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LLC vs. S Corp vs. C Corp

Yes, operating a business as a sole proprietor or general partnership offers simplicity, but that comes at the cost of not having separation between you as an individual and your company. Are there other options? What about the LLC vs. S Corp vs. C Corp? For entrepreneurs who want to protect their personal assets and have tax flexibility, registering as a type of legal business entity—such as LLC or S Corporation or C Corporation—is well-worth exploring. LLC vs. S Corp vs. C Corp - What’s the Difference Anyway? Continue reading because I’m going to break down the basics of [...]

By | October 23rd, 2017|Categories: Ongoing Management and Protection|Tags: , , , , |0 Comments

What Is a Trademark?

What is a trademark? A trademark is a word, phrase, symbol, or design (such as a business name or logo) that identifies the source of a product or service and distinguishes a brand from its competitors. Trademarks give owners of their marks protection from other businesses in the U.S. using those marks. Preventing confusion in the marketplace is the primary purpose of trademarks. To obtain a trademark, you must file an application with the U.S. Patent and Trademark Office (USPTO). If you're still asking 'what is a trademark ?' read on for more details. The Details - What [...]

By | October 12th, 2017|Categories: Ongoing Management and Protection|Tags: , |0 Comments

Why Every Entrepreneur Needs to Know About Asset Protection

Entrepreneurs put a lot of sweat equity into starting and running their businesses. They make sacrifices and have a lot on the line. Unfortunately, despite how much time and energy business owners put forth, there’s no such thing as guaranteed business success. When a business doesn’t make it, it’s distressing. But when an entrepreneur’s home, family vehicle, personal savings account, and other non-business property gets pulled into the fray due to their failing company’s legal or financial troubles, it’s even more devastating. That’s why you and every business owner should be aware of what you can do to [...]

By | October 4th, 2017|Categories: Ongoing Management and Protection|Tags: , , , , |0 Comments

20 Characteristics of Successful Entrepreneurs

There's a neverending debate on whether entrepreneurs are born or made. I don't claim to be able to make the call one way or another, but I have noticed several characteristics that the most successful small business owners seem to share. Here they are. Whether entrepreneurs are made or born, they all share similar characteristics. How many of these do you possess?

By | October 3rd, 2017|Categories: Startup and Launch|Tags: |0 Comments

Closing Down a Business – The 12 Steps of Corporate Dissolution

You're not the first owner to consider closing down a business and you certainly won't be the last. But it is a big decision and one that should be taken lightly. Regardless of your final decision, you need to prepare yourself for the necessary steps involved in the process. Closing down a business requires a certain process be followed. This process is just as important as the steps required to start a business. I have not failed. I've just found 10,000 ways that won't work. ~ Thomas A Edison 12 Effective Steps for Closing Down a Business 1. Admit [...]

Small Business Technology Solutions That Offer Growth

As technology continues to reshape the way we do business, it’s easy to jump to the conclusion that powerful tools - such as artificial intelligence and the IoT – are only an asset to bigger companies. But this isn’t true. In fact, the ubiquity of connected devices is driving more opportunities for small business owners to shine than ever before. Things move fast, and for small businesses, the only choice is to embrace digital change and learn how to reap the benefits of various new technologies. To get started, here are six small business technology solutions that companies [...]

By | September 29th, 2017|Categories: Growth and Expansion|Tags: , |0 Comments

Is a Multi-Member LLC Right For You?

The multi-member LLC is a Limited Liability Company with more than one owner. It is a separate legal entity from its owners, but not a separate tax entity. A business with multiple owners operates as a general partnership, by default, unless registered with the state as an LLC or corporation. Would it make sense for you to form your business as a multiple member LLC? To arrive at that answer, you need to consider how choosing that business entity type will impact you legally, administratively, operationally, and from a tax perspective. I encourage you to speak with an [...]

By | September 27th, 2017|Categories: Ongoing Management and Protection|Tags: , , , , |0 Comments

How to Protect a Business Name

As an entrepreneur, my business name is my greatest asset.  I have invested countless hours promoting my business.  I have untold articles hoping people respond favorably when they hear the word "CorpNet." I have traveled across the United States, away from my husband and children, promoting my business name and its products and services.  Thus, preventing others from using or "stealing" my brand name is of utmost importance to me.  And, it should be important to you. Registering a Business Name Offers No Protection After speaking with several other entrepreneurs, I have discovered that many people are confused [...]

By | September 22nd, 2017|Categories: Ongoing Management and Protection|Tags: , |0 Comments

What Is a Fictitious Name?

What Is a fictitious name? A fictitious name is a name other than your proper legal business entity name that you formally get permission from the state (or county) to use when conducting business. You may also see a fictitious business name referred to as a “Doing Business As” (DBA), “assumed name,” or “trade name.” Throughout this post, I will use the terms “fictitious name” and “DBA” interchangeably. At CorpNet, we help business owners throughout the United States file DBAs. Fictitious names can benefit businesses of all types—from sole proprietorships to LLCs to corporations. At CorpNet, we help [...]

Top Real Estate LLC Mistakes and How to Avoid Them

With any property, there are inherent liabilities — from a broken balcony railing to old electrical wiring or mold. And with an LLC, your personal assets aren't vulnerable should you be sued by a tenant or property guest. Forming an LLC is a relatively quick and painless process. And while it may straightforward, there are some common mistakes that investors make that can impact the benefits of the LLC as dicussed and laid out wihtin this blog post.

By | September 20th, 2017|Categories: Ongoing Management and Protection|Tags: , , , |0 Comments