Ongoing Management and Protection

//Ongoing Management and Protection

Ongoing Management and Protection

CorpNet’s blog posts offer a wealth of information for navigating through the ongoing management and protection of startup and business operations. Our articles are written by industry experts who have the experience to help you avoid common and unnecessary mistakes.


Seven Steps to Creating a Business Emergency Preparedness Checklist

It’s an understatement to say that 2020 has been a tumultuous year. Nearly every business has felt the pandemic’s economic effects, and many have faced natural disasters (such as hurricanes, tornadoes, and wildfires).

With CorpNet’s location in southern California, I relate first-hand to the challenges that entrepreneurs have faced. Our office had to temporarily close last year because of a wildfire. Then this year, COVID-19 hit, and we again had to shut down work at our business location and pivot to operating remotely. Currently, I, my husband, and our 20+ employees are still […]

2020-09-15T10:57:41-07:00September 15th, 2020|Categories: Ongoing Management and Protection|

Back to School, Back to Your Business

For most of the country, school is back in session or at least just a few weeks away. In some cities, students may be returning to a hybrid model, which is some in-class time combined with online learning. Others may remain completely virtual until 2021. For entrepreneurial parents, that means performing a balancing act of running your own business and making sure sales are on the rebound, while also ensuring your child is engaged online, following new protocols, and keeping up with assignments.

When COVID-19 shut down most schools last March, teachers and […]

2020-09-01T09:36:19-07:00September 1st, 2020|Categories: Ongoing Management and Protection|

Virtual Companies and Nexus: What Small Businesses Need to Know

The coronavirus continues to impact small businesses. Many businesses have chosen to go virtual, either temporarily or on a permanent basis. But that decision can impact the business’s nexus status.

Companies with remote employees in other states may also need to register for foreign qualification, register for payroll taxes in those states, or they may need to start collecting sales tax from places they never have before.

Business Compliance Consequences for Pivoting to a Virtual Company

Many businesses have pivoted to a remote working model to keep employees safe and many may continue to do so […]

2020-08-21T11:26:49-07:00August 21st, 2020|Categories: Ongoing Management and Protection|

A Mid-Year Business Checklist to Get You Back on Track

Tax season is over (for most of us). So, what’s next for business owners and professional advisors with business clients? With so much disruption and distraction this year, you may have fallen behind keeping up with compliance for business licenses, permits, and identification numbers. Here’s a mid-year business checklist to get you back on track.

Federal Tax ID

Getting a Federal Tax ID number (or an Employer Identification Number—EIN) is optional if you’re a sole proprietorship, but if your business acts as a CorporationLimited Liability Company, or a partnership, you and your […]

2020-08-03T09:52:24-07:00August 3rd, 2020|Categories: Ongoing Management and Protection|

What Kinds of Liability Should Accounting Professionals Be Concerned About Right Now?

Minimizing legal risks to your business has always been important. However, with so much uncharted territory and change within the current environment, it has become especially critical to look out for situations that could become problematic liability issues for your firm.

Stephen Covey once said, “If there’s one thing that’s certain in business, it’s uncertainty.”

That has never been more accurate than now. With the coronavirus pandemic persisting, nearly every company in every business sector faces uncertainty. As accounting professionals, these times of uncertainty bring a double dose of challenges your way:

  • Your own […]
2020-07-02T10:03:33-07:00July 2nd, 2020|Categories: Ongoing Management and Protection|Tags: |

Are Your Accounting Clients Worried About a Recession? Why They Need You Now More Than Ever

As far back as October 2019, half of Americans were already concerned a major recession was on the horizon and now that concern has become a reality, according to top economists. According to the National Bureau of Economic Research, the U.S. economy actually stopped growing in February this year, following an economic expansion that lasted more than 10 years. And, it all happened fairly quickly as the COVID-19 pandemic effectively shut down the economy and compounded unemployment.

So, it’s not at all surprising your accounting clients are worried about the recession. It’s up […]

2020-07-02T06:22:40-07:00July 2nd, 2020|Categories: Ongoing Management and Protection|Tags: |

How To Safely Reopen Your Small Business to the Public

As the country makes plans to reopen restaurants, retail, public buildings, and schools, your topmost concern should be the safety and well-being of workers and customers alike. Your reopened business will be scrutinized and the measures you take to reopen safely will go a long way in how your clients and customers feel about supporting your company post-pandemic. The risks are still real so it’s important to be scrupulous in formulating your reopening plan and how you execute it.

Below are a few tips and suggestions to help you safely reopen your small […]

2020-06-15T10:44:37-07:00June 3rd, 2020|Categories: Crisis Management, Ongoing Management and Protection|

Time for a Change? The What and How of Business Entity Conversion

The one constant is change. Forgive the cliché, but I think it’s an appropriate introduction as I address the topic of business entity conversions.

Your clients’ businesses evolve over time — and the business environment in which they operate changes as well, especially at a time like this when the COVID-19 pandemic is having such a far-reaching impact on businesses of all kinds. As a result, the business structure they chose as a startup may no longer be the most advantageous one for their current situation. What happens at that crossroads? It might […]

2020-06-01T06:49:42-07:00June 1st, 2020|Categories: Ongoing Management and Protection|

How to Move A Business To Another State

When you move from one house to another, you likely have a checklist of things you need to take care of in the process…changing your mailing address, calling your cable TV provider, contacting your internet company. But when moving your business to another state, many business owners don’t know where to begin.

There are many reasons to consider moving your business to another state. For example:

  • Your target market has changed—economically and/or demographically.
  • The cost of real estate (including property taxes) has risen so much your business is at risk of going under.
  • […]

2020-05-26T09:43:58-07:00May 26th, 2020|Categories: Ongoing Management and Protection|

What Does It Mean to Have Multiple Trademark Owners?

One of the many risks business owners face is one that rarely comes to mind—but could put your business in a dangerous position. We’re talking about trademark protection for your intellectual property. A trademark is a word, phrase, name, or symbol that identifies the source of a product or service and distinguishes it from competitors. You can trademark your company name, product names, logos, and taglines.

Running a Business Without Trademark Protection

Without the protection of a federally registered trademark:

  • Your company or product name could be stolen. Without trademark ownership, it’s easier for […]
2020-05-18T07:08:07-07:00May 18th, 2020|Categories: Ongoing Management and Protection|
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