Can a CPA Set Up an LLC for a Client?
CorpNet Blog
by Nellie Akalp
1d ago
As a seasoned accounting professional, you have earned your clients’ trust and respect. Because your business clients know they can count on you to handle their accounting and tax matters, they may wonder about other ways you can assist them. For instance, someone might ask if you can help them set up an LLC or handle other business filings. Fortunately, that’s a perfectly feasible request for CPAs to fulfill. No legal requirement exists for business owners to ask an attorney to file their business formation or compliance documents. If entrepreneurs don’t feel confident about preparing and s ..read more
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How to Find a Registered Agent for Your LLC
CorpNet Blog
by Nellie Akalp
1d ago
If you have a Limited Liability Company (LLC) or other business that’s registered with the state, you must have a registered agent designated to receive legal correspondence and other documents on its behalf. If your LLC operates in more than one state, you’ll need a registered agent in every state where you’re registered to conduct business. In this article, you’ll learn how to find a registered agent you can trust to accept and process important legal documents quickly and accurately. It’s important to have a registered agent you can rely on, as mishandling summonses, subpoenas, tax notices ..read more
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The Best States to Form an LLC for Privacy
CorpNet Blog
by Nellie Akalp
5d ago
For various reasons, people sometimes want to form a business while keeping their identities private. That can be accomplished by registering an anonymous LLC, sometimes called a private or confidential LLC. States that allow these types of LLCs do not publicly identify the names, addresses, or contact information for members, allowing them to shield their identities. An entrepreneur may want an anonymous LLC to hide a business from an employer who doesn’t know the employee is planning on leaving their position, or so as not to disclose the purchase of real estate.  Some people simply do ..read more
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Partner Program Marketing Resources to Help You Build a New Revenue Stream
CorpNet Blog
by Nellie Akalp
1w ago
The CorpNet Partner Program allows CPAs, accountants, bookkeepers, and other financial and tax professionals to create an additional revenue stream for their businesses while building trust and loyalty with their clients. By enabling you to resell CorpNet business formation and compliance services — or get a commission when you refer clients to CorpNet — you can augment your income and maintain a steadier bottom line when the crazy-busy tax season has passed. As a Reseller, you collect the necessary information from your clients, and CorpNet prepares their forms and submits them behind the ..read more
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Single Member LLC vs. Multiple Member LLC
CorpNet Blog
by Nellie Akalp
1w ago
Although the primary difference between a single-member LLC (SLLC) and a multi-member LLC may be obvious (the first has one owner and the second has two or more), these variations of the Limited Liability Company business structure have other nuances to consider. They share many characteristics, but there’s more than just the difference in the number of owners to ponder when deciding whether one or the other might be a good fit for your business. Choosing between a single-member LLC vs. a multi-member LLC or other business entity type involves thinking about ownership, personal asset protect ..read more
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Four Common Types of Corporations
CorpNet Blog
by Nellie Akalp
1w ago
Incorporating a business provides many benefits for companies of all types and sizes. The process requires filing paperwork and paying a fee to have the state recognize the business as an official entity. Before deciding on a specific type of Corporation, you should think through several considerations that include: Where business will be conducted Wanting to have limited personal liability for business activities Whether the business will have a partner or an investor The company’s expected earnings and deductions Desire to minimize self-employment tax obligation Business goals Tolerance fo ..read more
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The Benefits of Incorporating a Business
CorpNet Blog
by Nellie Akalp
1w ago
If you’re getting ready to launch a company or are already up and running as a Sole Proprietorship, you might be thinking about formally incorporating the business. Forming a Corporation might sound daunting, and it does require some actionable steps to get it registered and in compliance with the state, but the benefits of incorporating far outweigh any effort involved. In this article, we’ll explore those benefits and I’ll outline the basic steps of getting registered as a Corporation. But first, let’s review exactly what it means to incorporate a business. You can technically operate a bus ..read more
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What to Look for in an Accounting Partner Program
CorpNet Blog
by Nellie Akalp
3w ago
Whew! You made it through the crazy-busy tax season, and I hope you and your fellow accounting professionals are enjoying some much-deserved time to relax. With the lion’s share of your firm’s revenue secured in the first four months of the year, you may now be considering ways to augment your services and keep cash flowing. Enrolling in a partner program may be an ideal answer! A partner program provides an opportunity to create additional revenue streams for accounting and CPA professionals. So, after high tax season has passed, accountants can continue to earn income steadily all year lon ..read more
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Member Managed vs Manager Managed LLC
CorpNet Blog
by Nellie Akalp
3w ago
Of the more than 30 million small businesses in the United States, 35% are Limited Liability Companies (LLCs), according to the Small Business Administration. LLCs are a popular business entity for a number of reasons. They’re relatively easy to get up and running and normally not overly difficult to maintain in terms of licensing, filing annual reports, and performing other tasks necessary to remain in compliance. They provide flexibility in how the business is taxed and shield members from personal liability. Also, LLC members are able to decide how the company will be managed. An LLC that h ..read more
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LLC Business Structures
CorpNet Blog
by Nellie Akalp
3w ago
While you’re probably familiar with a business entity known as a Limited Liability Company, or LLC, you may not realize there are different types of LLC business structures. If the business has just one member, it’s known as a single-member LLC. If there are two or more members, it’s called a multiple-member, or multi-member, LLC. You may also be aware that this type of business can be managed by its owners, who are called members, or by a non-member. When members manage the business, it’s called a member-managed LLC and when a non-member runs it, it’s known as manager-managed. There also are ..read more
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