Business

Hiring an LLC formation Service has Become a Common Thing for Business Firms: Survey

Published

5 years ago

March 26, 2020

A global survey has highlighted that lots of new and old business firms have been focusing on hiring LLC formation services. As the awareness about the benefits of forming an LLC is rising exponentially, it has become common to see an increase in the demand for LLC formation services in the business world. More and more businessmen are converting their businesses into an LLC to operate without any stress.

Many experts have expressed that converting a given business into an LLC offers tax benefits and it reduces the liability of business owners towards their business. If a business operates as a partnership firm, then only the business owners are liable to pay for any debt or financial loss. While when a business is registered as an LLC, it reduces the liability of any business partner towards business and he doesn’t need to sell his personal assets to recover from any loss.

Due to this, the demand for LLC formations services has been rising on a large scale as more businesses are now hiring such services to form an LLC. And plenty of LLC formation services are available online which is simply making it difficult for people to choose a suitable one. In order to make the right decision, many businesses have been taking the help of experts in this sector.

A lot of businesses have been reading Incfile review and hiring its service to convert their business into an LLC. Due to the online availability of its LLC formation services, it has become possible for people to make use of such LLC services on a large scale.

Business

Derik Fay: A Multifaceted Entrepreneur, Investor, and global business leader

Published

15 hours ago

March 21, 2025

Matthew Wiles

Derik Fay is a renowned celebrity entrepreneur, investor, and business leader with a diverse portfolio of successful ventures and a deep-seated passion for empowering others. His journey from humble beginnings to his extraordinary achievements is a testament to his resilience, strategic thinking, and unwavering commitment to making a positive impact on the world.

Born on November 19, 1978 and raised in Westerly, Rhode Island, Fay’s entrepreneurial spirit emerged at a young age. He founded his first large company at 22 (Around the Clock Fitness) that quickly became Floridas largest, and most successful independently owned fitness chain in the state before selling it to the publicly traded company Towns Sports International in 2109.

Sine that time he has built and scaled over 30 highly successful companies, achieving remarkable exits in the 7-to 9-figure range. His expertise spans various industries, including health & fitness, real estate, financial services, hospitality, and technology to name just a few.

Fay is also the founder and CEO of his main holding company 3F Management, (founded 2094) a venture capital and operational management firm that provides operational infrastructure, financial support, strategic partnerships, and other value add services directionally focused towards scaling and exiting.

Under the umbrella of 3F Management, Fay currently owns, is a co-owner, or is a cap table advisory member of over 40 other successful and growing brands.

Tycoon Payments, Results Roofing, BKFC, ManCandy, Fort North Media, Spintel, SendBuzz, Ritas Italian ice, FayMS Films, Eratyc Entertainment, Tycoon Funded, Pure Peptide Solutions, and 3F Financial, are just a few of the rapidly growing companies and brands that fill Fay’s entrepreneurial days.

Beyond his business ventures, Fay is a dedicated philanthropist, actively supporting various charities and causes. He is passionate about empowering the next generation of entrepreneurs and believes in the power of education and mentorship to create positive change.

Fay’s personal life is as fulfilling as his professional achievements. He is a devoted father to his two daughters, Sophia Fay (18) and Isabella Fay (16), and is engaged to his fiancée, Shandra Phillips (35) and is to be married in January 2026, in Naples Florida.

He enjoys spending time with his family, traveling, and pursuing his life long passion of health and fitness thru weightlifting and bodybuilding.

Derik Fay’s multifaceted career and unwavering commitment to excellence has established him as a respected figure in the business world, and a has gained global notoriety as role model for aspiring entrepreneurs.

His story is such an inspiration to all who seek to overcome challenges, achieve their goals, and make a meaningful impact on the world that Netflix is in post production on the documentary style film about Fays life journey from poverty to global success.