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 Loan Forgiveness Works for the PPP and the EIDL Loan Programs

Now that we are in full swing of the coronavirus pandemic, small businesses across the country are trying to make sense of the CARES Act and how the relief funding can help keep their businesses afloat. One area of confusion seems to be how a business receiving funds from the Paycheck Protection Program (PPP) and/or the Economic Injury Disaster Program Loan (EIDL) will have their loans forgiven. To date, details and information appear to change daily.

According to the Small Business Administration (SBA), there will be additional guidance on […]

2020-06-15T10:44:39-07:00April 20th, 2020|Categories: Crisis Management, Ongoing Management and Protection|

COVID-19 Relief Funding Alternatives

As of April 16, 2020, the SBA announced all appropriations for the Paycheck Protection Program and the Economic Injury Disaster Loan were exhausted. Small business owners are now in need of COVID-19 relief funding alternatives.

Below is a list of some COVID-19 funding options that are still available.

SBA Express Bridge Loans (EBL)

Eligibility: Small businesses that currently have a business relationship with an SBA Express Lender.

Loan Amount: Up to $25,000.

Purpose: Support for small businesses experiencing a temporary loss of revenue due to the coronavirus pandemic. The SBA Express Bridge Loans […]

2020-06-15T10:44:37-07:00April 20th, 2020|Categories: Crisis Management, Ongoing Management and Protection|

Business Entity Types 101: Is It Time for a Change?

A lot is riding on the business entity type you choose. The business structure you decide on affects your legal liability as an owner, tax obligations, growth potential, and the compliance requirements you’ll need to satisfy on an ongoing basis. To make matters more complex, the entity type that’s right at the beginning of a business’s existence may not continue to be the ideal choice as the company grows and evolves.

So, what’s an entrepreneur to do? First and foremost, I encourage business owners to consult with a licensed attorney and accountant or […]

2020-04-16T12:23:21-07:00April 16th, 2020|Categories: Ongoing Management and Protection|

What Government Loan Program Should You Apply For?

Can’t decide whether you should apply for the Paycheck Protection Program (PPP) loan from the SBA or the Economic Injury Disaster Loan (EIDL) from the U.S. Treasury? Truth be told, many of your fellow small business owners have already turned in their applications for one or both and some are starting to receive their funding. If you’re still trying to sort out the differences or seeing if some of the confusion gets resolved, maybe we can help. Here’s what we know.

Paycheck Protection Program (PPP)

PPP Loan Logo

2020-06-15T10:44:39-07:00April 16th, 2020|Categories: Crisis Management, Ongoing Management and Protection|

Adapting Your Business to Remote Activities and Shifting Business Hours

Who would have imagined we would be in the situation we’re facing today? The coronavirus pandemic has turned our world upside down and created an entirely new definition of “business as usual.” Many entrepreneurs, including me, have had to shift their business hours and adapt their companies to working remotely.

For business owners not accustomed to handling customers and staff virtually, this pivot to remote work may be especially challenging. Let’s explore some ways you can help ensure working remotely will work for your business.

5 Tips for Running Your Business in Chaotic Times

1. […]

2020-06-15T10:44:39-07:00April 16th, 2020|Categories: Crisis Management, Ongoing Management and Protection|

How to Calculate Your Payroll Protection Program Loan Amount

To help small businesses keep their business going and their staff employed, the federal government passed the CARES Act, which is administered by the Small Business Administration (SBA).  One of the most useful parts of the CARES Act is the Paycheck Protection Program (PPP) loan, which encourages small business owners to keep their employees on the payroll.

Under the program, the loans will be forgiven if the business only uses the money for payroll, rent, mortgage interest and utilities. Businesses must keep paying their employees for eight weeks.

The PPP loans are 2.5 times […]

2020-06-15T10:44:39-07:00April 14th, 2020|Categories: Crisis Management, Ongoing Management and Protection|

Florida Annual Report Deadline Extended Due to Coronavirus

Normally, at this time of year, you might find yourself scrambling to file your Florida annual report by the May 1st deadline. A business’s annual report confirms or updates a company’s information in the Florida Division of Corporations’ records. The State requires that business entities file an annual report each year to maintain an “active status” with the Department of State.

Corporations (for-profit and non-profit), limited liability companies (LLCs), limited partnerships (LPs), and limited liability partnerships (LLPs) must file an annual report. The requirement applies to both domestic entities (companies registered in the […]

2020-04-14T06:57:11-07:00April 14th, 2020|Categories: Ongoing Management and Protection|

Coronavirus Relief & Aid for Small Businesses

During this uncertain time, I know many small business owners and entrepreneurs are feeling overwhelmed and stressed by the unknown. Not only do entrepreneurs worry about how the COVID-19 situation will hurt their businesses, but they also feel concerned about their employees. Indeed, the coronavirus has turned our world upside down.

Fortunately, federal, state, and local governments are stepping up to the plate to create ways to provide Coronavirus relief and aid to businesses and the people who work for them.

In this article, I will share some of the currently available information about […]

2020-06-15T10:44:40-07:00April 6th, 2020|Categories: Crisis Management, Ongoing Management and Protection|

How the COVID-19 and the CARES Act Affects Your Small Business and Employees

As the coronavirus continues to disrupt every part of our daily business operations, keeping your business running and employees safe means dealing with scenarios you’ve most likely never come up against before. At this writing, not all states have instituted “stay-at-home” policies. But things are changing rapidly, so be sure to follow the news from your state government and follow their instructions.

If your business is still open, however, what can you do when an employee won’t work without a mask or refuses to come to work for fear of infection? Do you […]

2020-06-15T10:44:37-07:00April 1st, 2020|Categories: Crisis Management, Ongoing Management and Protection|

What Employers Need to Know About Sick Leave During the Coronavirus Crisis

Employers across the nation are feeling the pressure to keep their businesses up and running and profitable during the current COVID-19 pandemic. Whether you’re concerned about hunting down alternate suppliers or keeping employees and customers safe from contamination, there’s a lot on business owners’ plates at the moment. We know staying on top of the information about the pandemic is important to your business, so here’s the latest on sick leave policies during the coronavirus crisis.

Before COVID-19

State by state the country is grappling with trying to stop the spread of the coronavirus […]

2020-06-15T10:44:40-07:00April 1st, 2020|Categories: Crisis Management, Ongoing Management and Protection|
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