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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.

Tax Saving Features of Corporations, S Corporations, and LLCs

I regularly speak to business owners about entity types and their potential impact from a tax perspective. A while back, I created a webinar for accountants (and other professional services providers that work with businesses) on the topic of business structures and taxes. It is focused on the possible tax advantages and disadvantages of C Corporations, S Corporations, and Limited Liability Companies (LLCs). In this article, I’ll break down the important considerations that I discussed in that presentation.

  • Benefits of Business Incorporation
  • Overview of the C Corporation, S […]
2021-01-18T10:15:08-08:00January 18th, 2021|Categories: Startup and Launch|

How to Properly Handle Your Company’s Annual Meeting Minutes

Businesses that have incorporated as a corporation or formed a limited liability company (LLC) must carefully document their compliance activities. For example, when a corporation holds its annual general meeting (a.k.a, annual shareholder meeting), it must keep a record on file for regulatory compliance purposes.

Most states require that C Corporations (including those that have elected for S Corporation tax treatment) hold a general meeting for their shareholders every year. Usually, they are also required to hold at least one meeting with their board of directors yearly.

Businesses structured as an LLC may need […]

2021-01-05T07:29:56-08:00January 5th, 2021|Categories: Ongoing Management and Protection|

How to Find the Right Niche for Your Business

How many times have you heard about a new business idea and said to yourself, “I wish I’d thought of that!”? We’ve all been there. But business ideas don’t just spring up out of the blue. Most successful business concepts are a result of months (or years) of thorough market research, financial considerations, and fine-tuning the idea.

Today, when consumers have so many options at their fingertips, a generic business idea has little chance of survival. If you want to build a unique business, you need to narrow your focus and look for […]

2021-01-04T11:52:09-08:00January 4th, 2021|Categories: Startup and Launch|

10 Ways to Promote Your New Business

Excited to start your new business in the coming year? Whether you’re forming your company as a sole proprietorship or a Limited Liability Company (LLC), promoting a new business takes strategizing and fresh ideas. Otherwise, it’s challenging to get your new business noticed. Here are 10 ways to promote a new small business in 2021.

Business Name

Not to be overdramatic, but your business’s name could mean the difference between failure and success. You want to pick a name that not only tells consumers (whether B2B or B2C) what your company does […]

2021-01-04T11:35:58-08:00January 4th, 2021|Categories: Startup and Launch|

Incorporating a Business 101

As a business owner, the day will come when you inevitably will have to address the legal aspects of your business – and the sooner the better. And, fortunately, the process can be relatively painless and hassle-free. I talk to countless small business owners and freelancers who consider themselves too small to worry about incorporation. After all, you don't have mazes of cubicles…you may not even have any employees. However, incorporation can still be a smart idea even for the self-employed graphic designer or wedding planner and in this post we discuss the benefits of incorporating your small business.

2020-12-27T14:48:45-08:00December 27th, 2020|Categories: Startup and Launch|

Maintain Business Compliance to End the Year in Good Standing

For many of you, 2020 can’t end quickly enough. Whether your small business struggled (or is still struggling) through the coronavirus pandemic, you suffered some personal loss, or even if you pivoted and found a silver lining, the beginning of a new year always brings prospects of a fresh start and new opportunities.

However, just to make sure you end the year with all your legal ducks in a row, we’ve put together a year-end compliance checklist to set you off on the right path. And to make compliance as easy as possible, […]

2020-12-27T14:08:18-08:00December 18th, 2020|Categories: Ongoing Management and Protection|

11 Strategies for Growing a Business in 2021

Uncertainty is not unfamiliar territory for business owners. However, this past year has brought a significant amount of it to entrepreneurs everywhere and in nearly all industries. Many companies are facing serious challenges. While survival may be their short-term goal, focusing on paths to growth can help position them for success long-term. Developing sound strategies for growing a business, executing those strategies, and streamlining processes are all part of the equation that makes a tremendous difference, whether in an environment of consistency vs. unpredictability and of abundance vs. scarcity.

Let’s take a look […]

2020-12-15T07:54:51-08:00December 15th, 2020|Categories: Growth and Expansion|

What is Payroll?

Payroll is the term used to refer to the various tasks and responsibilities businesses must perform to pay their employees accurately and on time. It encompasses calculating wages and salaries; preparing checks; withholding taxes and other deductions; reporting and paying taxes to the appropriate federal, state, and local agencies; and more.

Businesses must handle payroll correctly because it impacts their net income and can result in additional fines, fees, and penalties if not managed according to federal, state, and local rules. Because there are legal and financial implications with payroll, it’s wise for […]

2020-12-11T01:56:03-08:00December 7th, 2020|Categories: Ongoing Management and Protection|

Best Business Books of 2020

Abraham Lincoln once said, “My best friend is a person who will give me a book I have not read.” While I cannot give you these books, I can tell you about them. My list of favorite 2020 business books will offer information or inspiration (or both) to help you start or grow smarter and faster.

Building for Everyone: Expand Your Market with Design Practices from Google’s Product Inclusion Team

The premise of this book, written by Annie Jean-Baptiste, the head of product inclusion at Google, is that it is […]

2020-12-03T06:40:12-08:00December 3rd, 2020|Categories: Growth and Expansion|

Filing Annual Meeting Minutes Before Year End

Depending on a business’s entity type and the state it’s registered in, its owners may be required to hold annual meetings and record minutes from those meetings.

Does that requirement apply to your company?

In this article, I’m going to explain what annual meetings and annual meeting minutes are to help you get on the path to determining if you must fulfill those important business compliance tasks. If you’re a professional services provider that coaches or gives direction to business owners, this information may be helpful to your clients, so feel free to share […]

2020-11-30T06:48:25-08:00November 30th, 2020|Categories: Ongoing Management and Protection|
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