What we now know today as the “Gig Economy” started in the 1880’s one year after Nikola Tesla arrived in the United States. The term “gig” is a slang word for a job or project that lasts a specified period of time typically characterized by musicians. Examples of gig employees in the workforce could include freelancers, independent contractors, project-based workers and temporary or part-time hires. Entrepreneurs, inventors, artists, musicians, designers, etc, typically exist and flourish in a Gig environment and are the people that more often change the world.
Experience the Tesla Foundation startup and operating business ecosystem — research the fastest-growing company opportunities, and find a brand and develop a business you love. The next big business and product in tech launches through the Tesla Foundation every day.
Tesla Foundation will help and support you in the development and launch for your business or will work to grow your company creating new or additional revenues.
The Tesla Foundation’s business is to consult with you, complete necessary business and compliance documents and help in the development to get your business operating as a successful and legal entity.
You will be assigned a Tesla Foundation Business Development Manager that will be by your side through every step of the development or growth of your company. Found below are the services provided to you in the development launch and growth of your company.
The Tesla Foundation may be asked to prepare documents and information needed to list and/or register your company on an online fund raising platform but the Tesla Foundation does not represent of raise funds for your company nor does it solicit investors for or on you or your company’s behalf.
We know you have dreamed of starting and owning your own business or maybe you have an operating business and want to expand it and grow your revenue. To begin with we, the Tesla Foundation, must understand your thoughts of what you would like. A Tesla Foundation manager will review all of your ideas and dreams and how Tesla Foundation can help you realize or grow your business. Once this review is complete that manager will work with other Tesla Foundation staff to create some models that support your business ideas.
Finding and understanding the “Why” of your company is the most important statement that you can do for the success of your company. As Sinek, the author of “Start With Why” puts it, “People don’t buy what you do. They buy why you do it. Apple is more than just a computer company selling features, and that’s why their products have flourished while their competitors’ products with similar technology and capabilities have often failed. “Why” your company exists is the core of its marketing and the driving force behind its business operations.
After presenting one or two specific business ideas to you the Tesla Foundation Manager and you will agree on the business that you would love to create and launch. The foundation staff will then create a list of items and challenges to be addressed in the next steps of creating your business.
The first document to create that will be the roadmap for the development or growth of your business will be the authoring of a one sheet. The term one sheet does not really mean this work or the end document product is actually a one sheet it is however the first detailed document that explains and summarizes your business and its product offerings.
With your idea of what your business is or what you want it to be, your Tesla Foundation team has created a list of the items needed to launch or grow your company has been completed, and your companies summary document – one sheet has been written and finalized and agreed to by you, it is now time for the Tesla Foundation team to design and create or edit your company’s website. It may seem too early to design, build and launch the company website but a website provides everyone on your team a clear picture of what you want to accomplish and the direction of where your business is going.
Some of the state and federal document filings may have already been completed by the Tesla Foundation staff. Corporation, LLC, Non-profit organization compliance documents must be completed so that the company can become or is already a compliant and reporting company. Set up and establish business operations and accounting systems to conduct business legally from this point forward.
When raising money for your business, having an impressive pitch deck is a key component in your fundraising toolkit. A great pitch deck gets potential investors excited about your idea and engages them in a conversation about your business, hopefully leading to an investment. There is an art to creating a short 8-12 page deck and an elevator pitch page the in just one page the includes the deck in summary. The Tesla Foundation staff are experts at creating these tools and will work with you for the best out come.
The Tesla Foundation’s work with marketing specialists to be sure that the question of what Sales and Marketing Strategy will perform best? Your Sales and Marketing strategy is your plan for reaching, engaging, and converting target prospects into profitable customers. It’s the charter that guides Marketing and Sales in their daily activities, helping them clarify shared objectives and how to achieve them.
An offering memorandum, also known as a private placement memorandum (PPM), is used by business owners of privately held companies to attract a specific group of outside investors. For these select investors, an offering memorandum is a way for them to understand the investment vehicle.
Anytime you sell stock in a (your) company you are selling or issuing securities. On a Crowdfunding platform under the SEC Regulation Crowdfunding (an “issuer”) is permitted to raise a maximum aggregate amount of $1,070,000 in a 12-month period. In determining the amount that may be sold. The Tesla Foundation will ensure the legal and correct filings are provided to the Crowdfunding online platform and are completed and checked and re-check to ensure SEC and FINRA compliance.
Of course, the primary reason you should serve on a nonprofit board is that you want to make the world a better place and you care about the cause. But, serving on a board and bringing your knowledge, energy, and expertise to the table is something that can not only benefit the organization but you as well
Website and product technology may take many forms including: websites, email, phone, chat, … It is imperative that your company’s website capabilities work well on these smaller format devices. … Your e-commerce and other systems should monitor for these and other common … The Tesla Foundation staff can continue to support and manage multiple systems, customer conversations and other important items.
The Tesla Foundation will complete quarter’s letters providing general market commentary, … market, financial charts showing monthly, quarterly and year over year annual returns … Tesla Foundation believes that unprecedented communications and support provided by the company creates and delivers company health to all shareholders allowing them to help and participate in the growth and success of the company.
We have helped individuals and companies start or build their Tesla branded and supported businesses
Tesla helped me create a step by step product development strategy to build my company and we are now in our A round of financing. Thanks Tesla Foundation
When COVID hit the world I wasn’t sure what I would do to survive so I turned to the Tesla Foundation that help me organize a business and develop a website and sales structure.
I wasn’t sure what I was doing with my business direction until I partnered with the Tesla Foundation and created Tesla Consultancy helping small businesses with funding. Its great!
I started by investing about $20,000 in a start up that is now beginning to grow. If it wouldn’t have been for the Tesla Foundation our business would have failed. They helped get it going and created a product strategy.
My passion is to help people improve their lives. Tesla Foundation helped me create a unique website and a brand identity after a lot of ideas. Now I’m on my way to helping hundreds maybe thousands of people overcome life issues.
Contact: firstname.lastname@example.org 310-467-1193 Los Angeles CA, 91406
The Tesla Foundation its companies and brands are not affiliated with Tesla, Inc. It is neither inferred nor implied that brands, businesses and products presented here are authorized by or in any way connected to Tesla, Inc.
Regional Managers reach out to as many locations as possible where you may find people that need funding to operate or grow their business. The Tesla Foundation is in business to help keep small business owners in business and give them answers to questions that they have.
Here are some locations where you can find people that need help running and funding their business:
Tax law definitions do not apply to much of the Payroll Protection Program (PPP), making it new ground for owners of S corporations. Here are answers to four questions of concern to many S corporation owners.
1. Spouse Owns S Corporation
Question. My wife owns 100 percent of the S corporation. She has a full-time job and does no work for the S corporation. I am the sole worker in the S corporation.
Am I treated as
In tax law, you would have to consider “attribution rules” that would make you own what your wife owns because of your marital relationship. (Yes, in tax law you both would own 100 percent.)
But the PPP guidance to date contains no such rules.
According to the latest from the SBA, you may rely on the laws, rules, and guidance available at the time of your PPP loan application. As we write, the latest guidance is from over a month ago, on June 25, 2020.
2. S Corporation Owner-Employee with No W-2
Question. I submitted my PPP loan application before the guidance disallowing independent contractor payments was published. And at the time of submission, I had not yet started paying myself a salary.
Now I have the PPP money from the bank but cannot get it forgiven through contractor payments. If I pay myself on a W-2, I lack the look-back period of 2019 payroll.
Am I out of luck? Should I go on payroll and hope for the best?
Answer. Under the rules, you are out of luck. Your loan forgiveness is based on the lower of your 2019 W-2 (zero) or your 2020 W-2.
3. S Corporation Loan Based on K-1
Question. I operate my business as an S corporation with two W-2 employees other than me (I don’t receive a W-2). I applied for the PPP loan and obtained it based on my K-1.
A few weeks later the lender told me that the money I received was not available to be forgiven. It’s just not fair. My profit is my income.
Is there any workaround for this?
Answer. No—no workaround. But in your case, likely no PPP loan forgiveness problem either.
But first, let’s think about taxes. You operate as an S corporation, and you take no salary. (That’s incorrect and likely a tax problem if the IRS audits your tax return.)
Now, let’s get to the PPP. Your lender granted you the PPP loan based on the K-1 and ignored your employees. That shows how confusing the PPP has been. But let’s ignore the right and wrong of that and get to the heart of the issue. Can you obtain forgiveness?
Yes, your S corporation’s forgiveness begins with what you pay your W-2 employees during the 24-week covered period including what you pay in health insurance and retirement on their behalf.
In addition, you may include some or all of your payments for business interest, rent, and utilities during the 24 weeks beginning with receipt of the loan.
Example. Let’s say you received a $100,000 loan. If your payroll during the 24 weeks is $63,000 and the rent and utilities total $37,000, you would qualify for 100 percent forgiveness. If you achieve this in 20 weeks, you could apply for forgiveness then.
Observation. The fact that the lender based your loan on your profits is simply a mistake by the lender. It does not affect forgiveness, which is based on your using the money for the intended PPP purposes such as payroll.
4. S Corporation with Home Office
Question. Your tax guidance for the S corporation owner is for the owner to use an expense report to submit home-office expenses to the business for reimbursement and classify the reimbursement in the tax return as an office expense.
The idea behind this guidance is to avoid the rental fiasco.
How would we classify this as mortgage interest and utilities under the PPP loan forgiveness guidelines? We have the same question for partnerships where it is claimed as an unreimbursed partner expense.
Answer. The reimbursed expense won’t work for the PPP, but here’s the solution. Choose the 24-week program and you will achieve full forgiveness with only the payroll in as little as 10.8 weeks.
If you have PPP forgiveness questions, please don’t hesitate to call me.