Blogging

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Small Business Technology Solutions That Offer Growth

As technology continues to reshape the way we do business, it’s easy to jump to the conclusion that powerful tools – such as artificial intelligence and the IoT – are only an asset to bigger companies.

But this isn’t true. In fact, the ubiquity of connected devices is driving more opportunities for small business owners to shine than ever before.

Things move fast, and for small businesses, the only choice is to embrace digital change and learn how to reap the benefits of various new technologies. To get started, here are six small business […]

2019-09-03T05:41:45+01:00September 29th, 2017|Categories: Growth and Expansion|Tags: , |

The Fail Proof Process for Incorporating in California

Have you considered incorporating in California but you’re just not sure where to begin? As a California business owner, I’m excited to help guide other entrepreneurs get their companies up and running in this fine state.

In this post, I’m going to walk you through the process of forming a corporation in California. But first, let’s take a look at the various kinds of corporations the state recognizes.

Types of Corporations in California

  • General For-Profit Corporation (General Stock Corporation) – A General For-Profit Corporation is a legal entity, separate from the shareholders who own its […]
2019-09-03T05:41:47+01:00September 6th, 2017|Categories: Startup and Launch|Tags: , , , , |

Is A Real Estate LLC Really Necessary?

A Real Estate LLC (Limited Liability Company) business structure has become a preferred entity of real estate investors for holding title to investment properties. That’s not too surprising considering the advantages of forming an LLC:

  • It limits personal liability.
  • It provides tax treatment flexibility.
  • It’s relatively simple to establish and maintain.
  • It’s less costly to set up and maintain.
  • It offers more flexibility in how you distribute profits.
  • It makes it easier to pass real estate investments to your loved ones.
  • An individual or a company beyond the United States can own […]
2019-09-03T05:41:49+01:00August 16th, 2017|Categories: Startup and Launch|Tags: , , , , , , |

Firing a Client: Why, When and How

When you’re starting a business, it’s hard to imagine a time when you would actually turn away business or find yourself in a situation where firing a client is required. In the beginning, of course, beggars can’t be choosers, and even if the client isn’t a big spender, every penny counts. Plus, at the beginning, you’re more concerned about getting experience and building your reputation, in your industry and community. But eventually, as you get more established, there will likely be a situation when you have to decide whether a particular client […]

2019-09-03T05:41:49+01:00August 8th, 2017|Categories: Ongoing Management and Protection|Tags: , |

6 Ways to Improve the Security of Your Small Business

When starting a business, entrepreneurs have a lot to think about. Often, the owner is responsible for sales, marketing, accounting, merchandising—the list goes on. While all that is important, don’t forget that you’re also head of security. And unfortunately, this is often a full-time job in itself. However, you can take steps to make your security role easier if you know what threats you face.

What Are the Threats?

If your business has a brick-and-mortar location—and especially if it’s a retail operation—you’re probably very familiar with the need for physical business security.

2019-09-03T05:41:49+01:00August 2nd, 2017|Categories: Ongoing Management and Protection|Tags: , |

Business Compliance: How To Stay In Good Standing

What Is Business Compliance?

While definitely not the most glamorous aspect of running a business, complying with applicable rules and regulations is a must. Business compliance (known as “corporate compliance” for incorporated businesses) is critical for keeping your company in good standing with your state.

The specifics of what you need to pay attention to depend on the legal structure of your company and where you’re registered to operate your business. The compliance requirements Limited Liability Companies (LLCs) and corporations have to meet can vary from state to state (and sometimes even […]

2019-09-03T05:41:49+01:00July 26th, 2017|Categories: Ongoing Management and Protection|Tags: , , , , , |

10 Ways to Create a Successful Small Business Brand

One of the key steps to starting a new company is creating a strong small business brand. Do it right, and you’ll have a memorable brand that customers line up to do business with. How can you get your brand off on the right foot? Here are 10 steps to creating a business brand.

 1. Understand the basics of a small business brand

To craft your brand message, start by asking yourself (and answering) these questions:

  • What does your company do? Can you distill that down to a few sentences or bullet points?
  • Why […]
2019-09-03T05:41:50+01:00July 19th, 2017|Categories: Growth and Expansion|Tags: , , |

Filing an Amendment: 7 FAQs to Keep You in Compliance

This month, we answer all your thought-provoking questions about filing an amendment. July marks the middle of the year and a great time to make changes within your company!

When do I need to file an amendment?

Articles of Amendment are required if any of the information included in your incorporation or foreign qualification paperwork changes. For example:

  • Changes to the company name
  • Changes to the Registered Agent Information
  • Company Business Address
  • Director or Member Information
  • Number of Authorized Shares
  • Business Activities of the Company

Do I need to notify the state if […]

2019-09-03T05:41:50+01:00July 17th, 2017|Categories: Ongoing Management and Protection|Tags: , , |

How to Legally Structure Your Business To Secure Financing

All the pieces of your entrepreneurial dream are finally falling into place. You have a name for your business, a product or service that makes you super excited, and you’ve even started noodling designs and logos. Before you can go much further, however, you’re going to need funding. And in order to get funding, you will need to decide what type of structure is best for your business: a sole proprietorship DBA (doing business as); a C corporation or S corporation; a professional limited liability company (PLLC) or a limited liability […]

2019-09-03T05:41:50+01:00July 14th, 2017|Categories: Seed and Development|Tags: , , , , , |

Employer Identification Number: What is an EIN and How do I Get One?

At CorpNet, we field a lot of questions centered on what aspiring entrepreneurs need to do from an IRS-standpoint to start a business. Almost daily, I see inquiries arrive about obtaining an EIN (Employer Identification Number). I’m glad people ask about that because it is indeed an important item to check off a startup’s to-do list.

What Is An Employer Identification Number?

You may see EINs also referred to as “Federal ID number,” “Tax ID Number,” or Federal Tax ID Number.” It is a nine-digit number used for tax filing and reporting and […]

2019-09-03T05:41:51+01:00July 12th, 2017|Categories: Startup and Launch|Tags: , , , , |