Where to Form an LLC for an Online Business

When a limited liability company (LLC) has a physical location, owners usually register their business in their home state because that’s typically where they conduct most of their business. But what about forming an LLC for an online business? Having an online company provides some flexibility when selecting a domicile (home) state. Of course, [...] The post Where to Form an LLC for an Online Business appeared first on CorpNet.
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How to Proactively Manage Small Business Compliance

Besides going through all the proper steps to set up a business, understanding and following through with ongoing compliance requirements is immensely important. I regularly address small business compliance considerations in my writings on the CorpNet blog and webinars that I present to accounting and tax professionals. Compliance is mission-critical to entrepreneurial success, so [...] The post How to Proactively Manage Small Business Compliance appeared first on CorpNet.
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Independent Contractor vs. Employee

Before the pandemic (and all the havoc it created), small business owners were in an ongoing pursuit of sourcing the best workers for their company. Deciding between independent contractors and employees was a frequent question and this debate grew as some states considered enacting laws like California’s 2020 AB5 law. In 2021 "The Great [...] The post Independent Contractor vs. Employee appeared first on CorpNet.
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How to Remove a Member from an LLC

Some limited liability companies undergo ownership changes as their businesses evolve. Members may come or go — either voluntarily or involuntarily — for a variety of reasons. So how do you remove a member of an LLC? Well, that depends! Different circumstances can affect the process and the outcomes for what happens to a [...] The post How to Remove a Member from an LLC appeared first on CorpNet.
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Hiring Family Members in a Small Business

I'm often asked if it is advantageous for a small business to hire family members. Some entrepreneurs have asked if hiring relatives presents legal issues, while others have asked if it is ethical. Whether you believe this practice is good business or nepotism, there are a lot of companies hiring relatives in full-time and [...] The post Hiring Family Members in a Small Business appeared first on CorpNet.
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How to Reinstate a Revoked 501(c)(3) Status

As a 501(c)(3) nonprofit, an organization does not have to pay federal income tax on its profits related to its business purpose. That’s an important advantage as it allows organizations to keep more of their profits and use them to further their causes. However, if a nonprofit organization fails to file the required reports [...] The post How to Reinstate a Revoked 501(c)(3) Status appeared first on CorpNet.
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CorpNet Named to Inc. 5000 List for 2021

CorpNet is proud to announce that it has made Inc. Magazine’s prestigious “Inc. 5000” list for 2021. As an Inc. 5000 honoree, we have been recognized as one of the fastest-growing private companies in America. During a stretch when the economy experienced limited growth, CorpNet achieved 120% revenue growth over the past three years. [...] The post CorpNet Named to Inc. 5000 List for 2021 appeared first on CorpNet.
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