Friends University to purchase, renovate buildings in Delano
<img src='http://assets.bizjournals.com/wichita/blog/friends%20university%20building*100.jpg?v=1'>The Friends University art department will move off campus next year following the $3.5 million purchase and planned renovation of the historic Farmers State Bank building in the Delano District. Friends President T.J. Arant announced Thursday afternoon that the university is purchasing the building at 930 W. Douglas and a connected warehouse space at 122 N. Walnut. The money is coming from the university?s capital reserve funds. The buildings sit at the northeast corner of Walnut and Douglas,...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=edNFYWlCKHw:vJBAYavgmew:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=edNFYWlCKHw:vJBAYavgmew:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=edNFYWlCKHw:vJBAYavgmew:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=edNFYWlCKHw:vJBAYavgmew:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=edNFYWlCKHw:vJBAYavgmew:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=edNFYWlCKHw:vJBAYavgmew:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Boyd-Peninsula deal won?t affect state?s stake in Kansas Star Casino
<img src='http://assets.bizjournals.com/wichita/print-edition/kansas%20star%20casino%20construction*100.jpg?v=1'>The state of Kansas and local governments shouldn?t notice any change after the planned acquisition later this year of Peninsula Gaming LLC, which operates the Kansas Star Casino in Mulvane. Las Vegas-based Boyd Gaming Corp. announced Wednesday that it has an agreement to buy Dubuque, Iowa-based Peninsula in a deal valued at $1.45 billion. Peninsula operates four other casinos, too, with a pair each in Iowa and Louisiana. Peninsula operates the casino on behalf of the Kansas Lottery, which owns...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=MFwxGUROTRU:Hw0TmaTIqok:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=MFwxGUROTRU:Hw0TmaTIqok:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=MFwxGUROTRU:Hw0TmaTIqok:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=MFwxGUROTRU:Hw0TmaTIqok:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=MFwxGUROTRU:Hw0TmaTIqok:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=MFwxGUROTRU:Hw0TmaTIqok:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Hawker Beechcraft finds sales success at EBACE
<img src='http://assets.bizjournals.com/wichita/news/hawker-beechcraft-blue-logo-web*100.jpg?v=1'>Hawker Beechcraft Corp. on Thursday said it secured a total of 11 sales, worth more than $120 million, at the European Business Aviation Convention and Exhibition. The orders include three orders for its Hawker 4000 business jet, six King Air 350i orders, and orders for one Hawker 400XPR and one King Air 250. ?EBACE 2012 has been an inspiring show for us, underscoring that this region of the world is important to the growth of business aviation and that Hawker Beechcraft has highly sought aircraft...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=d04lqShKblg:NGBT2EfTwNc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=d04lqShKblg:NGBT2EfTwNc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=d04lqShKblg:NGBT2EfTwNc:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=d04lqShKblg:NGBT2EfTwNc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=d04lqShKblg:NGBT2EfTwNc:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=d04lqShKblg:NGBT2EfTwNc:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Analysts see Chevron as top potential Chesapeake buyer
<img src='http://assets.bizjournals.com/albuquerque/chevron-logo-315*100.jpg?v=1'>Chesapeake Energy Corp. has come under fire recently for its financial structure, but that doesn?t mean there would be a shortage of companies interested in buying the energy giant. And the top candidate, according to a report from the Financial Times, could be Chevron Corp. Other candidates could include France-based Total and BHP Billiton of Australia. Investor Carl Icahn is also mentioned as a potential buyer, as are Devon Energy, Apache Corp. and Occidental Petroleum Corp. Chesapeake (NYSE:...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=xdq5kAdQ1AU:enD25pvnZUw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=xdq5kAdQ1AU:enD25pvnZUw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=xdq5kAdQ1AU:enD25pvnZUw:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=xdq5kAdQ1AU:enD25pvnZUw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=xdq5kAdQ1AU:enD25pvnZUw:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=xdq5kAdQ1AU:enD25pvnZUw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Meet the small-business contenders in Social Madness
<img src='http://assets.bizjournals.com/wichita/blog/socialmadness/abode%20venue*100.jpg?v=1'>The nomination period has drawn to a close, and we?re ready to kick off our Social Madness competition, sponsored by Spark Business from Capital One, on June 1. But before tip-off, it?s time to meet our competitors. Participants in the contest are broken into three categories based on number of employees: ? Small (fewer than 100 employees) ? Medium (100 to 499 employees) ? Large (500 or more employees) Today we?ll feature the small-business competitors. Click through the slideshow...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=g1wYISNENZQ:-jV9A_esLME:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=g1wYISNENZQ:-jV9A_esLME:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=g1wYISNENZQ:-jV9A_esLME:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=g1wYISNENZQ:-jV9A_esLME:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=g1wYISNENZQ:-jV9A_esLME:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=g1wYISNENZQ:-jV9A_esLME:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Southwest National Bank set to expand farther west
<img src='http://assets.bizjournals.com/wichita/print-edition/1q%20banks_minard%20trish*100.jpg?v=1'>Southwest National Bank will open a new west-Wichita branch in July, taking over a location now held by Sunflower Bank. Sunflower announced in January that it would close the location in mid-June. Southwest National Bank ? which will lease the site at 8760 W. 21st St., at Tyler Road, from Builders Inc. ? takes possession of the building July 1 and hopes to move in by mid-month. ?As soon as we can, we?ll open,? says Trish Minard, president and CEO of Southwest National. Southwest plans...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=QS-zKsPBzCc:c97bMMPGSbQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=QS-zKsPBzCc:c97bMMPGSbQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=QS-zKsPBzCc:c97bMMPGSbQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=QS-zKsPBzCc:c97bMMPGSbQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=QS-zKsPBzCc:c97bMMPGSbQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=QS-zKsPBzCc:c97bMMPGSbQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Friends University calls afternoon news conference for announcement in Delano District
<img src='http://assets.bizjournals.com/wichita/news/friends-university-logo*100.jpg?v=1'>Friends University has scheduled a Thursday afternoon news conference to make a ?special university announcement? in the Delano District, west of downtown. The news conference is scheduled for 3 p.m. at La Galette, a cafe at 1017 W. Douglas, near Seneca Street. However, it appears that the restaurant is just a meeting place and the actual announcement will take place nearby. Check back later this afternoon for more information about the university?s announcement.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=W-qjhk9l7G4:ppC92r91mH4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=W-qjhk9l7G4:ppC92r91mH4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=W-qjhk9l7G4:ppC92r91mH4:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=W-qjhk9l7G4:ppC92r91mH4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=W-qjhk9l7G4:ppC92r91mH4:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=W-qjhk9l7G4:ppC92r91mH4:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Wichita posts slight job increase for the year
<img src='http://assets.bizjournals.com/boston/news/0902-jobs-help-wanted-sign-stock-315*100.jpg?v=1'>Wichita has tended to lag behind the rest of the country in both entering and exiting recessions, and that trend appears to be continuing even as the metro area adds some jobs. The area added about 1,900 jobs from March 2011 to March 2012, according to data from the U.S. Bureau of Labor Statistics. That?s a 0.67 percent increase, and it puts Wichita?s growth rate at 73rd among the nation?s 100 largest metros, according to an analysis from On Numbers, a blog affiliated with the Wichita Business...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=VcV7wBpzmPI:OY7eKC3zS_c:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=VcV7wBpzmPI:OY7eKC3zS_c:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=VcV7wBpzmPI:OY7eKC3zS_c:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=VcV7wBpzmPI:OY7eKC3zS_c:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=VcV7wBpzmPI:OY7eKC3zS_c:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=VcV7wBpzmPI:OY7eKC3zS_c:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Wind turbine to be installed at Halstead High School
For the second time this week, a wind turbine is being installed at an area high school. Westar Energy?s Green Team is set to install a 2.4-kilowatt wind turbine at Halstead High School. The turbine will be located on the northwest corner of the front side of the high school, at 520 W. Sixth in Halstead. The turbine is part of Kansas State University?s Kansas Wind for Schools program, which selects schools across the state to receive a small wind turbine for educational and outreach purposes....<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=kKKZ5olX88o:1QL5CTv9uE8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=kKKZ5olX88o:1QL5CTv9uE8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=kKKZ5olX88o:1QL5CTv9uE8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=kKKZ5olX88o:1QL5CTv9uE8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=kKKZ5olX88o:1QL5CTv9uE8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=kKKZ5olX88o:1QL5CTv9uE8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>
Kansas Star Casino a highlight of Boyd's Peninsula Gaming purchase
<img src='http://assets.bizjournals.com/wichita/print-edition/kansas%20star%20casino%20construction2*100.jpg?v=1'>Las Vegas-based Boyd Gaming is picking up five casino properties with its $1.45 billion purchase of Peninsula Gaming, but Boyd CEO Keith Smith called the Kansas Star Casino the "jewel" of the Peninsula portfolio. The Wichita Business Journal reports the casino began operating in Mulvane in December, but additional phases, including a hotel, a larger casino and an equestrian facility, remain in the works. Smith said the property had great potential as "a significant growth opportunity" for his company.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=McIg0qNe3HA:yMjkCVAphfA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=McIg0qNe3HA:yMjkCVAphfA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=McIg0qNe3HA:yMjkCVAphfA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=McIg0qNe3HA:yMjkCVAphfA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?i=McIg0qNe3HA:yMjkCVAphfA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_wichita?a=McIg0qNe3HA:yMjkCVAphfA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_wichita?d=qj6IDK7rITs" border="0"></img></a> </div>


can be signed by a solicitor engaged in the limited liability company formation or a person named as director or company secretary on form 10 under section 10 of the Companies Act 1985.

The Memorandum of Association sets out the objects and scope of the proposed limited liability company stating the company name with details of the subscribers to the Memorandum of Association witnessed.

Table A is a standard format of a set of Articles of Association, a statutory document that governs the internal affairs of the limited liability company and it is recommended that Table A, Articles of Association is adopted in its entirety.

Following a final check to ensure accuracy submit all 4 documents to Company House with the company registration fee and the company formation is complete.

Company Formation and Corporation Tax Advantages

Sole traders pay income tax while a limited liability company pays corporation tax which is a tax payable on the company net profit. The taxation advantages and disadvantages change from year to year as government policy in relation to tax rates and allowances change. Prior to 5 April 2006 there was a considerable tax advantage in a company formation as the first £10,000 of taxable profit made by a limited liability company was zero compared to being self employed where the normal tax allowance as an individual might be £4,895 and 8% national insurance contributions also being charged on net self employed profits.

The zero tax rate for the first £10,000 of limited liability company net profit was removed in the 2006 Budget leaving the corporation tax payable on net profits of £0 - £300,000 for small companies at 19%. The scale of the tax advantage in incorporation is dependent upon the level and expected level of net profit. Generally self employed businessman paying all his tax at the lower income rate of 22% would not gain a significant tax advantage, while anyone paying the personal tax rate of 40% would show significant tax advantages compared to the corporation tax rate of 19%.

Advantages of a Limited Liability Company

A sole trader receives no protection from the business liabilities should the business run into financial problems whereas the liability of the shareholders in a limited liability company is limited to the amount subscribed for that shareholding. Generally limited liability becomes less clear in reality. Banks and credit institutions often require directors of a small and newly formed limited liability company to provide personal guarantees against loans and credit.

In addition directors should be aware when starting a limited liability company that should that company run into financial difficulties and become insolvent the directors themselves may be financially liable for any debts incurred if the company continues to trade after the directors became aware the company was insolvent. This is why administrators of companies that go into liquidation often immediately cease trading to avoid themselves as administrators being held liable for any subsequent debts being incurred.

Article Source: http://www.articles-galore.com

Terry Cartwright, a Chartered Company Secretary, through DIY Accounting provide inexpensive company formation document packs and a company formation incorporation service at DIY Accounting Company Formation assisting many individuals through the company formation process.

Products and Services mentioned in this article are available Here

         

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