The Basics of Partnerships

Partnerships consist of an association of two or more persons who assume co-ownership of a business for profit. While partnerships are relatively easy to set-up, there are some basic tips that if followed can lead to a long-lasting and rewarding partnership.

S Corporation: What Are the Benefits?

An S Corporation or S Corp is an eligible domestic corporation that has elected to be treated as an S Corporation for tax purposes. S Corporations avoid double taxation on corporate income.

An Overview of S-Corporations

The S-corporation is the most popular tax entity in the United States and the number of S-corps is increasing faster than any other type of entity. A for-profit, state-chartered corporation may elect S Corp status.

Doing Business in Another State: Foreign Qualification

To be successful and generate a profit in today’s business world, many business owners are finding that it is important to conduct business outside...

Is Your “Business” Actually a Hobby?

You may have started a home-based business and now it is tax time and you don’t know what to do. You’re operating a business,...

Business Structure Types for Entrepreneurs

CorpNet CEO Nellie Akalp joins me to discuss business structure types including the sole proprietorship, LLC, and corporation. We focus mainly on the difference between LLCs and S-Corps, which are the two most popular business structures used by small businesses today.

9 Questions to Ask Yourself Before Choosing a Business Partner

Launching a business is both one of the toughest and most rewarding experiences an entrepreneur will encounter. For that reason, many entrepreneurs join forces...

3 Common Pitfalls of Your Trademark Application

Protecting the name of your business is a vital step toward franchising. It also has other important business implications. Think of it as the...

Should You Go Into Business with Your Friends?

Either you’ve thought about it or you know someone who has: going into business with a good friend seems like a wonderful idea. Why...

Why You Should Incorporate Now!

Many business owners think they are "too small" to incorporate. They wait until business picks up or they are ready to expand to tack on that legal structure. Here are some top reasons why you should consider incorporating now instead of waiting.

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