Filing a North Carolina annual report is a yearly activity that is required to maintain your company’s registration as a legal entity in the state. It contains information about the company and is due whether or not the entity is actively conducting business. Only when an entity has been officially dissolved (closed) does it no longer have to submit an annual report.
Did you structure your business as a corporation or LLC for limited liability protections? For most scenarios the extra filing requirements, paperwork and fees are worth it—your personal liability protection helps make sure your assets are protected from the business’s debts and legal issues. And that goes for the corporation’s shareholders and LLC members, too. Creditors can’t come after members’ cars, houses or personal possessions to pay for attorney fees and unpaid invoices.
But it’s called limited liability, which means there are some notable exceptions. Here’s what to know and how to protect […]
During this uncertain time, I know many small business owners and entrepreneurs are feeling overwhelmed and stressed by the unknown. Not only do entrepreneurs worry about how the COVID-19 situation will hurt their businesses, but they also feel concerned about their employees. Indeed, the coronavirus has turned our world upside down.
Fortunately, federal, state, and local governments are stepping up to the plate to create ways to provide Coronavirus relief and aid to businesses and the people who work for them.
In this article, I will share some of the currently available information about […]
So, you want to be a landlord? Here’s what to know about setting up a rental property business and protecting it with an LLC or S Corp.
Whether you want to purchase property to rent out on Airbnb or you want to lease office space, it’s important to understand that how you structure the property purchase affects your liability and your taxes.
To be clear, we are not talking about merely renting out your home or a room in your house for a short timeframe. According to the IRS, rental income from a short-term […]
There is no higher priority for CorpNet than the safety of our clients, our partners, and our employees! With the Coronavirus (COVID-19) being such a dominant topic in the media and in the workplace, Phil and I wanted to make sure you know we are here to help you and your business stay in compliance.
We’re Open and Here to Help
CorpNet Incorporation Services remains open and ready to assist you!
CorpNet will remain open and in full operation Monday through Friday from 7 a.m. until 5:00 p.m. PST.
We will continue to provide you with […]
Business entities that are registered with Georgia’s Office of the Secretary of State must file a Georgia annual report each year. The due date for filing Georgia’s annual report is April 1st.
What is an Annual Report?
The correct terminology for an annual report is actually “annual registration.” However, many people refer to it as an “annual report” because that’s what the annual filing is called in many states. Throughout this article, you’ll see that I use both terms to mix things up a little for your reading pleasure!
Businesses required to file a Georgia […]
Wondering if you need to submit a Secretary of State Annual Report and when it’s due? This state-by-state list will help you prepare and stay in compliance.
Consumers have many choices when it comes to legal services, from do-it-yourself online legal services, Alternative Legal Service Providers (ALSP) and even the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) have recently added legal services to their menu of services. How can your mid-sized firm compete with the competition growing exponentially?
For business clients, there are several ways you can expand your offerings without having to invest too much time or money. Since you’ve already gained their trust in legal matters, now is the time to build loyalty and appreciation by providing […]
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 cause some confusion for entrepreneurs. One of the tax-related topics that people often ask about is: “Do LLC members have to pay self-employment tax?”
In this article, I’m going to cover that question, along with many others related to the subject. Everything that I share here is for informational purposes only; readers should reach […]
Do you already have experience in preparing tax returns as an employee or temp for a tax agency and wish you had more control over your schedule? Or are you looking to capitalize on your math abilities and attention to detail on your own terms? Either way, you may be wondering how to start a tax preparation business from home.
With the complexity and ever-changing nature of the U.S. tax code, I don’t believe it’s a stretch to say that demand will always exist for professional tax preparers. They serve an essential need. […]