As the last email stated, I would like to give the above pictured computer to a well deserving non-profit or struggling business that would benefit from a technology infusion. There was an underwhelming single response to my request, so I have decided to give the computer to the one suggested organization:
Woodland Charter School
This computer is suitable for normal office work and will be replacing an aging laptop used in there front office by the staff. I will be including free setup of the computer to help get them connected properly.
Please contact us with ideas on who could best use our next free new computer.
We are currently facing the mountain of paperwork and responsibilities associated with the death of a loved one who did not properly prepare for their passing. While thinking through this stuff the thought of disaster preparedness came to mind and what would be the way to properly prepare for the sudden passing of myself or a business partner so that those who remained could continue on. Here are my thoughts:
Death Preparedness
Partnership / Corporate Agreement: Most states will immediately dissolve / liquidate a business partnership agreement unless the agreement has a continue after death clause that allows the estate to be paid off for their share of the current worth of the business. These payouts can also be paid by an insurance policy. Have an attorney look at the current agreement and amend as needed.
Personal Data: Business partners will need access to a copy of information like social security number, date of birth, birth / marriage / death certificates, and location of all agreements / wills. Having this information easily available saves tons of time for those left behind and make filling out the needed paperwork much easier. This information is best stored in one location like a safe deposit box.
Financial Data: Business partners will need access to insurance information, bank accounts, investment accounts, tax returns, current debts, title / registration of property, and any safe deposit keys that are connected to the business. Knowing this information will help create an estimate of the worth of the business to give the estate their fair share of the current worth. Plus if the partner that passed was in charge of these things it will make it easier for the responsibility to be handed to someone else.
Business Data: Businesses should have a master list of usernames and passwords for all local software, servers, online accounts, key safes, etc. This list needs to be updated regularly and a copy would be best kept in the same safe deposit box that the vital records are kept.
Advanced Directives: Just like for family members, the business partner will need to be able to act on behalf of the business in case the other partner is incapacitated in some way. Having these documents in order before this happens is crucial. Make sure to have a lawyer look over the document to make sure it is complete based on state laws where business is being conducted.
“Key Man” Insurance: If any of the business partners or employees are “indispensable” then key man insurance can be purchased by the business. This insurance policy pays off on death to help the company stay afloat until a replacement can be found. It is also important at this point to think about training and disbursement of business information. No one person in the company should have so much knowledge that they would sink the business even if they just left the organization one day.
Take the time to prepare for the worse to make life for those left behind easier to manage after your passing, and contact us for any assistance you need in this process.
As a partner with Lenovo and Intel, I have been given the opportunity to give one of my clients (or perspective clients) a brand new computer and workstation as pictured above. It contain a new memory cache chip from Intel that they would like some feedback on, so the company that accepts this will have to fill out a survey and be on a single phone interview. The computer will be used with the cache enabled and disabled to see the difference the chip makes. Once the testing is done the computer is FREE to keep.
I would like to give this computer to a well deserving non-profit or struggling business that would benefit from a technology infusion. This computer is suitable for normal office work. I will include free setup of the computer to help get them connected properly. I will decide who gets the computer at the end of March 2019.
Please contact us with ideas on who could best use this free new computer.
I was chatting with my son who works for a large local company who
contracts with a local Managed Service Provider to help with their IT
needs. Due to a clause in their contract they are now locked into paying
over $15,000 per month for IT services for the next three years. This
includes $300 per server (they have 5 of them) and $70 per workstation
(they have over 100 of them) plus some other mysterious charges for the
network. Personally I think that this is outrageous.
Here at Farmhouse Networking we do not believing in locking our clients
into a contract. Our IT services are always month to month so that if
either of us are dissatisfied with the relationship then we can easily
end things with no obligations. Our services are also reasonably priced
due to keeping our overhead low – we charge $65 per server and $25 per
workstation plus a small per device charge for other network devices.
That is a mind boggling 280-460% savings over the local competition. For
that large company that would be a realized savings of somewhere
between $9,600 and $11,700 per month – enough to hire several new
employees or purchase new equipment to increase production.
If your company is looking to keep the costs of IT services down and keep more working capital for true business needs, then contact us for assistance.
