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If You’re an Entrepreneur, Daymond John Says Now’s the Time to Take Advantage of This Company’s Free Service

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5 min read


Aspiring entrepreneurs may have a lot of ideas they’d love to execute, but few ever do so successfully. Much of the problem lies in a lack of knowledge. While coming up with a concept is one thing, being able to execute it requires having a basic understanding of what it takes to turn a business idea into an LLC. 

Enter Inc Authority.

Founded in 1989, the Nevada-based business-formation company helps entrepreneurial Americans start their own firms or shops by guiding them through the necessary paperwork — including those related to business setup, business planning, taxes and accounting and more. In other words, Inc Authority serves as the one-stop shop for every entrepreneur’s needs. 

Related: Daymond John Explains How LL Cool J Secretly Made a FUBU Commercial Out of a GAP Ad and Created Massive Sales Numbers for Both Companies

“It really came about because we saw a need, which is kind of the genesis of all entrepreneur ideas,” Greg Martin, president of Inc Authority, says. “The need in the marketplace was that entrepreneurs could go ahead and run their own businesses, but it is a fairly opaque and somewhat difficult process to navigate.”

According to Martin, Inc Authority streamlines the procedure of creating an LLC so that entrepreneurs can “focus on on what they’re passionate about, which is their business idea — not about getting their entity registered.”

For Shark Tank’s and Inc Authority brand ambassador Daymond John, the company’s service would have been particularly useful back in 1992, when John was in the early stages of founding his now successful hip-hop apparel brand FUBU. 

“I didn’t know what to set up,” he says. “So, initially I set up a DBA [Doing Business As]. It left me vulnerable and my personal assets vulnerable in case I had a litigation. I then didn’t know about an EIN [Employee Identification Number] or so many other things that I would need for my corporate documents. So who was I going to ask?”

In helping entrepreneurs form an LLC for free, Inc Authority conducts a check on business names in any given state to ensure that they can be used. It also prepares entity formation documents, serves as the entrepreneurs’ registered agent for one year, offers tax planning consultation and analyzes their business credit and financing needs. 

“The other thing that almost no entrepreneur understands is that you need a business credit profile, just like you need a credit profile,” Martin says. “And so building that business credit — that’s not knowledge that’s readily available. And so we help people establish a business credit plan.”

At additional costs, Inc Authority also provides a website and marketing package, in which entrepreneurs are paired up with a web designer and a marketing specialist. The company can additionally assist in filing trademark applications and assembling a revocable living trust. 

John says that it’s exactly that breadth of resources that Inc Authority has that convinced him to partner with the company. 

“For years, I’ve been reviving, investing in companies and startups and people’s dreams, and I found that there was this lack of information and lack of structure,” he says. “And even on Shark Tank,people will come onto the show, and as we go through due diligence, the foundation of what they need is not there.” 

So the biggest benefit to using Inc Authority, according to John, is that entrepreneurs who are struggling financially can leverage the company’s free service to start an LLC and scale up accordingly. 

“You don’t go out and risk everything,” he advises. “But you do have to have structure no matter what. If the foundation is weak, you cannot build on top of it.”

In the past year, Martin says that Inc Authority’s customer base has tripled, although he declined to give a specific number. The rounds of federal stimulus distributed amid the current pandemic, along with John’s role as Inc Authority’s brand ambassador, have contributed to that figure, encouraging entrepreneurs to use the extra money and start their own businesses.

“What we want is we want to be known as the company that helps launch businesses, that helps get dreams started,” Martin says. “And that’s really what Daymond’s brand stands for. That’s why we believed in the beginning, and the early returns definitely are supporting the fact that this is going to be a very powerful partnership for us.” 

And, according to John, there’s no better to start a business — especially by using Inc Authority’s services — than now. 

“You know, historically, during downtimes and downturns, great companies have been made,” he says. “I mean, the last time we went through this, it was Airbnb, Pinterest and Square — so many of the companies that came out of this time, we’re seeing it all over again. So people need to get on this right now because I think we are going to have a really great economy. All indications show it.” 

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Gifts for mom: 4 ideas that you can buy from WhatsApp for this May 10

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Why not give him a different gift and at the same time support Mexican entrepreneurs who make local products?


3 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.


This Monday, May 10, we celebrate Mother’s Day in various Latin American countries and, as every year, it is time to think of a gift that can make the celebration different for Mom and remind her how much you love her.

Why not give him a different gift and at the same time support Mexican entrepreneurs who make local products? WhatsApp gave us some recommendations for you to consent to the queen of your house.

1. Choose something for your personal care

Image: MyCoffee Box via Instagram

We have all turned to flowers for Mother’s Day, but this year we will live again on May 10 amid restrictions due to the health emergency due to COVID-19. That is why you can choose to give mom a different gift so that she can pamper herself at home. For example, the Panalli brand offers products made from honey. On their website you can find everything from skin care kits to scented candles. On the other hand, the Mexican brand MyCoffee Box , offers organic coffee scrubs with a touch of honey and grapefruit to renew the skin.

Get to know the catalog of both businesses through WhatsApp Business:

2. Something that is useful and stylish

Image: Tashi Cerámica via Instagram

Crafts Think about the style that Mom uses both to dress and to decorate her house. Cheél is a brand of reusable fabric bags, while Tashi Cerámica offers handicrafts in a wide variety of colors, designs and shapes.

Check their WhatsApp offers here:

3. Surprise her without spending

Image: Depositphotos.com

We know that financial circumstances this year are still complex, but that doesn’t mean you can’t tell Mom how much you love her. You can congratulate him with the WhatsApp tools with photos and videos.

To do it you must:

  1. Select the chat
  2. Click on the camera icon
  3. Select a photo from your gallery or take one right now
  4. Once you are comfortable with the image, use the icons at the top of the screen to add emojis or stickers, text, and use the stylus to make free strokes.

Use your imagination and support local businesses to remind the woman who saw you grow up how much you love her and thank her for her effort.


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Tesla vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy?

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4 min read


This story originally appeared on StockNews

The electric vehicle industry is growing at a rapid pace and as such is attracting the entrance of established manufacturers, such as the China-based Geely (GELYY). But are these new entrants in general, and Geely specifically, be able to threaten Tesla’s (TSLA) leadership position?.

One of the hottest industries in which to invest currently is electric vehicles (EVs). As the globe inches towards clean energy production and consumption, companies within the EV space are  poised to grow at an accelerating pace. 

While 2020 was a breakthrough year for EV stocks, several EV companies have underperformed the market this year, allowing investors to buy growth stocks at more attractive valuations.

Here we compare two popular EV stocks. One is a market leader, Tesla (TSLA), and the other is Geely (GELYY), a company that is domiciled in the country with the world’s largest  EV market—China.

Click here to checkout our Electric Vehicle Industry Report for 2021

Let’s see which stock is a better EV buy right now:

Tesla continues to surprise Wall Street

In the first quarter, Tesla sales were up 74% year over year, driven primarily by a  109% increase  in vehicle deliveries. Its net income also surged to record highs on the back of regulatory credits.

In Q1, Tesla increased deliveries of its low-cost Model 3 and Y by an impressive 140% year over year to 182,338 units. However, deliveries of its  higher-priced Model S and X vehicles were down 83%, at 2,030 units,  in Q1 because Tesla put the production of these vehicles on hold and aims to launch newer versions of the models in coming months.

Tesla reported $438 million in  net income, or $0.93 per share, in the first quarter. This  included a $101 million gain associated with its  sale of Bitcoin. It also reported $518 million in sales of regulatory credits. Tesla bought $1.5 billion worth of digital assets in the quarter. Absent the  above-referenced sales, Tesla would have reported a $181 million loss in  Q1.

Tesla has pumped in $1.35 billion in capital expenditures and began construction in two new factories in Berlin and Texas. Once these projects are complete the company should benefit from positive free cash flows over time.

Even though  Tesla continues to use   unconventional methods to boost  its bottom-line, it remains one of the best stocks in the EV sector. It is on track to increase its vehicle deliveries by more than  50% year over year in 2021. The company’s management also confirmed it has sufficient liquidity to fund its expansion plans without having to raise additional capital.

Geely stock is down 42% from 52-week highs

An investment holding company, Geely operates as an automobile manufacturer in China. It develops , produces, markets, and sells automobiles and  automobile parts and related components. Geely manufacturers sedans, wagons, and sport utility cars.

Geely is an established  automobile manufacturer that  is now eyeing the  lucrative EV space. Earlier this year, China’s tech giant Baidu disclosed that it will partner with Geely Automobiles to manufacture smart EVs. Baidu will provide intelligent driving capabilities while Geely will leverage its design and manufacturing expertise.

But while Tesla is growing its top line at an enviable pace, Geely has seen its sales decline to RMB 92 billion in 2020 from RMB 106.59 billion in 2018. Its EBITDA has also fallen, to RMB 11.83 billion in this period from RMB 17.24 billion.  And Geely’s EBITDA margin has fallen to 12.8% in 2020  from 16.2% in 2018.Geely has attributed the sales decline to China’s weak passenger vehicle market. While its sales volume was down 10% year over year in 2019, it fell by another 6% in 2020. This is in-part why its stock is trading 42% below its 52-week high.

The final takeaway

While Tesla is the largest EV manufacturer in the world, Geely is still trying to gain a foothold in this nascent industry. In terms of valuation, Tesla is trading at a far higher multiple than  Geely. For example, Tesla’s trailing price to sales multiple stands at 20.5x, while Geely is valued at less than two times trailing sales.

But Tesla’s robust revenue forecast and expanding profit margins can support this lofty valuation, making it a better investment bet right now.


TSLA shares . Year-to-date, TSLA has declined -5.97%, versus a 12.45% rise in the benchmark S&P 500 index during the same period.


About the Author: Aditya Raghunath

Aditya Raghunath is a financial journalist who writes about business, public equities, and personal finance. His work has been published on several digital platforms in the U.S. and Canada, including The Motley Fool, Finscreener, and Market Realist.

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The post Tesla vs. Geely: Which Electric Vehicle Manufacturer is a Better Buy? appeared first on StockNews.com

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Former Olympic Boxer Felix Verdejo-Sanchez Arrested for Kidnapping and Killing Pregnant Woman

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“I commend our partners in the FBI, the Puerto Rico Police Bureau, and the Puerto Rico Department of Justice for their dedicated and tireless efforts that led to the charges and arrest of the defendant,” said United States Attorney Muldrow in a written statement. “We will continue working towards the ending of gender-based violence, and we offer our deepest condolences to the family of the victim.”

Verdejo-Sanchez was arrested on a federal criminal complaint charging him with: (1) kidnapping resulting in death, in violation of Title 18, United States Code, Section 1201; (2) carjacking resulting in death, in violation of Title 18, United States Code, Section 2119(3); and (3) intentionally killing an unborn child, in violation of Title 18, United States Code, Section 1841, also known as the “Unborn Victims of Violence Act of 2004” or “Laci and Conner’s Law.” The penalties for the kidnapping and carjacking statutes include life in prison or the death penalty, and life in prison for the intentional killing of an unborn child.

“Puerto Rico mourns Keishla Rodríguez’s death. Our deepest condolences to her family and friends. The Puerto Rico Police Bureau and the federal agencies have worked long hours collaborating as a team to solve this cold murder expeditiously. Our police officers’ dedication, passion, and experience were essential in solving this murder in 48 hours. It demonstrates how the collaboration of efforts is essential for our public safety. We’ll keep on working together and we will seek justice for Keishla,” said Alexis Torres, Secretary of the Department of Public Safety.

“I congratulate the policemen, prosecutors, and forensic sciences personnel, who, as a single team, tirelessly and with the greatest of commitments, put their hearts to solve Keishla’s case in an agile and precise way. Our commitment to her family, from day one, was to do justice to Keishla and we have already begun to do so,” said Antonio López, Puerto Rico Police Bureau Commissioner.


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