The Launch Blog: Expert Advice from the CorpNet Team
How To Safely Reopen Your Small Business to the Public
As the country makes plans to reopen restaurants, retail, public buildings, and schools, your topmost concern should be the safety and well-being of workers and customers alike. Your reopened business will be scrutinized and the measures you take to reopen safely...
Business Ideas for People Who Love the Outdoors
If you love the outdoors and have always wanted to start a business relating to your outdoor passion, now is a great time to take advantage of the country’s desire for outside activities. Here are some outdoor business ideas and trends you need to know to get you running on the right path to business success.
Do You Need an LLC for a Hard Money Loan?
Do you need a register an LLC to obtain a hard money loan for your real estate investment? Let's explore the LLC and hard money loans so you can decide. Limited Liability Companies When it comes to investing in real estate, most investors choose to create a...
What is a Holding Company?
Many business owners operate multiple businesses and there’s a good reason for that: Once you have one business and business structure in place, it’s much easier to get a new business off the ground than if you had to start from scratch each time. At some point in...
How to Legally Start a Nonprofit Business
There is nothing more fulfilling than directing time and energy toward helping others in need. If you're passionate about a cause, you may have wondered how to start a nonprofit business. Some aspects of starting a nonprofit organization are similar to starting a...
What Does It Mean to Have Multiple Trademark Owners?
One of the many risks business owners face is one that rarely comes to mind—but could put your business in a dangerous position. We’re talking about trademark protection for your intellectual property. A trademark is a word, phrase, name, or symbol that identifies...
Outsourcing to Get Back to Business
Making plans to get your business back on track post-coronavirus pandemic? Here are five responsibilities you should consider outsourcing so you can devote more of your time and energy to the areas where you are most needed. 1. Website Updates and Maintenance Your...
How to Start an Amazon Business
You may have thought about how to start an Amazon business if you've been intrigued by the flexibility and income potential of selling online. According to an Adeptmind survey in 2018, almost half (46.7%) of internet users in the United States started online...
10 Mistakes to Avoid When It Comes to the CARES Act Funding Relief
With tons of misinformation swirling out there, you may be afraid of making a crucial mistake when it comes to applying for and receiving CARES Act relief funding. Here are 10 mistakes to avoid. Application Mistakes 1. Not Being Prepared Any delay in your...
The Small Business Mid-Year Checklist
How are we nearing mid-year already? If you’re like me, the current business climate has been a whirlwind of trying to keep up on new information, planning for post COVID-19 recovery, and still maintaining running our business operations. Now that we’re approaching...
9 Tax Benefits in the CARES Act
There are more advantages to the CARES Act than just relief funding that can help your small business save money and those come in the form of tax breaks. Although most of the breaks are temporary, it’s important to take advantage of all that’s being offered to...
How Loan Forgiveness Works for the PPP and the EIDL Loan Programs
Now that we are in full swing of the coronavirus pandemic, small businesses across the country are trying to make sense of the CARES Act and how the relief funding can help keep their businesses afloat. One area of confusion seems to be how a business receiving...
COVID-19 Relief Funding Alternatives
As of April 16, 2020, the SBA announced all appropriations for the Paycheck Protection Program and the Economic Injury Disaster Loan were exhausted. Small business owners are now in need of COVID-19 relief funding alternatives. Below is a list of some COVID-19...
Paycheck Protection Program for the Self-Employed and Sole Proprietors
By now we have all at least heard about the Economic Injury Disaster Loan and the Paycheck Protection Program enough to know what the acronyms EIDL and the PPP stand for. Even the infamous Pandemic Unemployment Program aka the PUA has become part of our daily...
What Government Loan Program Should You Apply For?
Can’t decide whether you should apply for the Paycheck Protection Program (PPP) loan from the SBA or the Economic Injury Disaster Loan (EIDL) from the U.S. Treasury? Truth be told, many of your fellow small business owners have already turned in their applications...
Adapting Your Business to Remote Activities and Shifting Business Hours
Who would have imagined we would be in the situation we’re facing today? The coronavirus pandemic has turned our world upside down and created an entirely new definition of “business as usual.” Many entrepreneurs, including me, have had to shift their business...
Paycheck Protection Program Loan Checklist
The SBA’s Paycheck Protection Program is an amazing opportunity for small businesses. It provides a 100% forgivable loan to cover payroll, rent, and utilities. The United States government has moved swiftly to get this program funded and operational. And in some...
Don’t Lock Your Credit if You’re Applying for a CARES Act Loan
I'd like to do a very quick public service announcement to alert you of something that can turn into a pretty big mistake. Things are moving so quickly with the CARES Act and Coronavirus relief that I almost didn't catch it myself. If you've locked your credit...
How to Calculate Your Payroll Protection Program Loan Amount
To help small businesses keep their business going and their staff employed, the federal government passed the CARES Act, which is administered by the Small Business Administration (SBA). One of the most useful parts of the CARES Act is the Paycheck Protection...
Florida Annual Report Deadline Extended Due to Coronavirus
Normally, at this time of year, you might find yourself scrambling to file your Florida annual report by the May 1st deadline. A business’s annual report confirms or updates a company’s information in the Florida Division of Corporations' records. The State...
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...
What Employers Need to Know About Sick Leave During the Coronavirus Crisis
Employers across the nation are feeling the pressure to keep their businesses up and running and profitable during the current COVID-19 pandemic. Whether you’re concerned about hunting down alternate suppliers or keeping employees and customers safe from...
A Guide to Filing a North Carolina Annual Report
Filing a North Carolina annual report is a yearly activity that is required to maintain your company's registration as a legal entity in the state. It contains information about the company and is due whether or not the entity is actively conducting business. Only...
When Personal Liability Protection Doesn’t Work for Corporations and LLCs
Did you structure your business as a corporation or LLC for limited liability protections? For most scenarios the extra filing requirements, paperwork and fees are worth it—your personal liability protection helps make sure your assets are protected from the...
Do You Need an LLC or S Corp When Purchasing Rental Property?
So, you want to be a landlord? Here’s what to know about setting up a rental property business and protecting it with an LLC or S Corp. Whether you want to purchase property to rent out on Airbnb or you want to lease office space, it’s important to understand that...
Do LLC Owners Pay Self-Employment Tax?
Many small business owners choose to operate their companies under the LLC business structure. They do so with good reason! The LLC offers liability protection to its owners (members), tax flexibility, and compliance simplicity. However, that tax flexibility may...
The Advantages and Disadvantages of a Subchapter S Corporation
Before the advent of the S Corporation in 1958, entrepreneurs had two options for forming a business entity. They could form a partnership or form a C Corporation. But neither of those business structures fulfilled the needs of many people seeking to start their...
Does Your Business Need a Sales Tax License?
Does your business need to collect sales tax and remit it to the state or local tax authority? And if it does, how do you go about getting a sales tax license? Moreover, what if your business is selling your products across state lines? Do you need to charge and...
16 Considerations When Choosing a Business Filings and Compliance Provider
Entrepreneurs cannot succeed in business completely on their own. Yes, they leverage their talent, expertise, and skills. But they also recognize when to delegate tasks and responsibilities to others with the knowledge and proficiencies they lack. For example, not...
What California’s AB 5 Means for the Gig Economy
In 2020, the hot topic is California’s Assembly Bill 5, often called the “Gig Economy Bill.” This is because AB 5 makes it difficult to be an independent contractor in California. Before we examine AB 5 in detail, let’s understand why California legislators passed...
