Brixton news, rumour and general chat - May 2015

[Dan U]

Yeah that's just a way of not becoming liable if it goes tits up. There's a hierarchy of preferential creditors, with staff and suppliers at the bottom, and you would be forgiven for being suspicious of anyone who sets up a small enterprise in that way at the outset. Essentially there is an increased reporting requirement but also more protection for creditors than with a sole trader (so the theory goes) and - surprise - many people who set up under this guise don't file accounts like they should and go bust, without paying anyone.

It's not just for that reason. If you aren't a sole trader, for example, you need to be limited.

Thats a pretty cynical view, not withstanding that that does happen.

 

[teuchter]

There was only one Telegraph. Lambeth Licensing should retire this jersey/number and make them re-apply under a new one.

I agree.

 

[gdubz]

I agree.

Oh fuck - now everyone will hate me...thumbs

 

[Mr Retro]

That link says that the aforementioned red trousers lot are 'Private limited with share capital.' Does that mean they're

No, it's simply how a company is normally set up.

E2a: Dan U beat me to it

 

[gdubz]

It's not just for that reason. If you aren't a sole trader, for example, you need to be limited.

Thats a pretty cynical view, not withstanding that that does happen.

Unfortunately I work in that field....

 

[Dan U]

Unfortunately I work in that field....

What field?

Running a limited company or dealing with liquidation?

If it's the latter I get how you would think that for sure.

But I doubt most people setting up a company do it with the express position of how they can fuck people over.

It does happen though, for sure.

Eg. I bet that pub that has been ordered to be rebuilt by Kensington and Chelsea council is never rebuilt as no one will ever find someone legally liable.

However most people set up the arrangement most suitable to them. Some trader or limited company.

 

[Winot]

It's not just for that reason. If you aren't a sole trader, for example, you need to be limited.

Or an LLP, or a traditional partnership, no?

 

[gdubz]

Accountancy - sorry. They pay you to tell them the rules, they decide what ones they want to adhere to, you do the accounts, they "declare" for themselves. A basic one would be someone who works from home and claims the electric for the whole flat as a deduction from their earnings - most sole traders are up to it, hmrc's never going to check. Is is fair to the person who works as an employed individual and can't claim any expenses? Not really. I see it a lot, though.

 

[Dan U]

Or an LLP, or a traditional partnership, no?

I'm not as up to date with the LLP stuff, I must admit.

 

[gdubz]

I'm not as up to date with the LLP stuff, I must admit.

LLP is the same as partnership, but with liability caps - more exposure for the partners if it goes tits up, but less regulation than a company. Nowadays if you want a big thing, you set up an LLP and then that owns the company where all your people actually work - then you push the profits through to the LLP members as dividends so they pay a lower rate of tax. Gentrification anyone?

 

[Dan U]

LLP is the same as partnership, but with liability caps - more exposure for the partners if it goes tits up, but less regulation than a company. Nowadays if you want a big thing, you set up an LLP and then that owns the company where all your people actually work - then you push the profits through to the LLP members as dividends so they pay a lower rate of tax. Gentrification anyone?

Have noticed a lot of lawyers etc are LLP

 

[gdubz]

Have noticed a lot of lawyers etc are LLP

Yes. And the people who work in that "partnership" (if they aren't a partner) are technically employed by a ltd company...

 

[gdubz]

Perhaps we should open a new thread about corporate structuring? If anyone wasn't already aware, brixton is dead....

 

[Dan U]

Still unclear how this means a local business running as a Ltd company means they are setting out to fuck over suppliers, but anyway.

 

[gdubz]

If you set up a Ltd company for your proposed non profit venture you would be classed as the same

Oh yeah - for non-profit that's fine. Happy to help if anyone needs bean counting.

 

[editor]

I'm glad the cops talked the man down but I'm not sure if the hashtag is entirely necessary

 

[Winot]

Have noticed a lot of lawyers etc are LLP

They mostly converted from traditional unlimited liability partnerships. LLPs provide some of the same opacity but with liability caps as noted above (LLP = limited liability partnership).

 

[David Clapson]

Great shots of Reclaim Brixton on C4 News tonight http://www.channel4.com/news/stanley-greene-uk-election-war-photographer

 

[friendofdorothy]

I'm not worried about individuals and companies trying to earn a living in Brixton, we've all got to live. No matter which ones you like or don't, whether or not you think they qualify as 'community'. The businesses, shops, bars and restaurants here are all part of Brixton too.

I'm more concerrned global megacorps taking over our city, taking over the world.

 

[Gramsci]

Is is fair to the person who works as an employed individual and can't claim any expenses? Not really. I see it a lot, though.

A free lancer or sole trader gets no sickness pay, holiday pay or redundancy pay. Unlike most of those employed.

If they freelance for some large organisation, like a friend of mine does, they always have the threat of being let go with no reason

They along with Temp workers, zero hours workers are the "precariat"

btw employed people can sometimes claim expenses. Nurses can for clothes they use for work.

 

[madolesance]

And here's another- http://www.hot-dinners.com/Gastrobl...open-nanban-izakaya-and-ramen-shop-in-brixton

 

[madolesance]

And some more coming to Pop Brixton-

K O I Ramen says- let this flower blossom... and 10 food kiosks, 4 mini restaurants & 4 bars r gonna make this place ROCK!

 

[editor]

And here's another- http://www.hot-dinners.com/Gastrobl...open-nanban-izakaya-and-ramen-shop-in-brixton

After a much-anticipated wait, Tim Anderson has announced the opening of Nanban, his first restaurant in Brixton.

I must have missed out on all that anticipation.

 

[ViolentPanda]

I'm not worried about individuals and companies trying to earn a living in Brixton, we've all got to live. No matter which ones you like or don't, whether or not you think they qualify as 'community'. The businesses, shops, bars and restaurants here are all part of Brixton too.

I'm more concerrned global megacorps taking over our city, taking over the world.

Although it needs to be borne in mind that some of those chi-chi independent restaurants and small local chains aren't what the seem, and are backed by "big money" in a way that a lot of true independents never will be.

 

[Ms T]

Looks like it will be where Gyoza is now. I'm actually quite excited!

 

[ViolentPanda]

I must have missed out on all that anticipation.

To quote Dr Frankenfurter, "I'm just shuddering in antici...............................................................................pation!!

 

[madolesance]

I must have missed out on all that anticipation.

There's only so much anticipation to go around. Pop Brixton have probably commandeered most of it.

 

[Gramsci]

I don't think Marx ever used the two words together- because to him the rentier class and the capitalist system were inextricably linked. Capitalism produced a class that lived off the work of others: that class invariably stared to move capital around, ergo were rentiers. Rentier capitalist is like saying bad capitalist, as opposed to good capitalist; he never accepted there were good capitalists. I always find it a very odd phrase for Marxist leaning left wingers to use tbh

I was also looking around the net for more info on this to reply to friendofdorothy

You are right.

Just realised that its a big subject and I do not really know enough about it.

Marx didn’t use the words together. A discussion is that Capitalism has changed since Marx day. Now appropriation of resource purely to charge rent for them is increasing. Rather than producing anything useful.

But its good point to make that Marx did not make a distinction between good and bad Capitalism.

Unlike liberal writers like Hutton (?). The idea one hears often of the "real economy" ( making things) opposed to the financialisation of the economy ( which is what I think rentier capitalism also refers to). That we should move back to balanced economy. Be more like Germany which has manufacturing base.

So perhaps use of term rentier misses the point.

Makes me realise I really need to find cheap copy of Capital volume two. I have it online but hate sitting in front of computer to read.

Still Manter- this is not new. I heard a radio programme about Trollopes novel "The Way We Live Now" A satire on the City of London written in the 19c. People running around making money out of money. Government and big business in cahoots. All sounds familiar

Have not read it. Looked at it. Find his writing a bit old fashioned. Even if his satire has parallels with now. Still cannot recommend more highly Balzacs Cousin Bette. Both these works seem relevant now.

The trouble with theory is that the more one knows the more one realises there is more to learn. Same thing with history.

 

[Gramsci]

There's only so much anticipation to go around. Pop Brixton have probably commandeered most of it.

There is a Q&A set up by Reclaim Brixton next week

Reclaim Brixton have arranged an open to the public Q&A with Philippe Castaing Commercial Director of the much whispered about POP BRIXTON storage container campus to open shortly on Popes Road.

This is your chance to hear from the horses mouth the projects intentions and see if they and Lambeth really have the communities interest at heart and how they will continue to engage to commit to their remit.


There will be fixed questions forwarded by people to Pop Brixton with an open Q&A at the end.

 

[Tricky Skills]

Here's the April round up of Brixton Buzz news. These pieces are taking longer to write...