Small Business
The Accountant’s Entity Guidebook
Ready to start your own accounting firm? Here's how to decide which entity type is best if when starting a new practice.
Nellie Akalp
CEO, CorpNet Inc.
Nellie Akalp is a passionate entrepreneur, recognized business expert and mother of four. She is the CEO of CorpNet.com, the smartest way to start a business, register for payroll taxes, and maintain business compliance across the United States.
Loved by entrepreneurs, accountants and lawyers, CorpNet offers transparent pricing and a simple ordering process. Payroll service providers and larger firms appreciate CorpNet’s quickly scalable software and API solutions.
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Small Business
What is a Series LLC and Why Your Clients Should Care
The series LLC allows business owners to divide multiple investments and debts and to operate each LLC as a separate entity with its own name, bank account, and recordkeeping. Under the master LLC, each separate entity can ...
Benefits
What’s the Best Entity Type for a Family Business?
Most of your clients probably started their family business solo and with little thought to what happens to the business when the owner gets married and has a family. Smaller owner-operator businesses are usually structured as sole proprietorships with...
Small Business
What to Know When Your Clients Want to Expand Their Businesses to Another State
Are your clients looking to expand their businesses to another state or states? If so, that’s a great indication of success and they’ll probably turn to you for financial guidance to help them make the move. However, they’re also likely to need your ...
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Small Business
How California's New AB5 Law Affects Your Clients
Attempting to refine and contain current nebulous rules for independent contractors, California’s new AB5 requires a new test be used to determine whether workers in California fall under employee or independent contractor status.
Small Business
How to Incorporate a Business in a Different State
Many of your clients may be wondering about incorporating their businesses in a different state from where they are based. It’s true that doing so may save new businesses a bit of precious startup capital when it comes to filing fees.
Small Business
What Entity Structure Is Best for Active Income vs. Passive Income?
When it comes to passive vs. active income concerns, you should be ready to advise which structure makes the most sense for them and offers the best tax advantages.
Small Business
Why Small Businesses May Want to Consider Electing S Corp Status
With all the decisions your clients are expected to make when starting a business, which legal structure to choose might not get as much consideration as it should. Most business owners choose to form a sole proprietorship in the beginning, since ...
Small Business
Corporate Biz 101: A Refresher Course on Legal Structures for Business Clients
Now that we’ve passed the mid-year point, it’s a good time for a quick refresher course on what your business clients need to know about choosing their legal structure. Your clients’ business entity type has legal, financial and administrative ...
Firm Management
How to Prepare for Summer in the Office and Not Leave Your Firm Stranded
Since summer is a popular vacation season and because we don’t want to see you crash and burn, here are a few ideas to help you and your staff get some time away from your business—without skipping a beat.
Small Business
Time for a Change: How to Help Your Clients Switch Business Structures
There are several reasons your clients may want to switch entities in the course of their business lives. When they started their businesses, a Sole Proprietorship may have been the default selection, but over time your client may need ...
Small Business
Moving Forward: How to Plan Right for Succession
Incredibly, three in five small businesses do not have a business succession plan in place, according to a Nationwide Small Business Survey. Of those, 47% don’t have a succession plan because they don’t think it’s necessary, while 14% don’t have a ...