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(NNPA) - We have these programs from the blood, sweat and tears of Dr. Martin Luther King, Jr. and the other giants of the Civil Rights Movement. They saw the vision of having a new and improved civil rights act. They envisioned one that would be more comprehensive than the Civil Rights Act of 1866 and 1957. They demanded and bargained until President Lyndon Baines Johnson capitulated. President Johnson had to convince many Democratic senators to go along with this. He would refer to it as “The Nigger Bill” when encouraging the southern Democrats. Thus, was the birth of the Civil Rights Act of 1964. Finally, Blacks (on paper) became full- fledged American citizens.
When a successful formula is discovered in the business world, it’s copied and becomes part of standard operating procedure throughout entire industries. The newest SOP trend among leading businesses? – Focusing on employee and family well-being, says Gary Kunath, who was honored nationally as Businessman of the Year and recognized with a dinner hosted by the President of the United States.
Frank Savage has a theory about what it will take to bring down the rate of African-American unemployment, which is hovering at 14 percent, higher than any other group in the nation. He believes the answer lies in the creation of owner-operated businesses.
Courtney "Coko" Eason is an entertainment entrepreneur striving to make a difference in the Nashville Music Scene. Her company, Soundtrack Entertainment, LLC focuses on bringing a diverse selection of events, concerts and TV broadcasts to Nashville, that are comparable to entertainment cities such as New York, Los Angeles and Atlanta. However, she realized that the dreams she had for her city could only come true if a new venue was developed and built to cater to those who enjoyed Rock, Pop & Urban music events in a fun yet upscale and trendy atmosphere.
Question #1: Do you need to protect your personal assets from the liabilities of the company? If you’re debating whether to form a legal entity or to be a sole proprietorship, one issue to consider is whether or not you need to protect your personal assets. The biggest benefit of formal entity formation is that the individual(s) owners of the corporation are shielded from the liabilities and debts of the entity. For some businesses, however, the cost of formation, including tax consequences, may outweigh the benefits, especially if the business can be thoroughly insured.
On a national level, black-owned businesses have increased drastically according to the data from Survey of Business Owners: Black-Owned Business: 2007 on the U.S. Census Bureau website. The start-up of black-owned businesses has increased by 55.1 percent to $137.5 billion annually in national commerce, according to the survey of business owners. Black-owned businesses have also increased by 60.5 percent to 1.9 million, which exceeds the national rate of 18.0 percent. From 2002 to 2007, four in 10 black-owned businesses operated in the fields of health care, social assistance, repair, maintenance and laundry services.
- Dr. Ronda Beaman Guides Others to Success
- Blacks Still Struggle To Qualify For Personal and Business Credit; New Web Site Wants To Help
- The Power of the Hispanic Dollar
- Hispanic Leadership and Advancement is Needed for Economic Growth in America
- Power M.O.V.E.: How to Transition from Employee to Employer.
- Federal Contracting with Blacks has Declined