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Recent OfficeFinder Tweets - Follow us!

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Here are a few od our recent Officeifnder Tweets. We'd love to have you follow us.  We promise not to Tweet about our breakfast!

OfficeFinder James Osgood

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Flexible Workspace , Green Office , Office Space , Twitter

Recent OfficeFinder Tweets

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James Osgood


James Osgood

James Osgood

James Osgood

James Osgood

James Osgood


James Osgood

James Osgood

James Osgood

James Osgood

James Osgood

James Osgood
 
James Osgood

James Osgood


James Osgood
Office Space , Twitter

OfficeFinder Tweets

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More OfficeFinder Tweets

  1. Social media: attract people interested in you, in your niche and then funnel them into other places, where you can reach them.
  2. I'm still waiting for my stimulus funds... Looking at a SBA loan, but the paperwork is worse than buying a house.
  3. RT @davelewand BOMA wants $90M from stimulus fund for smart meters http://viigo.im/0u00
  4. If you need the right office space at a great price without a hassle, OfficeFinder http://twurl.nl/vsuz6j We do the work!
  5. Top 500 WORST password http://twurl.nl/bm5zbh
  6. I just doubled my computer RAM to 4 GB. What a difference in speed! A really cheap upgrade that makes a big difference.
  7. Mammoth 50 thousand page expansion of the OfficeFinder.com website complete! http://twurl.nl/0wqw8k
  8. OfficeFinder Now Providing Detailed Local Specific Information on Office Space Services and Market Conditions On-Line http://twurl.nl/8niyaj
  9. Yeah. I got my invitation to Google Voice! ...But can't use it because I am at an extension and can't confirm the number. Yuch.
  10. Future of real estate agent profession - Death of a Realtor? http://twurl.nl/4ndshz Are we headed the way of the Travel Agent? Maybe....
  11. Microsoft will now power Yahoo! search while Yahoo! will become the exclusive sales force for both companies’ premium search advertisers.
  12. RT @Bizpen Wow!! Microsoft & Yahoo join forces: http://bit.ly/qPk8A The online Search world changes yet again!
  13. Going head to head - Google Announces Chrome Operating system - http://twurl.nl/0oha4i - Watch out Microsoft...
  14. Alexa also tell me that Average Load Time for http://Officefinder.com - Very Fast (0.859 Seconds), 88% of sites are slower.
  15. http://officefinder.com is ranked number 372,525 in the world according to the Alexa Traffic Rank and is in the Office_Space category. Cool!
  16. Best discussion I have heard re: Our Dumping Money Into A Giant Hole. A must see http://bit.ly/eB5eg
  17. RT @ManhattanOffice Manhattan office Window cleaning. Man steps out attached by 2 hooks on ledge of a 113 yr old window & leans backward...

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Office Relocation , Office Rental , Office Space , Twitter

Follow OfficeFinder on Twitter at OfficeFinder.com

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Now you can follow OfficeFinder on Twitter from the OfficeFinder site.

Find out what we are Tweeting about at http://twitter.officefinder.com.

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To Guarantee or not to Guarantee a lease?

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I ran into a brief discussion on Twitter as to how to sign a lease (they have to be brief with a 140 character limit). Should you use your company name or personal name on the office lease?  I found these responses at Business Seek, a small business weblog:

"NO you use your tax ID number EIN. You fill paperwork out in name of corp. and you sign as president. Only need to include personal info if you make personal guarantee."

"Any time you do business you HAVE to treat yourself as an employee, you NEVER personally guarantee anything. this way the company goes under you as the President unless gross negligence on your part like you left with the cash are not liable for the expenses of the company. "

Both good advice, but both pretty naive especially when it comes to small businesses. It is unusual when a landlord does not require a personal guarantee no matter what your business structure unless the term is a month to month and there is enough of a deposit to cover any midnight moves. If you were to never personally guarantee a lease or rental for a small business, there would a very limited choice of alternatives.

Trick of the Trade

What we try to do is place a ceiling on that personal guarantee.  An example of this would be to guarantee up to 3 months worth of rental. This would be enough to cover any landlord expenses related to their cost of your acquisition, such as brokerage fees. If there are any significant tenant improvements involved, some sort of amortized guarantee could be created where the amount of the guarantee is reduced over the term of the lease. You'd probably still need to add some period of rent on top of this, but you could also negotiate to amortize reduction in this over the term of the lease. A lease guarantee is a liability that you should show on your personal financial statements. So try to minimize them as much as possible.

 

General , Lease Negotiations , Office Space , Twitter