The Launch Blog: Expert Advice from the CorpNet Team

What are Articles of Incorporation?

If you’ve decided to establish your business as a corporation, you’ll need to fulfill your state’s requirements for registering your company. Among those requirements is filing an “articles of incorporation” (sometimes called “certificate of incorporation”) with the state government. Articles of incorporation is a legal document containing important information about the company, and it must be approved by the Secretary of State office. Why Articles of Incorporation are Important Filing Articles of incorporation registers the company as a corporation (C Corporation) with the state. It makes the business a separate legal and tax-paying entity [...]

November 9th, 2020|Categories: Startup and Launch|

What Comes After Incorporation? 12 Steps to Keep You On Track

Congratulations! You have officially registered your Limited Liability Company or Corporation with the state. But now what? What happens next? While forming an LLC or Corporation is a critical first step to operating a formal business entity, there's more work to do to keep it legitimate and in compliance. The tasks and filings vary depending on a company's growth objectives, type of business activities, and location. In this article, I talk about what comes after incorporation and I'll share some of the obligations that entrepreneurs must fulfill. However, keep in mind that your particular [...]

November 2nd, 2020|Categories: Startup and Launch|

5 Tips for Getting a Small Business Loan

Whether you’re looking for startup funding or money to take your business to new heights, you’ll need to explore your options for getting a small business loan at some point in the life of your small business. Some entrepreneurs prefer to use funds from personal savings, family, friends, and even credit card advances. However, most small business owners would rather establish a good relationship with a lender and secure a small business loan to meet their financial needs. Here are five tips to help you find a small business loan. 1. Know Your Credit [...]

November 2nd, 2020|Categories: Growth and Expansion|

How Do I Maintain a Business?

After a business is up and running, it's critical to maintain it by fulfilling all of the required business compliance tasks on time. Of course, businesses grow and evolve over time, and therefore, the actions they must take to maintain a business entity also may change. Fortunately, CorpNet is here to help you learn how to manage your business effectively every step of the way. Changes That Require Business Filings What are some of the business considerations entrepreneurs should keep in mind? Below, I’ve listed several situations where changes in a business will involve [...]

November 2nd, 2020|Categories: Ongoing Management and Protection|

Don’t Be Spooked by Your Annual Business Review!

For many small business owners, 2020 was anything but typical. This year (more than ever), we wanted to remind you of the positive changes that conducting an annual business review can bring to your company. What is an annual business review? You might think this is the annual report corporations and limited liability companies (LLC) must file each year with the state. In truth, that is one part of the annual review process, the annual compliance filings, however, there is more to consider when reviewing your business. The following are 10 areas of your [...]

October 20th, 2020|Categories: Ongoing Management and Protection|

Business Closures, Dissolutions, and Withdrawals

It has been a rough year for businesses across the country, but especially so for small businesses. According to recent Yelp data, 60% of business closures due to the coronavirus pandemic are permanent. Companies of all sizes have had to close some or many of their locations. Has your business suffered losses this year? Whether you’ve had to close down entirely or shutter locations in other states, it’s crucial you legally close your business so there are no repercussions down the road. Here’s what you need to know about business dissolutions and withdrawals and [...]

October 20th, 2020|Categories: Maturity and Exit|

Business Name Vs. Trademark

What’s the Difference Between a Registered Business Name and a Trademark? One of the first decisions new entrepreneurs make is what they will call their business. A lot, including brand recognition, rides on a business name, so naturally, it’s something business owners want to consider carefully. On occasion, people have asked me how a business name and trademark are different. Generally speaking: A business name is just that, a name a company calls itself and by which the public recognizes it. A trademark, as defined by the U.S. Patent and Trademark Office (USPTO),  is [...]

October 19th, 2020|Categories: Ongoing Management and Protection|

The What, Why, and How of Incorporating Out of State

A lot of entrepreneurs wonder what state should be used to incorporate a new business. Is it their own state or maybe another state like Delaware or Nevada? There is no easy answer to that question, however, there are definite benefits for some businesses to incorporate in states other than where they conduct business. Some existing businesses may also consider registering out of state due to compliance considerations that arise from multistate business activities or employees. These two different situations result in what is called foreign qualification. Foreign qualification is simply the process of [...]

October 7th, 2020|Categories: Startup and Launch|

What You Need to Know About Collecting Sales Tax

Before a retailer or service provider can open for business, they first must get approval from the state for sales tax registration. Not all states charge sales tax, and not all products and services are taxable, so it’s essential to learn the facts before you find yourself in compliance hot water. Here’s what to know about your business’s responsibilities regarding the collection of sales taxes. Sales Tax Vary by State and Sometimes by County Currently, forty-five states and the District of Columbia collect statewide sales taxes, while five states do not have a statewide [...]

October 7th, 2020|Categories: Ongoing Management and Protection|

Payroll Taxes 101

Whether you’re a sole proprietor and your company’s only employee, or a corporation with 40 employees, you are responsible for collecting and paying employment taxes to federal and state tax agencies. However, while federal payroll taxes are the same no matter where your business is located, state employment taxes differ according to income tax rates in the various states. Payroll taxes can be a bit confusing and overwhelming to new business owners. In today's article, I'll break down payroll taxes so you know all the ins and outs of keeping your business in compliance. [...]

October 6th, 2020|Categories: Ongoing Management and Protection|

Seven Steps to Creating a Business Emergency Preparedness Checklist

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 working [...]

September 15th, 2020|Categories: Ongoing Management and Protection|

CorpNet Named to Inc. 5000 List for 2020

CorpNet is proud to announce that it has made Inc. Magazine’s prestigious “Inc. 5000” list for 2020. As an Inc. 5000 honoree, we have been recognized as one of the fastest-growing private companies in America. During a stretch when the economy grew only 15 percent, CorpNet achieved 58 percent revenue growth over the past three years. “We are thrilled and humbled to be included on the list this year,” shared CorpNet CEO Nellie Akalp. “Some of the most successful, well-known companies in America—such as Zappos, Under Armour, and Microsoft—have enjoyed this distinction. My business [...]

September 8th, 2020|Categories: Events & Announcements|

How to Legally Start a Food Truck Business

According to IBISWorld, the food truck industry has 25,476 businesses in 2020. Growth in the industry from 2015 to 2020 averaged 8.7 percent. With the COVID-19 crisis a reality now, arguably, the food truck industry may be better suited than brick and mortar restaurants to navigate the challenges. With more people consuming take-out food and spending less time in sit-down establishments, food trucks may appeal to customers' desires for getting good food fast and with less person-to-person contact. In this article, I’ll share insight to get you headed down the right road on your [...]

September 1st, 2020|Categories: Startup and Launch|

7 Ways Your Business Can Crush It During COVID-19

Every business owner hopes to reach the peak of business success. You know, when you’re just crushing it—when smooth operations and growing profits allow you to breathe a satisfied sigh of contentment and pride. This year that feeling may seem farther from your reach than ever. A slower economy and a world trapped in daily self-distance protocols may leave you feeling directionless and disconnected. But, remember what Albert Einstein once said, “In the midst of every crisis, lies great opportunity.” Here are seven ways to ride out the pandemic and come out on top. [...]

September 1st, 2020|Categories: Growth and Expansion|
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