TweetFollow Us on Twitter

Feb 93 Editorial
Volume Number:9
Issue Number:2
Column Tag:The Editor's Page

Ah To Communicate

By Neil Ticktin, Editor-in-Chief

For as long as I can remember, readers of this magazine have asked for online areas to access information about the magazine, download files, and exchange ideas. We are proud to announce that Xplain Corp. (the publishers of MacTech Magazine) has made arrangements to have an online presence on CompuServe. Once this new area is active (probably by the time you read this), you’ll be able to type “GO MACTECHMAG” and you’ll be there.

The new vendor folder will include information about the magazine, important files such as our writer’s kit, a discussion area, and product information. If the discussion area is active enough, we’ll reprint your comments and questions.

New E-Mail Addresses - Use Them!

To help you get faster service, we now have a series of new electronic mail addresses. These new addresses reflect our new name as well as additional support. All told, we’ve gone from 4 addresses to 20! Please use them and throw away the old ones.

The new addresses are for AppleLink, CompuServe, Internet, America Online, and GEnie. Those of you who used our AppleLink address to send an Internet message, please use the new Internet addresses instead. It is a little known fact that AppleLink charges 50¢ per Internet message (in each direction).

Ask Us Questions, Give us Feedback

Since we were so busy this month, David was kind enough to pick up the slack for me and write a bit more. As you may know, David is a capable tax attorney. We would like to have the magazine take advantage of David’s knowledge, but we need to know what questions you would like to have answered. So here’s an open invitation to ask any of us, including David, about issues you wonder about.

Most of you like the Tips and Tidbits section. Now, we’ve changed the compensation for tips printed from a credit to a cash payment. This is your area, so send us tips. In fact, if you ask DTS a question, send in the question and the answer as a tip as well.

CD-ROM Update

By the time you read this, the new All of MacTech Magazine CD-ROM™ Volumes 1-8 will be shipping. This new CD is the best that we’ve ever produced. It incorporates all the feedback that we’ve received about the last CD.

As of this writing, Symantec is now shipping a much improved THINK™ Reference 2.0. Not only does this new version include Volumes 1-6 of Inside Macintosh, it has new features as well. The best part is that this and On Location™ 2.0 are both included on the CD. See page 52 for more information.

Upcoming Topics

For the last couple of months, we’ve been talking about changes in the magazine and new products and services. Next month, we will return to more traditional editorials. In the March issue, Don Bresee (our Technical Editor), Ken Gladstone (our new Technical Editor), and I will cover Macworld Expo/San Francisco from a developer’s point of view.

As the year goes on, we’ll be covering topics such as Bedrock, MacApp, C++, scripting, HyperCard, databasing and more. The more you tell us what you want to hear about, the better the chance that it will happen.

The Publisher's Column

By David Williams, Publisher

The end of 1992 was completely overwhelming. In all of the excitement of changing the name of the magazine and preparing the new CD-ROM and for Macworld Expo, we went on a buying binge that resulted in a new show booth, two Duo 230’s, a IIci 5/80, and a 486/33 file server. So after all of this and a number of other purchases, we were penniless, but fully equipped. Basically, for about a month, we spent like drunks. What’s most surprising about this is that Neil and I are in complete agreement on everything we bought for the company. I suspect that he would have preferred that the money I spent on my new stereo stuff and 4WD be contributed to the company for computer equipment, but he isn’t unreasonable enough to actually expect it.....OK, it’s close, he reeeaaally wants a 950.

What all of this brings to mind is the business decision-making process and how legal entities effect it. Both Neil and I spent, but where did the authority lie to decide to spend? Our little buying spree brings up the issue of legal authority in a joint enterprise. In actual fact, Neil and I never had to confront the issue because we do work closely and we are in agreement, but at the precise moment when disagreement occurs, most business teams have little or no clear idea of who is really in charge, and how a dispute is resolved. The answer, of course, lies in the choice of business entity.

The last article I wrote on this topic, in the November/December issue, focused on the legal aspects of proprietorships and partnerships, which are general liability entities with little legal management structure. As we saw then, any partner has the authority to bind a general partnership to a course of action, such as buying equipment. In any of the limited liability entities, management authority is legally controlled. In other words, the law dictates a structure of decision-making and power, while providing limited liability for those sufficiently outside that structure.

The limited liability entities are: limited partnerships, S corporations, and C corporations. What makes these entities so different from the general liability entities is that in every case, the grant of limited liability comes from the state government. In other words, rather than just agree amongst yourselves, you apply to the state to form the entity, and for a price, the state grants a limitation on liability. The price takes two forms. First, there is usually a tax or at least an annual filing fee to keep the entity alive. Second, there are statutory restrictions on structure and ongoing documentary requirements to maintain the liability shield. To form the entity, you have to have a fairly complete set of documents that describe most of the relationships between the players involved. A limited partnership does not provide a complete shield, while both types of corporation generally do. On the other hand, a limited partnership is usually cheaper to set up and easier to maintain than a corporation.

In a limited partnership, any general partner has full management authority, but no limited partners do. Liability falls in exactly the same pattern, only the general partners have joint and several liability for everything that goes on. Most states require at least annual reporting to the limited partners and that the general partners act in the limited partner’s best interests. A limited partnership files a form 1065, just like a general partnership, in which the tax attributes of the partnership’s activity are apportioned out to the partners based on their ownership percentages. One of the most powerful advantages of a partnership over a corporation is the ability to specially allocate certain attributes to certain partners and not to others, and to allocate based on other percentages than ownership. If any of these complex methods of allocation are used, there are very complex tax requirements that must be met else the allocation will be disregarded for tax purposes, so consult a competent tax advisor.

Corporations represent the most complete liability shield that states are willing to sell, and require the highest price. Usually, an attorney is required to form the corporation, and there is a substantial annual fee or tax to pay. An S corporation is one that has elected to be taxed as a partnership for federal tax purposes (most states have comparable elections, but there is always at least an annual fee), and files form 1120S, while a C corporation pays corporate tax on its net income and files a form 1120. The corporate form of business is exacting, and failure to meet any of the numerous annual documentation requirements such as minutes of required meetings and resolutions can lead to a collapse of the shield.

A corporation is ultimately controlled by its voting shareholders. Note that it is possible to have non-voting shares, which have no ongoing say in the business at all. The shareholders meet at least once per year for the purpose of electing a board of directors. The directors then meet to appoint the officers, such as president, who run the company. Decision-making is entirely formalized and is determined by the authority granted to the officers in the bylaws of the corporation. In other words, in a corporation, most questions of final authority and ultimate responsibility are answered during formation.

As should be obvious, this is a very simple treatment of a very complex subject. The purpose here was to provide a starting point for discussions with your attorneys and accountants, rather than to allow you to make the decision on your own. Most important, for every concept that I’ve touched on, there are ten that I’ve excluded which can be critical in a particular case.

For Neil and I, here in our S corporation, there is no question that the final authority over spending lies with Andrea, our Controller, who has the checkbook. Which is good because without Andrea to stop us, we’d equip ourselves right out of business. So, for Andrea, who now has only a few days left to pay for all of this new stuff, please keep those subscriptions coming!

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

TinkerTool 5.4 - Expanded preference set...
TinkerTool is an application that gives you access to additional preference settings Apple has built into Mac OS X. This allows to activate hidden features in the operating system and in some of the... Read more
Tinderbox 6.3.1 - Store and organize you...
Tinderbox is a personal content management assistant. It stores your notes, ideas, and plans. It can help you organize and understand them. And Tinderbox helps you share ideas through Web journals... Read more
Parallels Desktop 10.2.2 - Run Windows a...
Parallels Desktop is simply the world's bestselling, top-rated, and most trusted solution for running Windows applications on your Mac. With Parallels Desktop for Mac, you can seamlessly run both... Read more
Adobe Premiere Pro CC 2015 9.0.1 - Digit...
Premiere Pro CC 2015 is available as part of Adobe Creative Cloud for as little as $19.99/month (or $9.99/month if you're a previous Premiere Pro customer). Premiere Pro CS6 is still available for... Read more
Adobe After Effects CC 2015 13.5.1 - Cre...
After Effects CC 2015 is available as part of Adobe Creative Cloud for as little as $19.99/month (or $9.99/month if you're a previous After Effects customer). After Effects CS6 is still available... Read more
Adobe Creative Cloud 2.2.0.129 - Access...
Adobe Creative Cloud costs $49.99/month (or less if you're a previous Creative Suite customer). Creative Suite 6 is still available for purchase (without a monthly plan) if you prefer. Introducing... Read more
Tower 2.2.3 - Version control with Git m...
Tower is a powerful Git client for OS X that makes using Git easy and more efficient. Users benefit from its elegant and comprehensive interface and a feature set that lets them enjoy the full power... Read more
Apple Java 2015-001 - For OS X 10.7, 10....
Apple Java for OS X 2015-001 installs the legacy Java 6 runtime for OS X 10.11 El Capitan, OS X 10.10 Yosemite, OS X 10.9 Mavericks, OS X 10.8 Mountain Lion, and OS X 10.7 Lion. This package is... Read more
Adobe Muse CC 2015 2015.0.1 - Design and...
Muse CC 2015 is available as part of Adobe Creative Cloud for as little as $14.99/month (or $9.99/month if you're a previous Muse customer). Muse CS6 is still available for purchase (without a... Read more
Adobe Illustrator CC 2015 19.1.0 - Profe...
Illustrator CC 2015 is available as part of Adobe Creative Cloud for as little as $19.99/month (or $9.99/month if you're a previous Illustrator customer). Illustrator CS6 is still available for... Read more

Tap Delay (Music)
Tap Delay 1.0.0 Device: iOS Universal Category: Music Price: $4.99, Version: 1.0.0 (iTunes) Description: Back in the “old days”, producers and engineers created delay and echo effects using tape machines. Tap Delay combines the warm... | Read more »
This Week at 148Apps: July 20-24, 2015
July is Heating Up With 148Apps How do you know what apps are worth your time and money? Just look to the review team at 148Apps. We sort through the chaos and find the apps you're looking for. The ones we love become Editor’s Choice, standing out... | Read more »
Red Game Without A Great Name (Games)
Red Game Without A Great Name 1.0.3 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.3 (iTunes) Description: The mechanical bird is flying through an unfriendly, Steampunk world. Help it avoid obstacles and deadly... | Read more »
Warhammer: Arcane Magic (Games)
Warhammer: Arcane Magic 1.0.2 Device: iOS Universal Category: Games Price: $9.99, Version: 1.0.2 (iTunes) Description: Engage in epic battles and tactical gameplay that challenge both novice and veteran in Warhammer: Arcane Magic, a... | Read more »
Mazes of Karradash (Games)
Mazes of Karradash 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: The city of Karradash is under attack: the monsters of the Shadow Realms are emerging from the depths.No adventurer is... | Read more »
Battle Golf is the Newest Game from the...
Wrassling was a pretty weird - and equally great - little wressling game. Now the developers, Folmer Kelly and Colin Lane, have turned their attention to a different sport: golfing. This is gonna be weird. [Read more] | Read more »
Qbert Rebooted has the App Store Going...
The weird little orange... whatever... is back, mostly thanks to that movie which shall remain nameless (you know the one). But anyway it's been "rebooted" and now you can play the fancy-looking Qbert Rebooted on iOS devices. [Read more] | Read more »
Giant Monsters Run Amok in The Sandbox...
So The Sandbox has just hit version number 1.99987 (seriously), and it's added a lot more stuff. Just like every other update, really. [Read more] | Read more »
Fish Pond Park (Games)
Fish Pond Park 1.0.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0.0 (iTunes) Description: Nurture an idyllic slice of tourist's heaven into the top nature spot of the nation, furnishing it with a variety of... | Read more »
Look after Baby Buddy on your Apple Watc...
Parigami Gold is the new premium version of the match three puzzler that includes Apple Watch support and all new content. You won't simply be sliding tiles around on your wrist, the Apple Watch companion app is an all new mini-game in itself. You'... | Read more »

Price Scanner via MacPrices.net

2.8GHz Mac mini available for $988, includes...
Adorama has the 2.8GHz Mac mini available for $988, $11 off MSRP, including a free copy of Apple’s 3-Year AppleCare Protection Plan. Shipping is free, and Adorama charges sales tax in NY & NJ... Read more
Sale! 13″ 1.6GHz/256GB MacBook Air for $1099,...
B&H Photo has the 13″ 1.6GHz/256GB MacBook Air on sale for $1099 including free shipping plus NY tax only. Their price is $100 off MSRP, and it’s the lowest price available for this model. Read more
iPad mini 4 To Be Upgraded To iPad Air 2 Spec...
There’s a certain inevitability about making Apple product predictions this time of year. Come September, we can pretty reliably count on the release of refreshed iPhones, along with the iOS 9... Read more
Apple restocks refurbished Mac minis for up t...
The Apple Store has restocked Apple Certified Refurbished 2014 Mac minis, with models available starting at $419. Apple’s one-year warranty is included with each mini, and shipping is free: - 1.4GHz... Read more
13-inch 2.5GHz MacBook Pro on sale for $899,...
Best Buy has the 13″ 2.5GHz MacBook Pro available for $899.99 on their online store. Choose free shipping or free instant local store pickup (if available). Their price is $200 off MSRP. Price is... Read more
21-inch 2.9GHz iMac on sale for $1299, save $...
Best Buy has the 21″ 2.9GHz iMac on sale today for $1299.99 on their online store. Choose free shipping or free local store pickup (if available). Their price is $200 off MSRP, and it’s the lowest... Read more
Free Image Sizer 1.3 for iOS Offers Photo Edi...
Xi’An, China based G-Power has announced the release of Image Sizer 1.3 for the iPhone, iPad, and iPod touch, an important update to their free photo editing app. Image Sizer’s collection of easy to... Read more
Sale! 13″ 1.6GHz/128GB MacBook Air for $899,...
B&H Photo has the 13″ 1.6GHz/128GB MacBook Air on sale for $899 including free shipping plus NY tax only. Their price is $100 off MSRP, and it’s the lowest price available for this model. Read more
13-inch Retina MacBook Pros on sale for $100...
Best Buy has 13-inch Retina MacBook Pros on sale for $100 off MSRP on their online store. Choose free shipping or free local store pickup (if available). Prices are for online orders only, in-store... Read more
Will BMW’s i3 Electric Vehicle Be The Automo...
The German-language business journal Manager Magazin’s Michael Freitag reports that Apple and the German performance/luxury automaker Bayerishe Motoren Werke (BMW) are back at far-reaching... Read more

Jobs Board

*Apple* Retail - Multiple Positions (US) - A...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
*Apple* Retail - Multiple Positions (US) - A...
Job Description: Sales. Specialist - Retail Customer Service and Sales. Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
*Apple* Customer Experience (ACE) Leader - A...
…management to deliver on business objectives Training partner store staff on Apple products, services, and merchandising guidelines Coaching partner store staff on Read more
Project Manager - *Apple* Pay Security - Ap...
**Job Summary** The Apple Pay Security team is seeking a highly organized, results-driven Project Manager to drive the development of Apple Pay Security. If you are Read more
*Apple* TV Product Design Internship (Spring...
…the mechanical design effort associated with creating world-class products with the Apple TV PD Group. Responsibilities will include working closely with manufacturing, Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.