Since the tragic incidents that took place in 2001, the level of security for government agencies has grown exponentially. According to the U.S. Security Spending Since 9/11 (2011), “The United States has spent more than $7.6 trillion on defense and homeland security.” This statistic caused a group of veterans to look at their surroundings and contemplate what is happening at home, where their families live and work? After much consideration and evaluation of current statistical and analytical data, two veterans, both from the U.S. Army, developed a plan to fill a negated market; Americas’ communities. They are vulnerable to activities that even law enforcement has a difficult time managing.
During a conversation about the homeless veterans and the high unemployment rate of returning veterans. The idea came about to develop a security guard agency that served two purposes. The first topic would address the philanthropic perspective of giving back to society. The concept was to employ the veterans as guards. These veterans have special training and one thing that they would want more than anything is that honor to be able to continue their service to the same country that they volunteered to serve. The second perspective was to deploy these specially trained (now civilians), in the communities that they live in. From this idea Stryon Businesses LLC was formed. Business Structure During the development stage of Stryon Public Safety & Security it was discussed how the company structure should be formed and what the future of the company was going to look like. …show more content…
With the prospect of other business in mind it was unambiguous that the company structure be set in such a manner as to relieve the liabilities off of the owners and allow the development of the business to be formed without seeking outside sources of funding. During the research to establish the company, the evaluation of the different perspectives was diligently contemplated. Many of the options were quickly eliminated do to their structures. The decision fell solely upon the creation of a limited liability company; as this structure provided the best options for a start-up company with only two owners. Another aspect that was considered was expansion of services within the company. In the state of Arizona many different aspects of the security business must be filed as different businesses. For instance, Stryon Public Safety & Security supplies patrol units and standing guards. If the company decides in the near future to entertain the idea of private investigation or a tow company, the filing process has to be done individually as separate entities. This brought the company to a decision to establish Stryon Businesses LLC, DBA. Stryon Public Safety & Security, which allows us room for growth. LLC benefits. The perks afforded to the owners by choosing to incorporate the business as an LLC were that the benefits outweighed the perceived disadvantages and are typically unavailable to sole proprietorships (BizFilings, 2016). The company is able to take advantage of protected assets, this means that the owners are not responsible for the business debts, thus any creditors cannot pursue the personal assets should anything occur that may cause a failure of the business. Another perk is Pass-through taxation where the company does not pay taxes at the business level and any income or loss is “passed-through” and reported on the personal income taxes (BizFilings, 2016). Forming an LLC also provided a …show more content…
At Stryon Public Safety & Security, the organization chart is three overlapping circles. Within the Business Development Circle are the responsibilities for marketing and sales. While it is realized that these are two complete and separate departments it is imperative that these two departments work hand in hand with one another to meet the demands of the company. In the Operations Circle are the responsibilities for delivery of the security services and the overall culture of the company. The Support Circle provides the support for all functions of the company and its various departments. The Overlapping Areas represent the Board of Executives that monitor and oversee all general management functions such as planning, budgeting, and human relations. The overlapping areas emphasizes the interdependence between departments and encourages the participation and collaboration of all
During a conversation about the homeless veterans and the high unemployment rate of returning veterans. The idea came about to develop a security guard agency that served two purposes. The first topic would address the philanthropic perspective of giving back to society. The concept was to employ the veterans as guards. These veterans have special training and one thing that they would want more than anything is that honor to be able to continue their service to the same country that they volunteered to serve. The second perspective was to deploy these specially trained (now civilians), in the communities that they live in. From this idea Stryon Businesses LLC was formed. Business Structure During the development stage of Stryon Public Safety & Security it was discussed how the company structure should be formed and what the future of the company was going to look like. …show more content…
With the prospect of other business in mind it was unambiguous that the company structure be set in such a manner as to relieve the liabilities off of the owners and allow the development of the business to be formed without seeking outside sources of funding. During the research to establish the company, the evaluation of the different perspectives was diligently contemplated. Many of the options were quickly eliminated do to their structures. The decision fell solely upon the creation of a limited liability company; as this structure provided the best options for a start-up company with only two owners. Another aspect that was considered was expansion of services within the company. In the state of Arizona many different aspects of the security business must be filed as different businesses. For instance, Stryon Public Safety & Security supplies patrol units and standing guards. If the company decides in the near future to entertain the idea of private investigation or a tow company, the filing process has to be done individually as separate entities. This brought the company to a decision to establish Stryon Businesses LLC, DBA. Stryon Public Safety & Security, which allows us room for growth. LLC benefits. The perks afforded to the owners by choosing to incorporate the business as an LLC were that the benefits outweighed the perceived disadvantages and are typically unavailable to sole proprietorships (BizFilings, 2016). The company is able to take advantage of protected assets, this means that the owners are not responsible for the business debts, thus any creditors cannot pursue the personal assets should anything occur that may cause a failure of the business. Another perk is Pass-through taxation where the company does not pay taxes at the business level and any income or loss is “passed-through” and reported on the personal income taxes (BizFilings, 2016). Forming an LLC also provided a …show more content…
At Stryon Public Safety & Security, the organization chart is three overlapping circles. Within the Business Development Circle are the responsibilities for marketing and sales. While it is realized that these are two complete and separate departments it is imperative that these two departments work hand in hand with one another to meet the demands of the company. In the Operations Circle are the responsibilities for delivery of the security services and the overall culture of the company. The Support Circle provides the support for all functions of the company and its various departments. The Overlapping Areas represent the Board of Executives that monitor and oversee all general management functions such as planning, budgeting, and human relations. The overlapping areas emphasizes the interdependence between departments and encourages the participation and collaboration of all