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Should You Buy A Business Or Start One From Scratch?

Hope your New Year is off to a great start! As you’re looking to make 2017 a year of prosperity, have you set your sights on becoming a business owner? If so, you’re probably wondering whether buying an existing business or starting your own company will offer the best chances of success.

Both have their advantages and challenges, so how do you choose? I wish there were an easy answer, but I’m afraid you’ll need to do some research and put some serious thought into your decision. As you explore your options, consider the following pros and cons of starting a business from scratch and buying an established one.

Pros Of Starting From Scratch
• You begin with a squeaky clean slate, establishing and building your brand reputation from Day 1.
• You build your team fresh and new, selecting the right people for the right positions.
• You create your workflows to maximize productivity, without having any inefficient past processes to “fix.”
• You choose and develop the products, services, and packages you’ll offer to your customers.
• You establish your pricing to ensure profitability from the start.
• You choose your business’s legal structure to ensure the degree of liability protection you need and the most favorable tax situation.

Pros Of Buying A Business
• You have customers and incoming revenue immediately.
• You have employees who already know how to do their jobs and don’t need training.
• You have built-in processes and systems to operate your business efficiently.
• Your services and products are already to market, and you have established sales channels to get them into customers’ hands.
• Your business is already registered and has the necessary permits and licenses to operate legally in your state.

Cons Of Starting From Scratch
• You do all the legwork, including researching the registration requirements to form an LLC or incorporate your business and filing your state, federal, and local paperwork to operate legally.
• You don’t know for certain that your business idea will be viable and sustainable.
• You have to develop and put into place all the internal systems and processes needed to operate your business.

Cons Of Buying A Business
• Existing employees may be resistant to accept your leadership.
• If you find processes aren’t working efficiently, it may be difficult to initiate change because everyone is used to doing things a certain way.
• You may discover the legal business structure the former owners selected isn’t ideal.
• You may find your brand’s reputation isn’t as positive as you’d like it to be—that might be difficult to turn around.

As you can see, there’s a lot to think about as you weigh the options of starting your own business or purchasing one that is already up and running. I advise you to do your homework before deciding which route to travel. And consider seeking the guidance of respected and reputable professionals (attorneys, accountants, business consultants, etc.) who can help you understand the financial and legal aspects of what’s involved.

Remember, whether you’re starting a business or opt to buy and run one that’s already established, CorpNet is here to assist you with all your business registration and compliance obligations. Contact us today to help you take care of your filings so you can take care of business!

 

 

Announcing the CorpNet Partner Program – Recorded Webinar Explains the Program in Detail

The CorpNet Partner Program is already ahead of expectations. Partners are signing up rapidly. They are already selling formation services and making their clients happy while increasing their revenue. We are so pleased with the results and we want to thank all of our partners for their commitment and friendship. 

Recently, our CEO, Nellie Akalp hosted a webinar on astUtemy helping our partners learn about the program. The questions where amazing and plentiful and we recorded it! Now you can watch that webinar as often as you wish to make sure you know and understand the program so you may achieve maximum benefit.

If you’re not yet a partner, sign up right now. Click here to get started. It takes only seconds, it’s free and you will make more money right away.

By | January 14th, 2017|Partner Program|0 Comments

Dos And Don’ts When Transferring Leadership Responsibilities: Lessons To Learn From Obama and Trump

Changes in leadership don’t always happen seamlessly—or amicably. As is evident with the imminent transfer of leadership from President Obama to President-Elect Donald Trump, many factors influence how smoothly (or not) a change in authority will happen.

Whether you’re taking over running a business or handing over the reins to your responsibilities to someone else, expect some bumps in the road. But be careful not to become a source of agitation and dissent through the process. This recent presidential election, which has been simultaneously entertaining and frustrating at times, can teach us some valuable lessons about what to do and what not to do during a leadership transition.

 

Lessons Learned From Obama and Trump: The Dos And Don’ts Of Changing Leaders

  • Don’t undermine the capabilities of either the incoming or outgoing leader.

If you’re the new boss in town, bad-mouthing the outgoing person in charge won’t sit well with those loyal to their incumbent leader. And if you’re the one passing the baton, lack of confidence in the new leader will create distrust and distract employees from performing to their potential. To minimize the stress your team may already be feeling over the change, resist the impulse to undercut the qualities and strengths of one another

  • Don’t expect everyone to be enamored with the change.

While some of your staff members might be excited about the new era ahead, you can bet others will be anxious, annoyed, or angry—possibly all three. Prepare to bear the brunt of their harsh criticism whether you’re the new leader or the one leaving your post.

  • Don’t underestimate the power of words.

I saw a quote online that really resonates with me, “Words are free. It’s how you use them that may cost you.” Keep this in mind as you navigate the challenges of handing over or accepting leadership responsibilities. Through this recent presidential election, we’ve seen how choosing and using words reactively can create animosity and negativity. Before speaking and before writing, pause to think about your words and choose them carefully before you share them with business colleagues, employees, vendors, customers, and the public at large.

  • Do show enthusiasm for continued progress toward common goals.

Find points of agreement where you and the other leader can demonstrate unity. Sure, you may not see eye to eye about plenty of things related to how the business should be run, but now isn’t the time to dwell on that. Your employees need to have some sense of consistency and common ground.

  • Do provide/accept information and insight to make the transition fluid.

As the outgoing leader, be cooperative by openly sharing essential information with the new leader so she can more adeptly step into your shoes. As the new leader, be open and receptive to the insight the outgoing leader has to share. Put ego aside and realize your predecessor has knowledge and experience that can help you lead more effectively.

 

Your Top Priority As A Leader

Both outgoing and incoming leaders have one thing in common: a job to do! Pointing fingers, making snarky remarks, and stirring up drama will only distract you from doing right by those who work in your business and those who do business with your company. If you keep that in mind through every step of the process, the transfer of leadership will go much more smoothly.

 

Remember, Corpnet.com is here to help leaders of businesses in all industries take care of the business filings needed to legally run their companies. Check out our FREE Corporate Compliance Tool, and contact us today about how we can save you time and money.

 

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By | January 13th, 2017|Corporate & Business Law, Entrepreneuring|0 Comments

To-Dos When Starting a Part-Time Business

So you’re not ready to quit your “day job,” but you want to start a business? Many entrepreneurs dip their toes to test the waters by launching their businesses part-time. In some ways, it’s the best of both worlds; you pursue your dream of business ownership while still bringing home a steady paycheck.

Although there are some considerations unique to starting a business part-time, you’ll find other aspects are the same as when starting a company full-time.

For example, you have to take the necessary steps to operate your business legally.

 

  1. Make sure you can legally use your business name.

Either check your state’s Secretary of State database or do a corporate name search to see if anyone else has registered the name you want. I also advise using CorpNet’s free trademark search tool to see if someone has already filed for a trademark on the name.

  1. Select a business structure.

By default, your business will be considered a sole proprietor unless you file for a different legal structure. Operating as a sole proprietorship offers simplicity, but it does not separate your personal and business finances and liabilities. That means if your business is sued, your personal assets might be in jeopardy.

I recommend considering formally registering your business by either forming an LLC (Limited Liability Company) or incorporating (C Corporation or S Corporation) to protect yourself. Doing so shields your personal assets from the liabilities of your company.

Before talking with an attorney for guidance, you can start learning about the advantages of different business structures by using CorpNet’s Business Structure Wizard.

Note that the different structures offer different taxation pros and cons, so I suggest also talking with an accounting or tax professional to explore which structure will work best for you in that respect.

  1. Register your business name.

When you form an LLC or incorporate your business in your state, registration of your name automatically happens. However, if you choose to operate as a sole proprietor and want to use a fictitious name for your company, you must register your business name by filing a Doing Business As (DBA). Don’t skip this step! It will allow you to operate your business under that name in your state and it will prevent other sole proprietors in your state from using that name.

  1. Get the licenses and permits you need.

Depending on the type of business you’re operating and where you’re located, you may have to secure licenses and permits to legally run your business. Federal, state, county, and/or local licenses and permits might apply to you. To avoid costly penalties and fines, research which permits and licenses you need to have to legally run your business.

 

Part-time Doesn’t Mean You Should Approach It Half-Heartedly.

Aside from the legal considerations in starting your part-time business, keep these things in mind, as well:

  • Know your limits.

There are only so many hours in each day, so carefully assess your capacity to work in and on your business before jumping in.

  • Make sure there’s no conflict of interest or legal restrictions.

Check with your employer about any rules that would prevent you from starting and operating your type of business while still on that company’s payroll.

  • Take it seriously.

Although you may still be working for someone else in your other job, you’ll need to give your part-time business serious time and energy if you ever want to make it a full-time endeavor.

 

Need Help Getting Your Part-time Startup Off The Ground?

If you’re planning to give part-time entrepreneurship a go, CorpNet is here to help you take care of all the business filings required to legally launch and run your business. Contact us today to make sure your part-time business has all of its registration paperwork submitted accurately and on time.

By | January 11th, 2017|Running A Small Business, Starting a Business|0 Comments

What Will Your Story Be?

We dream big. We sleep little. We think much. We’re entrepreneurs and before we die, we will add a page to the history books (or at least Wikipedia). Our story began when we were born and it’s been one hell of a ride ever since. Sound familiar?

Speaking of stories, on January 3, 1977, Apple was incorporated. While their story began prior, that date will always be remembered. A couple of guys in a garage with nothing more than passion and intellect literally changed the world. It’s a heck of a story and it’s been told several times online, in books, and often from Hollywood.

For the rest of us, we dream about it. We want to leave our mark. We want to change the world, even if just a little bit. Maybe we just want the cash money riches that success can bring or maybe we want to be famous or maybe, we don’t care, we just love to make things and fix stuff. I’m pretty sure Jobs and Wozniak never really thought much about their story. They were too busy making things and tinkering and solving problem after problem after problem. They made something useful and they made money and I’d bet at some point, they looked back and said something like, “we did that” and the story continued. I wouldn’t be typing this post on my shiny iPhone 7 Plus right now if not for that day and the many days before and after where passion and perseverance performed perfectly in pursuit of perfection. More importantly, the story started and it’s only just begun.

Steve is gone. I miss him and his story making abilities. Today, Apple continues to add pages to its story every day. I try do the same. You should too.

By | January 6th, 2017|Entrepreneuring|2 Comments

Business Information Zone (B.I.Z) – FAQs

Welcome January and 2017! With the holidays behind us and a bright new year ahead of us, it is a great time to start a business.  This month, we discuss the ways CorpNet can assist with our Business Information Zone or B.I.Z. in keeping your company in compliance!

Q: What is B.I.Z.?
A: Think of B.I.Z. as your business’ personal concierge service. Once you sign up, you’ll receive email reminders on tax and compliance alerts. You can also use B.I.Z. to store your business documents, and keep a personalized business profile that tracks important data about your company — such as formation date, Federal Tax ID number, business licenses and permits, and more.

Q: I didn’t use CorpNet to form my business, can I still use B.I.Z.?
A: Absolutely. Any Corporation, LLC, nonprofit, or professional company can use B.I.Z. to stay on top of their yearly compliance requirements. It doesn’t matter if you formed your company through CorpNet or not.

Q: It states that B.I.Z. is free. Is there a catch?
A: No. B.I.Z. is completely free, no strings attached. We know how challenging it can be to run a small business – and sometimes all the tedious state filing and fees can fall through the cracks. Small business owners don’t always know when their annual report is due or why their business fell into bad standing with the state. We created B.I.Z. to help small businesses keep track of all these filings, so they don’t have to pay an extra dime in fees or risk falling into bad standing just because they missed a deadline.

Q: What information do I need to create an account for free compliance monitoring on B.I.Z.?
A: You will need the following information: your business type (e.g. C Corporation or LLC), your filing state (where you filed your corporation/LLC paperwork), and your filing date (the registration date of your corporation/LLC with the state).

Q: Why do you need to know my filing date for B.I.Z.?
A: Each state has its own rules regarding when and how often corporations and LLCs are required to file their annual report. By knowing when you formed your LLC/corporation, we can send you an email alert before your annual report is due.

Q: What particular deadlines does B.I.Z. track?
A: B.I.Z. will track and notify you of upcoming compliance deadlines with the state, such as your Annual Report (if required in your state). It will also alert you of upcoming tax deadlines based on your business type. In addition, if you provide information about your business licenses and permits, B.I.Z. will alert you when they’re coming up for renewal.

Q: Can I keep track of multiple businesses with B.I.Z.?
A: Yes, you can monitor multiple businesses from a single B.I.Z. dashboard. It’s an ideal for attorneys and CPAs to keep track of their clients’ businesses.

Do you need help registering a business or have questions regarding the process? Call the CorpNet.com team today for a free business consultation at: 888.449.2638

10 New Year Resolutions to Ignite Your Practice, Business or Life!

Every year we start fresh with a new year and a new set of goals. The New Year celebration is one of my favorites for this very reason. It’s not like starting over; it’s just adding to what we’ve already done and fixing the things that didn’t work as well as we had hoped. We make resolutions to achieve goals. I’m not talking about quitting smoking or losing weight (although those are great goals), I am talking about making money and doing more and achieving the financial goals we need to live happier lives. Here’s a few of those goals that I will be sharing in an upcoming webinar on astutemy.com:

Build a solid marketing plan and give it time to work

I know, it sounds a bit old school and I agree that it is in some ways. But if you have no plan, you have no future. I’m not saying a company can’t be successful without one. I am saying that with a plan, you can make better choices, move faster, stay focused and manage your budget with ease. To begin, you must set a strategy and define your goals. Then, you must define how you will achieve them using various tactical methods. Then, be relentless. Work harder than you have ever worked in your life. Whatever it takes. And most importantly, focus on ROI (return on investment).

Step outside your comfort zone

I know, it’s scary out there. You aren’t sure if you are making the right choice and you often feel like you have to step out of your comfort zone. Facing the challenges you have in front of you is hard and you to do things you don’t always like to do. But you have to do them because no one else will do them for you. Take risks and leap and jump in. Stop procrastinating. Conquer your fears. Speak in front of a large group. Ask for the sale. Be bold.

Be the best entrepreneur you can be

You sometimes think you are the chef, waiter and busser all at the same time. Well, you are! This is what is wonderful about being an entrepreneur. It’s also what’s so challenging about the role. Nothing is above or below you. You do it all. Later, you can delegate these tasks but no one will ever do it as well as you can. If this statement is not true, you are not the entrepreneur you think you are. You may need a partner to enhance your abilities or a team. You have to be honest with yourself and know your strengths and weaknesses. Compensate where you must and be great.

Stop kidding yourself

When things are going right, change it up. Stop thinking it will get better and make it better. Try something new, but also allow things time to work. Have patience and perseverance. Be strong willed, but not stupid. Trust your gut.

Fix what’s broken

So you don’t think you’re a good writer? Learn to write. Can’t close a sale? Learn how! Do you make poor decisions? Get help. Feeling drained? Eat better and exercise. Don’t have a certain skill? You get the drill.

Improve your workspace

A comfortable chair, an ergonomic desk, a fast computer, good lighting and maybe a little music might help you flourish. Invest in yourself and your work. Don’t go crazy. You don’t need the best, but you do need good stuff to get the job done. Then, work towards the best. Achieve more and earn what you need to get to the next level.

Focus on your personal life

If you aren’t happy at home, you’ll never be great at work. Be sure to balance your life and be present with your family. Work hard, play hard. Give yourself time to breathe and enjoy the ride.

Do what you love

If you don’t love what you do, stop right now and find what you do love. You cannot be successful if your passion is not properly aligned with your goals.

Master your most important skills

Be great at something. Focus on what works for you and what brings the best return and be great at it. Don’t limit yourself. You can learn more every day and you must. Learning must never stop and learning more about what is important must continue daily.

Be the boss

Not everything you do will be adored by your staff, but everything you do MUST be adored by your customers. Being the boss can be hard and it can be very lonely. No one will ever be you, so don’t set the bar too high with your staff. Set a bar however and push them to reach it. Be strong, confident, wise and be human. But never let anyone keep you from achieving your goals. When you make a decision, stand by it and never give up.

 

By | January 3rd, 2017|Marketing Your Business|2 Comments

Nellie in the News: December 2016

Happy December and Happy Holidays! With the new year only a few days away, it is time to re-evaluate your business! This month, our CEO, Nellie has been busy all over the internet with different informational articles that could help your business prepare for the fast approaching 2017!

Interviews & press Mentions

Monster.comWhen Is it Time to Hire Another Employee? http://mnstr.me/2gQYfDn

Feedspot – Top 100 Small Business Blogs On the Web http://bit.ly/2glhyry

TenFold – 20 Experts Answer: What’s Your #1 Sales Follow Up Tip? http://bit.ly/2gWB7m4

Small Business Advocate – When Is the Right Time to Change yor Business to a C Corporation? http://bit.ly/2iAgCjN

Small Business Advocate – Is It Time to Revisit Your Business’ Legal Status? http://bit.ly/2iAPj4N

 

Expert Contributed Posts

GoDaddy – 7 Rules for Easily Distracted Home-Based Business Owners http://bit.ly/2fQnCTG

Entrepreneur – How to Structure a Single Member LLC http://bit.ly/2gdgOjU

Secret Entourage – Signs it’s Time to Close Your Business http://bit.ly/2gIC58d

AllBusiness – How Smart Business Travelers Deal with Air Travel Delays http://bit.ly/2gh2hpO

Accounting Today – Help Your Clients Close an Inactive Business Before the End of the Year http://bit.ly/2hdXSWg

Small Business Trends – Does Your Business Have All Of Its Requires Licenses and Permits? http://bit.ly/2gsxWlc

Entrepreneur – Part of One: Setting Up Your Single-Person Corporation http://bit.ly/2hG32ux

Forbes – 5 Mistakes Women Business Owners Make when Managing Female Employees http://bit.ly/2h3ojwY

Entrepreneur – 5 Keys to Being a More Mindful Entrepreneur http://bit.ly/2hMMWwm

Huffington Post – Signs that New Client Won’t Be Worth Your Time in The New Year http://huff.to/2hNFDXI

By | December 29th, 2016|Nellie in the News|0 Comments

How To Use Live Video Chat For Your Small Business

In the past fifteen years, technology has transformed the way in which we communicate. In both our personal and professional lives, we have more channels available to us than ever: text messaging, instant messaging via social networks, and live video chat. The latter is a cutting-edge way for individuals to speak with others across the globe, and continues to become more valuable, with the video platform as a service (PaaS) market expected to generate $1.7 billion in 2020.

Live video chat may be ideal for friends and family to communicate in an intimate way, but it also holds great potential for businesses. For smaller enterprises especially, video chat can help you to increase engagement and gain an edge over your competition.

How?

  1. Live Video Chat is More Convenient for Consumers

Live chat is a common form of customer service today. E-commerce sites of all sizes offer this feature, allowing buyers and prospects to speak with real agents.

However, live chat tends to be text-based, with both parties forced to articulate themselves through the written word. This can be frustrating if your concern is of a technical nature, or requires a long, complex explanation.

On top of this, customers are forced to wait for agents to read their messages and compose a response. Today’s buyers want the most convenient solution – and this is not it.

While 90 percent of buyers questioned found live chat to be a helpful customer-service feature, live video chat offers a better quality of care. Its convenience allows consumers to speak face-to-face with a company representative from their home or workplace. Articulating your problems verbally, using gestures or visual aids, can be far easier than struggling with spelling and grammar over text.

Agents can provide solutions in less time, and use visual materials to walk customers through complex issues. 36 percent of buyers would be happy to see video chat offered as a support option, so every business should make it a priority for the future.

  1. Video Chat Boosts Your Sales

Sounds too good to be true?

Live video chat really can increase your sales over time. Video chat enables companies to offer helpful service as and when needed, without frustrating consumers with a constant presence. Anyone who shops in brick-and-mortar stores regularly knows how irritating over-zealous sales reps can be.

When asked about traditional text-based live chat, 63 percent of consumers stated they would be more likely to go back to a site providing this feature. As video is the next step in live chat, it is a must-have for any business, big or small.

Live video chat gives support agents the freedom to read body language and customers’ tone without infringing upon their personal space. Screen-sharing platforms also allow agents to see what potential buyers are looking at, which makes closing a sale easier.

  1. Live Video Chat Reduces Expenses

Enterprises of all sizes are concerned with their expenses. Even the biggest budget can be risked by unrestricted spending, so finding new ways to minimize outgoings is key.

Integrating live video chat helps companies to cut costs in two key areas.

First, as video allows agents to speak with consumers faster than text-based alternatives and use visual aids unavailable in voice calls, they can work through more queries. As a result, you will need only a smaller team of reps on hand.

Secondly, live video enables you to speak with colleagues and clients face-to-face, without having to pay for travel. For example, if you regularly fly a couple of employees across the country to speak with a client, you can save time and money by switching to video calls instead. The only thing missing is a handshake.

  1. Improve your Training and Collaboration

Just as live video chat makes external meetings far easier and cost-effective, it works the same magic on internal meetings. Pulling people away from their desks for brief idea-sharing sessions and feedback can take valuable time out of the day, and getting employees together may be difficult when they are required to be elsewhere.

With live video, employees can ask colleagues quick questions or make suggestions without having to leave their desks. This makes collaborating on documents, presentations, or pitches far easier and causes less disruption to schedules.

Training new employees is also streamlined. Rather than having to shadow others during their first few days, newcomers can ask questions without leaving their desk or pulling others away from theirs.

  1. Live Video Chat Gives you an Edge

While live video chat will go on to become a common customer-service feature, it is still something of a novelty for many consumers. By integrating it into your services as soon as possible, you can gain an edge over your competitors and provide a more intimate, higher quality of care.

However, before you invest time and energy into setting this up, it is vital to find the right service first. While it may be financially appealing to go with a cheaper solution, you may end up causing yourself more problems along the way.

Tony Zhao, CEO of video chat company Agora.io, discusses the importance of a quality channel: “Never cut corners with your customer service. Live video chat depending on poor connections, in regions without an efficient infrastructure, can cause lags, dips in sound, and sub-par video quality.

“Understandably, such interruptions risk chasing consumers away. Instead, you should prioritize paying for a quality solution which guarantees smooth, efficient service. For example, our Agora.io infrastructure has 80 data centers around the world, which pick up dropped data packets to ensure uninterrupted video chat connections. Giving your customers the clear and stable treatment they deserve.”

 

Live video chat stands to revolutionize the way in which we communicate with businesses, forging more personal, stronger connections between buyers and sellers. With the best service, your business stands to generate more revenue, offer more convenient care, and stand out from your competitors.

Have you thought about introducing live video chat to your company’s everyday operations?

By | December 22nd, 2016|Marketing Your Business|0 Comments

Ready Or Not – Is Your Business Prepared For 2017?

Congratulations on what I hope has been another prosperous year for your business! With 2016 coming to a close, now is the time to reflect on your successes and what you still need to do to make sure you’re set to make the upcoming year better than ever.

Do you have all of your business’s end-of-year responsibilities wrapped up?

Here’s a list of questions I recommend you ask yourself, so you can identify what you still need to take care of before the New Year begins:

  1. Have you organized all your accounting and tax records?

Tax time can be painstaking enough without needing to dig through a disorderly pile of receipts, invoices, and other paperwork. The more organized you are with your income, expense, charitable giving, past tax returns, W-9s, 1099s, etc., the less time and fewer headaches you’ll have when working with your accountant or tax preparer.

  1. Did you prepare and approve your 2017 budget?

Having a budget for the upcoming year can help steer your finances in a positive direction. Your budget will help you establish limits on expenses related to the various areas of your business. By identifying what you expect to spend throughout the year and how much revenue you expect to take in, you can more quickly recognize what has gone amiss if profitability isn’t where you want it to be.

  1. Is your marketing plan in place for the New Year?

Just as your budget can guide your business’s finances, your marketing plan will provide a roadmap that drives which strategies and tactics you’ll use to promote your business. And it will help ensure you schedule time to execute them. From printing advertising materials to engaging on social media to creating website content to exhibiting at trade shows to launching email campaigns, your marketing plan should identify all of the ways you intend to get your business in front of prospective customers.

  1. Have you assessed your need for new hires?

If you had a difficult time growing your business this year because you were understaffed, maybe it’s time to add employees. It will take some time to create job descriptions, determine wages/salaries (and put them in your budget!), and work through the other considerations that go along with hiring, so begin now. That way you’ll be able to begin accepting resumes and interviewing candidates as early as possible in the New Year.

  1. Have you reviewed your business structure to make sure it’s still the right fit?

If you’d sleep better at night with a greater degree of liability protection or if your business’s tax situation isn’t ideal, it may be time to change the legal structure you selected for your business. This is especially true for sole proprietors. Either forming an LLC or incorporating your business will separate your personal assets from those of your company. So personally, you will have limited liability if your company were to be sued. That means your home, vehicle, savings accounts, etc. will have more protection than if you continued to operate your business as a sole proprietorship.

You can use our Business Structures Wizard as a resource to help determine which structure might be best in your situation. Before making a decision about changing your business structure, however, I recommend talking with an attorney and tax professional to make sure you understand all the pros and cons of each option.

Ready Or Not—The New Year Is Near

How did you fare after answering the above questions? If you’ve discovered you’re not quite prepared for 2017, I say, “Better late than never!” Try to schedule some time between now and the end of the year to tackle at least a few of the to-dos. A little work now can go a long way toward putting your business on the right path in the New Year.

Planning to change your business structure in 2017? Don’t deal with the hassle of completing and submitting all the paperwork on your own. At CorpNet we’re here to take that off of your plate, so you can spend your time and energy growing your business. Contact us today!

By | December 20th, 2016|Business Checklists|2 Comments