Should You Incorporate Now? Two Questions You Need to Answer

Now that your 2012 taxes are history, it’s time to breathe a sigh of relief. Another tax day has come and gone. And if you’re self-employed and operating as a sole proprietorship or a partnership, you dutifully filled out your Schedule SE and paid your self-employment taxes. I bet it made you wonder where all your hard-earned money went.

2018-02-23T09:37:17-07:00 August 5th, 2013|Categories: Startup and Launch|Tags: , , , , |

How to Boost your Credibility as a Solo Business Owner

Your company may be small, but you’re at the top of your field. You’ve never let a customer down and more often than not, you exceed their expectations. So, why does it feel like you need to convince customers that your small (or solo) business is just as trustworthy as your larger competitors? With a little work, you can build your status as an expert in your field and boost your credibility with potential clients.

2018-02-22T06:20:23-07:00 April 19th, 2013|Categories: Growth and Expansion|Tags: |

When It’s Time to Throw in the Towel

Someone once told me that a true sign of a successful entrepreneur is the ability to know when it’s time to throw in the towel and move on. One failed business doesn’t define an entrepreneur. And the end of one venture means the start of something new. Closing a business doesn’t just mean selling your assets and calling it a day. You’ve got to go through the right steps to ensure your business is legally closed and you’re primed for what’s next. Otherwise, you’ll still be responsible for filing annual reports, filing state/federal tax returns, and keeping up any business licenses.

2018-02-21T09:01:54-07:00 April 10th, 2013|Categories: Maturity and Exit|Tags: , |

Filing Taxes as a Sole Proprietor? What You Need to Know

More Americans are working for themselves than ever before. Call them freelancers, contractors, micro business owners, entrepreneurs…a recent report says that there are now 17 million full-time independents in the U.S. Even if this is your first year as self-employed, you probably already know that your income taxes are more involved than your colleagues who only have a W-2. However, the complexity also brings opportunity, as freelancers can deduct a lot of their expenses, such as the cost of a computer, office supplies, and work-related travel.

2018-02-16T09:44:25-07:00 April 8th, 2013|Categories: Ongoing Management and Protection|Tags: , , , |

Why Freelance Writers, Designers and Bloggers Should File an LLC

If you choose to operate under your name as a freelancer rather than setting up a DBA ("doing business as") under a company name, having an LLC after your name can provide a level of comfort to potential clients that you're professional and they can trust you with their money. There are many freelancers who turn out to not be reliable, so any level of trust you can create, you should take. The choice is yours: you can continue to operate your freelance business as a writer, designer, or blogger under your name and risk the liability of losing personal assets, or you can take the steps to protect your business by filing an LLC. Ready to form an LLC? Have questions about whether an LLC is right for your freelance business? Let CorpNet help. Get started filing your LLC today.

2017-11-21T04:05:00-07:00 October 17th, 2012|Categories: Startup and Launch|Tags: , , , |

What You Need to Know Before Starting Your Business

From the outside, starting a business seems simple enough. You've got a great idea, and now you want to make money from it. But there's actually a lot of work that needs to be done before you can launch your new business. Let's look at the key things you should know. Ask yourself these five questions before starting a small business and you'll have a greater likelihood of succes.

2017-11-28T11:51:54-07:00 August 23rd, 2012|Categories: Seed and Development|Tags: |

How to Save Money in Your Small Business

Whether you're just starting a business or have been running yours for a while, I'm willing to bet lunch that you could use a few pointers about saving money. Who couldn't, right? The more you save in your business, the more you can spend elsewhere to help your company grow, hire more employees or develop new products. Here are a few of my best tips for helping you save money in your small business.

2017-11-28T10:24:32-07:00 July 26th, 2012|Categories: Ongoing Management and Protection|Tags: |

6 Mistakes To Avoid When Incorporating Your Business

Forming an LLC or corporation can be a relatively quick and easy process, but most small business owners aren’t exactly experts in tax and business law. There are a bevy of mistakes that can have a significant impact on their business; here are six of the most common.

2017-12-28T05:48:24-07:00 May 8th, 2012|Categories: Startup and Launch|Tags: , , , |

Incorporating a Business 101

As a business owner, the day will come when you inevitably will have to address the legal aspects of your business – and the sooner the better. And, fortunately, the process can be relatively painless and hassle-free. I talk to countless small business owners and freelancers who consider themselves too small to worry about incorporation. After all, you don't have mazes of cubicles…you may not even have any employees. However, incorporation can still be a smart idea even for the self-employed graphic designer or wedding planner and in this post we discuss the benefits of incorporating your small business.

CorpNet Staff Spotlight: Ben Gran, Blogger

Here at CorpNet, we have a full-time in-house staff that helps us manage business filings for our customers who are ready to start a business or incorporate a company, and we also have remote freelancers who help us with specific projects. One of our long-time freelancers, who you’ve probably seen on the CorpNet blog, is freelance writer Ben Gran.

2018-02-19T06:50:08-07:00 February 8th, 2012|Categories: Events & Announcements|Tags: , , |

Job Creation is a False Idol: Start a Business Instead!

Ever since I decided to quit my job and start a business as a full-time freelance writer, I've discovered a whole new outlook on life. I’m constantly adapting, learning, growing, and changing - finding new customers, finding new partners, finding an ever-shifting assortment of new "gigs" and projects. I work with people worldwide. I help solve problems for all kinds of organizations and all kinds of situations. I have created my own job, and it’s the best job I’ve ever had. Is it "easy" to do this? No. Is it scary? Sometimes. But there's nothing scarier than a false sense of "job security.” If you have an urge to start a business, the biggest risk you can take is to not take one. Start today. Create your own job. Be a job creator.

2017-12-22T10:44:10-07:00 December 6th, 2011|Categories: Startup and Launch|Tags: , |

Ready to Start a Business? Don’t Let the Economy Hold You Back!

NPR’s “Talk of the Nation” had a recent episode discussing one of the big trends in today’s U.S. economy: more people are starting their own businesses. There are many reason for this trend; perhaps people have been laid off from traditional jobs, or had their hours cut, or maybe they’re just looking to seize an opportunity and create their own career path. With millions of Americans still out of work and the job market slow to grow, many people are taking their destinies into their own hands. Rather than wait for their next steady paycheck to appear, these entrepreneurs are creating paychecks of their own.

2017-12-26T10:16:56-07:00 November 28th, 2011|Categories: Startup and Launch|Tags: , |

When you Start a Business, Every Day is Thanksgiving!

When you start a business, it can be hard to find time to reflect on life. Chances are you’re too busy pursuing opportunities and paying bills and keeping your head above water. But for entrepreneurs, Thanksgiving takes on a whole new meaning. Because the truth is, when you start a business, every day is Thanksgiving.

2017-12-27T11:11:52-07:00 November 24th, 2011|Categories: Startup and Launch|Tags: , |

The new trend in entrepreneurship: “moonpreneurs”

Being a moonpreneur is not easy – there are a lot of late nights and stressful, sleep-deprived days. But if you can get through the tough times of working two jobs, being a moonpreneur can be the best preparation for full-time entrepreneurship. After you’ve gotten used to the hectic schedule of moonlighting, running your own business full-time will feel like a paid vacation.

2017-12-27T11:41:32-07:00 October 27th, 2011|Categories: Startup and Launch|Tags: , |

Play to Your Strengths and Outsource Your Weaknesses

Think of the tasks you could outsource in your startup (or even your established business!) – you could save precious time and money by having someone else complete them for you. Even if you don’t run an online business you might still benefit from having a website, and even if you don’t have a website, outsourcing customer services or even having a freelancer create some brand identity for you could turn out to be a great investment!

2018-02-16T09:53:48-07:00 October 26th, 2011|Categories: Growth and Expansion|Tags: , , |