I’ve been blogging on CorpNet for nearly a year, and I’ve written a lot about protecting your business by incorporating or filing as an LLC. The thing is, and I’m a bit embarrassed to admit this: I was still operating as a sole proprietor! I thought I should taste my own Kool-Aid and get on the incorporation bandwagon. Here’s my experience with CorpNet (and yes, while they’re a client, my review is honest!).
After emailing back and forth with CEO Nellie Akalp, she put me in touch with Senior Document Analyst Amanda Beren. We emailed a few times, then set up a call, as she had questions that would help me make the right decision about my business structure. Initially, I thought I wanted an LLC, but since my husband has his own S-Corp and could advise me on how to set up for taxes, et cetera, I decided to go with an S-Corp.
I decided to file on January 1, 2013, so that I’d have a clean break tax-wise from my sole prop status (thanks, Nellie, for that advice). I was actually on vacation on January 31 when Amanda called. I expected the call to be long and tedious, but since we’d done the bulk of the information transfer over email (my company name, address, details), it actually only took a few minutes.
Amanda told me what to expect next. Since I wasn’t in any hurry to get my corporation approved, I opted for the standard package. The site says processing and delivery time on that package is 50-60 days, and it was exactly that. In retrospect, I might have paid to get the expedited package to get it processed faster, as I needed to get a new business bank account, and that was held up by my corporation not being ready. Continue reading “How I Incorporated my Business with CorpNet” »