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.


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+01:00August 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+01:00August 22nd, 2018|Categories: Ongoing Management and Protection|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+01:00August 2nd, 2018|Categories: Ongoing Management and Protection|Tags: , , , , , |

Do I Need a Business License to Sell on Amazon?

Entrepreneurs who want to sell their products through Amazon’s marketplace face many of the same opportunities and challenges as brick-and-mortar stores. Naturally, they have a lot of questions about launching and running an online business. It’s exciting to think of the possibilities but often daunting to figure out where to start, what to do, and where to turn for help and direction.

One of the things these business owners want to know is, “Do I need a business license to sell on Amazon?”

Regardless of whether an Amazon seller has formed an LLC […]

2019-09-03T05:40:48+01:00July 26th, 2018|Categories: Ongoing Management and Protection|Tags: , , |

Four Small Business Freedoms That Make Every Day Like Independence Day

Picnics, fireworks, sparklers, and red, white, and blue-themed decorations every Fourth of July. Many of us pull out all the stops to celebrate the freedoms we enjoy here in the U.S.A — and rightly so! We have a lot to be thankful for.

As my family celebrates this holiday, I thought about how fortunate we are to be small business owners. In a way, every day is Independence Day for entrepreneurs who have taken charge of their own destinies. So what better time than this week to take pause to reflect on your […]

2019-09-03T05:40:50+01:00July 2nd, 2018|Categories: Ongoing Management and Protection|

Trademark vs. Service Mark

Trademark vs. service mark? What’s the difference? Both are issued by the United States Patent and Trademark Office to distinguish a brand’s products and services from those of other businesses. Trademarks distinguish a company’s products, whereas a service mark relates to the services a company provides. Both fall under the category of intellectual property.

Why Apply for a Trademark or Service Mark?

When you’re building a brand, it’s important to differentiate yourself from your competition. Moreover, the last thing you want is for another company to hijack your company name or logo and confuse […]

2019-09-03T05:40:50+01:00June 27th, 2018|Categories: Ongoing Management and Protection|

10 Ways to Take Care of Your Kids and Your Business This Summer

School’s out! Chances are your kids are celebrating right now because weeks of summer vacation beckon. But, if you’re starting a business or running a business, and you have school-aged children, you’re likely feeling a little conflicted.

Entrepreneurs like you and me struggle a bit in the summer—trying to balance our desire to be great business owners—and great parents.

While I love (and truthfully look forward to) having my kids at home during the summer months, I confess it’s getting increasingly harder to keep them occupied while I’m hard at work.

I know this is […]

2019-09-03T05:40:52+01:00June 13th, 2018|Categories: Ongoing Management and Protection|

Fictitious Name Registration: Know What It Is and Why You Need One

Why You Might Need to Process a Fictitious Name Registration

As a small business owner, it’s important to able to pivot quickly if the marketplace isn’t buying what you sell. That was a lesson I learned immediately after I started my business in 2008. Initially, our business planned to connect small and midsized business owners with companies that wanted to market to them. But did I mention it was 2008? As the economy crashed, big companies cut their budgets and the costly services we’d planned to sell were a no go. We had to […]

2019-09-03T05:40:52+01:00June 12th, 2018|Categories: Ongoing Management and Protection|Tags: , |

What an LLC Statement of Information Is and Why You Need One

What is an LLC Statement of Information?

No matter which state your Limited Liability Company is located in, you will need to file documentation with the Secretary of State to establish your company and keep it legally compliant. A Statement of Information is one of the standard reporting requirements that many LLCs across the United States must adhere to.

A state may require a Statement of Information as an “Initial Report,” due shortly after registering a business. Moreover, many states mandate LLCs to submit a Statement of Information (also sometimes called an “Annual Report”) […]

2019-09-03T05:40:53+01:00June 7th, 2018|Categories: Ongoing Management and Protection|Tags: |

Protecting Your Business from Personal Injury Claims

Whether you are running a two-man grocery shop or a fifty strong supermarket, small businesses can readily become a victim of personal injury claims. Very few personal injury claims are legitimate. Most are born out of greed. As a result, workers or customers may sue a business for millions, even if the case is trivial.

Unfortunately, a personal injury claim not only makes your business suffer financially but also ruins your reputation resulting in long-term consequences. Though a personal injury claim can threaten your business, there are ways to prevent it from happening. […]

2019-09-03T05:40:53+01:00May 31st, 2018|Categories: Ongoing Management and Protection|