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 […]

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 […]

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 […]

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 Corporation, Limited Liability Company, or a partnership, you and your […]

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 […]

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.

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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 […]