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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.

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 remit sales tax in those states, too?

These are all valid and important questions! We’re going to delve into them in this article to give you some helpful food for thought as you research what requirements apply to your business.

Please keep in mind […]

2020-01-24T06:46:17-08:00January 24th, 2020|Categories: Ongoing Management and Protection|

16 Considerations When Choosing a Business Filings and Compliance Provider

Entrepreneurs cannot succeed in business completely on their own. Yes, they leverage their talent, expertise, and skills. But they also recognize when to delegate tasks and responsibilities to others with the knowledge and proficiencies they lack. For example, not very many business owners know all the ins and outs involved preparing and submitting the paperwork involved in setting up a business entity and keeping it compliant. Rather than trudge through the process and hope for the best, it’s wise for business owners to enlist the help of a business filings and compliance […]

2020-01-20T07:25:14-08:00January 20th, 2020|Categories: Startup and Launch|

Tax Savings Features of Corporations, S Corps and LLCs Under TCJA

The Tax Cuts and Jobs Act (TCJA), made tax law changes that affected every business. Deductions, depreciation, tax credits, and corporate tax rates will make filing taxes different for you and your clients this year. Generally speaking, most of your business clients will do well under the TCJA, but there are a few tax breaks that have been lowered or eliminated. Here’s what you need to know.

Changes for Corporations

Corporations will feel the biggest impact from TCJA, primarily in a positive way. Pre-TCJA, corporate tax rates were similar to individual tax rates, in […]

2020-01-13T10:02:25-08:00January 13th, 2020|Categories: Ongoing Management and Protection|Tags: |

Remaining Independent Under California’s New AB5 Law

Whether you work as an independent contractor or your business hires independent contractors, California’s new AB5 law, which went into effect January 1, 2020, forces your hand on becoming an employer or an employee depending on how you conduct your business.

The Existing Employee vs. Contractor Designation

Up to now, you’ve probably made sure you’re adhering to the IRS classification rules for independent contractors, which are as follows:

  • Behavioral Control: A worker is an employee when the business has the right to direct and control the work performed by the […]
2020-01-13T11:36:51-08:00January 10th, 2020|Categories: Ongoing Management and Protection|

Help Your Clients Decide if it’s Time to Incorporate or Form an LLC

Among all the decisions and actions a small business may need to take, one of the more important is deciding whether to incorporate or form an LLC.

January is the most logical start date for a new LLC or corporation since it eases the paperwork burden. Your clients can start fresh in the new year with their new legal structure and don’t have to worry about reporting taxes as two different entities for the tax year.

At this time of year, sole proprietors and general partnerships may be wondering if it’s time […]

2020-01-09T14:47:46-08:00January 9th, 2020|Categories: Ongoing Management and Protection|

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, so you need to correct the name. Or perhaps the name was fine in the past, but now it’s not because it includes the name of a business partner who just retired. Or maybe your business has expanded into other products or services, and […]

2020-01-08T08:03:37-08:00January 8th, 2020|Categories: Ongoing Management and Protection|

Is it Time to Revisit C Corporations for Your Small Business Clients?

For more than a decade, I (and probably you too) have typically advised small businesses to opt for a Limited Liability Company over a C corporation due to its ease of administration and tax advantages. However, the 2017 Tax Cuts and Jobs Act now creates the opportunity for big tax savings for C corporations and should make us rethink our general guidance.

We’ve got a full tax season under our belts since the Tax Cuts and Job Act was enacted. It’s a good time to take a fresh look at corporate structures […]

2020-01-09T14:46:28-08:00January 3rd, 2020|Categories: Ongoing Management and Protection|

Why a Business Plan is Important for Your Startup

I think it’s safe to say that nearly all business experts agree that all entrepreneurs can benefit from having a business plan. Why is a business plan important for your startup? According to a study by Palo Alto Software, entrepreneurs who have a business plan are about twice as likely to successfully grow their business, attract investors, and get loans than those who did not have one.

What is it about a business plan that makes it such an essential ingredient for success? Let’s take a closer look!

12 Reasons Why a Business Plan […]

2020-01-02T07:18:38-08:00January 2nd, 2020|Categories: Growth and Expansion|

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 disaster.” Most critical is that noncompliance by Limited Liability Companies and Corporations can lead to “piercing the corporate veil,” which puts business owners’ personal assets at risk. (More on that later!)

Before I get into the penalties for noncompliance, let’s first take a moment to discuss what it is exactly.

What is Noncompliance in Business?

Nearly every […]

2019-12-26T05:31:38-08:00December 26th, 2019|Categories: Ongoing Management and Protection|

How to Start a Dropshipping Business

Statistics indicate 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 dropshipping business model a viable approach. Ready to learn more about dropshipping as a way to fulfill customer orders? Let’s talk about what it is, some points to consider about the business model, and how to start a dropshipping business.

What is Dropshipping?

Dropshipping is an order fulfillment […]

2019-12-25T04:58:07-08:00December 18th, 2019|Categories: Startup and Launch|