The Launch Blog: Expert Advice from the CorpNet Team
C Corporation Tax Rates
There are many reasons companies choose to incorporate as C Corporations. Being a C Corporation is preferred if you plan to seek investors or take the company public. Also, because the C Corporation is a legal, taxable entity separate from its owners, shareholders’...
11 Businesses to Start With $10K
Many entrepreneurs begin successful companies without piles of money in the bank. In fact, some businesses can get off the ground with $10K or less. So, if you’re dreaming of being your own boss but have limited funds, keep your chin up! In this article, I’ll touch...
How to Record the Buyout of a Partner
Sometimes business partnerships just don’t work out. Whether it’s due to disagreements or because one partner wants to pursue other opportunities, it’s essential to know what your options are when it’s time to split up a partnership. One common scenario is when one...
Can a Nonprofit Have a DBA?
Sometimes business owners want to market their services or products under a name other than their legal business name. For instance, a Sole Proprietorship, who must have both the owner’s first and last name in the business name, will want to use a fictitious name...
The Ultimate Checklist for Starting a Business in New York
New York is a great place to start a business and begin your journey of entrepreneurship. This article will walk you through the many things business owners should know and address to get their new businesses up and running.
CorpNet Awarded Inc. Pacific Regionals for 2023
CorpNet is proud to announce that it has made Inc.’s prestigious Inc. Regionals Pacific list in 2023 as one of the fastest-growing private companies in the country. This is the second year CorpNet has been honored in the regional awards. With a healthy 244% 2-year...
Do I Need an LLC to Freelance?
Do freelancers need an LLC? That’s a question many solo professionals ask as they start and grow their small businesses. While freelancers aren’t legally obligated to form a Limited Liability Company, doing so offers some advantages over operating as a Sole...
Which California Businesses Must File Form 568?
If you’ve decided to structure your business as a Limited Liability Company (LLC) and plan to register your company in California, it’s crucial to know how to keep your company in good standing by following the state’s compliance regulations. One regulation...
Breaking Down Paycheck Withholdings and Deductions for Employees
Ready to hire? Becoming an employer is a big responsibility. One of your primary tasks is to pay and withhold the correct employment taxes, and you’re accountable for explaining that process to your employees. Here’s what you need to know about breaking down...
What Happens When an LLC Owner or Member Dies?
Since a Limited Liability Company (LLC) can have one owner or an unlimited number of members, it’s not uncommon for an LLC to experience the death of one of its members. When that occurs, what happens to the ownership of the LLC? First, let’s define some important...
How to Choose the Best State to Incorporate a Business
Besides the questions of when and how to start a company, many entrepreneurs want to know where to incorporate a business. Each state has its own business laws and tax codes, so deciding where to form an LLC or a corporation should not be taken lightly. I recently...
Can You Change an LLC Name?
The decision to change an LLC name is one not to consider lightly. After all, your business name is one of your most important brand assets. But sometimes, a name change is in order for one of many reasons. Perhaps there was a mistake in your formation paperwork,...
How to Hire a Ghostwriter for Your Accounting Blog
Does your accounting business need a blog? The answer is yes! Website content like service pages and blog posts help your business rise in the search engine rankings and this means more people will find your website and inquiry about your service offering. So, if...
How to Start a Tutoring Business
Wondering how to start a tutoring business? This step-by-step guide will help you through the planning and launch process.
Does Your Business Need a Sales Tax License?
Does your business need to collect sales tax and remit it to the state or local tax authority? And if it does, how do you go about getting a sales tax license? Moreover, what if your business is selling your products across state lines? Do you need to charge and...
How to Start a Dropshipping Business
It's estimated that a third or more of e-commerce brands use dropshipping as a way to provide products to customers. If you've been thinking about starting an online store but don't want to deal with the costs and hassle of maintaining inventory, you may find the...
The Advantages and Disadvantages of a Subchapter S Corporation
Before the advent of the S Corporation in 1958, entrepreneurs had two options for forming a business entity. They could form a partnership or form a C Corporation. But neither of those business structures fulfilled the needs of many people seeking to start their...
What is a Certificate of Registration?
If you’re an accountant, attorney, or in the business of otherwise professionally advising entrepreneurs, you may have had clients inquire about what they need to do to expand their companies into other states. One of the most important steps involved in the...
How to Start a Trucking Business
If you’ve always wanted to start a trucking business, now could be the perfect time to put your plan into action. The trucking industry has had an immense impact on the U.S. economy. According to American Trucking Association, 71% of the freight tonnage moved in...
Help Clients Choose What Is the Best Business Structure Without Fear of Unauthorized Practice of Law
What is the best business structure? Here's how to help your clients (and boost your revenue) without illegally engaging in the practice of law.
The Consequences of Noncompliance in Business
Business compliance is a phrase that makes many an entrepreneur cringe. But despite the lack of affection for those two words, business owners must take them seriously. The possible consequences for noncompliance range from mild inconvenience to devastating...
Do LLC Owners Pay Self-Employment Tax?
Many small business owners choose to operate their companies under the LLC business structure. They do so with good reason! The LLC offers liability protection to its owners (members), tax flexibility, and compliance simplicity. However, that tax flexibility may...
The Bookkeeper’s Guide to Outsourcing
How many of your bookkeeping clients are business owners outsourcing their accounting tasks to you? If you’re lucky, probably quite a few, since small and large businesses alike have plenty of complicated financial needs. Smart business owners know that outsourcing...
How to Start a Business as a Kid or Teen
Starting a business as a kid or teen is exciting! With it, comes an opportunity to learn life-long skills that will help you become a successful adult. And, of course, there's the money you can earn! But how do you start a business as a kid or teen? Well,...
How to Start a Virtual Bookkeeping Business
Wondering how to start a virtual bookkeeping business? This article shares what aspiring self-employed bookkeepers need to think about.
How to Legally Start an eCommerce Business
If you have been considering starting an eCommerce business, you’re exploring an industry with a promising outlook. The last few years have forced many people to buy products online and this new way of shopping isn't going away anytime soon. In today's article,...
Does Your Business Need a DBA?
In the course of running your business, you’ve probably encountered more legal fine print and formalities than you ever thought possible. In this post, we’ll break down the Doing Business As (DBA) to see if your business needs one.
What Is an Anonymous LLC?
While it may sound mysterious and intriguing, an anonymous LLC (also called a private or confidential LLC) is just like a regular Limited Liability Company, except its members and managers are not publicly identified. The names, addresses, and contact information...
16 Considerations When Choosing a Business Filings and Compliance Provider
Entrepreneurs cannot succeed in business completely on their own. Successful business owners will leverage their talent, expertise, and skills, while also being quick to delegate tasks and responsibilities to others with the knowledge and proficiencies they lack....
What Is a Pass-Through Entity?
A pass-through entity refers to a business that does not pay income tax of its own. Its income, losses, credits, and deductions “pass-through” to each business owner’s personal tax return, where its profits are taxed according to each owner’s individual income tax...
