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55 PERCENT OF PEOPLE BELIEVE CRYPTOCURRENCY WILL BE WIDELY ACCEPTED IN SHOPS AND ON THE BUS BY 2025

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55 PERCENT OF PEOPLE BELIEVE CRYPTOCURRENCY WILL BE WIDELY ACCEPTED IN SHOPS AND ON THE BUS BY 2025

New research by Lendingblock reveals that the majority of people think that cryptocurrencies will play a part in our day to day lives in the near future

Lendingblock, the first cross-blockchain securities lending platform for cryptocurrency, has today released research into attitudes towards cryptocurrencies, which reveals that most people believe cryptocurrency is here to stay. Despite the pervasive narrative of the indeterminate future of cryptocurrencies, the survey of 2,000 people through personal data and insights platform CitizenMe found that more than one in five (21 percent) of respondents already own or have previously owned cryptocurrency. Furthermore, the majority (55 percent) believe cryptocurrencies will be widely accepted in shops and even on the bus by 2025.

According to the survey, the majority of people would use cryptocurrency, and are positive about its future. While only 20 percent percent could say for sure that they think they are a good investment, 56 percent said they would be tempted to buy them in future – a contradiction that suggests that there is an appetite if the risk was reduced. When asked what would make them more likely to buy cryptocurrencies, better security ranked highest (32 percent), followed by better apps for buying and selling (28 percent), and government backing (23 percent).

Steve Swain, Co-Founder and CEO of Lendingblock said, “In spite of much discussed uncertainty about cryptocurrency, the public is sure that cryptocurrency is here to stay. Cryptocurrency is a maturing market, and this is exactly what we would expect to see happening at this time as we move from early-adopters to more mainstream awareness and use.

“Before we get there, however, cryptocurrency need to be made safe, and that’s why we welcome the UK Government’s recent recently announced inquiry into investments. What’s interesting, is that this survey shows that the public and the market are aligned in what they think the cryptocurrency market needs next: which is more security, infrastructure and better tools. This is undoubtedly the next step of evolution for the market.”

Other key findings of the research include:

  • A considerable gender divide, as nearly 30 percent of men surveyed currently or have previously owned a cryptocurrency, as opposed to just 13 percent of women
  • A remarkably close alignment between those who identify as “millenials” and those who identify as “household decision makers” in terms of cryptocurrency ownership (22 percent vs 19 percent), whether they’d be tempted to buy cryptocurrencies in the future (56 percent vs 55 percent) and whether cryptocurrencies will be widely accepted by 2025 (56 percent vs 55 percent). In fact, more millenials think that cryptocurrencies will be a passing fad than household decision makers (19 percent vs 17 percent)
  • Only 10 percent of people said they would never buy cryptocurrencies, no matter what

“These demographic breakdowns give an interesting insight into where cryptocurrencies have taken hold first,” said Linda Wang, co-founder and COO of Lendingblock. “While you might have guessed it would be millenials, in fact cryptocurrency is an incredibly serious and potentially lucrative market that is getting considerable interest from financial services, which is what is reflected here.

“The gender balance within cryptocurrencies is something I personally care a great deal about, and we at Lendingblock have been working hard to further inclusivity. However, I think there is great potential in cryptocurrency because – unlike traditional financial services – there are no barriers to entry. The “old boy’s club” on the trading floor does not exist in cryptocurrency, you can invest from your home and this has massive potential to open up the market to new entrants.”

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TRUiC Evaluates The Latest Additions to Registered Agents in the US

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TRUiC Evaluates The Latest Additions to Registered Agents in the US 1

The US is still the top choice for new businesses that have a global focus. That is not to say that they are all physically located there. Despite the pandemic creating challenges for startups seeking investment, many are still steaming ahead. More and more, companies from Europe and Asia dominate Amazon and other distribution chains in the US via a US registered entity that relies on a registered agent. What should you know about registered agents?

When forming an LLC, there are a few additions to registered agent services in 2021 that could be extremely helpful to ensure that you always maintain your privacy, never miss important mail, and make you aware of legal obligations that may occur without being too costly or complicated. When you are launching a startup as an entrepreneur, it is vital to decide which registered agent service as they act as a point of contact between a business and a state and will greatly benefit your small business in the long-term.

In short, a registered agent will primarily act as your business’s main channel of communication with your states’ government. A non-profit, corporation or LLC can appoint a registered agent service to receive government correspondence, compliance documents on behalf of the business, and service of process – which is arguably the most important role of a registered agent as this informs an entity or individual of an impending lawsuit against him/her or the company.

Suggested video – What is a Registered Agent by TRUiC:

Next will be a review and comparison between the features of the best online business services of 2021 to see which is the top registered agent service when forming an LLC:

Rocket Lawyer

Assisting in the formation of over 800,000 businesses, partnerships with experienced legal professionals like Rocket Lawyer makes for a great option to serve as your registered agent service, all thanks to their 100% satisfaction guarantee. Although their services cost slightly more, they can still provide a full year for free if you subscribe to their Accelerate legal service plan for $49.95/month. Additional benefits include:

  • The company is supported by Google Ventures
  • Norton Web Security Protection & Information website
  • Legal Services Pan which includes consultations with business attorneys

Incfile

Classified as high-quality registered agent services and boasting over 150,000 customers served since 200, Incfile offers lower prices and a free subscription for one year with any incorporation filing purchase. They also provide their clients with a user -friendly website, that is protected by Norton Web Security, and free information available in their Learning Centre.

Northwest Registered Agent

If industry experience and premium customer support are important to you then the following might be the best service for you. Established in 1998, Northwest Registered Agent has made a name for themselves and is one of TRUiCs’ top picks as they are known to being the most friendly LLC service available. Not only do they provide the best email/phone support, but they also locally scan every document you receive, ensuring that you will never miss paperwork and eradicating surprises.

Harbor Compliance

Whilst getting great customer support and a unique dashboard, Harbor Compliance’s registered agent services will also offer discounts to their customers who pay up-front for multiple years and service to those in multiple states. Plus:

  • Website protection by Norton and Trustwave
  • Free compliance guides and whitepapers
  • Document delivery and scanning on the same day

ZenBusiness

After careful consideration of many other registered agent services, ZenBusiness has been rated best. This small business formation service was founded in 2015 by a team of entrepreneurs who cracked the code to the barriers that others continue to face today and help their respective clients launch their businesses successfully.

Not only will the start of your enterprise go smoothly, but they will also help you stay compliant with government laws, accept service of process and other tax and legal documents, and provide you with an overall peace-of-mind so you can focus all your time and energy on running your business.

LegalZoom

Although LegalZoom is the costliest of these options, they had to be mentioned as this registered agent service has extensive experience and capabilities with an informative and North Secure Website and a broad range of business services. Boasting with a large platform of nearly 4 million customers, LegalZoom may be more convenient for you if you have other legal services operating through them as well.

Why should you designate a registered agent service for your business?

By appointing a suitable registered agent service you will be able to maintain your privacy, be alerted to legal obligations that may crop up without breaking the bank or complicating things, and these registered agent services will ensure that you never miss a beat when it comes to crucial paperwork and delivery of important documents. There really aren’t many downsides to working with an online registered agent service provider, and the penalties for not having a registered agent heavily outweigh the cost.

 

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Transatlantic startups 2021: How To Choose a US Incorporation Specialist

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Transatlantic startups 2021: How To Choose a US Incorporation Specialist 2
  • Start-ups created over 3 million jobs in the U.S. alone in the past 12 months.
  • The highest five-year survival rate for new businesses is mining, at 51.3%.

With the high rates of US startups and the pandemic-imposed inability to travel abroad to take care of business in person, company formation services have seen peak demand. Below we discuss the latest about this trend and how the market responded.

An Incorporation Specialist (which can often be referred to as a registered or statutory agent depending on your state), is a corporate entity or professional individual that voluntarily and overtly accepts to undertake personal responsibility over a plethora of legal documents and formalities on behalf of your business.

This is commonly carried out during the official filing of your business’s Articles of Organization and- as further analysed below, can provide a plethora of benefits for you and your business. Such benefits include ensuring that a sufficient level of corporate and legal compliance is always being carried out by your business’s practices, and can save you a significant amount of both time and effort. Consequently, choosing the right incorporation specialist is extremely important.

Suggested video – LLC Formation in the US:

US Start-ups: A Quick Overview

Most commonly, persons erroneously associate the word ‘start-up’ with businesses of a relatively small business size- operating with a team of maybe just 5 different employees and often involving a prolific amount of chaos and disorganisation. In fact, however, a corporation can go on to operate for several years before evolving into a larger-scale business type- a matter further analysed below.

The ‘definition’ of a start-up can encapsulate a surprisingly large number of corporation types, and businesses tend to predominantly ‘evolve’ into large-scale business modules by either: a) opening more than just one office, b) becoming acquired via an acquisition or a takeover, or c) encompassing a total revenue of over $20 million.

Despite the rather ‘loose’ definition of a start-up, the fact is that over 90% of such aforementioned companies end up going bankrupt within their first five years of operation. This is one of the key reasons that make choosing an effective incorporation specialist for your business a crucial task. A prolific, eminent incorporation specialist can provide a plethora of commercial and structural benefits, and undeniably bring in the best llc services for your business start-up.

Choosing the Right Incorporation Specialist

As briefly touched on above, choosing the right incorporation specialist can go a long way in securing both: a) peace of mind, and b) a sufficient level of legal compliance for you and your business.

In ensuring you pick the right incorporation agent for you and your business, always ensure you:

  1. a) Choose an eminent, nation-wide provider– this is particularly essential if your business operates in several states as working with a variety of different specialists can commonly yield inefficient results- due to an abundance of unnecessary paperwork and a significantly increased risk of a legal document or a potential annual renewal falling ‘through the cracks’ and being missed.
  2. b) Choose a professional service- this can go a long way in ensuring you do not have to constantly worry about having to file an update with a relevant government agency every time your contact information or office location changes- saving you a prolific amount of irreplaceable time. Additionally, by picking a professional service to represent your company, you are much more likely to see a consistent level of document filing and legal compliance and avert any legal crisis where your legal documents are not made available to you in time.
  3. c) Evaluate the service’s software– your incorporation specialist needs to offer a reliable operating software that can consistently ensure a timely and efficient transmission of your relevant legal documents is available in the format of your preference. This way, you are likely to see a holistic reduction in your business’s paperwork and significantly improve your company’s overall internal communication.

Final Take

As touched on above, your incorporation specialist can serve as a crucial part of your business. Picking the wrong service provider can lead to disastrous results- especially in relation to missed subpoenas or late annual renewals. Multiple US states should be considered and their respective benefits ought to be compared.  Given the potential risks, it is absolutely essential to ensure you accord an adequate amount of time and effort into choosing the best incorporation specialist for you and your business and consequently save a prolific amount of time and effort in the long run.

 

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Boeing planned to replace 777 engine covers before failures: WSJ

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Boeing planned to replace 777 engine covers before failures: WSJ 3

(Reuters) – Boeing Co was planning to replace engine covers on its 777 jets months before a pair of recent serious failures, the Wall Street Journal reported on Thursday, citing an internal Federal Aviation Administration document.

The U.S. Federal Aviation Administration (FAA) on Tuesday ordered immediate inspections of 777s with Pratt & Whitney <RTX.N> PW4000 engines before further flights, after an engine failed on a United Airlines 777 on Saturday.

The planemaker and the FAA had been discussing potential fixes for about two years, following an earlier incident in 2018, according to the Journal.

Boeing did not immediately respond to a request for comment.

Although immediate attention has focused on the engine’s manufacturer, Pratt & Whitney, Reuters has reported that its cowling, or casing, is manufactured by Boeing.

Boeing has declined to comment on its manufacturing role and referred questions on the part to U.S. air accident investigators.

The inspections affect older 777s fitted with Pratt & Whitney engines. Newer models, mainly powered by rival General Electric, are not affected.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Ramakrishnan M. and Jane Merriman)

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