Figuring Out the Best Corporate Year End Date

The year end date is important as it identifies the end of a corporation’s business year and can have an impact on tax planning. It has to be determined for a corporation’s first tax filing and is typically the last day of a month. So what year end date should you choose? Discussion There are…

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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 of their local vicinity. In fact, many businesses that are located in one state are doing business in a number of other states. When a company is doing business in a…

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The Top States for Low and No Corporate Income Tax

There are a number of considerations that a business owner may take into account when deciding upon the best state in which to incorporate. One factor that is often important to business owners is the taxes that will be imposed on the newly formed corporation. Both the type of taxes for which a business is…

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8 Reasons to Incorporate Your New Company Early

Many entrepreneurs are so focused on finalizing their innovative product or service that they procrastinate on the formalities of forming the requisite new company until later. Unfortunately, waiting until later will dramatically increase the risk of losing ownership of the solution they worked so hard to complete in addition to personal and family assets. Although…

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5 Points to Weigh Before Converting Your Business into a Corporation

We help launch dozens and dozens of startups each year. In the vast majority of cases, we form a Delaware C-Corp. However, lately we have seen many startups that formed their own LLC and now need to convert. Related Article: Taking Care of Business: 3 Steps for Incorporation Here are the top five reasons you…

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7 Reasons You Need to Incorporate Today

Choosing how a business is organized, taxed, and protected is one of the most important first decisions you will make as a new business owner. While most businesses make the decision to incorporate right at the start of the business, some wait too long and lose valuable benefits year over year. Depending on the business…

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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.
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