Hobbypreneurs - Incorporate Your Business and Make it Official
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Understanding Corporate Structures Should I incorporate or form an LLC? That's the question. Both offer similar benefits, but there are also some key differences that you should understand and consider when choosing the right structure for your business.
CorpNet™ can help.
Founded by entrepreneur Nellie Akalp, CorpNet can help you complete the process saving you time and money with service that is fast, reliable, affordable, and 100% guaranteed. Nelli has helped more than 100,000 small business owners and entrepreneurs get their start.
Here's a brief corporation vs. LLC comparison:
They Have Some Things In Common
- Limited personal liability
Personal assets—homes, cars, savings and investments—are protected in case the business runs into problems. - Ability to raise capital
The business can borrow money and sell equity to raise capital. That's a good thing. - Unlimited duration
Both structures will last as long as the pyramids at Giza, unless they're dissolved.
- Tax flexibility and profit distribution
One advantage of LLCs is that they are not taxed as a separate entity. Business income or losses are reported on the owner's individual tax return. This is similar to an S Corporation, but different from a C Corporation, which is a separate taxable entity. - Corporate structure & formalities
An LLC generally requires fewer corporate formalities than a corporation. LLCs don't have to hold separate meetings for the board of directors or shareholders, or periodic directors meetings with minutes. In other words, it's simplicity without the corporate bureaucracy. - State filings
LLCs do still require state filings, though they're different from those for corporations. Articles of Organization must be filed with the Secretary of State to form an LLC, and the LLC's members must enter into an Operating Agreement that governs how it will be operated. - Number of Owners
Both Corporations and LLCs can have multiple owners, but there are differences in how many. LLCs and C Corporations can have an unlimited number, while S Corporations are limited to 100 Shareholders.
When you're ready to incorporate or form an LLC, CorpNet packages start from just $49 Plus state filing fees. This is substantially lower than what an attorney might charge for the same service. Relative to other online document filing services, CorpNet stands out above the rest.
Call for a free quote 1-888-449-2638, visit www.CorpNet.com or contact Nellie directly at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .
Prepaid Debit Cards - The Perfect Gift Anytime
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Wracking your brain to come up with a smart gift for someone in your life? Here’s a little secret: You can give something that’s easy for you and them. A prepaid debit card. Load it up with as much you want, and voilà! They can spend it pretty much wherever they want – until it runs out. Even better, it’s more flexible than a gift card and safer than cash. So who’s on your list for a prepaid debit card?
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Start with a skeptic like Grandma. She’ll love the idea of risk-free online shopping with prepaid debit card. It's insured by the FDIC, so even if her card number is lost or stolen, she’s not responsible for any spending other than her own. |
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The same goes for your sister the shopper. But there’s an added bonus: A prepaid debit card will help her get her swipe-and-sign impulses under control. Once she’s blown the amount on the card, that’s it. And no interest or finance charges (although some fees do apply). |
It makes a great present and it’s super convenient—a prepaid debit card can be used any place that accepts Visa. But unlike a regular debit card, it's not connected to a checking account, so she'll have to budget.
You can even give the Pink debit card to a friend, and a portion of what she spends will go to breast cancer research.
Get a prepaid debit card from ACE Cash Express and discover just how smart and easy gift-giving can be.
Brought to you by ACE Cash Express 2010.
Meet Entrepreneur Nellie Akalp
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Meet Nellie Akalp. Mother of three. Law school graduate. Passionate entrepreneur. This is not your typical success story.
First, she started a company, MyCorporation.com, sold to Intuit for serious dough (go girl) in 2005, and took time off. Then last year, she got the itch to do it all over again.
True, there were a few things working against her: the tanking economy, plenty of competition in the online incorporations space, and her own three-year sabbatical. So what? There’s nothing quite as satisfying as a good challenge.
Just 7 months ago, CorpNet.com was born. What drove Nellie to take the leap? Vision, determination, and a desire to help women entrepreneurs.
Her new company, CorpNet, offers online incorporation and legal document filing services. Her past companies combined have been responsible for helping more than one hundred thousand Corporations and LLC's get their start. She educates entrepreneurs and helps them get all of their document filings handled, quickly and affordably. Increasingly, those business owners, breadwinners and entrepreneurs are women. What’s more, with layoffs affecting millions of households, new companies owned and run by women are popping up at a breathtaking rate.
Why Incorporate/Form an LLC?
Got an question for Nellie? Leave it as a comment below. For a free quote, email her at This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call her at 888-449-2638.
Prepaid Debit Cards Beat Credit
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© 2009 DailyWorth
Single(k) – A 401(k) for the One-Person Business
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($) dailyworth sponsored post (?)
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It’s year-end—have you thought about the tax deductions you need to make before rolling into 2010? One way to cut your taxes substantially is to put a retirement plan in place.
65% of small businesses do not have retirement plans* as they believe that these plans are out of reach due to complexity and cost. That’s not true.
Single(k) is simple and affordable – you can have a plan for $175 a year!
Some of the key features that Single(k) offers:
- Option to take out a loan on the 401(k)
- Put away tax-deductible, tax-deferred savings of up to $54,500** a year
- A Roth feature that allows you more tax flexibility
You can also find out more information from our Web site at www.single-k.com.
Brought to you by The Online 401(k). Voted by SF Business Times and Inc magazine as one of the fastest-growing private companies in the Bay Area and in the United States.
* From Employee Benefit Research Institute
** Contribution limit for 2009
Money Coach Training Opportunity
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Ready for a change? Consider a career as a money coach. Karen McCall, the pioneer in the field of Financial Recovery sm Counseling, is taking applications now for her upcoming training. What's a Money Coach?
Money coaches help people make sense of their financial lives and teach them how to make smart money choices every day. Interested? Then take a look at the Financial Recovery Institute’s Training Program, and consider the rewards of becoming a money coach. Independence, making money and helping people — all rolled into one career. Makes sense, doesn't it?
As a money coach, you can:
- Guide people through a process for making smart financial decisions
- Work from home — all you need is a computer, a desk and a telephone
- Earn $40,000-$200,000 annually, depending on your experience and whether you want a part-time or a full-time business
- Receive one-on-one mentoring with an experienced Financial Recovery money coach
- Be the boss of your own rewarding career
Learn more about the Financial Recovery Training Program at the Financial Recovery Institute.
MEET 2 OF OUR GRADUATES:
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“Karen's training gave me tools and techniques to effectively and powerfully facilitate dynamic change in people’s financial lives." Danielle Ray, Financial Recovery Counselor & Psychotherapist |
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"As a Financial Recovery Counselor I can earn what I'm worth while helping transform people’s lives." Mikelann Valterra, Financial Recovery Counselor & Director of the Women’s Earning Institute |
{$} Need a Drink? Great Wines Under $20
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Life is too short to drink bad wine. According to wine maven Mark Censits, founder of Princeton-based CoolVines.com, the most important factor in selecting a wine is taste. Unlike most wine stores, Mark only sells wine he's tasted. All wines at CoolVines.com are hand-selected. Here are three recommendations in the $20 and under range:
Short on time? Want someone to choose great wine for you? Try CoolVine's "Theme Pack" case-building tool. Just choose a theme, price, and quantity. Try a Theme Pack.
$13.00 I Stefanini Soave Selece 2008
A simple but delicious table wine.
$20.00 Evening Land Celebration Gamay Noir 2007
Lots of earthiness.
$13.00 Varichon and Clerc Blanc de Blanc NV
Great for starting or accompanying a meal. Oysters anyone?
