C Corp

Nellie in the News: November 2016

Thanksgiving and November have come and gone and the holidays and 2017 are creeping up on us fast and we are here help prepare your business for the new year! CorpNet can help you incorporate a business or form an LLC right now or as a delayed filing in any state. This month, our CEO Nellie Akalp has been busy writing a ton of articles to help small business owners start a business, stay in compliance and prepare for the new year. Below are some highlights from the month of November! Want Nellie to speak at your next [...]

2017-09-08T10:48:58-07:00 November 29th, 2016|Categories: Nellie in the News|Tags: , , , , , |

Setting Up a Corporation – Top FAQs

Happy November! We are excited to bring you another post in our monthly FAQ series! When starting a business, one of the first questions an entrepreneur must ask themselves is, "What entity type should I register?" Here at CorpNet, we are often asked to explain the differences between a C Corporation and an S Corporation, how to file a corporation, and even, "What is a corporation?" In this month's FAQ post, our CEO Nellie Akalp answers all your burning questions about setting up a corporation! Nellie's Top FAQs for Setting Up a Corporation Q: What is a C Corporation A: [...]

2017-09-27T09:20:42-07:00 November 3rd, 2016|Categories: Startup and Launch|Tags: , , , , |

Fall Tips To Help Your Business Have A Strong End-Of-Year Finish

Although most of the year has already passed and we’re now into the autumn season, don’t panic if your business has fallen a little bit behind on its goals. It’s not too late make changes that can help lead to a strong finish in 2016. Whether you’ve just started your business or have been running yours for years, the key is to take action sooner rather than later—and to focus on efforts that will improve your bottom line now and into 2017. Nurture Customer Relationships If you’ve fallen out of touch with some customers, now’s the time to [...]

Back to Basics: LLC or Corporation?

Both forming an LLC and incorporating your business safeguard you by protecting your personal assets if legal action is taken against your business. They also give your business a boost of credibility by having either “LLC” or “Inc.” behind your company name. But there are differences that could make one or the other the better choice for you. I can’t emphasize enough the importance of knowing the pros and cons of the legal structures available to you before you decide which will serve your business most effectively. The Low-down On LLCs Many owner-managed businesses opt to form as [...]

2018-02-23T07:11:29-07:00 October 11th, 2016|Categories: Startup and Launch|Tags: , , , , , |

Why You Need to Incorporate Your Business

When you think about incorporating your business, do you scoff, “Not me. I’m just a one-person/home-based/part-time business—incorporation is for the big guys”? If so, it’s time to rethink your attitude. You see, every small business—no matter how small or informal—needs to be incorporated. That’s because no matter how small or informal your business is, you could be sued. Suppose your business isn’t doing well, you can’t pay a business debt and the creditor takes you to court to get their money back. Perhaps you are a children’s party planner, a child is injured during a birthday party you [...]

2018-02-22T07:22:40-07:00 September 13th, 2016|Categories: Startup and Launch|Tags: , , , |

How a Small Business Can Avoid Being Audited

It’s true that the odds of being audited are fairly low – under 1%.  Yet this may not last long.  The IRS has been changing some of its procedures – such as allowing agents to conduct audits via mail -- and has also been increasing its hiring. Besides, the agency tends to focus more on smaller businesses.  Why?  The assumption is that the recordkeeping is not as disciplined and business owners may be doing their own tax preparation, which could increase the risk of getting things wrong. When it comes to audits, though, there is one important thing [...]

2017-12-26T10:41:04-07:00 August 16th, 2016|Categories: Ongoing Management and Protection|Tags: , , , , |

Legal Steps to Start a Business & Special Offer

So you have an idea and want to get that business off the ground - congratulations!! When planning the steps to start your business, there are some legal aspects you don’t want to overlook. These steps may not be the most glamorous parts of starting a business, but you want to make sure the business is set up properly from the start to avoid issues down the road. Here are my must-do steps to legally start a business followed by a special offer on CorpNet.com services: 1. Choose a Business Name Have an ideal name in mind for [...]

2017-09-28T06:14:09-07:00 July 26th, 2016|Categories: Startup and Launch|Tags: , , , , , |

Should You Convert Your Business Structure to an S Corp?

You’ve been chugging along as a sole proprietorship for a while now, but you’re beginning to realize that might not be the best idea to protect your business. So you’re considering converting your sole proprietorship to another structure, specifically the S Corporation. Ask yourself the following questions to determine if now is the right time to convert your business structure. 1. Do You Want to Bring on Investors? Maybe you bootstrapped your business, but now you’re ready to take the company to the next level, and to do that, you need investors. This is an automatic reason to [...]

2017-11-28T11:44:55-07:00 March 1st, 2016|Categories: Startup and Launch|Tags: , , , |

Nontraditional Ways to Get Small Business Financing

Small business owners who encounter trouble securing traditional loans have an ever-increasing array of alternatives to choose from. Established banks working through the U.S. Small Business Administration offer the lowest interest rates on small business loans, but it’s tougher for entrepreneurs to obtain financing if their business is too new or too risky. Nontraditional lenders have stepped in to provide easier-to-obtain business loans for such entrepreneurs. The terms of this type of financing can vary widely, but expect to pay more for this speedier, easier option.

2018-01-10T12:16:51-07:00 February 11th, 2016|Categories: Ongoing Management and Protection|Tags: , , , , |

Nellie in the News – October 30, 2015

Don't get spooked that you don't know how to start or grow your small business! Nellie Akalp, our CEO, has plenty of content to help you this month. She's covered everything from benefits of an S Corp to how to build and sell a company (for 8 figures, no less), to how to fund your business without an investor. Happy reading!

2017-11-08T07:07:04-07:00 October 30th, 2015|Categories: Nellie in the News|Tags: , , , |

Small Business Taxes and How Incorporating Affects Them

This time of year, most business owners are thinking about their small business taxes: how much they owe, what they need to do to file them, whether they have enough to pay what they owe. But did you realize that if you incorporate a business, how you file your small business taxes and how much you pay can sway in your favor (depending on the corporate structure you choose)? Let’s take a look at how incorporating affects your taxes.

2017-11-22T14:23:03-07:00 April 6th, 2015|Categories: Ongoing Management and Protection|Tags: , |

2015 S Corporation Deadline: What You Need to Know

Attention, people. If you want to have your company recognized as an S Corporation for the 2015 tax year, we’re coming up on an important deadline. March 16, 2015 is the last day you can opt to convert your C Corp or LLC to an S Corp so that you can take advantage of the tax benefits of an S Corporation for 2015. You’ll need to fill out IRS Form 2553 (or have CorpNet handle it) in order to qualify.

2017-11-09T05:40:05-07:00 March 4th, 2015|Categories: Ongoing Management and Protection|Tags: , , |

The Difference Between a DBA, Sole Proprietor, Corporation and LLC

When you’re starting or running a small business, countless questions arise, particularly surrounding your business’ legal structure: Is my business legal? What kind of business structure means I’ll pay the least in taxes? What happens if my business gets sued? What business structure is best for me?

2018-02-23T09:20:25-07:00 December 9th, 2013|Categories: Startup and Launch|Tags: , , , , , |

How to Minimize Risk When Crowdfunding on Kickstarter

Crowdfunding has become an increasingly viable option for startups who need to raise much-needed funds without the help of VCs, angels or banks. To date, more than $680 million has been raised on Kickstarter. For a young, bootstrapping startup, crowdfunding is often seen as fast money that will help you build out the product or app you and your team have always dreamed about. Whether or not a project ultimately reaches its funding goals, it’s still relatively quick and easy to post your pitch and see what happens.

2018-02-21T08:05:22-07:00 October 28th, 2013|Categories: Seed and Development|Tags: , |