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Franklin Business Lawyer on Forming a Corporation in Tennessee

In Law Firm on August 10, 2019 at 12:14 pm

Boyd LawForming a legal corporation is one way to take your business to the next level. This type of structure is especially beneficial for small businesses in a growth pattern since, as Franklin, Tennessee business lawyer Brian T. Boyd points out, it limits the financial liability of the business owner. We recently sat down to chat with Mr. Boyd, who generously offered insight on the process of forming a corporation in Tennessee.

Q: When does it make sense to form a corporation?

Brian T. Boyd: I think it is a wise choice any time a business owner wants to separate their personal assets from those of their business. When your business goes from sole entrepreneur to corporation, you have some protection if your efforts fail. You are less likely to lose your home, car, and personal cash reserves. 

Q: How does a business owner begin the process?

Brian T. Boyd: I would first start with consulting a business lawyer. In Franklin and the surrounding areas, this person can assist with ensuring the business name is registered correctly with the state. Further, an experienced attorney will know how and when to file the charter.

Q: What is a charter?

Brian T. Boyd: This is simply the document needed to launch the corporation as a legal entity. It contains information such as the business name, stock structure, address, a statement of profit-seeking status. 

Q: Can a business keep the name it launched with?

Brian T. Boyd: Often, yes. However, the name must be available in the state of Tennessee. A Franklin business lawyer can help with determining if the preferred name is available. They do this by searching the Secretary of State’s website. If it is not a usable name, the business owner must use something else. Additionally, the full legal name must contain “company,” “corporation,” or “incorporated” in the title. Abbreviations of these are also acceptable.

Q: What is an incorporator?

Brian T. Boyd: This is the person, usually the business’s founder, that files the charter.

Q: What is the difference between a registered agent and a director?

Brian T. Boyd: A director is an individual appointed to a role of responsibility within a corporation. Many companies have multiple directors, which sit on a board and make decisions about the business’s operations. A registered agent is the designee for official correspondence. It is not uncommon in Franklin for a director to also be a registered agent. A business lawyer can explain more regarding the roles of each title. 

Q: How does an incorporator draft bylaws and a corporate purpose?

Brian T. Boyd: In Tennessee, a business owner is not required to create a specific corporate purpose. By default, their purpose is to engage in lawful for-profit business operations. Bylaws are also not heavily regulated, although they must be adopted by the corporation, and they have to be consistent with local laws and the initial charter.

Q: How much does it cost to incorporate a business in Tennessee?

Brian T. Boyd: Currently, the cost to file a charter is $100. Further, businesses are required to pay state and federal income taxes. In addition to these, companies are not exempt from paying property taxes in Franklin. A business lawyer and an accountant can help individual business owners determine their estimated taxes, operational costs, and other expenses.

For more information on Franklin-based business lawyer Brian T. Boyd, visit BoydLegal.co.

Audi Maintenance and Repair: Nashville Shop Answers Your Questions

In Automotive on July 3, 2019 at 8:59 am

GPO TuningGerman Performance Options (GPO Tuning) is your premiere garage for Audi repair, maintenance, tuning and service in Nashville. Today, the shop, which specializes in high-end European imports, answers some common questions about how to maintain your Audi, and when it’s time to have it in for a checkup.

Q: Why is it important to use a shop that specializes in Audi repair?

GPO Tuning: Every vehicle has a specific set of internal components. As such, no two makes or models are exactly alike. Each manufacturer has a specific idea of what works best, and import vehicles are often very different than domestic cars and trucks. For this reason, it makes sense to partner with a mechanic that is intimately knowledgeable about your specific car. Think of it is going to a specialist for your own health – you would not visit a dermatologist to treat foot and ankle problems. Likewise, it is usually best to find a mechanic that has in-depth experience in Audi service. In Nashville, we like to think that we provide the most comprehensive set of services for Audi vehicles.

Q: What are some common problems in Audi vehicles?

GPO Tuning: One of the most relevant issues that we see is among new owners who do not understand that a turbo engine must be maintained differently than a standard one. When changing the oil, which is an important Audi service, Nashville vehicle owners should request a full synthetic, and have the oil changed according to vehicle specifications.

Q: When should the coolant system be checked?

GPO Tuning: Technicians at our Audi repair shop in Nashville recommend having your coolant levels checked and coolant tested each time you are in for an oil change. If you believe that you have a coolant leak, our service center is available to check the reservoir. Often, coolant leaks initiate toward the rear of the motor, making them difficult to detect.

Q: It has been said that Audis often have electrical issues. Is this true?

GPO Tuning: It is not uncommon for certain models to have issues supplying sufficient power to the electrical system. Sometimes, this can result in intermittent window operation. Others, the trunk may not close properly or the sunroof will not respond. When this happens, it is time to seek immediate Audi repair. Nashville drivers cannot afford for their vehicles to become inoperable, so the sooner you can schedule service, the better.

Q: How often should the braking system be inspected?

GPO Tuning: This largely depends on your vehicle and driving habits. However, it is typically advised to have the brake fluid swapped out every three years, or at the 30,000-mile mark. If you drive in stop and go traffic, you may need to change your fluid, brakes, and rotors more often to avoid expensive and premature Audi repair. As Nashville traffic continues to get more and more congested, your braking system becomes even more crucial to your safety.

Q: How can I find out more about my vehicle?

GPO Tuning: The first place we would suggest is looking at your owner’s manual. If you do not have one, contact your dealer for a replacement. They will need your vehicle identification number (VIN) to provide you with the proper documents.

Nashville’s GPO Tuning was founded in 2003 and offers white-glove service for your German import. We specialize in Audi repair and service and take pride in offering competitive rates without sacrificing quality. Visit http://www.gpotuning.com or call 615-392-5498 for more information.

Everest Gymnastics Answers Questions About Performance Improvement

In Sports on June 28, 2019 at 1:24 pm

Everest GymnasticsImprovement is the ultimate goal of any gymnast. But, making progress on the bars, beam, vault or mat is not just a matter of want, it takes work. Keep reading as the coaches from Everest Gymnastics open up about the secret to improving gymnastics skills.

Q: What should an athlete do before practicing a gymnastics routine?

Everest Gymnastics: Warm up. A proper warm-up routine should begin with mild cardiovascular exercises. Next, stretching will help to ensure the muscles do not become overworked and that the joints are properly primed and ready to bend and flex.

Q: Is there a right way to do a handstand?

Everest Gymnastics: Yes, actually. Many beginning gymnasts find that they have more stability with an arched back. However, this form can take a toll on the spine. A proper handstand means your feet are directly over your head in as straight a line as possible. The stomach should be pulled in, and the toes pointed to the sky.

Q: How should a gymnast prepare for more advanced moves on the mat?

Everest Gymnastics: Even young gymnasts can do a cartwheel or handstand. However, movements such as a back walkover require a bit more concentration. We would suggest mastering all of the fundamentals before advancing. Learning how to do the splits – and practicing regularly — will also help as it improves flexibility.

Q: Do you suggest athletic tape?

Everest Gymnastics: Absolutely. Athletic tape is extremely flexible and can support the joints during gymnastics events, including the mat, bars, and balance beam. 

Q: How much time should an athlete practice when they are not at the gym?

Everest Gymnastics: We do not encourage practicing skills at home because there is so much room for error. Having a coach nearby ensures that the student gets immediate feedback and can correct their form as needed to help prevent injuries. We do, however, encourage regular exercise and stretching at least a few times each week, and especially when students miss a class. 

Q: What is the best way for a beginning gymnast to practice moves on the beam?

Everest Gymnastics: The beam can be a scary place for young students, and we recommend practicing on the mat to improve confidence. To do this, apply a 4-inch wide strip of tape to the mat and pay attention to where your feet land.

Q: Is there a secret to becoming the best?

Everest Gymnastics: Being “the best” takes countless hours of practice and uninterrupted dedication to gymnastics. It also requires a bit of natural talent and the right instructors to help hone an athlete’s skills. All students, however, can improve by simply recording their progress and making note of areas that need improvement.