The Launch Blog: Expert Advice from the CorpNet Team
Does Being an LLC or Corporation Help Build Business Credit?
Establishing healthy business credit is essential to ensure a company can thrive and grow. If an entrepreneur doesn’t take measures to establish credit in their business name, they may miss out on opportunities and even pay more than they have to for goods and...
LLC vs. PLLC: Which Structure is Right for Your Business?
Choosing the appropriate business structure for your company is complicated. For attorneys, physicians, accountants, architects, and some other licensed professionals, there are extra factors to consider. Professionals who want liability protection and flexibility...
Does a Real Estate Agent Need an LLC?
Real estate agents, just like other self-employed professionals and independent contractors, should consider how to safeguard their personal assets from business-related liabilities. As a real estate agent, you may wonder if you need an LLC to get that level of...
Understanding the Various Types of Nonprofits
What Is a Nonprofit? A nonprofit organization is created to fulfill a charitable, civic, religious, scientific, literary, or educational goal. Nonprofits do not have private owners, nor do they issue stock or pay dividends to shareholders. Aside from founders or...
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...
Basic Tips for Building Business Credit
A business entity can have its own business credit record and score. Lenders, suppliers, vendors, and even potential customers might check a company’s credit score (which is publicly available) before providing funding or doing business with the company. Business...
Trademarks vs. Copyrights vs. Patents
From your company logo to your trade secrets, your business’s intellectual property has value. That’s why it’s important to take measures to protect it. What are the various types of intellectual property and how can business owners’ safeguard them? Here’s a...
How to Protect Your Brand with Trademarks
If you’ve incorporated your business or formed a limited liability company, you’ve taken critical first steps toward building a successful business. When registering your business, you’ve protected your company name from being used by competitors in the state the...
How to Start a Marijuana Business in California
With the legalization of marijuana for adult recreational use in California, it’s an exciting time for the state’s business community. The new law brings many opportunities for entrepreneurs interested in producing and selling cannabis and cannabis products....
How to Apply for an EIN if You’re Not a United States Citizen
An EIN (Employer Identification Number), also known as Federal Tax ID Number, is a 9-digit number issued by the IRS that the United States federal government uses to identify a business for tax purposes. Every business with employees or registered in the U.S. as a...
The S Corp Election Deadline is Right Around the Corner
The S Corporation election deadline for LLCs and C Corporations is March 15, 2022. So, if you’re considering changing your limited liability company or C Corporation tax treatment from its default status to an S Corp, time is of the essence!! About the 2022 S Corp...
How to Get Certified as a Women or Minority-Owned Small Business
Small business certification comes in many forms and offers incredible opportunities for business owners to work with and compete with larger businesses for contracts. Federal government agencies and many state and local governments must set aside a percentage of...
Meet the People Behind CorpNet’s Success
We are immensely grateful for our team members’ talents and contributions. They have fueled our growth and remain the key to our continued success in helping aspiring and existing business owners make their entrepreneurial dreams come true. What do our employees...
What Business Owners Need to Know About Filing Taxes in 2022
Tax season is right around the corner. A lot has changed, tax-wise, in the past year due to new legislation. Here’s a quick look at what business owners need to know about filing their taxes in 2022. Sole Proprietorship Sole proprietors are unincorporated...
Do I Need a New EIN?
If you already have an employer identification number (EIN) for your business but have recently made some changes, you may be wondering, “Do I need a new EIN?” Depending on the type of business entity and the circumstances, the IRS may require you to apply for a...
