Episode 164: Electric Bicycles and S vs. C Corps

Episode 164 originally broadcast on July 26, 2008

The School of Business for July 26, 2008

Russ and John present the program for the innovators who are the future of our country. Includes: BusinessMakers Quote of the Week - a catchy turn-a-phrase from our business colleague Bob Hill; This Week in Business History presents such intriguing topics as the U.S. Postal Service, potash, Milton Friedman and Elvis; Navigating Business Jargon - buzzwords and technospeak that require disclaimers and a social setting; and Dumbest Moments in Business History - the Sarbanes-Oxley Act did not exactly turn out the way it was intended.

Jim Wood & Jock Drummond of Veloteq Corp.

Russ visits with Jim Wood, founder, president and CEO of Veloteq Corp., and Jock Drummond, founder and president of Gulf Coast Veloteq. Veloteq manufactures low power/assisted electric bicycles - those great battery-powered bikes. And lately these vehicles are becoming REALLY popular! These "e-bikes" can go 35-45 miles on a $.15 charge, have no harmful emissions and a new battery currently being developed can be re-charged in about an hour.

Flashback - Chris Colvert

Flashback with the BusinessMakers to a visit last year with Chris Colvert, attorney. The late, great Mr. Colvert had a gift for practicing law, and a passion for music and teaching. In this segment, Colvert explains the difference between incorporating as an "S" corporation or the standard "C" corporation.