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Phil Akalp

About Phil Akalp

Phil Akalp runs CorpNet.com with his wife Nellie. A web marketer at heart, Phil has become a “Do-it-yourself through automation” evangelist. He is a pioneer of online legal self help, with an unrivaled passion for providing small business owners with legal assistance they can afford. Phil’s last document filing business was acquired by Intuit.

Paycheck Protection Program Loan Checklist

The SBA’s Paycheck Protection Program is an amazing opportunity for small businesses. It provides a 100% forgivable loan to cover payroll, rent, and utilities. The United States government has moved swiftly to get this program funded and operational. And in some cases, a little too quick for the average business owner to keep up with.

Small business is the core of CorpNet and our service offering. We’d like to make sure we do everything we can to help business owners obtain PPP loan funds. To do this, we need to make sure you […]

2020-04-22T12:31:54-07:00April 16th, 2020|Categories: Ongoing Management and Protection|

Don’t Lock Your Credit if You’re Applying for a CARES Act Loan

I’d like to do a very quick public service announcement to alert you of something that can turn into a pretty big mistake. Things are moving so quickly with the CARES Act and Coronavirus relief that I almost didn’t catch it myself.

If you’ve locked your credit profile at Experian, Equifax, TransUnion, or another credit reporting agency, you could be in for an unpleasant surprise.

By locking your credit profile you are prohibiting banks from doing the due diligence related to the Payroll Protection Program loan or other funding options provided under Coronavirus relief […]

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

SBA Paycheck Protection Program: Loan FAQs for Small Business

What is the Paycheck Protection Program?

The Paycheck Protection Program (also referred to as PPP) is a loan that provides an incentive for small businesses to keep their workers on the payroll. It’s designed to help small businesses as they react to COVID-19 and manage the fallout from the Coronavirus crisis.

How Much Can I Borrow?

The SBA’s PPP loan amount can be for a maximum of two months of your average monthly payroll costs from the previous year plus an additional 25% of that amount. The loan amount is capped at $10 million.

How Much […]

2020-06-15T10:44:40-07:00April 3rd, 2020|Categories: Crisis Management, Ongoing Management and Protection|

Back to School and Back to Business: Legal Checklist for Entrepreneurs

This time of year is a rite of passage for any student and parent, but it also signals that we’ve entered the home stretch of the year. We want to make sure that small businesses end the year with success! That’s why we put together a back-to-school legal checklist for entrepreneurs. Instead of hitting the books this fall, small business owners should take the time to make sure their legal and administrative obligations are in order.

The Legal Checklist for Entrepreneurs

1. Incorporate or Change your Business Structure

Many small businesses start out as a […]

2019-09-03T05:41:48-07:00August 23rd, 2017|Categories: Ongoing Management and Protection|Tags: , |

Leveraging the Profit Centers in Your Business (and Junking the Rest)

Give some thought to your small business for just a moment. You probably offer several different products or services. Which bring you the most money? Which hardly bring any new business at all? By focusing on the profit centers in your business, you can boost sales and become known for doing one or two things really well. Anything else, you don’t need. Here’s how to cut the crap.

2019-09-03T05:44:11-07:00September 9th, 2015|Categories: Growth and Expansion|

4 Tech Trends That Will Affect Your Small Business

I’m a big fan of technology that makes my work running CorpNet with my wife, Nellie, easier. Whenever there’s a new tool or app, I jump on it to see if I can incorporate it in my workflow. Some I’ve adopted, while others, not so much. Here are 4 tech trends I think will make my (and your) work a lot easier in the not-too-distant future.

2019-09-03T05:45:24-07:00June 18th, 2015|Categories: Ongoing Management and Protection|Tags: |

5 Tips to Smarter and More Efficient Business Meetings

Nobody likes business meetings. So why do we have so many? Unfortunately, they’re a necessary evil when it comes to running a business. Having led my fair share of meetings at CorpNet, believe me: I hate it as much as my employees when I see them glaze over and stop listening to what I think is essential material. So I’ve devised my own strategies for waking them up and making the meetings more productive.

2019-12-09T08:08:27-08:00May 15th, 2015|Categories: Ongoing Management and Protection|
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