Nellie Akalp

Nellie Akalp

About Nellie Akalp

Nellie Akalp is an entrepreneur, small business expert, speaker, and mother of four amazing kids. As CEO of CorpNet.com, she has helped more than half a million entrepreneurs launch their businesses. Akalp is nationally recognized as one of the most prominent experts on small business legal matters, contributing frequently to outlets like Entrepreneur, Forbes, Huffington Post, Mashable, and Fox Small Business. A passionate entrepreneur herself, Akalp is committed to helping others take the reigns and dive into small business ownership. Through her public speaking, media appearances, and frequent blogging, she has developed a strong following within the small business community and has been honored as a Small Business Influencer Champion three years in a row.

What is a Certificate of Incorporation?

When forming a corporation, business owners need to file for a “certificate of incorporation” (sometimes referred to as “articles of incorporation”) to register their company with the state. What is a certificate of incorporation exactly? It is a legal document serving as a formal record of a company’s formation. Who Needs to Submit a Certificate of Incorporation? Entrepreneurs who want to operate their company as a corporation—a legal entity that is separate from and that provides personal liability protection for its owners—must file a certificate of incorporation form. They must have their certificate of incorporation approved by the [...]

2018-05-09T06:39:37+00:00 May 10th, 2018|Categories: Startup and Launch|

Hit Hard With 2017 Taxes? It’s Time To Change Your Legal Structure for 2018

It seems like you just got your business taxes handled for 2017, and now you must start worrying about 2018 taxes. That’s because the tax reforms signed into law last December under the Tax Cuts and Jobs Act will most definitely affect your business taxes—and possibly your company’s legal structure as well. And you might be wondering how to avoid a hit like that in the future.  Maybe it’s time to change your business legal structure. If you’re self-employed and operating as a sole proprietor, I suggest exploring if a change in legal structure might provide some tax relief [...]

2018-05-09T06:15:45+00:00 May 9th, 2018|Categories: Ongoing Management and Protection|Tags: , , , |

How to Start a Home-Based Business

If you’re thinking of starting a home-based business, you’re probably wondering, “Where do I begin?” It's a question many entrepreneurs who plan on having an office outside of the home ask, too. When you launch a business from home, you don't have to worry about things like looking for affordable office space, finding a place to park, etc., but you do have to pay attention to many of the other startup tasks that all businesses do. An at-home company still needs to follow certain steps and rules to operate legally and successfully. Let's explore the following steps: Set [...]

2018-04-25T05:19:05+00:00 April 26th, 2018|Categories: Startup and Launch|

Business Name Restrictions: What to Know Before Registering Your Business

One of the most exciting initial tasks to tackle when starting a business is brainstorming names for your company. It’s also one of the most critical to-dos; your company’s name will be the foundation of your brand, so you need to consider it carefully. As you embark upon the process of deciding what you will call your company, there are some business name restrictions you should be aware of. Every state has its own set of rules regarding what is and is not allowed in business names. Most states will not allow a business to: Include business entity [...]

2018-04-11T07:08:28+00:00 April 12th, 2018|Categories: Startup and Launch|

Can Accountants and CPAs Help Clients File an LLC?

This weekend there was a question posted on Facebook asking this very question. Can accounting professionals, like CPAs or staff accountants, help their clients file LLC formation documents? Is this considered "practicing law" or is it part of a firm's standard accounting services? Here is the Original Question   Here is an answer from a group member:   This woman hits the answer spot-on. Since this is such a great question, I believe it deserves exposure outside of Facebook so I wanted to cover it on our blog as well. Here was my answer inside of the Facebook [...]

2018-03-27T12:29:35+00:00 March 27th, 2018|Categories: Ongoing Management and Protection|Tags: |

Increasing Client Satisfaction in Accounting Firms

What if you could increase customer satisfaction, while also increasing your revenue and profits? What if you could accomplish both objectives without changing your existing workload or staff? In a recent webinar, we walked through the benefits moving towards a more proactive mode with clients by helping them manage the burden of incorporation, LLC filings, registered agent services, and annual compliance management. We also explored CorpNet’s partner program and showed how CPAs, accountants, and bookkeepers can easily add these services to their existing advisory offering. At the end of the webinar, I held a live Q&A session for attendees. [...]

2018-02-12T06:10:36+00:00 February 12th, 2018|Categories: Growth and Expansion|

Increase Accounting Services Revenue With Business Formation and Compliance Monitoring

Accountants are critical to the success of any small business. In fact, Accountants and CPAs are the most important professionals for small businesses. Yet given this level of importance, only 67% of small businesses are only satisfied with their accountant. What if you could easily increase that rate of satisfaction? Your Clients Are Already Struggling with Paperwork As accounting professionals, you already have clients who are struggling with business formation and compliance paperwork. A recent survey by Wasp Barcode Technologies reported that 33% of small businesses listed managing paperwork as a top accounting challenge. Some are struggling so much that [...]

2018-01-22T11:54:32+00:00 January 22nd, 2018|Categories: Events & Announcements|

Can I Change My Registered Agent?

If your business is a Limited Liability Company (LLC) or corporation, you must appoint a registered agent to accept service of process for your company. Assigning an authorized registered agent is necessary for keeping your business legally compliant and maintaining good standing in the state(s) in which you operate. Your registered agent is the entity—an individual or business in the state(s) in which your company conducts business—that will receive legal documents on your behalf. Examples of the types of mail that goes to your registered agent include: Tax notices Federal and state correspondence Notice of lawsuits Summonses to [...]

2018-01-09T06:13:17+00:00 January 11th, 2018|Categories: Other|Tags: , |

6 Business-Boosting Benefits of Incorporating Your Company

One of the most critical decisions you will make as a business owner is choosing the business entity type for your company. Sole proprietor or partnership? Limited Liability Company (LLC), or corporation? Decisions, decisions! For many of the entrepreneurs that I work with, incorporating offers a variety of advantages legally and financially over operating as a sole proprietorship, partnership, or LLC (Limited Liability Company). You should talk with your attorney and accountant or tax advisor before you select a business structure because it’s important that you fully understand the pros, cons, and your compliance responsibilities. To get you [...]

2018-02-22T06:03:48+00:00 January 2nd, 2018|Categories: Startup and Launch|Tags: , |

The CPA’s Guide to Assisting Clients with Business Compliance Issues

As a CPA, you probably sometimes find that clients inquire about more than just their business’s taxes and finances. With the strong connection between their money and all aspects of their companies, they may toss you questions about a variety of business compliance issues that aren’t in your normal area of focus. You need to exercise caution in responding because your insight shouldn’t take the place of proper legal counsel or human resources guidance. But having a working knowledge of diverse compliance topics can help you aid your client’s understanding of certain issues and steer them to the [...]

2017-12-27T12:58:02+00:00 December 29th, 2017|Categories: Ongoing Management and Protection|Tags: , , , , , , |

Reviews Help Us Become the Best Online Formation Service for LLCs and Corporations

As the year closes out, there is a lot for us to be thankful for. At the top of our gratitude list is the wonderful group of customers we get to serve each and every day. Our goal has always been focused on providing high-quality customer service and for us to be the best online formation service for LLCs and corporations. Your reviews help us know what is working and how we can make our incorporation services even better. As five-star reviews are added to our TrustPilot profile, we are reminded of our pursuit of excellence, our great [...]

2018-02-23T07:41:44+00:00 December 20th, 2017|Categories: CorpNet Reviews & Customer Stories|

Year-End Closing Checklist: Get Your Business Ready for 2018

With time of the essence, I won’t delay getting right to the point of this blog post: Now is the time to get your company’s ducks in a row so your business will have a happy New Year. And by happy, I mean being prepared so you won’t suffer from the headaches and frustrations of falling behind on mission-critical responsibilities. So, without further ado, here’s a helpful year-end closing checklist to guide you in closing your 2017 on a joyous note. Your Year-End Closing Checklist to Make the New Year Merry and Bright 1. File to Change Your [...]

2017-12-18T13:13:50+00:00 December 19th, 2017|Categories: Other|Tags: , , |

What is the Best Time of Year to Form an LLC?

Have you been thinking of launching a new business or changing your existing sole proprietorship to a formal business entity type? Are you concerned that you might not be selecting the best time of year to form an LLC? So When Really is the Best Time of Year to Form an LLC? There's never a bad time to register your business as a legal entity—doing so helps protect your personal assets and might offer some tax advantages, as well. But filing your paperwork to make it effective before the New Year has its perks! So if you are [...]

2017-12-20T04:01:00+00:00 December 13th, 2017|Categories: Startup and Launch|Tags: , , , |

How to Properly Handle Your Company’s Annual Meeting Minutes

If you have incorporated a business as an S Corporation or a C Corporation, most states require that you keep careful records of the company’s activities on a yearly basis. Every time your board of directors meets, your company needs to keep a record on file for regulatory compliance purposes. There is a long list of possible transaction and resolutions that you might need to keep on record. This can include anything ranging from: The appointment of a new officer. The resignation of a director. Purchasing insurance. Selling stock Obtaining a line of credit/credit card in the company’s [...]

2017-12-11T12:54:16+00:00 December 11th, 2017|Categories: Ongoing Management and Protection|

Keeping Small Businesses in Compliance is a Team Effort

Staying in compliance can be challenging for many small business owners. They often rely on - or even assume - their CPA or accountant manages the paperwork associated with the registration and maintenance of LLCs, S-Corps, and C-Corps. This assumption can lead business owners down a slippery slope of non-compliance. CorpNet would like to prevent such issues. Earlier this year the CorpNet team released a partner program specific to accountants and CPAs. This program provides a win/win opportunity that gives financial professionals an easy way to help clients maintain compliance, while also bringing in revenue. Helping Accountants Help [...]

2017-12-07T05:04:28+00:00 December 7th, 2017|Categories: Partner Program|

Is a Farm LLC Really Necessary?

Starting and running a farming business provides opportunity and the freedom to forge your own professional path. There’s hard work involved, of course—farming is a 24/7 commitment. And an agricultural business comes with many of the same risks that other types of companies do—and some that other types of businesses do not. A farming business faces many uncontrollable threats such as economic downturns, droughts, floods, accidents related to the use of large equipment, unseasonable freezing weather, and even food trends that may put certain ingredients on the outs. Farming, while it can be fulfilling and financially sustaining, comes [...]

2017-12-06T15:12:20+00:00 December 6th, 2017|Categories: Startup and Launch|Tags: , , , , |

The What, Why, and How of LLC Insurance

Does your LLC need insurance? LLC insurance coverage is a measure you can take to help protect your business assets in the event of a legal claim against your company. While forming an LLC creates a separation between your personal assets and those of your business, having insurance for your LLC helps guard your company against losses as a result of circumstances in the course of doing business. How Do You Know What Kind of LLC Insurance You’ll Need? The type and amount of LLC insurance coverage will depend on a variety of factors including the level of [...]

2017-11-27T14:18:37+00:00 December 1st, 2017|Categories: Ongoing Management and Protection|Tags: , |

Ten Tips for Creating a Business Name

Creating a business name is one of the most exciting and important startup tasks that entrepreneurs must tackle. The name you choose for your business will serve to distinguish you from your competitors and give customers insight into the experience they will have with your company. You will want to get it right and follow the necessary steps to ensure you have legal rights to use your name before you start publishing it on all of your documentation and marketing materials. Tips to Help You Create and Protect Your Business Name 1. Consider the Brand Personality You Want [...]

2017-11-20T11:02:42+00:00 November 27th, 2017|Categories: Startup and Launch|Tags: , |

Do I Need Articles of Organization For a Michigan LLC?

If you're considering forming a limited liability company (LLC) in Michigan, you're probably wondering what paperwork the state requires. For example, do you need Articles of Organization for a Michigan LLC? That's one of the common questions we field here at CorpNet—for Michigan and the other 49 states in the U.S. Articles of Organization – Michigan: Does Your LLC Need Them? The answer is yes. In the state of Michigan, an LLC must file an Articles of Organization form with the Corporations, Securities & Commercial Licensing Bureau of the Michigan Department of Licensing and Regulatory Affairs. The Bureau [...]

2017-11-14T03:54:21+00:00 November 13th, 2017|Categories: Startup and Launch|Tags: , , , |

Get the Lowdown on Wyoming LLC Fees

Thinking of starting a business in Wyoming? Or maybe you already have one there, but want to change your business structure to an LLC. Either way, you need the scoop on how to form an LLC in Wyoming, as well as what it’ll cost you. Why Form an LLC in Wyoming The LLC — or Limited Liability Company — is a smart choice for your business structure. It protects your personal finances, home, vehicles, and other assets from being seized to cover your business’ expenses. It can also make it easier to position your business to borrow money [...]

2017-11-10T10:16:46+00:00 November 10th, 2017|Categories: Startup and Launch|Tags: , , , |