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.


How to Hire Your First Employee

Hiring your first employee is exciting. It means your business is growing and you need someone with special skills to help take it further.

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 […]

2019-09-03T05:40:45-08:00August 29th, 2018|Categories: Ongoing Management and Protection|

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 […]

2019-09-03T05:40:45-08:00August 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 […]

2019-10-23T10:00:00-08:00August 2nd, 2018|Categories: Ongoing Management and Protection|Tags: |