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 Start an Amazon Business

Entrepreneurs and startups have recently become very unclear about how to start an Amazon business because the responsibility of online sellers to collect and remit sales tax has been an issue under debate for quite some time.

Entrepreneurs who have brick-and-mortar stores in jurisdictions that have enacted sales tax clearly must add state (and sometimes local) sales tax to customer’s bills when selling taxable goods. And then send they must send those funds to the proper tax authorities.

But what if you sell your products online to customers in other states? The rules haven’t […]

Start a Business Checklist for a Home Based Business

Knowing your how to start a business checklist for a home based business may sound simple to most people. With no need to rent or buy office space and worry about setting up workstations for employees, how tough can it be, right?

Well, although setting up shop at home offers some degree of simplicity, business owners who work out of their homes still face some of the same legal considerations companies with dedicated places of business do on how to start a business from home.

If you’re contemplating about launching a business and how […]

2019-09-03T05:40:43-07:00November 27th, 2018|Categories: Startup and Launch|Tags: , , , , , |

How to Incorporate a Nonprofit Organization Checklist

Some aspects of starting a nonprofit are similar to starting a for-profit business, but nuances exist. How to Incorporate a Nonprofit Organization can be confusing and complicated and it can be helpful to have a checklist of what you should address to incorporate a business as a Nonprofit Organization. Before I go any further, let’s first chat about what being a nonprofit business means.

The information that I’m about to provide you in this article on How to Incorporate a Nonprofit Organization is not intended as legal, tax, or financial advice. It’s […]

2019-09-03T05:40:43-07:00November 20th, 2018|Categories: Startup and Launch|Tags: , , , |

Should I Incorporate or Form an LLC for my MLM Business?

Do You Need to an MLM LLC for Your Network Marketing Business?

MLM entrepreneurs are considered independent contractors. By default, they’re sole proprietors, but forming a legal business entity offers potential liability protection and tax benefits.

Also sometimes called “network marketing” companies, MLMs offer income opportunities to folks who want to set their own schedule and work at their own pace—without having to build a business from the ground up. Many people who want the flexibility of being their own boss have chosen careers in working as agents for multi-level marketing (MLM) companies, so […]

2019-09-03T05:40:44-07:00October 23rd, 2018|Categories: Startup and Launch|Tags: |

Sole Proprietor vs. LLC

If you’re the sole owner of a business, you may have pondered the question: “Should I operate as a sole proprietor or a single member LLC?”

Decisions, decisions! So what else is new when running a business, right?

There are always choices to make—and deciding which business entity type will be right for your company is one not to be made lightly.

The type of business structure you choose will have legal and financial implications. It will also affect the time you spend on efforts to keep your business compliant with whatever rules must be […]

2019-09-03T05:40:45-07:00October 2nd, 2018|Categories: Startup and Launch|Tags: , |

Do You Need a Corporate Veil?

What Is the “Corporate Veil”?

When a company is formed as a Limited Liability Company (LLC) or corporation, it is regarded as its own legal entity. Therefore, the business—rather than its owners—is held accountable for its debts and legal responsibilities.

“Corporate veil” (also called a “corporate shield”) is a business term that refers to the legal distinction between an LLC or corporation and its owner(s). It is the legal separation established by keeping a company’s activities, assets. and liabilities independent from those of the business owner(s).

Is it Necessary?

The corporate veil, when kept intact, helps […]

2019-09-03T05:40:45-07:00August 29th, 2018|Categories: Ongoing Management and Protection|Tags: |

What Is a Reseller License?

If you’re starting a retail business (whether online or at a brick and mortar location), you’ll want to apply for a reseller license. A reseller license certifies you don’t have to pay sales tax when buying products on a wholesale basis for the purpose of reselling them to customers.

In some states, a reseller license might alternately be called a reseller permit, resale license, resale certificate, sales tax permit, or some other term. Regardless of its name, its purpose is to identify your company as a reseller.

Reseller License and Sales Tax

In the United […]

2019-09-03T05:40:45-07:00August 22nd, 2018|Categories: Ongoing Management and Protection|Tags: |

Do Uber Drivers Need an LLC?

Uber drivers, even those doing rideshare driving as a side-gig, are considered to be earning income through self-employment. Just like other self-employed independent contractors, they face some critical startup decisions—including what business entity type to choose for their business.

Should Uber Drivers Form an LLC?

After signing the Uber contract to designate themselves as a self-employed private contractor, Uber drivers face the decision of what type of business structure they should operate under.

They shouldn’t take this lightly, because the business structure chosen will affect their tax obligations and degree of personal liability.

When Uber drivers […]

2019-09-03T05:40:46-07:00August 7th, 2018|Categories: Startup and Launch|Tags: , |

What Is the LLC Tax Rate?

Before forming an LLC, many entrepreneurs ask about the standard LLC tax rate to see if this form of entity is a solid option for their new business. This is an excellent question and one that can be best answered by exploring what an LLC is and how it is taxed.

The LLC (limited liability company) business entity type is one of the most popular selected by small business owners. It shields the owner’s personal assets from the liabilities of the business and may result in some tax savings to boot. The LLC […]

2019-09-03T05:40:47-07:00August 2nd, 2018|Categories: Ongoing Management and Protection|Tags: , , , , , |