LLCs

How Much Does It Cost To Incorporate Your Business?

So you’ve decided to either form an LLC or incorporate your business. Kudos to you for thinking about the benefits of liability protection and possible tax advantages that come with formally establishing your company as a separate legal entity. Like many small business owners, you may now be wondering how much does it cost to incorporate your business and in what state should register your company. Some entrepreneurs opt to incorporate or form an LLC within the state they live. Others look around for a state with the most cost-effective fees. For example, Delaware has become a popular [...]

2017-09-08T10:05:15-07:00 June 7th, 2017|Categories: Startup and Launch|Tags: |

Start & Run Your Business Right: Join Our Facebook Group and Partner Program

The process of starting a business is both thrilling and intimidating. There’s the exhilaration that comes from working through the details and making the dream a reality. And then, there are the business formation options and ongoing compliance requirements that often raise questions and sometimes cause confusion. That’s why I’m hosting the “Business Formations & Compliance” Facebook group. The group is a place where business owners and aspiring entrepreneurs can get insight on anything related to forming a business and complying with the rules to keep it in good standing. You can join for free, so there’s no [...]

2018-02-23T07:45:55-07:00 May 24th, 2017|Categories: Partner Program|Tags: , , , |

How To Choose And Legally Use Your Business Name

The name you choose for your business will be one of your most powerful and valuable assets. As one of the primary ways customers distinguish you from your competitors, your business name wields a lot of power. The right name can help propel you to success; the wrong name can put you at a disadvantage. Besides choosing a business name that: Projects how you want people to view your business (e.g., edgy, professional, high-tech, academic, approachable, etc.) Makes it easy for customers to identify what you do. Is simple enough to be memorable. I encourage you to have [...]

2017-11-20T11:17:30-07:00 May 22nd, 2017|Categories: Startup and Launch|Tags: , , , |

Registered Agents – FAQs

Happy May! This month, we will be going over the requirements for being or maintaining a registered agent and what the registered agent does for your business. Q: What is the purpose of the registered agent? A: The registered agent is the person named to receive important legal and tax documents on behalf of a business in a given state. This includes important mail sent by the state (annual reports or statements), state tax documents, as well as any Notices of Litigation. Virtually all states require corporations, LLCs, LLPs, LPs and nonprofits to appoint a registered agent in [...]

2017-11-28T11:01:40-07:00 May 10th, 2017|Categories: Startup and Launch|Tags: , , |

How to Start an Accounting Firm

If you’re a CPA or an accountant, the transition from working for someone else to being your own boss has probably crossed your mind. When you start an accounting firm, you'll soon see that self-employment offers an opportunity to have more control over your own schedule, allowing you to better balance your professional endeavors and personal life. It also enables you to manage your firm the way you want to manage it. But where do you start? How can you start an accounting firm and make sure you are checking all the boxes for compliance? Seven Steps to [...]

2018-06-05T06:16:06-07:00 April 19th, 2017|Categories: Startup and Launch|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: , , , |

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: , |

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: , , , , , |

Nellie in the News: February 2017

What a start to 2017! January and now February have flown by and we’re looking forward to a spring filled with lots of sunshine after these rainy past few months. We have been busy in the office on the phones daily helping you incorporate a business, form an LLC, file a DBA and more across all 50 states! Our CEO Nellie Akalp has been busy as always sharing her expertise and knowledge across the blogosphere. Check out her articles and press mentions from February below. Want Nellie to speak at your next event or share her tips on [...]

2017-11-08T07:07:03-07:00 February 28th, 2017|Categories: Events & Announcements|Tags: , , |

Foreign Qualifying your Business – FAQs

Happy February! With winter now in full swing, we will be talking about a way to get away from the cold with Foreign Qualifying! This month, we discuss the opportunities of Foreign Qualification into another state and what the requirements are for those states. Q: What is foreign qualification? A: A corporation or LLC transacting business in a state(s) outside of their state of incorporation is typically required to foreign qualify in those other states. Q: What constitutes transacting business in another state and when do I need to foreign qualify? A: As examples, your company is considered [...]

2017-11-28T11:59:13-07:00 February 7th, 2017|Categories: Startup and Launch|Tags: , , |

Nellie in the News – January 2017

Another month has flown by - 2017 is off to a great start for us in the CorpNet office! Our New Year's resolutions are still going strong. How about you? Our CEO, Nellie Akalp has been busy as always in the press letting you know the best ways to start your business and how CorpNet can help! Call us today to incorporate, Form an LLC, file a DBA or for your other business formation needs. Here's a recap of what was published in January! Interviews & press Mentions Small Business Trends - 10 Essential Ingredients of a Successful Business [...]

2017-09-08T10:38:41-07:00 February 1st, 2017|Categories: Nellie in the News|Tags: , , |

What Every Small Business Should Know About 1099s

Every year when tax time rolls around, I field questions from business owners about whether or not they need to send 1099s to their vendors. As common as 1099 forms are, they remain one of the most misunderstood Internal Revenue Service (IRS) requirements. To make sure you understand the circumstances under which the IRS requires issuing 1099-MISC forms to vendors, I’m going to provide some basic “must-know” information here. What Is A Form 1099-MISC? You must issue an IRS Form 1099-MISC to each person you’ve paid $600 or more in services (including parts and materials), prizes and awards, [...]

2017-09-25T10:39:02-07:00 January 31st, 2017|Categories: Ongoing Management and Protection|Tags: , , , , |

Should You Buy A Business Or Start One From Scratch?

Hope your New Year is off to a great start! As you’re looking to make 2017 a year of prosperity, have you set your sights on becoming a business owner? If so, you’re probably wondering whether buying an existing business or starting your own company will offer the best chances of success. Both have their advantages and challenges, so how do you choose? I wish there were an easy answer, but I’m afraid you’ll need to do some research and put some serious thought into your decision. As you explore your options, consider the following pros and cons [...]

2017-12-13T10:23:59-07:00 January 17th, 2017|Categories: Seed and Development|Tags: |

Starting a Part-Time Business

So you’re not ready to quit your “day job,” but you want to launch a business? Many entrepreneurs dip their toes to test the waters by starting a part-time business. In some ways, it’s the best of both worlds; you pursue your dream of business ownership while still bringing home a steady paycheck. 4 Steps for Starting a Part-Time Business Off Right Although there are some considerations unique to starting a business part-time, you’ll find other aspects are the same as when starting a company full-time. For example, you have to take the necessary steps to operate your [...]

2017-10-04T08:40:30-07:00 January 11th, 2017|Categories: Startup and Launch|Tags: , , , , |

Business Information Zone (B.I.Z) – FAQs

Welcome January and 2017! With the holidays behind us and a bright new year ahead of us, it is a great time to start a business.  This month, we discuss the ways CorpNet can assist with our Business Information Zone or B.I.Z. in keeping your company in compliance! Q: What is B.I.Z.? A: Think of B.I.Z. as your business’ personal concierge service. Once you sign up, you’ll receive email reminders on tax and compliance alerts. You can also use B.I.Z. to store your business documents, and keep a personalized business profile that tracks important data about your company [...]

2017-11-28T10:25:43-07:00 January 5th, 2017|Categories: Startup and Launch|Tags: , , , |

Nellie in the News: December 2016

Happy December and Happy Holidays! With the new year only a few days away, it is time to re-evaluate your business! This month, our CEO, Nellie has been busy all over the internet with different informational articles that could help your business prepare for the fast approaching 2017! Interviews & press Mentions Monster.com - When Is it Time to Hire Another Employee? http://mnstr.me/2gQYfDn Feedspot - Top 100 Small Business Blogs On the Web http://bit.ly/2glhyry TenFold - 20 Experts Answer: What's Your #1 Sales Follow Up Tip? http://bit.ly/2gWB7m4 Small Business Advocate - When Is the Right Time to Change yor Business to [...]

2017-11-08T07:07:04-07:00 December 29th, 2016|Categories: Nellie in the News|Tags: , , , |

Ready Or Not – Is Your Business Prepared For 2017?

Congratulations on what I hope has been another prosperous year for your business! With 2016 coming to a close, now is the time to reflect on your successes and what you still need to do to make sure you’re set to make the upcoming year better than ever. Do you have all of your business’s end-of-year responsibilities wrapped up? Here’s a list of questions I recommend you ask yourself, so you can identify what you still need to take care of before the New Year begins: Have you organized all your accounting and tax records? Tax time can [...]

2017-09-12T11:29:19-07:00 December 20th, 2016|Categories: Ongoing Management and Protection|Tags: , , |

What Should You Do If Your Business Is “Inactive”?

Just because you’ve stopped working with customers, taken down your website, and aren’t making money from your business, it doesn’t mean your company is considered “closed.” Closing a business, whether an LLC or corporation, requires formally dissolving it with your state. If you don’t, you could be stuck with the responsibilities of filing your inactive business’s annual reports and state/federal tax returns. And you may be legally obligated to renew your business licenses and permits, too. All of that costs time and money. So if you’ve stopped doing business and are sure you want to retire your company, [...]

2017-12-22T10:46:41-07:00 December 13th, 2016|Categories: Maturity and Exit|Tags: , , |

Filing an LLC – FAQ

We are excited to bring you another post in our monthly FAQ series! This month, our CEO Nellie Akalp is answering questions about one of the hottest entity types for small businesses - the LLC. What are the requirements of filing an LLC? What are the benefits? Read on to find out! Q: What are the benefits of forming an LLC? A: In an LLC, the owner’s personal assets are shielded from business liabilities just as they would be in a corporation. In addition, the IRS views the LLC as a “disregarded entity.” Thus, an LLC does not [...]

2017-12-28T06:53:33-07:00 December 6th, 2016|Categories: Startup and Launch|Tags: , , , , |

Will Your Business Need Financing in the New Year?

As you plan and set goals for your small business in 2017, one area to look at is financing. Will you need additional funding at some point in the New Year? If the answer is yes, how will you raise the money? Take a closer look at the two primary means of raising capital — equity financing and debt financing — and what you need to know about each. Equity Financing In equity financing, you give up a piece of your business (equity) in return for an investment of capital. Equity investors may be private investors, venture capital [...]

2017-09-08T10:42:08-07:00 December 1st, 2016|Categories: Ongoing Management and Protection, Startup and Launch|Tags: , , , , |