NellieAkalp

//Nellie Akalp
Nellie Akalp

About Nellie Akalp

Nellie Akalp is an entrepreneur, small business expert, speaker, and mother of four amazing kids. As CEO of CorpNet.com, she has helped more than half a million entrepreneurs launch their businesses. Akalp is nationally recognized as one of the most prominent experts on small business legal matters, contributing frequently to outlets like Entrepreneur, Forbes, Huffington Post, Mashable, and Fox Small Business. A passionate entrepreneur herself, Akalp is committed to helping others take the reigns and dive into small business ownership. Through her public speaking, media appearances, and frequent blogging, she has developed a strong following within the small business community and has been honored as a Small Business Influencer Champion three years in a row.

Top FAQs for Small Business Licenses and Permits

When you’re starting a business there’s so much to know, it can be overwhelming.  Let us take some of the complexity out of the startup process by answering the top FAQs entrepreneurs have about small business licenses and permits.

Is a business license the same as a permit?

Although most businesses likely need various licenses and permits to operate legally, a business license and a permit are different. A business license from the city in which your company operates, confirms your business has complied with the city’s rules and regulations for legal operation.

Other business […]

2020-08-06T09:12:50-07:00August 6th, 2020|Categories: Startup and Launch|

A Mid-Year Business Checklist to Get You Back on Track

Tax season is over (for most of us). So, what’s next for business owners and professional advisors with business clients? With so much disruption and distraction this year, you may have fallen behind keeping up with compliance for business licenses, permits, and identification numbers. Here’s a mid-year business checklist to get you back on track.

Federal Tax ID

Getting a Federal Tax ID number (or an Employer Identification Number—EIN) is optional if you’re a sole proprietorship, but if your business acts as a CorporationLimited Liability Company, or a partnership, you and your […]

2020-08-03T09:52:24-07:00August 3rd, 2020|Categories: Ongoing Management and Protection|

How to Start a Restaurant Business

Are you thinking about how to start a restaurant business? Without a doubt, it’s an industry that contributes immensely to our economy. According to statistics from the National Restaurant Association, there are over one million restaurant locations in the United States, and they collectively employ 15.6 million people. What I think is especially encouraging about the restaurant industry is that it has a track record of opening the door to entrepreneurship to people with humble beginnings who are willing to work hard and learn. Many people who start a restaurant […]

2020-07-28T08:30:18-07:00July 28th, 2020|Categories: Startup and Launch|Tags: |

LLC vs. Partnership

When deciding between an LLC vs. partnership as your company’s business structure, you’ll have many considerations to address. There are ramifications legally, administratively, and financially when choosing a business entity type. Rushing to a decision can have consequences—BIG consequences—so it’s critical to review your options carefully and seek professional guidance such as from an attorney and accountant or tax advisor.

Comparing the LLC vs. Partnership Business Structures

An LLC (limited liability company) may be owned by just one person (“single-member LLC”) or by multiple owners (“multi-member LLC”). By the nature of its name, a […]

2020-07-27T06:17:53-07:00July 27th, 2020|Categories: Startup and Launch|

LLP vs. LLC

When you’re starting a small business that has more than one owner, you and your partner(s) may have concerns about your personal liability risks. If this is the case, it would be wise to compare LLP vs. LLC business structures.

Limited liability partnerships (LLP) and limited liability companies (LLC) combine some aspects of general partnerships and corporations. As sorts of hybrid entity types, they provide a level of liability peace of mind for their owners while preserving some of the simplicity of operating as a general partnership. Although they have some things in […]

2020-07-06T09:19:14-07:00July 6th, 2020|Categories: Startup and Launch|

What Kinds of Liability Should Accounting Professionals Be Concerned About Right Now?

Minimizing legal risks to your business has always been important. However, with so much uncharted territory and change within the current environment, it has become especially critical to look out for situations that could become problematic liability issues for your firm.

Stephen Covey once said, “If there’s one thing that’s certain in business, it’s uncertainty.”

That has never been more accurate than now. With the coronavirus pandemic persisting, nearly every company in every business sector faces uncertainty. As accounting professionals, these times of uncertainty bring a double dose of challenges your way:

  • Your own […]
2020-07-02T10:03:33-07:00July 2nd, 2020|Categories: Ongoing Management and Protection|Tags: |

Time to Declare Your Independence

For many, the “American Dream” is all about entrepreneurship. Business ownership is a way to declare personal independence and even though the COVID-19 pandemic has dampened the economy temporarily, it hasn’t quieted America’s entrepreneurial spirit. As a matter of fact, new businesses are starting despite the economic slowdown as evidenced by the recent number of EIN or Federal Tax ID applications for new businesses filed since mid-March (more than 500,000).

But startups are not where all the entrepreneurial action is. Current business owners have been busy, trying to keep their businesses running at […]

2020-07-02T08:56:30-07:00July 2nd, 2020|Categories: Startup and Launch|

Are Your Accounting Clients Worried About a Recession? Why They Need You Now More Than Ever

As far back as October 2019, half of Americans were already concerned a major recession was on the horizon and now that concern has become a reality, according to top economists. According to the National Bureau of Economic Research, the U.S. economy actually stopped growing in February this year, following an economic expansion that lasted more than 10 years. And, it all happened fairly quickly as the COVID-19 pandemic effectively shut down the economy and compounded unemployment.

So, it’s not at all surprising your accounting clients are worried about the recession. It’s up […]

2020-07-02T06:22:40-07:00July 2nd, 2020|Categories: Ongoing Management and Protection|Tags: |

Post-COVID Marketing Strategies for Accountants

Clients need their accountants more than ever in our post-COVID-19 world. Whether it’s getting ready for the extended tax deadline, figuring out how to utilize government relief funds or how to start a new business in a recession, accountants need to make sure their services are in the foreground of their customers’ needs.

Here are five post-COVID marketing strategies for accountants to win and keep clients for the long-term.

Establish the Business as Post COVID-19 Experts

As the economy struggles to get back on track and clients have specific questions on how to file […]

2020-07-01T08:56:48-07:00July 1st, 2020|Categories: Crisis Management|Tags: |

Sole Proprietorship vs. Partnership

You have much to think about and many questions to answer when starting a business. One of the most fundamental considerations is what type of business structure is right for you. Often, brand new small businesses choose to operate as a sole proprietorship or general partnership. Would either be a good fit for you? You might be wondering, sole proprietorship vs. partnership—what’s the difference?

In this article, I’ll share information about the similarities and differences between the two business structures and some thoughts about other business entity types to consider. This information should […]

2020-06-23T09:09:58-07:00June 23rd, 2020|Categories: Startup and Launch|
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