Colorado is a great place to start a small business. Not only is the weather great (pleasant summers and ski-fun winters), but the business climate is appealing too. Once you start a business in Colorado, you’ll need to think about the business structure you want for your company. If you do nothing, it will be a sole proprietorship. And while that’s the easiest business structure to have, it leaves your personal assets vulnerable.
You spend time coming up with the perfect name for your business...only to find someone else decides to use it right after you open your company. With another business with the same or similar name in town, your customers are getting confused, and you start losing sales. It happens to many entrepreneurs, and it’s completely preventable. There are two strategies you can use to protect your business name: registering a business name and trademarking a business name. We’ll look at both so you know which is the best fit for your company.
Starting a business creates a lot of questions for you as the owner. What should you sell? Who are your customers? Will this even work? But there are other essential questions that you need to find answers to before you even open your (physical or virtual) doors. Let’s look at a few of them and get you on the path to the right answers. What’s the Right Business Structure for My Company? This is a great question with no easy answer. Let’s review the primary structures for small businesses, and you can determine for yourself which is the [...]
When you first start your business, whether you are set up as a sole proprietorship, partnership, a corporation, or a Limited Liability Company (LLC), you may take on all the work yourself. After all, you consider yourself a great multitasker, so why not do it all yourself? You’ll learn this lesson sooner than later, but I’d rather you do it now and save yourself a lot of headache later: you’ve got to delegate to be an effective entrepreneur. That means that from Day 1, you should have the right people on your team that will help you skyrocket to success.
You know that forming an LLC provides so many benefits to your company, from tax savings to personal asset protection. But maybe you’re still on the fence about taking that next step, because you’re unsure how forming an LLC will affect your business.
As a Business Filings Consultant at CorpNet, I spend most of my day helping people start a business and assisting them with business filing services. I do that by educating them on the different types of business formation packages we have and recommending the one that is best for their particular needs, whether that’s to form an LLC or incorporate a business. I’ve learned a thing or two along the way (and made mistakes in the process), and I want to share a few tips that can help you in your sales efforts.
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.
We’ve written before extensively about all the benefits of incorporating a business, so I thought I’d take a different approach. Let’s look at some scenarios where being incorporated would help you in your small business.
When it comes to choosing the right business structure for your business, the LLC is worth consideration. Not only does it make it possible to be a shareholder if you’re not a US citizen, but there’s also no limit to the number of shareholders you can have.
If “form an LLC” is on your list of goals for the year, listen up. There are plenty of benefits to setting your business up as an LLC, but you’ll need to weigh those against the benefits of incorporating and decide which is best for your business.
If you're thinking about starting a business, you'll have a long list of things to take care of. But don't miss out on one of the most important: filing your necessary business licenses. If you don't know what kind of business license you need or where to get one, you might be tempted to just skip it altogether.
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?
If you're wondering about the best business structure for your new company, side business or freelancing gigs, know that your choice in legal structure can have a significant impact on your business, determining everything from how you pay taxes, to how much paperwork you've got to contend with, to what happens if you get sued.
For many moms, a home-based business offers the smartest balance between work and family. Running a business from your basement, guest room, or dining room table is a great way to keep your overhead costs down…and gives you the freedom to be home with the kids.
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.
My name is Nellie Akalp. I’m CEO of CorpNet.com, and no, this isn’t my first business. It’s hard to imagine a life before social media, blogs, and cell phones, but that’s when I started my first business filing company with my husband: way back in 1997. Computers weren’t yet a part of nearly every home, and the world was still used to brick-and-mortar type businesses. But we saw an opportunity to help people start a business and set up their business structures over the Internet.
Do you know the difference between an S Corp and a C Corp? Have you ever wondered if you should form an LLC for your business or where you should incorporate? Or maybe you’re not sure if you need to create a non-profit for your activities? These are just a few of the frequently asked questions about incorporation.
In the digital era, it’s never been easier to start a business on the side, whether as a freelance social media consultant, mobile game developer or Etsy shop owner.
For people -- more specifically women -- who start a business, they’re adding more to their existing to-do lists. In addition to shuttling the kids to soccer, planning dinner, and managing the household you now have to register your business, choose a name, set up a site…the list goes on and on! I have made a career for myself out of helping entrepreneurs in their journey to starting a business. The biggest decision you’ll make in legalizing your business is choosing what type of business entity works best for your brand. Here’s an overview of your options:
Another tax time has come and gone. If you’re self-employed operating as a sole proprietor, tax time can be yet another reminder that you haven’t addressed your business structure yet. Maybe you started your business as a side project, and a sole proprietorship made sense. But is it best for your needs now? The end of tax time is a perfect time to reassess what’s next for your business and legal structure. Here are some things to consider.