Ongoing Management and Protection

CorpNet’s blog posts offer a wealth of information for navigating through the ongoing management and protection of startup and business operations. Our articles are written by industry experts who have the experience to help you avoid common and unnecessary mistakes.


Filing an Amendment: 7 FAQs to Keep You in Compliance

This month, we answer all your thought-provoking questions about filing an amendment. July marks the middle of the year and a great time to make changes within your company! When do I need to file an amendment? Articles of Amendment are required if any of the information included in your incorporation or foreign qualification paperwork changes. For example: Changes to the company name Changes to the Registered Agent Information Company Business Address Director or Member Information Number of Authorized Shares Business Activities of the Company Do I need to notify the state if the nature of my business changes? [...]

2017-12-13T14:42:18-07:00 July 17th, 2017|Categories: Ongoing Management and Protection|Tags: , , |

Credit Cards vs. Short-term Business Loans 

Big plans come with a big price tag. As most entrepreneurs and small business owners know, there are times when the cash you have on hand can’t cover the expenses essential to growth. It’s at this point that you’re confronted with the question of funding: Do you go with an SMB lender, or do you try credit cards? The Case Against Lenders SMB lenders know that you’re in a jam and that you want your money as fast as you can get it. This is why you’ll see many lenders emphasize the amount of money you can get [...]

2017-12-28T05:57:32-07:00 June 21st, 2017|Categories: Ongoing Management and Protection|Tags: , |

National Small Business Week: What It Means For You

Sunday, April 30, 2017, marked the start of National Small Business Week. From that day through Saturday, May 6, the U.S. Small Business Administration (SBA) has organized a variety of events to celebrate small businesses and the impact they have on our national and local economies. According to the SBA National Small Business Week website, “More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.” I say that’s reason to celebrate! Don’t you agree? We're celebrating at CorpNet.com by [...]

2017-11-22T13:07:55-07:00 May 1st, 2017|Categories: Ongoing Management and Protection|Tags: |

What Can Employers Not Discriminate Against?

As a business owner, it’s exciting to hire employees and watch your company grow. But there are legal risks if you give job candidates and employees reason to believe your staffing decisions and policies are discriminatory. The first step in avoiding a job discrimination lawsuit is to have a basic understanding of what you can’t discriminate against and the nature of the laws that prohibit employment discrimination. You need to comply with all applicable federal and state (even some local) laws that protect people from job discrimination. So, in your employment ads, job applications, job interviews, background checks, [...]

2017-09-08T10:16:42-07:00 April 28th, 2017|Categories: Ongoing Management and Protection|Tags: , , |

Be Your Own HR Department with These 5 Tools

Small business owners wear many hats when running daily operations - especially when they are just starting to build their company. Their tasks include administrative work, client servicing, finance requirements and more. One of the most tedious tasks of running a business is taking care of HR requirements. Unfortunately, your HR responsibilities don’t end when an applicant signs the employment contract. This part of the business plays an important role in keeping the company running smoothly on a daily basis. However, small businesses don’t always have the luxury of hiring a dedicated team member to focus on these [...]

2017-11-14T04:21:40-07:00 April 26th, 2017|Categories: Ongoing Management and Protection|Tags: , , |

Can An Employer Ask About Your Age?

If a job candidate is googling this question after a job interview at your company, you may be headed for trouble. At both the federal and state level, anti-discrimination laws exist to prevent businesses from hiring or not hiring based on personal characteristics that are not relevant to an individual’s ability to do the job. Age is one of them. The Age Discrimination in Employment Act of 1967 (ADEA) protects people who are age 40 and older from being treated unfavorably because of their age during the hiring process—and when employed. In 2016, 20,857 age discrimination charges were [...]

2017-12-22T10:44:23-07:00 April 21st, 2017|Categories: Ongoing Management and Protection|Tags: , |

Avoiding A Job Discrimination Law Suit

Hiring the right people to be part of your team can greatly affect your business’s ability to succeed. It’s an important process—and a tricky one! When considering job candidates, you need to be careful or you could find yourself facing legal problems. If at any point during the hiring process you don’t comply with the federal and state (and even some local) laws that protect people from job discrimination, you risk having a lawsuit filed against your company. When hiring employees, you must comply with all anti-discrimination laws. Even an unintentional misstep can cause major issues for your [...]

2018-01-10T12:02:30-07:00 April 14th, 2017|Categories: Ongoing Management and Protection|Tags: , , |

Registering a Trademark – FAQs

Registering a trademark can feel like a massive undertaking, but it doesn't have to be daunting. We'd like to get you pointed in the right direction, so let's run through some common questions we receive on trademark registrations. What is a trademark? A trademark is a word, phrase, symbol or design (or a combination of any of these) that identifies the source of a product or service and distinguishes it from competitors. What can be trademarked? Trademark registration can be granted on distinctive names, logos and slogans. You might want to seek a trademark for a product name, [...]

2017-10-04T07:08:16-07:00 April 12th, 2017|Categories: Ongoing Management and Protection|Tags: , , , |

Best Practices For Interviewing Job Candidates

Hiring the right people requires a sure-fire interviewing process. To effectively interview job candidates, you need more than a little dedicated time and a list of questions; you need an understanding of how you can draw out the information you need about an individual’s knowledge and capabilities. You also need to tune into character nuances that might indicate how well a candidate will work with your team. And, of course, you need to do all of that without breaking any anti-discrimination laws. Interviewing can be intimidating for not only prospective employees but also for employers! By following some [...]

2018-02-16T09:42:18-07:00 April 7th, 2017|Categories: Ongoing Management and Protection|Tags: , |

7 Small Business Expenses to Account for in Your Monthly Budget

Budgets are essential to manage your costs and keep your small business expenses limited and your company profitable throughout the year. Due to the dynamic nature of any small business, you can’t just set a budget in January and let it sit unchanged until the end of the year. Every month, take stock of your business’ performance and expenses and use that data from the prior month to update your budget. Your monthly budget needs to provide you with enough detail so that you can identify potential cash crunches in the near future as well as opportunities to [...]

2017-09-28T05:56:08-07:00 April 5th, 2017|Categories: Ongoing Management and Protection|Tags: , , |

Illegal Job Interview Questions Small Businesses Need to Avoid

As a small business owner, it’s important to which illegal job Interview questions you need to avoid asking your future hires. Laws at the federal and state level exist to protect people from being discriminated against during the hiring process. As an employer, you need to carefully formulate the questions you ask during a job interview. In our office, anyone interviewing a potential job candidate must follow a standard set of best practices for interviewing job candidates. Such practices are critical for avoiding a job discrimination lawsuit that could tear down the business success you’ve worked so hard to achieve. Top Illegal [...]

2017-09-27T09:49:34-07:00 March 30th, 2017|Categories: Ongoing Management and Protection|Tags: , |

Six Tips To Help Business Leaders Gracefully Handle Adversity In The Office

In an ideal business world, everyone working at a company would always get along famously and harmoniously collaborate day in and day out toward shared objectives they all believe in passionately. Sounds nice, right? Unfortunately, it’s not very realistic—neither for the entrepreneur starting a business nor the business owner running an existing business for years. In all companies, leaders face adversity within their ranks at times. Adversity isn’t usually fun, but it doesn’t have to be debilitating either. How can you manage adversity gracefully so it doesn’t hurt your business? Below are some ways I’ve found to effectively [...]

2017-12-13T14:19:28-07:00 March 29th, 2017|Categories: Ongoing Management and Protection|Tags: , |

Should Your Company Use a Professional Employer Organization?

Small business owners may be new the phrase professional employer organization, but PEOs have been around now for several years and changing the face of human resources management. A PEO provides comprehensive outsourcing for all tasks and functions typically performed by an in-house human resources department. This may include employee job descriptions, benefits, payroll, insurance, and regulatory requirements. PEOs act as a "co-employer" with your company so that they share contractual obligations with your employees. Management decisions, however, remain with your company. You continue to guide the daily job duties and responsibilities of your employees while the PEO [...]

2017-11-14T04:21:40-07:00 March 22nd, 2017|Categories: Ongoing Management and Protection|Tags: , , , , |

How to Scale Your Business in 2017

There is so much 2017 can offer to your business. We are a couple of months in, and if you are still doing business as you did previous years - you may be missing out on some major growth opportunity! Businesses are updating their processes faster than ever these days. From adding new ways of automating or discovering new apps that will make their lives easier, it all adds up to having every first quarter of the year different than before. In order to avoid falling behind and to keep up with customers fast-forward demands, here are some ways your business [...]

2017-11-14T04:21:40-07:00 March 15th, 2017|Categories: Ongoing Management and Protection|Tags: , |

S Corporation Election Deadline Is Almost Here: What You Need To Know

If you’ve legally established your business as a C Corporation or Limited Liability Company (LLC) that has elected to be viewed as a corporation for tax purposes, you have the option of filing IRS Form 2553 to get S Corporation tax treatment. Why would you want to do so, you ask? Because it could make a big impact on your business’s bottom line. The Potential Advantage for LLCs LLC owners who find themselves with a high self-employment tax burden might benefit from choosing the S Corp election. LLCs are normally taxed like sole proprietorships—with all business profits subject [...]

2018-02-23T07:16:54-07:00 March 2nd, 2017|Categories: Ongoing Management and Protection|Tags: , , , , , |

Partners and W3 – Choose Your Partners Wisely

I've written about partnering a lot in my life. I have not felt great about all the partners I've chosen. I've made some bad choices in personal relationships and in business. But today, I have the greatest partner I've ever had. I asked her to marry me last week. She said yes. Ok, so this post isn't about me and it's not about falling in love. It's about finding great partners. But if you can't find a great life or love partner, how will you know the right business partner? I have learned so much by my mistakes. [...]

2017-09-25T10:37:45-07:00 February 23rd, 2017|Categories: Ongoing Management and Protection|

Four Ways Busy Entrepreneurs Can Show Their Loved Ones They Care

Although Valentine's Day has passed, it doesn’t mean the time has expired for us busy business owners to show our family and friends we love them. Building and nurturing relationships never goes out of season. And now more than ever, with the divide among people getting wider as the political and social climate becomes ever more heated, I believe we all need to step up our efforts to show we care. But when you’re an entrepreneur bogged down with countless tasks and multiple concerns on your mind, how can you mange all that AND show your people some [...]

2017-11-22T14:42:02-07:00 February 21st, 2017|Categories: Ongoing Management and Protection|

There’s no shame in being just a great entrepreneur or just a great player

I coach kids sports. I started when my oldest son was playing basketball at the YMCA. I didn’t know much about the game as a coach, but luckily I had another dad to help me and we figured it out. It was so new to me and I wanted to do a great job. They were only 6 years old, so we got by. As my son grew, more and more coaching opportunities arose. I always got involved, one way or another. Sometimes my company would sponsor, other times I would help coach. He loved basketball and I [...]

2017-09-08T10:19:31-07:00 February 16th, 2017|Categories: Ongoing Management and Protection|Tags: |

You Can’t Put Your Heart Into Your Business If You Don’t Show Yourself Some Love, Too.

With Valentine’s Day finally here, February is perfect for reflecting on and celebrating how committed you’ve been to your entrepreneurial endeavors. It’s also an ideal time to assess how well you’ve been taking care of yourself. As a small business owner, you likely work long hours, eat many meals on the fly (if at all!), regularly forfeit a good night’s sleep, and pass on countless invitations to enjoy activities outside of work. While those sacrifices may seem as though they’ll make you more productive and your business more successful, ultimately they can have the opposite effect. I urge [...]

2018-02-23T07:08:41-07:00 February 14th, 2017|Categories: Ongoing Management and Protection|

Should I Call My Employee an Associate or Representative?

Small business owners often struggle when coming up with a job title for their new employee or when listing an open position at their business. Although we’d all like to think that a job title doesn’t mean that much, it’s actually really important from both an employer and employee point of view. What Job Titles Mean - and What They Can Do According to Fast Company, 80% of companies they surveyed use job titles to demonstrate an employee’s position in the company hierarchy. And 92% use job titles to define an employee’s role within the company. Perhaps even [...]

2017-09-08T10:34:27-07:00 February 9th, 2017|Categories: Ongoing Management and Protection|Tags: , |