Wondering how to start a business in Wyoming? Get all the tips and guidance you’ll need to tackle to start and launch a business in the “Cowboy State".
Incorporating is one of our favorite services, not only for the tax savings it provides those who are self-employed, but also for the asset protection it offers those with passive real estate investments or one-off productions in the entertainment industry.
Before we dive into the benefits of an S-Corporation, let’s first understand each type of business entity:
- S-Corporation: Entity used to assist self-employed individuals transition from small to medium-sized business structures. The only entity that allows the self-employed to reduce social security and Medicare tax (SE tax). An S Corporation can also […]
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?
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 […]
The entrepreneurs you read about or see on TV may seem like overnight successes—but in reality, creating your own business doesn’t happen overnight. Behind every successful business idea, months (or even years) of thought and planning have gone into launching it. After all, who wants to risk the money, time and effort required to start a new business on a mere whim?
One of the keys to success is creating a business you’re excited about. Your passion will help you persist through all the obstacles. Here are three ideas for creating your own […]
Cyber Monday can be a day to launch your dream of starting a business – while getting a generous discount on one of CorpNet’s best packages of incorporation services.Call CorpNet at 1-888-449-2638 for a Free Business Consultation and ask how you can qualify for the $50 Cyber Monday discount. We have real people on the phone who will be happy to talk with you and figure out the right package of services for your needs. We’ll give you all the information you need to order online or by phone during the Nov. 26-28 Cyber Monday discount offer.When is the CorpNet Cyber Monday discount valid? Our $50 discount on CorpNet’s Deluxe or Complete incorporation services is valid from Nov. 26-28, 2012. Don't forget to use the special discount code when you place your order: CYBERMON
Today is the Friday after Thanksgiving, and it is “Black Friday,” fast becoming an unofficial American holiday. Along with big discounts on flat screen TVs, electronics, clothes and other consumer goods, we want to celebrate “Black Friday” here at CorpNet by offering some special savings on our business incorporation services. There’s no better day than Black Friday to start a business with the help of CorpNet’s online incorporation services.
This Thanksgiving, I hope we can all take time to reflect on the amazing power and freedom and excitement that comes from starting a business. It’s always a leap of faith, but I encourage you all, if you want to start a business, to allow yourself to believe in miracles. Don’t get distracted by negativity or petty slights; assume the best in people, and forgive everyone everything. Remember that no one is in charge of your happiness but you – and this is especially true when you decide to start a business. When it comes to going after what you love in life, don't take no for an answer. Even if your market is saturated and the obstacles are high, if you believe in what you’re doing, if you find a way to deliver exceptional products and services and delight your customers, you will find a way to succeed. That truth – that all of us as entrepreneurs have the power to shape our success and create the lives we want – is the biggest cause for gratitude of all.
In honor of Halloween, I’d like to discuss a few “frightful” topics. I’ve helped thousands of entrepreneurs over the years start a business by setting up an LLC or Corporation. Here at CorpNet, we talk to entrepreneurs every day who are starting on an exciting journey to pursue their dreams. But the truth is, entrepreneurship and running a business is not always a dream. Sometimes it can feel like a nightmare! People who decide to start a business often experience a lot of fear and uncertainty. So as we prepare for trick-or-treating and all the fun things that go along with Halloween, I’d like to discuss some of these most common fears of entrepreneurs, and explain how you can overcome them. On behalf of the entire team here at CorpNet.com, we wish you a very Happy Halloween!
LLC is short for “Limited Liability Company,” (NOT a Limited Liability Corporation) which is an interesting definition – unlike a C-Corporation or S-Corporation, an LLC is not technically a “corporation” in the same sense. The LLC acts like a hybrid business entity, giving the owner some of the same characteristics as a corporation, but with the pass-through taxation and flexible operations of a sole proprietorship.
If you decide to incorporate as an S-Corporation, the company itself will not pay taxes. Instead, the taxes are handled by “pass through taxation,” where the earnings “pass through” to the company’s owners and employees. S-Corporations also ensure limitation of personal liability for the business owners, helping to separate your personal finances and protect your personal assets from those of your business.