Startup and Launch

If you have marketable skills and knowledge as a self-employed independent contractor, you may wonder if you should freelance, and if so, how you'd go about starting a freelance business. And with the current economic climate of the great resignation and possible...

If you have your sights set on incorporating your business, you may be wondering if a C Corporation or S Corporation is the better option. While both are popular choices, nuances exist that may make one or the other more advantageous for your situation. The...

When deciding between an LLC vs. partnership as your company's business structure, you'll have many considerations to address. There are ramifications legally, administratively, and financially when choosing a business entity type. Rushing to a decision can have...

Thinking about starting a business in Delaware and wondering what you need to do? This 17-step guide will give you valuable insight.

You have a phenomenal business idea, you’ve done some homework to verify your idea is viable, and now you’re ready to take the necessary steps to make your dream of starting a business in Nevada come true. Starting a business in Nevada offers the opportunity to...

There's a neverending debate on whether entrepreneurs are born or made. I don't claim to be able to make the call one way or another, but I have noticed several characteristics that the most successful small business owners seem to share. Here they are. Whether entrepreneurs are made or born, they all share similar characteristics. How many of these do you possess?

A Statutory Close Corporation (also known as “Close Corporation”) is a corporation that does not publicly trade stock and is formed under a special statute. This type of corporation is held by a limited number of shareholders. In some states, Close Corporations may...

Payroll processing has a lot of moving parts. Read this post to find out what it involves and how CorpNet can help your business satisfy the requirements.

Preparation matters when launching a business. And knowing your startup and ongoing costs is among the most important steps of the process. It’s critical for seeking funding, attracting investors, and estimating when you’ll break even and begin turning a profit....

Many entrepreneurs start their small businesses in their homes. Without the costs associated with renting or buying office space, it helps keep startup expenses down. Still, business owners running their companies out of their houses must pay attention to many...

You’ve heard the phrase "two heads are better than one” and that often rings true for entrepreneurs. Along with the pooled knowledge from multiple brains, having a business partner brings the perks of additional funds, a wider breadth of skills, a built-in support...

Do you already have experience in preparing tax returns as an employee or temp for a tax agency and wish you had more control over your schedule? Or are you looking to capitalize on your math abilities and attention to detail on your own terms? Either way, you may...

The Limited Liability Company (LLC) business structure is a popular choice for entrepreneurs in nearly all industries because of its simplicity, personal liability protection, and tax and management flexibility. An owner of an LLC is called a member, and an LLC may...

What do you need to do to get your startup off the ground before next year? These steps to start a business will give you the direction you need.

For many, the American dream is all about entrepreneurship. Business ownership is a way to declare personal independence and even though the economy has been a roller coaster lately, it hasn’t quieted America’s entrepreneurial spirit. As a matter of fact, despite...

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...

Starting a new C Corporation can be complicated and entails several legal, administrative, and administrative steps. Whether you’re starting the business on your own, with a partner, as part of a team, or converting your current business structure to a corporation,...

Starting a new Limited Liability Company (LLC) can be complex, entailing several legal, administrative, and organizational steps. Whether you’re starting the business on your own, with a partner, as part of a team, or converting your current business structure to...

Entrepreneurs face many critical decisions as they launch their businesses. Among the most important is selecting the best business structure for their company. Because of the legal, financial, administrative, and operational implications of the entity chosen,...

The Limited Liability Company (LLC) business structure is one of the most flexible and simple business entity types that entrepreneurs may choose. LLCs aren't usually required by states to have an LLC partnership agreement; however, it's something to...

Are you considering starting a business as a solo owner, or will you co-own the business with your spouse? Then, you may be wondering if operating as a sole proprietorship or a limited liability company (LLC) will be the better choice. Keep in mind that there are...

Happy November! We are excited to bring you another post in our monthly FAQ series! When starting a business, one of the first questions an entrepreneur must ask themselves is, "What entity type should I register?" Here at CorpNet, we are often asked to explain the...

An EIN (Employer Identification Number), also known as Federal Tax ID Number, is a 9-digit number issued by the IRS that the United States federal government uses to identify a business for tax purposes. Every business with employees or registered in the U.S. as a...

A business entity can have its own business credit record and score. Lenders, suppliers, vendors, and even potential customers might check a company’s credit score (which is publicly available) before providing funding or doing business with the company. Business...

What Is a Nonprofit? A nonprofit organization is created to fulfill a charitable, civic, religious, scientific, literary, or educational goal. Nonprofits do not have private owners, nor do they issue stock or pay dividends to shareholders. Aside from founders or...

When a limited liability company (LLC) has a physical location, owners usually register their business in their home state because that’s typically where they conduct most of their business. But what about forming an LLC for an online business? Having an online...

Whether that name is legally registered with the business’s home state or not, every business has a legal name. A DBA (or “Doing Business As” is a name that is different from the legal name of the company. A DBA is also referred to as the “trade name,” “assumed...

Some people are lucky enough to grow up in an entrepreneurial family. I am one of the lucky ones. I learned so much from working with my grandfather at his small businesses when I was younger. I mean, what could be better than working at an ice cream store?...

What is a Partnership? A partnership is a formal legal entity where two or more parties agree to manage and operate a business and share its profits and losses. Like a sole proprietorship, each partner is responsible for the assets and liabilities of the company....

When you’re starting a business there’s so much to know, it can be overwhelming.  Let us take some of the complexity out of the startup process by answering the top FAQs entrepreneurs have about small business licenses and permits. Is a business license the same as...