Kevin Legal Advice

Looking to do a management courses? Here is a review of MBA schools for you.

Bangalore Management Academy (BMA):

The new breed of Indians sees opportunities everywhere. While we’re still a careful culture, we’ve come to believe in acceptable risks, for rewards. This is why even as financial legends topple in the West, young Indians are already preparing for the next wave of prosperity, led by the Asian giants – India China.

It is at places like The Bangalore Management Academy that young, aspiring professionals are groomed to take on the mantle of the next generation of global leaders, to build tomorrow, on the remarkable accomplishments of today’s Indian Business giants.

BMA is a new management Institution that they choose to apply more than the tried and tested traditional methods to education. The institution has well-earned reputation for providing globally recognised Master’s and Bachelor’s degrees in a truly international academic environment. The curriculum, faculty, teaching methods, facilities, infrastructure – all measure up to the highest international bench mark and maintained through superb educational alliances with the best universities and institutions around the world, such as the Bharathidasan Institute of Management (BIM Trichy), the Edith Cowan University (Australia), the University of Aberdeen School of Law (UK), the Asia Pacific University College of Technology and Innovation (Malaysia), the Retailers Association of India (RAI), the Pondicherry University (PU) and the Singapore Human Resources institute (SHRi).

These tie-ups imply that BMA now offers various kinds of MBA programmes, as well as MA degrees including law and technical degrees. The Singapore Human Resources institute (SHRi) alliance offers Indian professionals qualifications from Singapore’s internationally renowned HR accreditation authority.

Institute for Financial Management and Research (IFMR):

Established in 1970 as a non-profit organization, The Institute for Financial Management and Research (IFMR), Chennai, is a leading business school, aiming to train and develop globally competitive managers to serve the needs of the Indian industry. Its curriculum is a mix of theory and simulated real life exposure, so its graduates are equipped to meet all kinds of challenges. Sponsored by ICICI, the House of Kotharis and other major industrial groups, and with the Finance Secretary, Government of TamilNadu and the Vice Chancellor of the University of Madras are ex-official board members. IFMR is recognised as a Social Science Research Institute by the Department of Scientific and Industrial Research, Government of India, and is approved as an institution of national importance by the Ministry of Finance. The faculty members have worked and consulted with both national and international organizations. The students too, are involved in these projects, ensuring a continuous interaction with industry. IFMR has a University of Madras approved Ph.D. degree in Finance and Economics. IFMR emphasizes a global perspective as to bring in the best international practices. It also believes in forging strong links with the industry in the development of teaching material, research, student projects, placement and consultancy services. The stress is on leadership with ethics. The approach to learning seeks to prepare students to be effective managers in the face of changes in management theory and practices as well as in the external environment. IFMR helps students realize their potential through active involvement in the learning process-they learn how to take decisions and meet stringent deadlines through assignments, cases, role-play, projects and simulated real life situations.

CSR-GHRDC B-School Survey 2008: New Emerging Potential and Promising B-Schools

Name of the B-Schools (alphabetically)

Competition Success Review 2008.

When I first started thinking about beginning an online business, I didn’t think about the legalities. I knew I wanted to make some extra money. Lots of money! Sound familiar? So, I began doing some research. One day I ran across the headline of an article that I will never forget. It read, “Your Business; Get Legal Or Get Cheated”! As if that were not scary enough, there was more to come. As I began to skim the page, I was horrified to see the words, “Tax ID number.” Tax ID number? I don’t know anything about that! At that moment, I thought the dream of owning my own business was just that, a dream. I began to read more of the article and it actually sounded pretty simple. I was surprised to find how simple it really was. There are two things you must have in order to make your business legal.
The first thing you need to do is file your business name with your state. This is referred to as a Doing Business As (DBA) or Fictitious Name depending on your state of residence. It is as simple as going down to your local County Office building to register your business name. You will be charged a fee. I payed $19 in my county which is in North Carolina. You will need to find out the cost of the fees in your county. You can also file a corporation with your state. All states have a website that gives information about this. Most of the time you can even file online. A corporation will give you more protection for your business but is more expensive.
The second thing you need to do is obtain a Tax ID number. Most states require you to have one. In my state it is called a Sales Tax and Use Certificate. In other states it could be called a Seller’s Permit. What is the purpose of this number? It allows you to collect sales tax on items you sale within your own state. You will use this to file and pay taxes on the items that you sell. You can obtain a Tax ID number by visiting your local State Tax office. You should be able to complete the process and have your number within minutes for a minimal fee. Since the process was still a little scary for me, I went to see my accountant and he filed the papers for a fee of $25. I thought it was worth every penny not fill out the forms myself. If you buy products from a wholesaler, you will need to give them a copy of your Sales and Use Tax Certificate or Seller’s Permit. This proves to the IRS that they are not required to charge you tax on products that they sell to you for wholesale prices.
So, there you have it! Those are the two things you will need to make your business legal. Not too scary and painful, I hope. Easier and cheaper than you thought, right? There are a couple of other things to consider when starting your business, especially if you are serious about making money online.
Opening a business bank account is optional, but I highly recommend that you do. For a while, I didn’t have one. You will need the documents with your business name. Most banks offer business accounts and only require a deposit of $50 to $100. I opened a free business checking account. It included 175 transactions per month without being charged extra and no minimum balance was required to keep the account open. If you need more transactions there are other options available. Shop around for the best deals. One thing to take into consideration is convenience. For instance, if you spend a lot of time in other towns or states, make sure you open an account with a bank in those locations if possible.
If you are going to do business online you are going to need a merchant account to accept credit card payments from your customers. You will not be able to earn much money without one. People who shop online use credit and debit cards to get what they want as quickly as possible. A merchant account will collect payments from your customers and deposit them into your business bank account. When applying, you will need to supply all of the information I have discussed in this article. There are, of course, fees for using a merchant account. There will be a one time fee to set up an account. This amount can vary from a couple of hundred to a few thousand dollars depending on your needs and who you choose to set up your account. You will also be charged an average of 2.2% of the amount charged to your customer’s credit card plus around 30 cents for each transaction. This is what my bank would charge if I opened a merchant account with them. You will need to shop around to find the best rates and plan for you. I do not have a merchant account but am still able to accept payments online. I currently use Paypal to accept transactions. Go to their website to read about what they have to offer. It has it’s advantages and disadvantages, but I digress. That is another topic.
I hope you enjoyed reading this article and found it to be helpful in your business endeavors. I wish you the best of luck on your journey to success!

If you are running a home business you know that there is so much more to being successful than simply hanging out a shingle advertising your availability. After all, you know that there are stringent rules and regulations with respect to the formation of a business and you do know that failure to follow these legal guidelines could result in problems of a variety of kinds, all of them costly.
Yet did you know that in spite of your best efforts to keep all your activities legal, you might still be breaking some laws? For example, while you know that you are required by law to observe important health and safety codes when opening your home beauty salon, did you know that you need to obtain specific licensure from the state and even county to do so?
Beauticians must be licensed so as to ensure that they are considered well qualified by the board that oversees this business, and it makes no difference if you work in a big salon or for yourself as part of your home business. Make sure you have the licenses you need and display them as directed. Another area that many home business owners neglect to peruse is the topic of insurance.
While you most likely carry some home owners insurance, do you also have insurance for your business? Do not think that your home owners policy will cover the fall of a customer who visits you as part of your doing business. As a matter of fact, many policies specifically exclude home businesses from their home owner coverage.
Thus, it is imperative that you not only read your policy and understand the limitations but that you also understand what kind of coverage you will need to protect yourself and your clients. Bonding is another tricky question that many home business owners may not know they need. If you are a notary public, for example, you will require bonding.
The same could be said for any other kind of business that carries the risk of making grievous errors which could result in extreme legal consequences. To protect your personal assets from being awarded to someone in the case of a lawsuit, it is wise to go ahead and be bonded to prevent any of your own money to become part of a potential judgment. A rarely considered question of legality crops up when it comes to signage for your home business.
If you live in a covenant controlled community, you will already be familiar with the fact that not everything is permitted. Yet the city and county also may have rules and regulations when it comes to the size, color and number of signs advertising your home business. Failure to comply with these rules will result in costly fines and a loss of your signs.