big surprise — the leading source of hire was ‘internal movement’, in other words, promotion from within the company. The ‘internal movement’ category accounts for 51% of all hires. So once you’re hired, you stand a good chance of being re-hired by your company, especially during a deep recession – good news for the happily employed.
And for the unemployed? Talk to your friends, network, visit prospective employers’ careers site, and check the job boards that specialize in your industry and profession.
by Jeff Dickey-Chasins for OnlineRecruitingNews.com
About the Author
The Job Board Doctor is Jeff Dickey-Chasins, a veteran of the job board, publishing, and e-learning industries. Jeff was the original marketing director for Dice.com, growing it from $7 million to $65+ million in three years.
He has worked with numerous job boards and HR-related sites over the past 20 years. Jeff has fought through countless site revisions, marketing campaigns, and challenging sales environments.
May 17th, 2013 by admin
Orlando is thought to be a significant vacationer spot within the south jap a part of the United States. 1000′s of individuals throng to this place to take pleasure in their vacation. Staying in villas, throughout these holidays, provide an altogether different experience. In contrast to the lodge room where area is restricted to one room, villas in olrando offer the posh of a two bed room house. Among the villas in olrando are with two bedrooms of rental model for a small household and can even go up to six rooms for large gatherings. The youngsters’s room are embellished with various cartoon characters and bunk beds are also provided. Pool sides are also available with the facilities of sizzling tub and water slide. Among the villas have personal pools apart from the main pools. This ensures that only these inside your group might be utilizing the pool and never shared by others. The villas in olrando supply quite a lot of entertainments like a movie theatre, health club, games room etc. Another feature of the villas is that they assist you to prepare dinner by yourself which is greater enjoyable particularly when you are outing with a larger party. The kitchen of many villas will function a fridge, oven and dishwasher. Villas supply a substantial amount of safety particularly when children are there. One can even get the quantity of privacy he needs in the trip villas. In case you feel that villas will value more than lodge accommodation, then some rethinking is necessary. For a bigger group, villas in olrando would work out to be less expensive for the type of amenities which can be being provided. Some of the villas will organise outings to the nearby locations. By choosing the villas in orlando, one can make sure that his holiday will turn into extra fulfilling, peaceful and refreshing.
About the Author
I like to write more articles.
May 16th, 2013 by admin
Delegating tasks is an important way for you to balance your group’s workload while also helping team members to grow. But farming out responsibilities can be a daunting task by itself. We’ve put together some principles to help you get the best results from delegating within your PMO.
Your delegation methods will help to set your team up for success.
Delegate completely. That doesn’t mean you delegate everything–instead, it means that you need to trust that your team can take on the new tasks and succeed at them. Don’t micromanage, don’t hover, and don’t take back a task unless you’ve exhausted every other option.
Be available to help. Your team members may have questions about the tasks you’ve given them, and it’s important that you don’t see that as a bad thing. Answering their questions and providing direction is how your staff will learn and gain expertise.
There are a couple of primary reasons you should delegate within your team.
Workload. There’s too much work for just one person. Your team needs to rely on the combined skills, expertise, and energy of all its members in order to accomplish everything on the schedule.
Improving skill sets. There’s no better way to nurture new talents than to put them to use. When your team members are given tasks that test their abilities, they’ll have the opportunity to improve and expand their skill sets.
What to delegate
Use these guidelines to determine which tasks you should keep and which make sense to delegate.
Tasks that don’t require your attention. There are many issues that only YOU can deal with, either because you have specific expertise or as a result of your seniority or authority. Any task that doesn’t fit that criteria should be considered for delegation. Remember, though, to keep your team’s workload reasonable and equitable.
Fun stuff. Yep, it’s time to recognize that fun stuff really does exist in project management, and your team deserves to enjoy some of it. If you only delegate boring or unpleasant tasks, you’re drastically undermining your PMO’s sense of team. Farm out the fun stuff and everyone will be more eager to pitch in when the mundane tasks crop up.
Difficult tasks. Too many managers keep the hard stuff for themselves because they aren’t sure their team is up to the task. It’s better in the long run–for you and your team–if you learn to delegate tough tasks while also assuring your staff that you’re available to help if they need it. You’ll free up more of your own time to focus on higher level issues, you’ll be providing your team with fantastic growth opportunities, and you can still shepherd tasks along as your staff learns the ropes.
What to keep for yourself
As you evaluate the tasks and issues facing your PMO, you’ll find some that aren’t good candidates for delegation. Below are a few examples.
Supervisory issues. Anything related to the management of your direct reports is your responsibility (and yours alone). A matrix reporting environment doesn’t change anything–you’ll only be doing your employees a disservice if you delegate the supervisory tasks that belong to you.
Budget accountability. Final responsibility for submitting accurate budgets, meeting budget objectives, and preventing cost overruns in your area(s) isn’t something you should delegate, even if others in your group share some of those tasks along the way.
Documentation oversight. It’s likely that others in your group have day-to-day responsibility for contributing to or maintaining your PMO’s documentation, but the overall task of ensuring accuracy, completeness, and compliance should remain with you.
About the Author
PMAlliance, Inc. is a project management consulting, project management training and project office development company.
May 14th, 2013 by admin
Have you heard about ETDBW? This acronym means “easy to do business with”. Is your clinic easy to do business with? That is, from your clients’ and patients’ perspective?
For those of you who have experience with me through the Programs I offer, you will recognize that behind everything I say and advocate on business success is exceptional customer service. Here is another angle on this very important theme.
I am not entirely sure where the concept of ETDBW originated. But the truth is that differentiating your practice in today’s world starts with seeing it through your clients’ eyes and making your practice easy to do business with.
Are you available when customers need you?
Are your business processes geared toward their needs, not yours?
How are your phones answered?
How often do you ask what your clients want?
How easy is your website to navigate?
In today’s world, people like ease in their lives. Simplicity has become a competitive advantage.
I know you don’t set out to be hard to do business with. So why does the problem still occur only too frequently? It is usually a case of a practice looking to do things in the easiest way possible for themselves, while forgetting their clients’ needs.
Sometimes clinic policies even make it difficult for staff to share information. Sometimes front desk and clinical staff are forced to say, “Sorry, it is against our policy.”
How can you turn this around?
1. First look internally. Find out where your staff feels they are “road blocked”, where the rules prevent them from helping your patients. Ask your employees, they know best on this account.
2. Next look at your clinic from your clients and patients point of view. Survey your clients, track their complaints.
3. Listen carefully in every interaction you have with your clients and patients; hear what they are really saying – what is behind their words.
In the end it is about consistency, being conscious of your clients’ needs, and taking your client’s side. To me it is really common sense.
There are countless benefits to your business when you embrace exceptional client service as your highest business value. Here are only a few of these benefits:
Your clinic will be strongly positioned in the marketplace for all of the right reasons.
When you listen to your clients, they can lead you into new services you may have ignored or resisted, very lucrative new services.
Your return and referral business will be exceptionally high.
Your team of employees will be highly engaged and fulfilled.
You will have the practice and business you dreamed of, one that offers you fulfillment, freedom, and financial success.
Make a decision today to ask your employees and clients the questions that will lead you becoming ETDBW, easy to do business with.
Prosperous Physical Therapy
Copyright @2009 by Erika Trimble All Right Reserved
About the Author
Physical therapy practice owners who want a better work-life balance and a smooth running operation with high client numbers learn how to have all of this with Prosperous Physical Therapy. Erika Trimble President of Prosperous Physical Therapy and Business Coach has created the first ever business training programs dedicated exclusively to practice owners. Visit us at http://www.prosperousphysicaltherapy.com
May 13th, 2013 by admin
Knock, knock, knock.
An anxious hand strikes the door of Chitoka Webb’s office, followed by the sharp chirp of a cordless phone fluttering from its base.
The buzz of a vibrating cell phone rattles atop her chestnut-colored desk.
A white cloud pops up on her computer, reminding her of a board meeting in an hour.
Knock, knock, knock.
It’s only 8:01 a.m.
There is an indescribable drive within Chitoka Webb. As the CEO of three companies, an indefinable willingness to succeed pours from her heart like a monsoon over the Southwest. For her, each drop that hits the ground is a path leading to an ocean of opportunity.
A confident smile draws across her face. “My day really starts at two or three in the morning,” she says, taking a sip from the steaming cup of McDonald’s coffee.
Her mind churns like the gears inside a watch. Within each crevasse is a new thought generating another idea to do better than the day before.
“Yesterday’s business is none of my business,” Webb says. “… I always look at something to improve now. I think about where I want to be, and how I want to get there.”
The typical CEO might consists of a 6’0 Caucasian male dressed in a three-button Armani Collezioni carrying a Kenneth Cole briefcase and talking on a Blackberry. But Webb defies the common CEO image. Standing at a little more than 5’3, Webb is only one of the 414,472 female African American business owners in America. You won’t see Yale, Harvard or Stanford on her resume; she has no formal education. And if there’s anything that sets her personality apart from the serious demeanor of a corporate CEO, it’s her radiant smile that instantly warms a room, and the humbleness she carries that makes her easy to approach.
While growing up in the Preston Taylor Housing Projects in Nashville, Tenn., Webb’s mother instilled an important philosophy that has influenced her drive to succeed.
“Everything you do was based on how you treated other people…. I’ve always had a passion to help others,” Webb says.
That passion transpired into opening two heath care agencies and a holdings company. Unity Residential Services, Inc, in Nashville, Tenn. opened in 2004, and Connecting Hearts in Tuscaloosa, Ala. opened a year later. Both companies provide services to intellectually disabled individuals. In 2007, Chitoka L. Webb Holdings opened to coordinate her service organizations in Tennessee and Alabama.
And within each company Webb runs, she practices the same philosophy that is derived from the Golden Rule: We treat people the way we want to be treated.
“You can never go wrong by doing right by other people,” Webb says.
So, how does one operate three companies? Webb encourages leadership among her employees because, like the old saying goes, any company is only as good as its employees. She describes her management style as direct and non-emotional, and contributes her success to self-discipline and understanding the responsibility of the future.
For a couple of hours every week, Webb meets with her management team to address ideas, issues and concerns. Webb says it’s never been challenging for her to listen to other people because part of leadership is recognizing the potential of others. Webb opens her mind, ears and heart to new ideas, new opportunities and new challenges. Part of the meetings are also dedicated to getting someone’s mind away from the week’s stressful activities. They begin with a silly, but thought-provoking icebreaker because it gives everyone the chance to get to know one another outside of the daily grind.
“I make sure that whatever it is we do, we add that human component,” she says.
In a position of leadership, Webb does is what she describes as “putting out fires.” As soon as one problem is extinguished, another can unexpectedly flair up. And before one problem spreads like a California forest fire, Webb adapts herself to change and flexibility. Within a matter of moments, an entire day’s worth of work can adjust to accommodate a resolution to a potentially serious problem.
When Webb isn’t putting out fires, she focuses on things she can implement to improve her role as a CEO. Webb is truly an open-minded person who seeks the opportunity for growth. She engages herself with books, articles and mentally-stimulating exercises that cater to her future success.
“As stressful, challenging and unpredictable as work can be, I whole-heartedly love what I do,” Webb says.
Knock, knock, knock.
To learn more about Chitoka Webb, visit http://www.chitokawebb.com.
About the Author
May 13th, 2013 by admin
Fortunately, airplanes crashes are rare. Unfortunately, those that do occur are almost always catastrophic. Rarely does everyone survive, and often planes collide with one another or into buildings causing even more collateral destruction.
If such a catastrophe involves an airplane owned by you personally — a plane in your name and not owned by another entity – your personal assets will be at risk. Placing the airplane into an entity – specifically, a Delaware LLC or Delaware corporation – is a wise and prudent way to shield your personal assets from the consequences of a crash.
Benefits of Incorporating in Delaware
* Limited liability
* Asset protection
o Homesteading & Insurance
o Delaware Family Limited Partnerships
o Delaware Corporations and Limited Liability Companies
o International Corporations
o Delaware Trusts
o International Trusts
* Offsets inadequate insurance
* Pass-through taxation (with S-Corp and LLC)
* Business deductions for losses and expenses
* Enhanced credibility with existing and potential customers
* Investor attraction
Following are strategies implemented by our customers to protect their assets through Harvard Business Services, Inc., depending on whether they own one plane or multiple planes.
OWNERS OF ONE PLANE:
We often hear pilots ask, “I fly my own plane, so how can incorporating protect me from liability?” These pilots mistakenly believe that if they are behind the stick they are liable no matter what, which is simply not true if they take the right precautions.
Here are a few tips from owner/operators faced with the same situation:
* If you are sued for an accident that wasn’t your fault, it may help to be incorporated in Delaware. A Delaware corporation or Delaware LLC will provide another layer of protection that complicates the plaintiff’s lawyer’s task. This extra layer of protection may cause the lawyers to reconsider suing you personally, or may be an inducement for them to attempt to reach a settlement.
* If you own a home, check on your state’s “Homestead Laws.” These laws, which vary greatly from state to state, may afford you protection from losing your home, even if you lose everything else and can’t pay for it. In some states, you have to qualify first, so check it out.
* If you own any other real estate — a farm, a beach house, a cottage in the woods, or an apartment building–put each piece of real estate under a separate Delaware LLC immediately. Include your spouse and children in the LLC as non-voting members. In most states you’ll need to file a quit-claim deed to transfer the ownership. If the property has a loan against it, you may need the permission of the lender to transfer the title.
* If you have numerous assets, consider setting up a family trust. You’ll need a good trust lawyer, which adds to the cost, but it is the best form of protection there is.
* If you’ve got nothing to lose (that is, you don’t have any sizable assets), consider increasing your insurance. It may keep you from declaring bankruptcy.
OWNERS OF MORE THAN ONE PLANE:
At great risk to their future financial wellbeing, most owner/operators who own more than one plane are still doing business in their own names as sole proprietors. If an accident occurs, in an effort to recover damages the victim or victims will go after both the assets of the business plus the owner’s personal assets. This could not only bankrupt the business but also strip the owner of all other personal assets.
There are those who have incorporated the business and placed the ownership of all the planes in this one corporation. While this arrangement is preferable to a sole proprietorship, it still leaves the corporation vulnerable to losing all its other assets and planes in a lawsuit resulting from an accident involving one plane.
Forming multiple entities so that each one owns a single plane is the safest strategy–a strategy the large transportation companies, including major airlines, employ. They use this strategy for maximum protection from lawsuits, and so can you.
About the Author