It’s understandable how someone might leave a shopping bag or a small item like keys or a wallet in a taxi. However, in 2008, violinist Phillip Quint left his multi-million dollar Stradivari in a New York City taxi. The taxi driver discovered the instrument and returned it. Like musicians, business owners sometimes forget important tasks relating to their business entities. Although some forgotten tasks may be correctable, others are not. By forgetting to pay attention to their business entities, an owner can lose it forever.
Read MoreViolins need regular maintenance. Violinists usually change their own strings and clean and polish their instruments, as well as make minor bridge adjustments. Most will not attempt a bow rehair, “cutting” a new bridge, or even a sound post adjustment, much less anything involving the varnish or structure of the violin. Businesses, like violins, also need regular maintenance. What needs to be done may well depend upon the type of business and how many owners and employees it has.
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Today, a rite of passage for many fourth graders it to choose a musical instrument to play. Children learn about three major instrument groups – strings, brass, and woodwinds, each of which has within it several options suitable for elementary school students, including violin, viola, and cello for the string instruments, trumpet, trombone, and baritone for the brass instruments, and flute, clarinet, and perhaps, saxophone, in the woodwinds. New business owners face a similar dilemma in selecting the type of structure to use when forming the business.
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