The Launch Blog: Expert Advice from the CorpNet Team

Top 9 Changes From the 2018 Tax Code Updates

As the 2017 year comes to an end, we enter into a new year with a new tax code for both individuals and corporations. In fact, the recently signed the tax reform bill represents the most significant tax changes for the United States in more than 30 years. Many clients have reached out to us with questions and concerns as to how this new code would impact them at both the personal and business level. To make these changes easier to understand, we’d like to highlight the main points and changes we can expect [...]

January 8th, 2018|Categories: Ongoing Management and Protection|Tags: |

Do I Need a Startup Advisor?

A startup advisor can be invaluable to help you navigate through startup pitfalls, structure your company, find funding or scale up your business for profitable growth. I recommend a startup advisor -- provided you can devote the time to make the most out of your advisor’s expertise, talents, and connections.   If you just go through the motions without leveraging what your startup advisor has to offer, then it will be a waste of time. But if you are committed to accepting advice and mentoring, and you pick the right startup advisor, you can [...]

January 5th, 2018|Categories: Growth and Expansion|

Developing a Business Plan That Anyone Can Execute

Developing a business plan, securing financing, and putting together a winning team—all are key components of getting your new business on the right path from the start. But without a business plan, you may not stand a chance of recruiting your dream team or landing the financing you need. The Ins and Outs of Developing a Business Plan We’ve all read the stories of million-dollar businesses that started with a few ideas jotted on a scrap of paper or a bar napkin. But in reality, how many of those businesses grew to million-dollar sales [...]

January 3rd, 2018|Categories: Seed and Development|

6 Business-Boosting Benefits of Incorporating Your Company

One of the most critical decisions you will make as a business owner is choosing the business entity type for your company. Sole proprietor or partnership? Limited Liability Company (LLC), or corporation? Decisions, decisions! For many of the entrepreneurs that I work with, incorporating offers a variety of advantages legally and financially over operating as a sole proprietorship, partnership, or LLC. You should talk with your attorney and accountant or tax advisor before you select a business structure because it’s important that you fully understand the pros, cons, and your compliance responsibilities. To get [...]

January 2nd, 2018|Categories: Startup and Launch|Tags: |

The CPA’s Guide to Assisting Clients with Business Compliance Issues

As a CPA, you probably sometimes find that clients inquire about more than just their business’s taxes and finances. With the strong connection between their money and all aspects of their companies, they may toss you questions about a variety of business compliance issues that aren’t in your normal area of focus. You need to exercise caution in responding because your insight shouldn’t take the place of proper legal counsel or human resources guidance. But having a working knowledge of diverse compliance topics can help you aid your client’s understanding of certain issues and [...]

December 29th, 2017|Categories: Ongoing Management and Protection|Tags: |

Five Tips for Hiring Freelancers

As your business grows, so too does your payroll. Hiring can be one of the biggest struggles for growing business. The amount of time, money, and other resources needed to find, vet, hire, and train new employees are overwhelming. And, when these new employees don’t work out, you find yourself in an even bigger hole than before. Therefore, many successful businesses are turning to short-term contractors, or freelancers, to alleviate some of the bandwidth struggles they are experiencing. Using a freelancer can make sense if you want to mitigate the risks of new hires. [...]

December 21st, 2017|Categories: Growth and Expansion|Tags: |

Reviews Help Us Become the Best Online Formation Service for LLCs and Corporations

As the year closes out, there is a lot for us to be thankful for. At the top of our gratitude list is the wonderful group of customers we get to serve each and every day. Our goal has always been focused on providing high-quality customer service and for us to be the best online formation service for LLCs and corporations. Your reviews help us know what is working and how we can make our incorporation services even better. As five-star reviews are added to our TrustPilot profile, we are reminded of our pursuit [...]

December 20th, 2017|Categories: CorpNet Reviews & Customer Stories|

Year-End Closing Checklist: Get Your Business Ready for 2018

With time of the essence, I won’t delay getting right to the point of this blog post: Now is the time to get your company’s ducks in a row so your business will have a happy New Year. And by happy, I mean being prepared so you won’t suffer from the headaches and frustrations of falling behind on mission-critical responsibilities. So, without further ado, here’s a helpful year-end closing checklist to guide you in closing your 2017 on a joyous note. Your Year-End Closing Checklist to Make the New Year Merry and Bright 1. [...]

December 19th, 2017|Categories: Ongoing Management and Protection|Tags: |

Small Business Tax Tips to Grab at Year End

Before you let the hustle and bustle of the holiday season take over your business (and your life), now’s a good time to review your financial situation and explore some money-saving small business tax tips. Below is a list of my top ten tax tips entrepreneurs can still benefit from at year-end. My Top Ten Small Business Tax Tips 1. Deduct Startup Expenses Did you start your business this year? You may be able to claim some of your startup expenses on your tax return in the year you actually opened the business. To qualify [...]

December 18th, 2017|Categories: Ongoing Management and Protection|Tags: , |

Finance Your Business With These Low Stress Options

Today’s business owners have more options for business financing than ever before.  But some methods to finance your business may cause you to toss and turn at night more than others. Of course, stress can be subjective. One person’s definition of stress may be different from another’s.  But this list can help you sort through the different ways to finance your business that are less likely to cause you stress or at least allow you to choose what you consider to be low stress. Here are some lower-stress financing options for your small business. [...]

December 15th, 2017|Categories: Startup and Launch|

What is the Best Time of Year to Form an LLC?

Have you been thinking of launching a new business or changing your existing sole proprietorship to a formal business entity type? Are you concerned that you might not be selecting the best time of year to form an LLC? So When Really is the Best Time of Year to Form an LLC? There's never a bad time to register your business as a legal entity—doing so helps protect your personal assets and might offer some tax advantages, as well. But filing your paperwork to make it effective before the New Year has its perks! [...]

December 13th, 2017|Categories: Startup and Launch|Tags: |

The Importance of Customer Reviews and Why You Should Encourage Them

Opening up your business to online scrutiny feels like under-dressing for harsh winter weather -  you’re not always prepared for the bitterness, and it can sting. Your business is both your passion and livelihood, something you’ve worked hard to create. The thought of a customer having anything but a positive experience with your brand seems bad enough. It’s even more daunting when the customer can easily post a scathing review where other prospective clients are sure to see it. But if you position yourself to not only manage but also leverage customer reviews, it [...]

December 12th, 2017|Categories: Growth and Expansion|

Eight Office Essentials You Need to Have in 2018

The New Year is fast approaching, and many aspiring entrepreneurs are eager to turn their dreams into reality next year. With all the excitement that comes with starting your own business, it’s easy to overlook the basics. Most new entrepreneurs focus on the big picture, such as raising capital, business planning, and marketing. They have little head space left to think about small details like office supplies. If you’re in the same situation, we’ve got you covered. In this article, we put together a list of eight office essentials that you need to have [...]

December 8th, 2017|Categories: Ongoing Management and Protection|

Keeping Small Businesses in Compliance is a Team Effort

Staying in compliance can be challenging for many small business owners. They often rely on - or even assume - their CPA or accountant manages the paperwork associated with the registration and maintenance of LLCs, S-Corps, and C-Corps. This assumption can lead business owners down a slippery slope of non-compliance. CorpNet would like to prevent such issues. Earlier this year the CorpNet team released a partner program specific to accountants and CPAs. This program provides a win/win opportunity that gives financial professionals an easy way to help clients maintain compliance, while also bringing in revenue. [...]

December 7th, 2017|Categories: Partner Program|

Is a Farm LLC Really Necessary?

Starting and running a farming business provides opportunity and the freedom to forge your own professional path. There’s hard work involved, of course—farming is a 24/7 commitment. And an agricultural business comes with many of the same risks that other types of companies do—and some that other types of businesses do not. A farming business faces many uncontrollable threats such as economic downturns, droughts, floods, accidents related to the use of large equipment, unseasonable freezing weather, and even food trends that may put certain ingredients on the outs. Farming, while it can be fulfilling [...]

December 6th, 2017|Categories: Startup and Launch|Tags: |
Incorporate Now