The Launch Blog: Expert Advice from the CorpNet Team
Dissolutions and Moving Your Business to a New State
If you’re planning to move your business to another state or close it altogether, there’s a process you must follow, which varies by the structure of the business. It may seem a bit complex, but we’ll simplify it for you. Feel like it’s too late to close your...
What Are Payroll Deductions?
Payroll deductions are monies that employers withhold from an employee’s pay. These deductions include withdrawals such as federal income taxes, state income taxes, local income taxes, FICA tax (Social Security and Medicare taxes), medical benefits, retirement...
LLC vs. S Corp vs. C Corp
Yes, operating a business as a sole proprietor or general partnership offers simplicity, but that comes at the cost of not having a separation between you as an individual and your company. Are there other options? There are alternate options that include popular...
How to Register a Business in Oregon
Have you been thinking about making your dream of starting your own business in the beautiful Pacific Northwest a reality but not sure how to begin?  This post will help guide you through the process of registering a business in Oregon. That said, let’s get started...
Does an LLC Get a 1099?
Many freelance professionals and independent contractors operate as Limited Liability Companies (LLCs). The requirements for when a business should send a 1099 form to an LLC vary, as does the 1099 form to send. Generally speaking, this is when LLCs should or...
How Much Does it Cost to Incorporate Your Business?
So you’ve decided to register your business as a Limited Liability Company or C Corporation. 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...
Incorporate Before Year End to Avoid Issues at the Secretary of State
Think you’re the only business owner who wants to incorporate or form an LLC before the end of the year with your Secretary of State? Think again. Registering a business at the end of a calendar year can take longer than any other time of the year. Because everyone...
Registering a Business Name vs. Trademarking a Business Name
You spend time coming up with the perfect name for your business then you spend lots of money creating business cards, signs, and other marketing collateral. But what happens if someone else is already using that name or the name is soon adopted by another company?...
What Every Small Business Should Know About 1099s
Every year when tax time rolls around, many business owners wonder whether they must send 1099s to their vendors. As commonly known as 1099 forms are, they remain one of the most misunderstood Internal Revenue Service (IRS) requirements. Recently, more confusion...
How to Hire the Right People
At CorpNet, we pride ourselves on having a stellar team of employees. Many of our staff has been with us since we launched in 2009. We treat our staff like family, and in return, they do everything they can to help make CorpNet a success.
How to Encourage Your Kids to Grow Up to Be Entrepreneurs
My kids have taught me some valuable life lessons that I’ve used as an entrepreneur, and I like to think that a lesson or two has rubbed off on me to them. There’s no guarantee that any of my four children will grow up to become small business owners, though I’d...
Can a Corporation Be a Member of a Limited Liability Company (LLC)?
Starting and running a business as a Limited Liability Company (LLC) offers some advantages to business owners who want liability protection, taxation flexibility, and credibility without complexity. Next to a Sole Proprietorship, it’s the business legal structure...
Multiple Ventures? How to Best Structure Your Multi-Brand Business
It's possible to create a separate business entity for each venture you start. However, this can result in excess paperwork and legal filings. And in many cases, each business may not be earning a significant amount of revenue individually, making the paperwork seem especially tedious. To save some headaches and paperwork, this article provides you with great tips to consider when dealing with multiple business types.
How to Start a Skincare Business
If you plan to start a skincare business, there are several things you'll need to do before you start scheduling customers to come in for facials, waxing, or consultation. Here's a checklist of what you need to know if you want to know how to start a skincare business.
10 Tips to Making Startup Funding Work for You
Whether you plan to create a crowdfunding campaign, pitch venture capitalists or investors, take out a small business loan, or use your own savings, there are strategies to succeed in your efforts. Here we have 10 tips guaranteed to make your startup funding a success.
5 Mistakes to Avoid When Giving Business Gifts
If you’re planning to give your staff, vendors, or your clients presents this holiday season, think twice before you do. Many businesses make gift-giving blunders, which are completely avoidable. Below are the top five business gift mistakes you should avoid this...
What Is FUTA Tax?
FUTA tax is among several employment-related taxes that businesses with payroll must pay to the government. FUTA (the Federal Unemployment Tax Act) initiated a program that works along with state unemployment programs to pay benefits to workers who have lost their...
Appointing a Board of Directors
If you’ve decided to form a corporation, congratulations to you! You’re on the right track to protecting yourself and taking your business more seriously. But the work’s not done yet. One of the steps you’ll need to do in the incorporating process is to appoint a...
What Is Reasonable Compensation for an S Corporation?
If you're considering taking an S Corporation election, it's important that you review what obligations are involved in keeping an S Corporation viable. An important part of this review includes an evaluation of the reasonable compensation requirement. What is an S...
A Guide for Starting a Business in Wyoming
Wondering how to start a business in Wyoming? Get all the tips and guidance you’ll need to tackle to start and launch a business in the “Cowboy State".
5 Tips to Smarter and More Efficient Business Meetings
Nobody likes business meetings. So why do we have so many? Unfortunately, they’re a necessary evil when it comes to running a business. Having led my fair share of meetings at CorpNet, believe me when I say I hate meetings as much as my employees. When I see an...
How to Start a Small Business in Texas in 10 Steps
If you've been exploring how to start a small business in Texas, this article is for you. Learn 10 steps to launch a business in the Lone Star state.
Is A Real Estate LLC Really Necessary?
A Real Estate LLC (Limited Liability Company) business structure has become a preferred entity of real estate investors for holding title to investment properties. That’s not too surprising considering the advantages of forming an LLC: It limits personal liability....
Does a Sole Proprietorship Need Liability Insurance?
Many entrepreneurs who are the sole owners of their business (or operate a business with their spouse) choose to operate as sole proprietorships. A sole proprietorship is the simplest business structure to manage, which is why it’s popular with self-employed...
Paying Small Business Taxes: Three Options to Consider
If you’re like most small business owners, you groan when April rolls around. You know you have a hefty tax bill waiting for you, and it’s one you despise paying. What’s your plan for paying that tax bill? Did you know you had options? Let’s look at three smart...
Three Tips for Choosing an Advisor for Your Startup
When you run a business, you don’t always know how to make the best decisions. After all, your expertise is in one area, but you might not be well-versed in finance, marketing, management, or growth strategy. That’s where having an advisor for your startup comes in...
How to Legally Franchise a Business
If you've considered how to grow your business by leaps and bounds without starting and running dozens or hundreds of locations yourself, you may have wondered how to franchise a business. In this article, you'll learn more about what franchising means, how to determine if franchising makes sense for your business, and what's involved in franchising a business.
What is a Series LLC?
The Series LLC is also known as a Series Limited Liability Company or SLLC for short. It allows multiple Limited Liability Companies (LLCs) within a master LLC to operate as separate entities with their own names, bank accounts, and record keeping. Each series can conduct business independently in this way because the series LLCs’ articles of formation explicitly allow them to have unrestricted segregation of membership interests, assets, liabilities, and operations.
6 Hiring Mistakes Small Business Owners Make
As you grow your business, you will inevitably need to hire help. If you’ve never been an employer before, there are certain pitfalls you need to avoid that many business owners make. Here’s your guide to what not to do in hiring staff. 1. Not Knowing Your Needs...
Will Your Business Need Financing in the New Year?
As you plan and set goals for your small business in 2023, 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...
