When it comes to filing your small business taxes, it can seem overly complex. After all, what qualifies as a deduction? Are you filing as the proper status?
Don’t let tax season overwhelm you. Believe it or not, the IRS isn’t out to get you, but they do want you to play by the rules. These tips will help you alleviate the stress you feel this time of year and help you maximize your refund.
It’s a classic scenario: you arrive at a networking event armed with business cards and ready to make connections. But once you get there, you can’t seem to pull yourself away from the wall and mingle with everyone who acts more confident than you feel. Get to Know...
People are drawn to the entrepreneurial lifestyle for a variety of reasons. Some dislike having a boss or dealing with office politics. Others are tired of the cubicle monotony or feel like they can do it better on their own. And most entrepreneurs are driven by a passion for what they do and a desire to carve out their own future.
Yet too often, that initial passion is dampened by the realities of running the show. Working for yourself or starting a business is difficult work. There’s no guidebook or map to show you the way. You might encounter a few bad customers, people who don’t pay their bills, competitors who undercut you, and business partners who don’t treat you fairly. With too much work, entrepreneurs can become tense, anxious, and unhappy.
Linda Dawson, owner and CPA at Dawson and Associates, works closely with CorpNet to help startup clients get up and running. She says CorpNet and her company have "a great marriage" in that they both work together to help small business owners start a business. In...
The end of tax time is a perfect time to reassess what’s next for your business and legal structure. Here are some things to consider.
If you're looking to start a cleaning business, there's plenty of opportunities to go around. In fact, the role of professional cleaning specialist is slated to be the fastest growing occupation for the next ten years. Whether you plan to buy an existing franchise...
So you've decided to start a business in construction. Congrats! Despite the ebbs and flows of the real estate industry, there will always be work for you. While you may have the basics of your business, such as who to hire and what to call your company, here are...
CorpNet has helped hundreds of thousands of entrepreneurs start a business by forming an S Corporation, LLC, or other business structure. Deciding to incorporate a company can be complicated. If you’re trying to choose between forming an LLC or incorporating as an...
CorpNet has a talented team of dedicated people who help our customers start a business, incorporate a company and manage business filings every day. One of our team members is Milton Turcios, who works in Document Fulfillment and Customer Service. Milton, like CorpNet CEO Nellie Akalp, is the child of immigrants, and he was the first child in his family to be born in the United States. In addition to his full-time job at CorpNet, Milton is currently attending Cal-State University Northridge (CSUN), majoring in Cinema and Television Arts with a focus in TV Production.
One of the things I love most about being a small business owner is the relationships I get to create over time with our small business employees. I love working with all of our CorpNet staff, but one of them has been with us longer than any of the others – she’s...
The state of California recently passed new legislation making it possible for Limited Liability Companies (LLCs) to be licensed contractors in California. This is big news, as it makes it possible for more companies to do business in California as LLCs. However, there are a few requirements that your company needs to keep in mind to avoid delays and errors in getting your LLC approved for a California contractor license which is highlighted in this post.
Nevada and Delaware are popular states for good reason. Many larger corporations choose Delaware because it offers some of the most developed, flexible, and pro-business statutes in the country. And Nevada is increasingly becoming a popular choice for businesses due to its low filing fees, as well as the lack of state corporate income, franchise, and personal income taxes. However, most small businesses never see the benefits from incorporating in these states, and end up with a lot more headaches and costs than they ever anticipated. As a general rule of thumb, I like to say that if a small corporation or LLC has less than 5 shareholders or members, it is best to incorporate in the state where the business has a physical presence.
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