The Launch Blog: Expert Advice from the CorpNet Team

Do Amazon Sellers Need an LLC?

Amazon sellers, like other entrepreneurs that sell products online, should think about how their business structure affects them professionally and personally. The business entity type chosen has an impact on income tax obligations, ongoing business compliance requirements, and the financial and legal liability of the business owner. So, you’re asking a valid question if you’re wondering “Do Amazon Sellers Need an LLC?” While it doesn’t appear that Amazon requires sellers to form their businesses as any particular business entity type, it’s wise to consider the potential advantages of operating as something more than a [...]

July 11th, 2018|Categories: Startup and Launch|

How to Become a Virtual Bookkeeper

Coming from the corporate world, leasing office space seemed like the obvious choice when I started my own company. But after 18 months of commuting to an office and paying rent and other overhead expenses, my two partners and I realized the cost—and time—savings of transforming into a virtual business. Luckily, we all had space to work from our homes, and with the right equipment, we made the transition to being a virtual business without a hitch. If you’re just starting out or, like us, tired of paying for office space, there is another [...]

July 10th, 2018|Categories: Startup and Launch|Tags: |

Five Side Hustle Options for Single Moms

Throughout my career, I’ve managed all kinds of people with all kinds of living situations. Out of all my employees, I’d have to say single moms are among the hardest working and most dedicated — no matter what life challenges are thrown at them. Making enough money to support yourself and your children as a single mom while still handling all of the childcare duties yourself is one of life’s biggest challenges. For some single moms, the traditional 9-to-5 job may not fit their schedule (nor sufficiently pay their bills). One way around this: [...]

July 3rd, 2018|Categories: Startup and Launch|

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 freedom [...]

July 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 [...]

June 27th, 2018|Categories: Ongoing Management and Protection|

Don’t Let Poor Accounting Firm Management Stifle Your Growth

What barriers to business growth is your accounting firm facing? Although the answers to that question might vary from industry to industry, I’m sure most boil down to similar sentiments. I know in my business, bandwidth can be a barrier to growth—but not bandwidth in the technical sense. Instead, we’re sometimes limited by our own bandwidth and how much our team can accomplish with the time and resources we have. Sometimes we manage our bandwidth well, and sometimes we don’t. There were times we tried to take on a task we should have outsourced, [...]

June 26th, 2018|Categories: Growth and Expansion|Tags: |

Automate Your Sales: 5 Chatbots With the Best ROI for Small Businesses

The growth of artificial intelligence is not rendering the customer service industry obsolete—not right now anyway—but this modern technology is changing how businesses engage and interact with their customer base. Major corporations like Marriott, Sephora, Amazon, Google, Netflix, and Facebook have launched AI interface platforms to automate their client communication, and now small businesses are recognizing the benefits of this trend as well. When it comes to an organization’s customer relationship management strategy, the use of AI chatbots has specifically become a game-changer. From answering customer questions and troubleshooting their concerns, to producing new [...]

June 21st, 2018|Categories: Growth and Expansion|Tags: |

The Top 10 Guest Blogging Mistakes

Guest blogging is a tried-and-true strategy to help build backlinks and drive traffic to your website. It seems like everyone is trying to guest blog. And, if you haven’t noticed, it’s getting increasingly difficult to find a host for your guest blog. The reason for this is that website owners and bloggers are becoming overwhelmed with poorly-written requests. You’ll find greater success in placing your posts by avoiding these guest blogging mistakes. Mistake One: Not Researching the Host’s Website The old saying goes that you need to crawl before you can walk. The same [...]

June 19th, 2018|Categories: Growth and Expansion|

Your e-Commerce Brand is Yearning for Influencer Marketing

The race of social media marketing is on and the competition is running rampant. Facebook takes the center stage with almost 2B accounts, while YouTube contends as the runner-up, having amassed a total of 1.5B accounts. Apparently, recent statistics reveal that Instagram has more than 800 million accounts under its belt, which makes it the third most recognized social media platform across the Internet. Influential marketing is also a buzzword trending on the horizon. It has engulfed a better part of the society in its folds. Who would’ve thought that social media can be [...]

June 14th, 2018|Categories: Growth and Expansion|Tags: |

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 a [...]

June 13th, 2018|Categories: Ongoing Management and Protection|

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") [...]

June 7th, 2018|Categories: Ongoing Management and Protection|

Accounting Franchises: Are They Really Worth the Money?

Traditionally, when you think about starting an accounting business, you envision building the business from scratch and all that entails—doing market research, financing your startup, differentiating your business in the marketplace, etc. But there’s another option you may not have considered: buying a proven concept of accounting franchises. There are a number of accounting franchises available, some of which you may have heard of and some you likely haven’t. The decision to start an accounting business on your own or with the support of a franchise system depends on what kind of operation and [...]

June 5th, 2018|Categories: Seed and Development|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. However, [...]

May 31st, 2018|Categories: Ongoing Management and Protection|

LLC vs. PLLC: Which Structure is Right for Your Business?

Choosing the appropriate form of business for your company is complicated—and if you are an attorney, physician, accountant, architect or other licensed professional, there are some extra factors to consider. As a professional, you may want to opt for the liability protection and flexibility that a limited liability company (LLC) offers, as opposed to forming a corporation or partnership. But in many states, professionals whose jobs require licensing by the state aren’t legally allowed to form an LLC. Instead, they must form a professional limited liability company (PLLC). In this article, we’ll look at [...]

May 29th, 2018|Categories: Startup and Launch|

How to Apply for an EIN

One of the essential steps new business owners must take when launching their companies is to apply for an EIN. An Employee Identification Number (also known as a "Federal Tax ID Number" or "Tax ID Number") is a nine-digit number assigned to a business for filing taxes, submitting reports to the state, applying for business licenses and permits, and completing other documentation. Similar to how a social security number serves as identification for an individual, an EIN serves to identify a business. The IRS issues EINs at no charge. EIN Eligibility Requirements The IRS [...]

May 24th, 2018|Categories: Startup and Launch|Tags: , |
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