Category: Legal

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

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

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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

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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
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What Motivates Entrepreneurs to Start Small Businesses? by @DeborahSweeney

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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

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

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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

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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

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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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What Does It Take To Turn A Summer Side Hustle Into A Small Business? by @DeborahSweeney

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by Deborah Sweeney | Featured Contributor Summertime and the living is easy — especially when business is booming from your side hustle! If you’ve been running a successful summer side hustle for a few years now, you might want to consider spinning it off into a full-time gig. What does it take to turn a side […]

CONTINUE READING What Does It Take To Turn A Summer Side Hustle Into A Small Business? by @DeborahSweeney 9 min read
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Should You Incorporate As A Professional Corporation Or Professional LLC? by @DeborahSweeney

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by Deborah Sweeney | Featured Contributor When it comes to incorporating a small business, I generally recommend a broad range of legal formations to entrepreneurs. These entities often include limited liability companies (LLCs), partnerships, and corporations. Each entity provides liability protection, which ensures the separation of personal and professional assets. Entities like these are also ideal […]

CONTINUE READING Should You Incorporate As A Professional Corporation Or Professional LLC? by @DeborahSweeney 8 min read
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