Archives for January 8, 2013

Become invincible to lawsuits & save thousands in taxes

By Josh Litwin, Memento Press
You may have known that America is, by far, the most litigious society in the world. But did you know that, over the last 20 years, lawsuits against small business have exploded? DIMA2013 Conference speaker GK Mangelson tells us it’s not whether you will be sued, but when. He recounts stories of owners who didn’t even do anything wrong themselves, only to lose everything through a now-accepted loose interpretation of the law.
In this environment, he strongly suggests we never, ever hold our assets as sole proprietorships.  He also puts personal or joint ownership of assets in the same “NEVER do this” category. We are making it easy for plaintiff’s attorney to take our company, home & savings. Instead, he argues that we put our assets into some form of limited partnership or other protected legal vehicle, especially a family limited partnership. In this environment, he categorizes our assets into two categories. The first are “safe” assets, that are not likely to trigger a lawsuit. These include stocks & savings for example. Then there are “unsafe” assets, such as homes, real estate & vehicles, that can be involved in an accident. GK went on to describe how to manage these “safe” & “unsafe” assets in a way that compartmentalizes your potential liability.
In addition to protecting us from lawsuits, GK argues that plenty of our wealth is lost paying taxes we can avoid, along with poor estate planning. Corporations are a terrific vehicle for saving taxes, and can also be the general partners in an LP. He showed how you can create a structure using the tax advantages of a corporation & the liability protection of an LP to create a personal asset management system.
The bad news: not many lawyers & accountants are experts in this stuff. GK’s company, American Society for Asset Protection, sells a kit that you can give to your attorney, that will help them do their job correctly, and hopefully at lower cost, than they might otherwise. Details can be found at:

Pentax Retro camera features fast lens


Pentax says its MX-1 will appeal to a wide variety of photo enthusiasts with its design and vintage lines — and fast F1.8-2.5 lens.

“Encased in brass covers with an ergonomically-pleasing, texturized grip, the MX-1’s body is a tactile experience,” the company says. “The brass panels are cool to the touch and its high-end composition feels substantial in the hand, enabling simple and intuitive handling.” The lens “makes creating beautiful focusing effects and bokeh achievable, enabling heightened creative expression and artistic personalization.” It’s a 4x zoom.

Also, the Handheld Night snap mode helps the photographer capture blur-free night-time images by taking multiple images at one time, then synthesizing them into a single composite picture, Pentax adds.

The $500 camera has a 12-megapixel sensor and a 3-inch articulated LCD.

Canon even-smaller compact tells stories


How do you differentiate your compact cameras these days? With its PowerShot N, Canon is trying two tactics: a square small shape, and features to make the camera “the ultimate storytelling tool.”

With a “sleek and distinct design,” the PowerShot N measures 3.09 x 2.37 x 1.15 inches, making it ideal for quick on-the-go shooting, the company says.

The new Creative Shot mode enhances artistic expression and helps people’s creativity , Canon says: the imaging mode “intuitively analyzes an image and automatically creates a series of five artistic photos of the original with varying composition, lighting and color.”

The N has shutter and zoom rings on the 8x optical zoom lens, a 12-megapixel sensor, and a 2.8-inch tilting touchscreen. WiFi connects the camera to mobile devices to upload images. It will sell in in April  for $300.

Canon also updated its compact line with the PowerShot Elph 130 IS, A2600, and A1400.

More information is here.

Ron Inkley receives PMA/DIMA Lifetime Achievement Award

Ron Inkley

On behalf of his father, Ron Inkley, Mat Inkley (left) accepts the PMA/DIMA Lifetime Achievement Award from PMA Executive Director Jim Esp. Photo by John Swainston.

The Digital Imaging Marketing Association (DIMA), a PMA member association,

honored Ron Inkley with the PMA/DIMA Lifetime Achievement Award at the Wynn Las Vegas XS Nightclub at Encore. The award was received by Inkley’s son, Mat, on behalf of Ron, who was unable to attend.

The PMA/DIMA Lifetime Achievement Award recognizes individuals whose vision and body of work have guided and helped shape the future of digital imaging. Inkley is only the fourth individual to receive this honor since the establishment of the award, joining Graham Nash, Mac Holbert, and George E. Smith.

Inkley opened his first photo specialty store in 1947, and built that business to more than twenty stores in four states. He has served the industry in many positions over the past 5 decades, including as President of PMA from 1972-1973 and many years as President of the Photographic Research Organization (PRO). He is a recipient of both the PMA Distinguished Service Award and the PMA Hall of Fame Award – the Association’s highest honor.

Most recently, he and his son Mat opened a new business, The Imaging Depot.

Jim Esp, Executive Director of PMA, who presented the award at a ceremony held Jan. 7, 2013, said, “On behalf of DIMA, it is an honor to give Ron Inkley this much-deserved recognition of a lifetime dedicated to growing and serving the imaging industry.”

PMA to help imaging manufacturers increase sales and expand market reach through The Big Photo Show

The Big Photo Show will bring suppliers, retailers, labs and service providers together with consumers who are passionate about photography and videography.

Imaging manufacturers and retailers to benefit from direct sales pipeline to the most valuable photo consumers, on The Big Photo Show floor

 The Big Photo Show, just announced by PMA, the Worldwide Community of Imaging Associations, is an exciting opportunity for the top imaging suppliers and dealers to meet, interact with and sell products directly to the most avid photo buyers in the marketplace.

The inaugural event will be held from 10:00 a.m. till 6:00 p.m. on May 4-5, 2013, at the Los Angeles Convention Center, Los Angeles, California.

The Big Photo Show will bring tens of thousands of photo enthusiasts – a demographic that spent an average of $1,565 on photography equipment and related purchases in 2011* – in direct contact with exhibitors, who will demonstrate and sell their products and services to these most valuable customers in the imaging industry.

“PMA is all about promoting the growth of the imaging industry, and there is no better way to do that than by helping manufacturers, retailers, labs and service providers sell more units and make more money. That is exactly what will be happening at The Big Photo Show,” said PMA President Allen Showalter. “This is a golden opportunity for exhibitors to sell products and create new customers right there on the spot, and then keep them for a lifetime.”

In addition to the chance to find and purchase the latest imaging equipment and accessories, photo enthusiasts attending The Big Photo Show will discover tips and tricks from professional photographers, improve their skills, experience the latest photo and video innovations, learn about new imaging services, and find communities of like-minded enthusiasts, in person and online through

Companies interested in exhibiting or in sponsorship opportunities at The Big Photo Show can contact Jeff Frazine at for more information.

*From the 2011 Rise of the Amateur Report