Category: Legal

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Which Entity Formation Should My Business Incorporate As? by @deborahsweeney

As you prepare to launch a small business, it’s important to consider incorporating as a business structure. What does it mean to incorporate? Incorporation is defined as the process of creating a corporate business structure. This structure, in turn, allows the business to act as a separate legal entity from its owner. The entity formation […]

CONTINUE READING Which Entity Formation Should My Business Incorporate As? by @deborahsweeney 7 min read

5 Mistakes to Avoid Making When Starting a Business by @deborahsweeney

  It’s an exciting moment when entrepreneurs decide to take the leap forward and start a small business. Once you discover your why, you’ll be ready to launch a startup that can solve problems for its customers and bring value to the community. Before you start imagining all the fantastic things your startup will achieve, […]

CONTINUE READING 5 Mistakes to Avoid Making When Starting a Business by @deborahsweeney 6 min read

What Entrepreneurs Need to Know Before Selling a Business by @DeborahSweeney

by Deborah Sweeney | Featured Contributor Thinking about selling your small business? Now may be the right time to contemplate selling — or at least considering an exit strategy. Amid COVID-19, studies have shown that the majority of advisors see today’s market as a seller’s market for businesses valued between $2 to $5 million. Small businesses […]

CONTINUE READING What Entrepreneurs Need to Know Before Selling a Business by @DeborahSweeney 10 min read

How to Transition From a Sole Proprietor to an LLC by @DeborahSweeney

by Deborah Sweeney | Featured Contributor Is it ever too late to change the legal structure you initially incorporated as? Not at all. The entity formed for a business at its offset does not need to be its formation forever. Entrepreneurs have the option to change structures that best fit their needs, and many begin as […]

CONTINUE READING How to Transition From a Sole Proprietor to an LLC by @DeborahSweeney 6 min read
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Which Entity Structure Should You Choose to Incorporate a Small Business? by @DeborahSweeney

by Deborah Sweeney | Featured Contributor There are a lot of entity structures to pick from when you decide to incorporate a small business. It’s easy to struggle with finding the formation that feels like the right fit. Some entrepreneurs may feel so overwhelmed that they decide not to incorporate their startup. Keep calm and always […]

CONTINUE READING Which Entity Structure Should You Choose to Incorporate a Small Business? by @DeborahSweeney 6 min read

What Motivates Entrepreneurs to Start Small Businesses? by @DeborahSweeney

by Deborah Sweeney | Featured Contributor Entrepreneurship isn’t for the faint of heart. Starting a small business means that you get to pursue your passion, but must also make sacrifices, like careful budgeting and working more hours outside the traditional 9-5 schedule, to reach your goals. However, this investment of time and energy does pay off […]

CONTINUE READING What Motivates Entrepreneurs to Start Small Businesses? by @DeborahSweeney 6 min read
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Legal Steps to Closing a Business Before the New Year by @CorpNetNellie

by Nellie Akalp Did your business struggle this past year? You’re not alone. Statistics show 20% of small businesses fail in their first year, while 30% fail in year two, 50% fail after five years in business and 70% don’t make it past their 10th year in business. Business failure does not mean the end […]

CONTINUE READING Legal Steps to Closing a Business Before the New Year by @CorpNetNellie 7 min read

File This Paperwork to Prep Small Businesses for 2020 by @DeborahSweeney

by Deborah Sweeney | Featured Contributor Entrepreneurs are on the cusp of more than a new year. We’re approaching a whole new decade! How exciting is that? As small business owners say goodbye to 2019, it’s crucial that they enter the next decade in compliance. Forgetting to file or update outstanding documents could result in their […]

CONTINUE READING File This Paperwork to Prep Small Businesses for 2020 by @DeborahSweeney 5 min read
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Business Entity Refresher Course by @CorpNetNellie

by Nellie Akalp Choosing a business structure affects your business’s ability to get credit and obtain funding. It also offers you personal liability protection and affects your tax status. In other words, there’s a lot you need to know to make sure you’ve chosen the best entity for you and your business. Here’s a quick […]

CONTINUE READING Business Entity Refresher Course by @CorpNetNellie 7 min read
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Why Does My Business Need State Unemployment Insurance? by @DeborahSweeney

by Deborah Sweeney | Featured Contributor Small businesses have no shortage of items to check off their initial to-do list. The journey begins once they have incorporated or formed an LLC. Then, they must look into registering trademarks, obtaining employer identification numbers (EINs), and getting relevant business licenses. Filing for state unemployment insurance might be a […]

CONTINUE READING Why Does My Business Need State Unemployment Insurance? by @DeborahSweeney 7 min read
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