The Launch Blog: Expert Advice from the CorpNet Team
Ready to Incorporate? Why Delaware or Nevada May Not be the Answer!
Nevada and Delaware are popular states for good reason. Many larger corporations choose Delaware because it offers some of the most developed, flexible, and pro-business statutes in the country. And Nevada is increasingly becoming a popular choice for businesses due to its low filing fees, as well as the lack of state corporate income, franchise, and personal income taxes. However, most small businesses never see the benefits from incorporating in these states, and end up with a lot more headaches and costs than they ever anticipated. As a general rule of thumb, I like to say that if a small corporation or LLC has less than 5 shareholders or members, it is best to incorporate in the state where the business has a physical presence.
LLC vs. PLLC: Which Structure is Right for Your Business?
Choosing the appropriate business structure for your company is complicated. For attorneys, physicians, accountants, architects, and some other licensed professionals, there are extra factors to consider. Professionals who want liability protection and flexibility may feel drawn to the Limited Liability Company (LLC) structure. However, in many states, professionals whose jobs require licensing by the state aren’t legally allowed to form an LLC. Instead, they may have to form a Professional Limited Liability Company (PLLC). In this article, we’ll consider the LLC vs. PLLC, looking at the...
Where to Start Your Business? Look at the Fastest Growing Economies
When it comes to determining where you want to start a business, you want to choose a city that has a thriving economy and plenty of potential for you to corner the market in your industry. If you’re not planning to open a business in the town you live in, consider one of these, from WalletHub’s 2015’s Cities with the Fastest Growing Economies list. (And if you’ve already started your business, see how your city stacks up).
5 Small Biz Excuses That Shouldn’t Follow You into the New Year
Do you ever find yourself blaming everyone around you when things don’t go the way you want in your business? Maybe it’s “the economy” that kept you from hitting your sales numbers this year. Or your lack of employees that had you in the weeds all year. Whatever your favorite excuse, put the the kibosh on it in 2015.
If any of these sound familiar, make a New Year’s resolution to strike them from your vocabulary.
Coronavirus Relief & Aid for Small Businesses
During this uncertain time, I know many small business owners and entrepreneurs are feeling overwhelmed and stressed by the unknown. Not only do entrepreneurs worry about how the COVID-19 situation will hurt their businesses, but they also feel concerned about their employees. Indeed, the coronavirus has turned our world upside down. Fortunately, federal, state, and local governments are stepping up to the plate to create ways to provide Coronavirus relief and aid to businesses and the people who work for them. In this article, I will share some of the currently available information...
Three Tips for Business Coaches to Help Their Clients Succeed in 2019
How can you help your coaching clients achieve entrepreneurial success? These tips for business coaches will help you help your clients succeed.
Is Your Business Structure Really Working for Your Business?
There may come a day when, after everything in your small business has been chugging right along for a while, that you start to wonder if the business structure you first chose is still a good fit.
Dawson and Associates Has a “Great Marriage” with CorpNet
Linda Dawson, owner and CPA at Dawson and Associates, works closely with CorpNet to help startup clients get up and running. She says CorpNet and her company have "a great marriage" in that they both work together to help small business owners start a business. In this video, Linda talks about why starting a business isn't always as scary as you may think, and shares why she loves our CorpNet Compliance Portal. Linda appreciates that CorpNet is there for her business, to assist her when clients need to incorporate a business or form a new LLC. She says that CorpNet always has solid...
