Archives for June 2022

Within their office walls, companies rarely manage to build a cohesive team of employees. This is likely because the working atmosphere there establishes a team that’s solely for work purposes. However, you need your team to maintain open communication even outside the office. This is why you should consider organizing a company retreat in Berlin.

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This city is so diverse that you can find activities that will appeal to each of your employees. Whether your employees love the outdoors or want an adrenaline rush, you’ll find everything you need here. For a full-fledged organization of events, you just have to find ideas for a corporate holiday. You must also think about transportation, but this will not be a problem if you use the service of a charter bus company in Berlin.

We will share inspirational ideas with you. Then, all you have to do is book a bus charter Berlin and go on vacation with your team.

Immerse Yourself in the Virtual World

People from all over the world find the virtual world absorbing. Make your trip to Berlin an opportunity to go on a virtual journey with your colleagues, playing a series of exciting video games with an immersive experience.

You can play several video games that will appeal to your entire team. You will be immersed in beautifully designed games where you will have to work together with the team to complete challenging tasks. The games are multiplayer and therefore you will need to cooperate to win. This experience will be interesting for both beginners and experienced players.

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Plan a Berlin Holiday for Thrill-Seekers

Office routine can absorb every employee. To cheer up and gain energy, it does not hurt to get thrills and raise the level of adrenaline. What about flying without rising into the sky? This will make your blood boil in your veins.

So head to Berlin to skydive with your team. With a bus hire in Berlin, you will quickly reach your destination, where first a team of professional instructors will give you a master class, and then take off into the sky.

You will be able to experience acceleration up to 180 km per hour. It will seem to you as if you jumped out of an airplane with a parachute. This is a great chance for every employee to spread their wings.

Take a High Ropes Course

Another great pastime is a trip to the sky park, where you and your team can test your nerves by climbing the treetops and passing physical tests. This is a great chance to spend time with colleagues in nature engaged in outdoor activities.

For a comfortable trip, use minibus hire in Berlin. During the trip you can discuss what awaits you and choose a route of any difficulty level. An exciting time on the ropes course lies ahead. After that, you can have dinner in a café located in the forest, where you and your team can discuss your experiences.

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Have a Great Time in Berlin with Your Team

In Berlin, you can have a great time with your team. To maintain the team spirit in the city, you can find many activities that will appeal to everyone. All you have to do is find what you want to do and rent a minibus in Berlin to comfortably move your team around the city and keep up with your schedule.

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Running a limited liability company comes with a lot of benefits. Read the article here to learn how you can successfully incorporate your business in Ontario.

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Business incorporation is the process of turning a general partnership or a sole proprietorship into a formally recognized company. An enterprise that goes through this process becomes a legal structure that’s separate from the individual founders. In other words, the company’s resources are set apart from the personal resources of the people who founded it.

The new limited liability company (LLC) changes how the law views the business as a whole. In most cases, this setup also has more credibility with employees and prospective clients. It’s worth noting that the process of incorporation and the laws governing the world of business may vary with government policies. As such, it’s imperative that you research all the requirements beforehand.

The Process of Business Incorporation in Ontario

Incorporating a partnership or sole proprietorship in Ontario isn’t as complicated as many people think. Provided you have all the requirements and understand the necessary steps, you can complete the whole process within a very short time. Read on to learn some of the main steps.

Step 1: Name Registration

The first thing you’ll need to do is come up with a name that is not only unique, but also describes your business adequately. You’d want to use a word or phrase that prints a memorable identity in the minds of the clients. For instance, for Ontario companies as well as companies elsewhere, a word that your target audience can relate to is a perfect option because it’s a lot easier to remember.

Other factors to consider when choosing a business name is where else you will be utilizing it. For instance, in this world and age, it’s important to have a website. The domain of this website should be the company’s name. Therefore, in the selection process, it would be a wise idea to confirm the domain’s availability for every proposed name.

The same goes for social media handles. Having a social media name that matches that of another business can be confusing to customers. While you’re at it, you might also want to keep in mind visual marketing aspects, like logos.

Based on the aforementioned reasons, you can already see why your business name will need to be as unique as possible. However, that’s not to say you should choose a complex word because that will make it difficult for potential clients to remember it.

Step 2: Completing the Documentation

The next step is to ensure that you complete all the necessary forms. The most important document is the Articles of Incorporation. It’s basically a legal document that sets out how a limited liability company will be run within Ontario. The rules and laws presented here are governed by the Business Corporations Act. Another thing to note is that the Articles of Incorporation document is publicly available for anyone to use.

When filling out this form, it’s recommended that you get help from the experts where possible. Even if you’re a trained lawyer, getting independent advice from experienced people in Ontario will ensure that you don’t mess up the details. It will also save you money and time that you would have otherwise used while making corrections in the future.

Step 3: Submitting the Documentation

After filling out all the necessary information, the next step will be to submit your forms. There are a number of ways you could do this, with the most traditional one being physical delivery at a government office. A convenient one, however, would be electronic submission, which can save you time and money.

Many people, however, prefer a third-party processing company to finalize the process. Such firms offer important incorporation services at a fee. Of course, if you go this route, you’re likely to enjoy greater convenience. Since you’ll be served by experts in Ontario, you can ask the necessary questions to avoid future frustrations, too.

Step 4: The Processing Stage

Once you’ve done your part, you can sit back and wait for the Ontario provincial government to assess your documents. If everything checks out and the application is approved, you’ll be given a certificate of incorporation and a Business Identification Number (BIN). After this stage, your business will then be considered an official entity and can only be dissolved through a legally approved process.

Reasons for Incorporating in Ontario

Incorporation might be among the last things on your to-do list, probably because you’re not sure if it’s right for you. But why are many people looking to form a limited liability company rather than running a small individual business? Here are the benefits that seem to attract many entrepreneurs:

Limited Liability

When you start a small business, everything runs through you. As the owner, you’re not only required to invest money but also to ensure that everything is running smoothly and service any existing loans. In case the business fails to clear its debts, a creditor may claim your property and use any means possible to recover their money.

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On the other hand, an LLC runs separately. It isn’t linked to the founders’ personal resources. As such, if the company finds itself in a similar situation mentioned above, the creditor won’t have any legal backing to claim your personal assets as a way of recovering the debts accrued by the business. This is as true in Ontario as it is elsewhere in the world.

This is, therefore, beneficial to you because you can work on stabilizing the company without any worries of losing your personal wealth.

Easier to Transfer Ownership

One thing that many investors consider before choosing where to channel their money is the ease of ownership transfer. It’s quite easy to complete this process in an incorporated business in Ontario because, as a founder, you only own part of the shares and not the company’s assets. As such, all you’ll need to do to transfer ownership is to sell your shares. Such set-ups end up attracting many investors, especially those who are looking for a long-term partnership.

Enhances Credibility

Apart from investors, employees and potential clients are also always looking for a business in which they can partner or work for a long-term period. You might lose many potential business partners no matter how well-performing your sole proprietorship is because it doesn’t hold as much credibility as a corporation.

With an LLC, employees, suppliers, and investors will see that you’re serious and can work with them long term. This level of credibility is crucial for any business success.

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Conclusion

The incorporation of your business can be beneficial to your entrepreneurship career. You’ll enjoy limited liability, higher credibility, and ease of ownership transfer. The process of incorporating a company in Ontario involves name selection, filling out the necessary documentation, and submitting the forms. Once done, you’ll then wait for your business identification number and certificate of incorporation upon the approval of your application.

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Featured image by Blake Wisz on Unsplash

If you’re a small business owner, you know that every dollar counts. That’s why finding ways to save money and optimize your finances is important. One way to do this is by using a small business credit card.

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This is because a business credit card comes with a variety of benefits and can be a valuable tool for any business owner. Here are four important benefits of using a small business credit card:

A Small Business Credit Card Provides Increased Buying Power

Small businesses can use their small business credit card to make larger purchases than they could with just their personal credit rating alone. This is especially helpful for businesses that may have a seasonality to their sales or need to make a large purchase for inventory so they can take advantage of a sale.

In an increasingly competitive marketplace, small businesses need to find ways to stay ahead of the curve and keep up with their larger competitors. A credit card for your company helps you take advantage of volume discounts, special financing offers, and other perks that are typically only available to larger businesses.

You Can Track Expenses More Easily

When you have a credit card for your company, you can more easily track your expenses and keep them separate from your personal spending. This can help you stay organized and on top of your finances. This is especially important for any small business owner. Most credit cards of this type have a variety of features that make tracking expenses easier:

• Easy integration with your accounting tools
• Detailed spend reports that help you see where your money is going
• The ability to set up spending limits and track employee spending
• Automatic payment options that help you stay on top of your bills

These features can help identify areas where you may be able to cut costs or save money.

Build Credit for Your Company with This Card

A small business credit card can also help you build credit for your company. This can be important for getting loans or lines of credit in the future. Your credit card expenses are reported to business credit reporting agencies. This can help you build a positive credit history for your company that helps your company in multiple ways. For example, it could help you get future financing for your enterprise.

The most important thing is to ensure that you:

• Make all your payments on time
• Don’t max out your credit limit
• Keep your balance low

By following these steps, you can help build a strong business credit history. Obviously, this will benefit your company in the long run.

Earn Rewards with a Small Business Credit Card

Image from krakenimages on Unsplash

Many business credit cards also offer rewards programs that allow you to earn points or cash back on your purchases. These rewards can be used to save money on future company expenses, reducing your overall costs. Be sure to compare rewards programs and choose one that offers the best benefits for you.

For example, most rewards can be redeemed for:

• Travel expenses
• Gift cards
• Discounts on offers for products and services

Depending on your spending, you can potentially save a significant amount of money by using a rewards credit card.

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Take Advantage of a Company Credit Card

A business credit card can be a helpful tool for small business owners. By taking advantage of the benefits that a credit card such as this offers, you can manage company finances more effectively and improve your bottom line. You get to see all your expenses in one place. Moreover, you can earn rewards for spending on business-related expenses.

You can also use a business credit card to help build your business credit history. This will indeed be helpful if you ever need to apply for a loan or other type of financing. So, if you’re a small business owner, consider getting a credit card for your company that suits your needs. You may be surprised at how much it can help your company.

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Featured image by cosma

It’s a common saying that money makes the world go round. But does this statement hold true for all facets of the technological landscape? While it is true that many people (and countries) need more money to invest in new technology, there are many benefits of technology in society that require no monetary investment.

Consider These Examples of the Benefits of Technology

For example, recent reports show that private companies have spent more than $500 billion on research and development since 1981. Additionally, examining productivity over time shows an ever-increasing rate between 1870 and today.

Another recent report shows that the population of our planet is growing at the staggering rate of 81 million people per year. This leads us to reasonably estimate that the total tech investments we might require will be $2 trillion annually.

Image Source: The Economist

All of these statistics suggest that while technological investment requires money, there are other factors at play. The simple answer to this question is: yes and no. While having money helps with large investments in tech, it is not necessary for smaller incentives.

From another perspective, in the early stages of property and business ownership, money invested in a new enterprise was a necessity. The amount of capital that went into building an early factory was a crucial tool for economic growth.

But with mobile technology advancing at such a rapid rate, some argue that money is no longer needed for technology to advance into the sophisticated tech we have today. Soon enough, the combination of advanced technologies will have advanced to the point where common people can make their own tech investments on their own terms.

Even though the concept of “money makes the world go round” exists in our everyday lives, it’s important to remember that many other factors shape our modern society, too.

Too Much Money Has an Adverse Effect on the World

Many people believe that money makes the world go round, but this is not true in all cases. There are many ways and situations in which money might actually create more problems than it solves.

The most obvious source of conflict is serious market instability. When there is too much money and not enough exchange value to match it, inflation creeps in. This is a cause for concern for investors and consumers. Low financial returns for investors, or even no return at all, could mean major upheaval for those who want to make investments in technology or simply for the future.

Image Source: The Balance

Environmental issues that occur with too much money in a particular environment affect all of the people who live there directly or indirectly. One of the biggest problems with corporate responsibility is how long it takes for everyone to feel the impact of those decisions.

Money has developed an almost mythic importance in society. It’s often considered as the ultimate source of power, wealth, and success. However, money actually doesn’t make the world go around. Billions of people in the world have been left behind.

This is because money is not a necessary condition for sharing in the wealth, or even for survival. You don’t need to have much or in some cases any money at all to thrive. The natural state of living conditions on this planet allows you to survive and thrive without any monetary investment whatsoever.

But Too Much technology Isn’t Always a Good Thing

Technology makes the world go around. But that doesn’t mean that it’s always a good thing.

All of the advanced technologies we use today were invented to help us solve problems, including many of the problems we create now. Technology is essential for the society in which we live. Therefore, it is inevitable that technology will change how we live and how we interact with each other.

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For example, business leaders once thought of two-way television as a worthy investment. Today it’s virtually useless because nobody watches all those free channels nowadays. Plus, it costs too much money to run.

It’s relevant to consider that even video was once a cutting-edge technology. The first public test happened in 1927. Now we use it every day and hardly even think about where it comes from and how much it costs.

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Conclusion

You can’t afford to ignore the fact that technological progress is happening all over the world. Nowadays, people around the world are investing more and more money in technology because they want to keep up with what’s happening in other regions of the globe.

And so, people generally accept the concept of “money makes the world go round” as a truism. In many cases, this statement goes unquestioned and uncontested because of its apparent common sense. But as we have seen in this post, this is not always true.

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Featured image by Kelly Sikkema from Unsplash

Business runs our world. No matter what your opinions are on the matter, companies provide goods and services to make a profit. They typically take those gains and reinvest them into the company to continue to improve their bottom line. This is the most basic definition that encompasses every potential reason for a business to exist. There are still times when making money for the sake of business growth is not the sole factor for going into business. Enter the non-profit organization.

The purpose of a non-profit is to take the money gained from doing business, and put it back into the community. Non-profits address issues like child hunger or other forms of human suffering.

As the merits of non-profit organizations have continued to be expressed, industries that are typically for-profit have started to get in on non-profit business practices. Non-profit auto insurance companies are just one such example of this trend. 

We’ll cover the many non-profits that have cropped up over the years, along with the benefits of running different types of non-profits. What will we see in the future for non-profits? There’s a lot to discuss, and these are the four most prominent high points for the concept of starting non-profit organizations. 

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1. Introducing Necessities to Those in Need

This is probably the first thing you think about when you contemplate the benefits of a non-profit. Many of these organizations put their resources and funds earned toward helping those who need basic essentials. We’ve all put a few dollars in the red bucket during Christmas when the Salvation Army is standing at the door. 

What people don’t think about is how many non-profits there are that support other things than just food and water. While these are pivotal for all of us to stay alive, there are a lot of other issues non-profit organizations try to help solve through their mission statement. 

Technology

We all know how important technology is to our modern economy. However, many don’t have the opportunity to get in on the revolution. So, if this is something that bothers you, think about starting a non-profit to provide computers to poverty-ridden areas. This will allow people to engage in the technological-business sphere, like making their perfect blog idea come to life. 

Environment

Our environment and our wildlife are in grave danger right now. Human-caused climate change is destroying our planet. Moreover, it’s taking away natural habitats for animals that have lived in the same places for thousands of years. If you are passionate about helping to create cleaner energy, start a non-profit car company that sells eco-friendly vehicles. 

You can find even more non-conventional nonprofit organizations if you are interested in starting your own and want an example of success. Think of something that needs special attention. If you think you can help a section of the population with a non-profit, go for it. 

Quality of Life

If you are interested in helping people get other necessities, like car insurance, think about getting involved in non-profit insurance companies. The policyholders are the ones with the control and the power instead of the bosses upstairs. It seems obvious that something like insurance would benefit from a non-profit model, but it’s taken a while to catch on. 

Furthermore, knowing you’re doing good for the world is one of the most fulfilling things you can do in the world of business. Non-profit organizations do this with sharp ideas and clear execution. 

2. Your Business Could Be Tax Exempt

Many people get dissuaded to start their own business. Mainly because they worry about the taxes that will follow. It can get pricey to answer to the IRS every year, especially if you get into a higher tax bracket. 

Also, starting a non-profit organization is a great way to contribute to your community and get into the business world without giving back to the government. Non–profit organizations are tax exempt under the Internal Revenue Codes. 

The reason non-profit organizations are exempt is that they help do things for society that the government would normally be held responsible for. Non-profits are public-owned institutions. They don’t need to give money back to the public because their entire profits go to public services.  

Make sure you research the tax parameters of your non-profit before just assuming you will be exempt. Some types of organizations still have to pay a section of profits to the IRS in special circumstances. Try to see the factors that will contribute to this possibility and don’t ever assume anything. 

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3. Creativity Can Flourish

There are more restrictions placed on the creative boundaries of traditional for-profit companies. Everything revolves around gaining new customers, whether that is through social media advertising or traditional TV spots. 

When you run a non-profit company, the only pressure you have is to help society and the people around you. This means you can have a larger leash and more creative freedom in getting this mission completed. 

There aren’t shareholders to address. There aren’t end-of-year profit goals to reach. Employees don’t have the pressure of hitting certain benchmarks to keep their jobs. Non-profits give liberties that other businesses don’t have. So, this makes everyone pull the rope in the same direction, and produces better results in the end. 

4. Everyone Is Supportive of the Cause

The working environment of a non-profit is so much more inclusive and encouraging. Furthermore, the type people who work at these places have a passion for the projects being done and the people being helped. They agree with the objectives on the whiteboard every morning. They are there to help their neighbors and their fellow humans, not make money to survive. 

If you want to start a company where all your employees are on the same page as you are, start a non-profit. You are never going to get this quality when you start a traditional business. An enormous benefit to social-cause businesses is the selflessness at the core of the business model. 

So, all these benefits work in unison to create a special experience that helps people around the world. You can have great intentions of helping your community in for-profit businesses, too. Still, they are never going to be as pure or precise in bringing those good deeds to life as a non-profit will. 

Shawn Laib

Shawn Laib writes and researches for the auto insurance comparison site, AutoInsurance.org. He wanted to help entrepreneurs understand the potential business ideas in the non-profit world by sharing this article with us. 

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