Atlantic Storm Tue, 19 Oct 2021 19:46:36 +0000 en-US hourly 1 Atlantic Storm 32 32 What is a sole proprietorship? | Learn more Tue, 19 Oct 2021 19:46:36 +0000

If you are going into business and want to legitimize your business, you will need to incorporate. Often the answer is a sole proprietorship. The simplest and most common form of business ownership, the sole proprietorship is owned by an individual who is responsible for all of the debts of the business. Unlike other business structures, this is not a separate entity from the owner. You are your business and you are your business.

Sole proprietorships make up the bulk of all businesses in the United States. That said, you won’t find any on Wall Street – only corporations can become publicly traded entities. In fact, individual companies do not issue any shares, since there is only one direct interest in the company. Nonetheless, they are worth understanding from an investment perspective.

Here’s a quick look at individual businesses, how they work, and what their structure means to those at the helm.

The advantages of sole proprietorships

Many of the benefits associated with sole proprietorship revolve around the simplicity of establishing and maintaining one. To establish one, individuals simply need to start functioning. There is no tax entity to be established, which means no formal document or registration required.

The cost of operating a sole proprietorship is also minimal. The individual does not have to worry about paying corporate tax, keeping a return, or paying many of the costs associated with setting up a business. The only real costs are those of maintaining the business and, of course, personal income taxes paid on profits.

Speaking of taxes, a sole proprietorship is a tax situation passed on. Because there is no incorporated business, it cannot pay taxes. Instead, the person who operates the business takes responsibility for all taxes paid on profits. Filing taxes involves submitting a Schedule C for business activity along with your year-end or quarterly personal income tax return.

Finally, great ease of use is associated with this simplified business format. Since the individual is business, there is no need to separate bank accounts or assets. Individuals can conduct business related to their personal finances without encountering scrutiny. Although, as we’ll explore in a moment, that’s not always a good idea.

The disadvantages of a sole proprietorship

Sole proprietorships play an important role in the early days of a new business venture. That said, as businesses grow, individual businesses quickly become obsolete. They are not equipped to handle the increased liability potential and financial complexities that come with a growing business.

The biggest disadvantage of a sole proprietorship is the lack of separation between the business and the individual. In the event of legal action against the company or insolvency, these responsibilities are transferred to the person who runs it! This opens the door to unlimited liability. Incorporating the business adds a layer of protection that separates the business and the individual.

Another disadvantage for growing businesses is the inability to raise capital for an unstructured business. Investors want to buy from a legitimate business: not a person. It is almost impossible to raise capital through a sole proprietorship, and many banks will treat loans as personal loans rather than business loans. Unless you are planning on starting your path to success, incorporation is a better way to secure capital.

The transition from ownership to society

As sole proprietorships grow into more mature businesses, owners need to think about transitioning to a different business structure. The larger the financial operations of the business, the greater the personal liability of the owner. A move to an LLC, S-Corp, or C-Corp further legitimizes the business and adds a buffer of protection between owners and their business. In addition, it allows the company to issue shares to partners and investors.

Going from owner to corporate status involves filing with local and state authorities to obtain an Employer Identification Number (EIN), which is used to file company taxes. Sole proprietorship businesses in transition must also file articles of incorporation and other legal documents to secure the business name and register it with tax authorities and other registrars.

Sole proprietorship vs self-employed worker

In the age of the economy of odd jobs and the ease of entrepreneurship, many self-employed people will find themselves running their own businesses. Is operating a sole proprietorship the same as being self-employed? Yes. Just like a freelance writer or contract worker, people who run a sole proprietorship should file a Schedule C next to their Form 1040 when they do their taxes. Schedule C is a record of business income and loss, intended to contextualize the income reported on Form 1040.

The easiest way to start a business

Sole proprietorship is the easiest and most efficient way to start a business. In fact, it’s so simple that many entrepreneurs inadvertently start one on the way to creating something more structured like an LLC. And while most sole proprietorships become incorporated, for a time they were a simple way for aspiring business owners to get their idea off the ground.

And you can learn how to build wealth in your life by making informed business and investment decisions! Just sign up for the Freedom through wealth e-letter below for daily updates on stock market trends and other investment opportunities!

The biggest downside to a sole proprietorship – and the reason it evolves the most into a corporation – is that it comes with unlimited liability. Business owners are responsible for all operating profits and losses and are open to any liability that could affect their personal finances. Moving into an LLC or other corporation isn’t just a sign of business maturity, it’s a sign of mixed responsibility. Until it grows big enough to warrant incorporation, most businesses start out as a budding sole proprietorship: a motivated founder with a great idea.

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Association on American Indian Affairs declares #EVERYTHINGBACK at 7th Annual Repatriation Conference Tue, 19 Oct 2021 19:20:08 +0000

Over the past 100 years, federal Indian law and policy have come a long way from US-funded policies aimed at destroying the structures of autonomy, governance and security of Indigenous nations to forcibly assimilate Indigenous peoples. in its crucible. These federal actions were declared by American leaders as acts of genocide, intended to eradicate and completely eradicate the indigenous nations.

Indian Association of America has been an advocate for the Indian country for the past 100 years, working to reverse the effects of these genocidal and assimilationist policies by changing Indian federal law and policy in favor of self-determination and sovereignty. The Association has had a positive impact on the Indian country through its efforts to support tribal governance reforms, protect the integrity of indigenous family structures, protect sacred places, language revitalization efforts, assist return of stolen cultural heritage and provide meaningful opportunities for indigenous youth to achieve greatness and stay close to culture. Sadly, there is still a lot of work to be done to bring about fundamental and systemic change at the highest levels, and a lot of healing that remains at the local level to improve the health and well-being of Indigenous Nations.

The Association is empowered and guided by the concept of #EverythingBack as an intentional movement towards reconciliation, reparation, return – healing and reparation – of all that has been stolen, taken and looted without free, prior consent. and enlightened. #EverythingBack is about shared values ​​for the environment, diversity, family and community. #EverythingBack is a call to action for the Indian country, our allies and supporters to stand united and demand that the very things that make us who we are as human beings and as self-governing sovereign nations be returned. This movement is for healing for Indigenous nations and their citizens, as well as healing for all of us as we take responsibility in our roles of caring for the Earth and each other.

The return of our ancestors, their grave goods and sacred and cultural objects is an important part of the #EverythingBack movement. Repatriation requires that all parties involved – institutions, collectors, dealers, federal agencies, tribal governments, lawyers, academics – be truth revealers and healers by demanding that each of us be responsible for our past and committed to our future. . This is not only the right thing to do, but repatriation is also governed by various federal, state and tribal laws.

Tribal nations have never given up their inherent sovereignty to maintain their cultures and religions. Thus, it is illegal to have human remains, burial effects, sacred and cultural objects of Native American ancestors unless there is a clear right of possession obtained directly from a tribal nation. It is illegal to sell our looted and stolen items. The Native American Graves Protection and Repatriation Act (NAGPRA) states that agencies and institutions cannot have these items unless they have a “right of possession” – meaning the tribe must have given his voluntary consent to allow such an item to leave the possession of the tribe. Yet there are still 116,000 human remains of ancestors and hundreds of thousands of other grave goods and items of cultural heritage in boxes and drawers held by US institutions and agencies. In addition, auction houses and dealers continue to sell our sensitive cultural heritage items around the world without proper proof that the seller has such a right of possession – and there are very few dealers and houses in the world. auction that will work with Tribes to determine if the items have been looted or stolen.

But the law is evolving to strengthen protections for Native American cultural heritage, as do the perspectives of institutions in the United States and around the world. In the United States, Congress drafted the Preservation of Heritage Objects Act to protect against the export of cultural heritage. The US Department of the Interior is working with Tribes on comprehensive reviews of the NAGPRA regulations. There is also a strong movement to amend NAGPRA to expand compliance and enforcement measures. In other countries, such as the Netherlands, Germany and France, there are decolonization movements to return items that were taken during the time of colonization.

The Association organizes its 7th Annual Repatriation Conference on the theme “Responsible for our past, committed to our future.” The conference will include three weeks of special events, speakers, cultural events, panels and educational opportunities for all those interested in the repatriation of Native American cultural heritage. The conference will provide a welcoming and productive virtual space to tell the truth about the physical, mental, emotional and spiritual burden that Indigenous nations continue to face due to the theft of their diverse cultures and human rights.

For more information on the 7th Annual Repatriation Conference, visit Please also see the most recent agenda on Indian-

You can attend for free thanks to the generous support of our sponsors. Complete our scholarship application by October 25 to receive a link to register for free and have full access to all events, networks and opportunities from November 1 to November 19, as well as access to conference recordings through ‘in February 2022!

And, to see the scholarship request:

Join us on this journey to learn more, find unity and demand #EverythingBack!

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we launched Indigenous News Online because the mainstream media often overlooks the news that is important, it is aboriginal people. We believe that everyone in the Indian country deserves equal access to news and commentary concerning them, their loved ones and their communities. That’s why the story you just completed was free and we want it to stay that way for all readers. We hope you will consider making a donation to support our efforts so that we can continue to publish more stories that make a difference to Indigenous people, whether they live on or off reserve. Your donation will help us continue to produce quality journalism and raise Indigenous voices. Any contribution of any amount, big or small, gives us a better and stronger future and allows us to remain a force for change. Donate to Native News Online today and support independent Indigenous journalism. Thank you.

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Graphic designers now among film and television workers who can get expedited work permits – Philippine Canadian Inquirer Tue, 19 Oct 2021 06:11:15 +0000
A new public policy allows graphic designers working in film and television production in Canada to avoid the lengthy and costly LMIA process. (Photo Pexels)

If you are a graphic designer working on a live movie or TV show, coming to Canada just got easier.

Canada recognizes the value that film and television production brings to the national economy. IRCC makes it easier for graphic designers to come to Canada who are working on films or television shows. As of September 10, 2021, these people no longer need a Labor Market Impact Assessment (LMIA) to obtain a Canadian work permit. This policy will last until March 9, 2022.

Get help with Canadian work permits

If you are a graphic designer wishing to come to Canada, or an employer wishing to hire under this policy, you must apply on or after September 10, 2021. However, you can still benefit from it if you have already come with a work permit but apply to renew it as of September 10th.

This work permit may be suitable for you if you intend to work on at least one live-action television or film production shot in whole or in part in Canada. This can be at the pre-production, production, or post-production stage.

You will also need to provide a letter from the employer or an authorized representative of the employer. This letter must indicate:

  • details of named live television or film productions;
  • that your presence and your work are essential to television or film production;
  • the salary that you will be paid and that it is both the same as stated in the copy of the job posting, and that it is equal to or greater than the median salary for the profession of graphic designer in the specific community , as specified on the Canada Job Bank site;
  • that the television or film production meets the criteria for a federal, provincial or territorial tax credit for television or film production. Otherwise, they may also be recipients of federal, provincial or territorial funding for television or film production.

In general, if you are not a Canadian citizen or permanent resident, you need a permit to work in Canada. If you have a work permit, your employer probably needs an LMIA. LMIA is a process in which your employer demonstrates that hiring a foreign worker will not negatively impact the employment opportunities of Canadians. This means that being exempt from an LMIA requirement is a big plus for an employer or employee.

One of the main routes to work permits exempt from LMIA is the significant benefits route. If the foreign national or employer can demonstrate that hiring from abroad will provide social, economic or cultural benefits to Canadians, a foreign national can accept the position without the need for an LMIA.

Canada is a popular place to make movies. Beautiful landscapes, a favorable exchange rate and modern infrastructure all play a role. In turn, cinema gives a tremendous boost to the Canadian economy. In 2019, the contribution of the film production industry to Canada’s GDP was estimated at well over $ 12 billion.

The new policy removing the LMIA requirement for graphic designers in this area is designed to accelerate the industry’s recovery from the shocks of COVID-19. As of March 2022, the government can extend this policy, make it permanent or cancel it. In the meantime, however, it eases the way for workers and employers to “put the show on the road”.

Get help with Canadian work permits

© CIC Nouvelles All rights reserved. Visit to learn about your Canadian immigration options.

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Introducing the M1 Pro and M1 Max: The Most Powerful Chips Apple Ever Made Mon, 18 Oct 2021 18:03:41 +0000

October 18, 2021


Introducing the M1 Pro and M1 Max: The Most Powerful Chips Apple Ever Made

Powering the all-new MacBook Pro, the new chips feature a 10-core processor, 32-core GPU, 64GB of unified memory, ProRes acceleration, and industry-leading energy efficiency.

CUPERTINO, CALIFORNIA Apple today announced M1 Pro and M1 Max, the next breakthrough chips for Mac. By extending M1’s transformational architecture, M1 Pro delivers amazing performance with industry-leading energy efficiency, while M1 Max takes these capabilities to new heights. The processor of M1 Pro and M1 Max offers up to 70% faster processor performance than M1, so tasks like compiling projects in Xcode are faster than ever. M1 Pro’s GPU is up to 2x faster than M1, while M1 Max is up to 4x faster than M1, allowing business users to navigate the most demanding graphics workflows.

M1 Pro and M1 Max introduce a system-on-a-chip (SoC) architecture for the first time in professional systems. The chips feature fast unified memory, peak performance per watt and incredible power efficiency, along with increased bandwidth and memory capacity. M1 Pro offers up to 200 GB / s of memory bandwidth with support for up to 32 GB of unified memory. M1 Max offers up to 400 GB / s of memory bandwidth – twice that of M1 Pro and almost 6 times that of M1 – and supports up to 64 GB of unified memory. And while the latest PC laptops surpass 16GB of graphics memory, this massive amount of memory enables graphics-intensive workflows previously unimagined on a laptop. The efficient architecture of the M1 Pro and M1 Max means they deliver the same level of performance whether the MacBook Pro is plugged in or using the battery. M1 Pro and M1 Max also feature enhanced media engines with dedicated ProRes accelerators specifically for professional video processing. M1 Pro and M1 Max are by far the most powerful chips Apple has ever built.

“M1 has transformed our most popular systems with incredible performance, custom technologies and cutting-edge energy efficiency. No one has ever applied a system-on-chip design to a professional system until today with M1 Pro and M1 Max, ”said Johny Srouji, senior vice president of hardware technologies at Apple. “With massive CPU and GPU performance gains, up to six times the memory bandwidth, a new media engine with ProRes accelerators and other advanced technologies, M1 Pro and M1 Max take Apple’s silicon even further and look like nothing else in a pro notebook. “

M1 Pro: a whole new level of performance and capabilities

Using advanced 5 nanometer processing technology, M1 Pro contains 33.7 billion transistors, more than twice the amount of M1. A new 10-core processor, comprising eight high-performance cores and two high-efficiency cores, is up to 70% faster than the M1, which translates into incredible pro processor performance. Compared with the latest 8-core laptop chip, M1 Pro offers up to 1.7 times more CPU performance at the same power level and achieves the maximum performance of the PC chip using up to 70% d less energy.1 Even the most demanding tasks, like high-resolution photo editing, are handled easily by the M1 Pro.

M1 Pro has an up to 16-core GPU which is up to 2x faster than M1 and up to 7x faster than the integrated graphics on the latest 8-core laptop chip.1 Compared to a powerful discrete GPU for PC laptops, the M1 Pro delivers more performance while using up to 70% less power.2 And M1 Pro can be configured with up to 32GB of fast unified memory, with up to 200GB / s of memory bandwidth, allowing creatives like 3D artists and game developers to do more on the go than never.

M1 Max: the world’s most powerful chip for a business laptop

M1 Max has the same powerful 10-core processor as M1 Pro and adds a massive 32-core GPU for graphics performance up to 4x faster than M1. With 57 billion transistors – 70% more than M1 Pro and 3.5 times more than M1 – M1 Max is the largest chip ever built by Apple. In addition, the GPU offers performance comparable to that of a high-end GPU in a compact business laptop while consuming up to 40% less power, and performance similar to that of the high-end GPU in a compact business laptop. larger PC laptops while using up to 100 watts in less power.2 This means less heat is generated, the fans run quietly and less often, and the battery life is incredible in the new MacBook Pro. M1 Max transforms graphics-intensive workflows, including complex timeline rendering up to 13x faster in Final Cut Pro compared to the previous generation 13-inch MacBook Pro.

M1 Max also offers higher bandwidth fabric-on-chip and doubles the memory interface compared to M1 Pro up to 400Gb / s, nearly 6 times the memory bandwidth of M1. This allows M1 Max to be configured with up to 64 GB of fast unified memory. With its unmatched performance, M1 Max is the most powerful chip ever designed for a business laptop.

Fast and efficient multimedia engine, now with ProRes

M1 Pro and M1 Max include an Apple-designed media engine that speeds up video processing while maximizing battery life. M1 Pro also includes dedicated acceleration for the professional ProRes video codec, allowing playback of multiple streams of high quality 4K and 8K ProRes video while using very little power. M1 Max goes even further, offering video encoding up to 2x faster than M1 Pro, and has two ProRes accelerators. With M1 Max, the new MacBook Pro can transcode ProRes video in Compressor up to 10 times faster than the previous generation 16-inch MacBook Pro.

Advanced technologies for a complete pro system

M1 Pro and M1 Max both feature advanced custom technologies that help take professional workflows to the next level:

  • A 16-core neural engine for accelerating machine learning on the device and improving camera performance.
  • A new display engine drives several external displays.
  • Additional integrated Thunderbolt 4 controllers provide even more I / O bandwidth.
  • Apple’s Custom Image Signal Processor, along with Neural Engine, uses computer video to improve image quality for sharper video and more natural skin tones on the built-in camera.
  • Industry-leading security, including Apple’s latest Secure Enclave, hardware-verified secure boot, and anti-exploit runtime technologies.

A big step in the transition to Apple Silicon

The Mac has now embarked on its two-year transition to Apple silicon, and M1 Pro and M1 Max represent another huge step forward. These are the most powerful and capable chips Apple has ever created, and together with M1, they form an industry-leading family of chips in performance, custom technologies, and energy efficiency.

macOS and apps unleash the capabilities of M1 Pro and M1 Max

macOS Monterey is designed to unleash the power of M1 Pro and M1 Max, delivering breakthrough performance, phenomenal pro capabilities, and incredible battery life. By designing Monterey Silicon for Apple, the Mac instantly wakes up from sleep mode and the entire system is fast and incredibly responsive. Development technologies like Metal allow applications to take full advantage of new chips, and optimizations in Core ML use the powerful Neural Engine so machine learning models can run even faster. Pro app workload data is used to help optimize the way macOS assigns multithreaded tasks to processor cores for maximum performance, and advanced power management features intelligently distribute tasks between performance and efficiency cores for incredible speed and range.

Combining macOS with M1, M1 Pro, or M1 Max also provides industry-leading security protections, including hardware-verified secure boot, runtime anti-exploitation technologies, and fast, online file encryption. All of Apple’s Mac apps are optimized for – and run natively on – Apple silicon, and there are over 10,000 universal apps and plugins available. Existing Mac apps that have not yet been updated to Universal will work seamlessly with Apple’s Rosetta 2 technology, and users can also run iPhone and iPad apps right on the Mac, opening up a whole new world. immense possibilities.

Apple’s commitment to the environment

Today, Apple is carbon neutral for the operations of global companies and, by 2030, expects to have zero net climate impact across the enterprise, which includes manufacturing supply chains and all product lifecycles. It also means that every chip created by Apple, from design to manufacturing, will be 100% carbon neutral.

About Apple

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple is the world leader in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s five software platforms – iOS, iPadOS, macOS, watchOS, and tvOS – deliver seamless experiences across all Apple devices and provide users with revolutionary services including the App Store, Apple Music, Apple Pay, and iCloud . Apple’s 100,000+ employees are dedicated to making the world’s best products and leaving the world a better place than we found it.

  1. Tests carried out by Apple in August and September 2021 on prototypes of 16-inch MacBook Pro with Apple M1 Max, a 10-core processor, a 32-core GPU and 64 GB of RAM, and prototypes of 16-inch MacBook Pro with Apple M1 Pro, 10-core processor, 16-core GPU and 32 GB of RAM. Performance measured using certain industry standard benchmarks. 8-core laptop chip performance data from MSI GP66 Leopard (11UG-018) testing. Performance tests are performed using specific computer systems and reflect approximate performance of the MacBook Pro.
  2. Tests carried out by Apple in August and September 2021 on prototypes of 16-inch MacBook Pro with Apple M1 Max, a 10-core processor, a 32-core GPU and 64 GB of RAM, and prototypes of 16-inch MacBook Pro with Apple M1 Pro, 10-core processor, 16-core GPU and 32 GB of RAM. Performance measured using certain industry standard benchmarks. Discrete notebook graphics performance data from Lenovo Legion 5 (82JW0012US) testing. High-end discrete PC notebook graphics performance data from MSI GE76 Raider (11UH-053) testing. Performance data for compact business laptops from the Razer Blade 15 Advanced (RZ09-0409CE53-R3U1) test. Performance tests are performed using specific computer systems and reflect approximate performance of the MacBook Pro.

Press contact

Jennie Orphanopoulos


(408) 221-6621

Apple Media Support Line

(408) 974-2042

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Lara Responds to FAIR Plan Continuation Regarding Improved Homeowners Policing Order Mon, 18 Oct 2021 13:42:48 +0000

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Insurance Commissioner Ricardo Lara responded to the California FAIR Plan Association lawsuit challenging Lara’s recent order ordering the plaintiff to offer a home insurance policy covering water damage, theft and loss of use in addition damage from the current home fire, saying the group puts profits before consumer needs.

In the lawsuit filed in Los Angeles Superior Court on Thursday, the Fair Plan says the Sept. 24 order is “the commissioner’s attempt to require the FAIR Plan to sell its new home insurance policy is against the law. explicit objectives underlying the FAIR Plan Act to ensure stability. in the property insurance market for property located in the State of California.

Lara’s office refuted the claims in a statement on Sunday.

“The insurance industry that manages the FAIR plan is once again putting its profits before the needs of California consumers,” the statement said. “Forcing its policyholders to purchase separate liability and content insurance policies, often from the same insurance companies that gave up coverage in the first place, only increases the price for consumers.”

The goal of the FAIR plan is to take all comers and Lara believes it “is not achieving its goal and mission to be there for consumers when they need it most,” according to the statement, which further stated that Lara “will not let go until Californians have the coverage options they need.

But according to the FAIR plan lawsuit, in issuing her order, Lara “did not take into account the significant costs that would be incurred by the FAIR plan in having to comply with this order and the harm that would result to FAIR plan customers,” FAIR plan employees and the insurance industry.

The FAIR plan asks a judge to order Lara to cancel her order.

The FAIR Plan is a joint association formed by insurers authorized to take out basic property insurance. Lara’s order directs the FAIR plan to submit a revised plan of operations to the Insurance Department within 30 days.

Lara’s directive will give approximately 200,000 Californians who currently rely on the FAIR plan to protect their homes a more comprehensive option on top of the minimum coverage the FAIR plan currently offers on Monday, according to a statement from Lara’s office.

In addition, requiring the FAIR plan to offer a more comprehensive home insurance policy “will prevent consumers from having to purchase a second supplemental insurance policy to cover other risks such as property civil liability, property damage. ‘water and theft,’ according to Lara’s office.

But according to the lawsuit, requiring the FAIR plan to offer the specified type of home insurance policy will “have a serious impact and destabilize the normal insurance market for full (basic) home insurance policies.”

The FAIR plan will not act as the market of last resort, but rather as a competitor who offers a home insurance policy with less coverage than would be available in the voluntary market, the lawsuit alleges.

“All other things being equal, California customers will be encouraged to take out the Commissioner’s new home insurance policy … which will destabilize the property insurance market,” the lawsuit said.

The order is also “irrational” in that it is geographically unlimited as the policies will be available for sale in areas unaffected by forest fires and in which there is no need for registration. alternative to the FAIR plan, indicates the pursuit.

Lara Responds to FAIR Plan Continuation Regarding Improved Homeowners Policing Order was last modified: October 18, 2021 through Contributing editor

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Bangladesh Bank authorizes receipt of remittances through OPGSPs Mon, 18 Oct 2021 12:36:49 +0000