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.

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|

What Is a Fictitious Name?

What Is a fictitious name? A fictitious name is a name other than your proper legal business entity name that you formally get permission from the state (or county) to use when conducting business. You may also see a fictitious business name referred to as:

Throughout this post, I will use the terms “fictitious name” and “DBA” interchangeably. At CorpNet, we help business owners throughout the United States file DBAs. Fictitious names can benefit businesses of all types—from sole proprietorships to LLCs to corporations.

At […]

2019-11-09T10:25:10-08:00September 22nd, 2019|Categories: Ongoing Management and Protection|

What Is a Letter of Good Standing?

Professionals like you, who help entrepreneurs navigate the challenges of starting and growing their businesses, will likely encounter clients asking about a “Letter of Good Standing.” Let’s take a moment to talk about what a Letter of Good Standing is and why maintaining a status of good standing is so important.

What Does a Letter of Good Standing Mean?

A Letter of Good Standing refers to a certificate issued by a state’s Secretary of State office (or comparable agency). It verifies that a registered business (e.g., an LLC or corporation) has complied with […]

2019-09-17T13:47:03-08:00September 18th, 2019|Categories: Ongoing Management and Protection|

Advising Clients About Business Structures

With all the decisions your clients are expected to make when starting a business, which legal structure to choose might not get as much consideration as it should. Most business owners choose to form a sole proprietorship in the beginning, since it’s less paperwork and less costly; many switch entities as their business grows to benefit from the protections provided by a Limited Liability Company (LLC) or C Corporation. But an LLC or C Corp can also choose to elect S Corp status. If your clients come to you with questions about […]

2019-09-17T13:52:55-08:00September 17th, 2019|Categories: Startup and Launch|

How to Legally Start an eCommerce Business

If you have been considering starting an eCommerce business, you’re exploring an industry with a promising outlook. According to Statista, the number of online shoppers in the United States is expected to reach 230.5 million in 2021.1 However, like starting any business successfully, discovering how to start an eCommerce business requires research, planning, and hard work.

Wondering where to begin when starting an eCommerce business? CorpNet is here to help! Let’s explore some of the primary considerations you’ll need to think about and then walk through the general legal steps for how to […]

2019-09-16T17:30:36-08:00September 16th, 2019|Categories: Startup and Launch|