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.

LLC-5 and the California Foreign Limited Liability Company

What is an LLC-5?

The LLC-5 is a California State form used when a domestic limited liability company formed in another state (or country) wishes to become a foreign limited liability company in California.  The official name of Form LLC-5 is “Application to Register a Foreign Limited Liability Company.” Approval to operate as a foreign LLC is known as “foreign qualification.”

As a business owner, learning more about the LLC-5 and the process of becoming a foreign LLC in California will serve you well if you’re thinking about expanding your company. If you have […]

2019-11-13T09:56:35-08:00November 13th, 2019|Categories: Ongoing Management and Protection|

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 an immense impact on the U.S. economy. According to American Trucking Associations, 71 percent of the freight tonnage moved in the United States goes on trucks. If you’ve been thinking about how to start a trucking company so that you can become a part of this booming industry, you may also be wondering, “Where do I begin?” Whether you’ve been a driver for another company and desire […]

2019-11-09T11:38:29-08:00November 9th, 2019|Categories: Startup and Launch|

Can I Use My LLC for More Than One Business?

There may come a time when you decide to expand your business into an additional area of focus or take an online business to a storefront (or vice versa). Can you run both businesses under your existing LLC? The short answer is, “Yes, you can.” However, you have other options to consider before jumping in and handling things that way. The route you choose can impact you in several ways (including your liability and tax obligations), so it’s critical to do your homework and weigh the pros and cons.

I recommend talking with […]

2019-11-06T14:13:41-08:00November 6th, 2019|Categories: Growth and Expansion|

LLC with S Corp Election or Corporation with S Corp Election: Which is Best?

You’ve probably heard that being an S Corporation has some perks. It certainly can for some businesses. Might it be the right option for you? Let’s take a moment to chat about all things S Corp so that you can gain a better understanding of what it is and its potential advantages.

First, an S Corp isn’t a type of business entity; it’s a special tax election that an eligible limited liability company (LLC) or corporation may choose. In other words, business owners must decide whether their company will form as […]

2019-11-04T10:05:46-08:00November 4th, 2019|Categories: Seed and Development|

How to Avoid Double Taxation: LLC or S Corp?

Creating a legal entity for your startup will establish much-needed separation between you and your business. Shielding your personal assets is the first and foremost reason to think about incorporating. But let's face it. When it comes down to choosing a business structure, small business owners are typically concerned about one thing: taxes.

2019-11-13T11:32:50-08:00November 1st, 2019|Categories: Ongoing Management and Protection|Tags: , |

How to Legally Dissolve a Corporation or LLC

“Dissolution” is the act of formally dissolving (closing) a business entity with the state. It involves far more than just stopping to sell products and services. Dissolution is a process for wrapping up all legal and financial aspects of the business and legally terminating its existence in the state(s) where it is registered. Business owners, and professional services providers who offer accounting, tax, or legal services to entrepreneurs, should know how to legally dissolve a Corporation or LLC. Just like life, running a business has its share of ups, downs, and surprises—and […]

2019-11-13T13:28:28-08:00October 23rd, 2019|Categories: Maturity and Exit|

How to Start an Accounting Business

Whether you’re a finance major fresh out of college or have been working in an accounting firm or department for years, I’ll bet you’ve thought about being your own boss. There’s a lot to consider when exploring how to start an accounting business. Let’s dig into the necessary steps and mistakes to avoid.

Starting an accounting business offers an opportunity to chart your own professional course and enjoy the flexibility and control of self-employment. Of course, there’s plenty of research and work involved in the process. You’ll want to be thorough and well-informed as […]

2019-10-23T11:01:39-08:00October 16th, 2019|Categories: Startup and Launch|Tags: |

How to Start a Consulting Business

If you have a high level of proficiency, expertise, and experience in a field, you may have thought about how to start a consulting business. Starting a consulting business can be a wonderful career option for individuals who want to leverage their knowledge and skills while enjoying the flexibility and autonomy of self-employment. Even if you don’t presently have experience doing the type of work you’re interested in, you may be able to achieve your dream with hard work, education, training, and attention to complying with the professional and legal requirements.

In today’s […]

2019-10-09T11:49:59-08:00October 9th, 2019|Categories: Startup and Launch|

Business Name Change: How to Legally Update by Business Entity Type

Despite your best efforts to choose the perfect name for your company, there may come a time when that name no longer is the best fit. Perhaps the business name no longer accurately reflects your brand or there are legal considerations at play. Regardless of the reasons to make a business name change, it’s a process that many entrepreneurs find confusing. The steps involved can vary depending on the business entity type and state of registration.

You may not expect ever to have to change your company name but knowing what to expect […]

2019-10-03T13:00:04-08:00October 3rd, 2019|Categories: Ongoing Management and Protection|

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 staff being compensated a fair wage for their work in a nonprofit, the organization may not benefit individual stakeholders financially.

There are 35 types of nonprofits recognized by the United States federal tax code. Some nonprofits are either fully or partially tax-exempt, meaning they do not have to pay certain taxes. Also, some types […]

2019-09-24T04:45:31-08:00September 24th, 2019|Categories: Startup and Launch|