What Type of Business Benefits From a C Corp? Watch this Webinar

Business-Benefits-From-a-C-Corp.png

Do you know what legal structure makes the most sense for you if you are about to start a business? If you don’t know, it is essential you find out because it is one of the most important decisions you will make. A webinar titled “What Business Structure is Right for You?” is going to answer some key questions and guide you so you can make the best decision when you are ready to start. So what type of business can benefit from a C Corp or an LLC or even a Sole Proprietorship.

In collaboration with Anita Campbell, Founder and CEO of Small Business Trends LLC, Nellie Akalp, the CEO of CorpNet.com will be discussing the advantages and disadvantages of each legal structure.

The will be discussing:

  • The tax savings features of different entities.
  • The C Corporation and which types of businesses benefit from this entity.
  • The many benefits of incorporating a business or forming an LLC.
  • Why the Sole Proprietorship of Partnership offers no liability protection for business owners.
  • Why a Limited Liability Company (LLC) is so popular among business owners.
  • The advantages and disadvantages of the S Corporation vs the LLC and what is best for which types of businesses.

Starting a business has many different steps, but the legal structure is one people find most confusing. And clarifying that confusion is absolutely essential if you want to start your business the right way.

Click the red button and register to attend this free webinar on Jan 17, 2021, at 2 p.m. (EDT).

 

Register Now



Featured Events, Contests and Awards

WEBINAR: What Business Structure is Right for You?WEBINAR: What Business Structure is Right for You?
June 17, 2021, Online

Picking a business structure is usually the first big legal decision for a new business owner and one of the most confusing. However confusing, it is an essential step to protecting your personal assets from any liabilities of the company. In this webinar, Nellie Akalp CEO of CorpNet.com, will share insight on business entities to help guide you to the best decision for your new venture.


WEBINAR: Best State to IncorporateWEBINAR: Best State to Incorporate
July 28, 2021, Online

Some say Delaware, others say Nevada while someone else may say your home state. What is the best state to register a business in? What if your business is expanding into new territory? At what point should you Foreign Qualify? Nellie Akalp, CEO of CorpNet.com, will go in-depth to answer these questions and more in this webinar.


WEBINAR: Steps to Start Your BusinessWEBINAR: Steps to Start Your Business
October 20, 2021, Online

Starting a business can be an exhilarating time, where everything seems full of potential and purpose. But navigating the logistics of launching a business can be daunting. In this webinar Nellie Akalp, CEO of CorpNet.com, will outline the steps necessary to legally start a business and get up and running on the right foot.


More Events

More Contests

This weekly listing of small business events, contests and awards is provided as a community service by Small Business Trends.

You can see a full list of events, contest and award listings or post your own events by visiting the Small Business Events Calendar.

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This article, "What Type of Business Benefits From a C Corp? Watch this Webinar" was first published on Small Business Trends



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What Type of Business Benefits From a C Corp? Watch this Webinar

Business-Benefits-From-a-C-Corp.png

Do you know what legal structure makes the most sense for you if you are about to start a business? If you don’t know, it is essential you find out because it is one of the most important decisions you will make. A webinar titled “What Business Structure is Right for You?” is going to answer some key questions and guide you so you can make the best decision when you are ready to start. So what type of business can benefit from a C Corp or an LLC or even a Sole Proprietorship.

In collaboration with Anita Campbell, Founder and CEO of Small Business Trends LLC, Nellie Akalp, the CEO of CorpNet.com will be discussing the advantages and disadvantages of each legal structure.

The will be discussing:

  • The tax savings features of different entities.
  • The C Corporation and which types of businesses benefit from this entity.
  • The many benefits of incorporating a business or forming an LLC.
  • Why the Sole Proprietorship of Partnership offers no liability protection for business owners.
  • Why a Limited Liability Company (LLC) is so popular among business owners.
  • The advantages and disadvantages of the S Corporation vs the LLC and what is best for which types of businesses.

Starting a business has many different steps, but the legal structure is one people find most confusing. And clarifying that confusion is absolutely essential if you want to start your business the right way.

Click the red button and register to attend this free webinar on Jan 17, 2021, at 2 p.m. (EDT).

 

Register Now



Featured Events, Contests and Awards

WEBINAR: What Business Structure is Right for You?WEBINAR: What Business Structure is Right for You?
June 17, 2021, Online

Picking a business structure is usually the first big legal decision for a new business owner and one of the most confusing. However confusing, it is an essential step to protecting your personal assets from any liabilities of the company. In this webinar, Nellie Akalp CEO of CorpNet.com, will share insight on business entities to help guide you to the best decision for your new venture.


WEBINAR: Best State to IncorporateWEBINAR: Best State to Incorporate
July 28, 2021, Online

Some say Delaware, others say Nevada while someone else may say your home state. What is the best state to register a business in? What if your business is expanding into new territory? At what point should you Foreign Qualify? Nellie Akalp, CEO of CorpNet.com, will go in-depth to answer these questions and more in this webinar.


WEBINAR: Steps to Start Your BusinessWEBINAR: Steps to Start Your Business
October 20, 2021, Online

Starting a business can be an exhilarating time, where everything seems full of potential and purpose. But navigating the logistics of launching a business can be daunting. In this webinar Nellie Akalp, CEO of CorpNet.com, will outline the steps necessary to legally start a business and get up and running on the right foot.


More Events

More Contests

This weekly listing of small business events, contests and awards is provided as a community service by Small Business Trends.

You can see a full list of events, contest and award listings or post your own events by visiting the Small Business Events Calendar.

Image: Depositphotos

This article, "What Type of Business Benefits From a C Corp? Watch this Webinar" was first published on Small Business Trends



via Small Business Trends Business Feeds

10 Personal Development Tips to Help You Love Your Small Business Life

personal development tips

Running a small business is hard work. But it can also be fun if you love what you do. Personal development is an important element of creating a successful, sustainable business. Use these tips from the online small business community to learn, grow, and love what you do.

Find Joy in Your Business

Lots of entrepreneurs get into business because they love it. However, that feeling can sometimes fade through the years. If you want to build a sustainable company, it’s important to enjoy it at least somewhat. John Jantsch dives into this topic with Shani Godwin in this Duct Tape Marketing post and podcast.

Add Fitness Workouts into a Busy Life Schedule

Taking care of your business requires a lot of time. But it’s important not to neglect your own personal health. Fitness is an important element of healthy work-life balance. Learn how to add fitness workouts in your busy schedule in this Aha!NOW post by Sarun Ravindrad. Then read what BizSugar members had to say about the concept.

Use Empathy When Reaching Out to Your Niche

The ability to understand your customers is essential no matter what industry you’re in. That’s why empathy is such an important quality for entrepreneurs. In this TopRank Marketing post and podcast, Susan Misukanis shares an interview with Nicole Brady to discuss further.

Take These Courses to Start Earning Money from Home

Working at home is an attractive option for lots of entrepreneurs and workers. However, there may be a learning curve for some. Luckily, there are plenty of resources to help. In this post on The Work at Home Woman blog, Holly Riesem Hanna lists the best options.

Choose a Lucrative Niche for Your Startup

It’s important to find a business niche that you love. But it’s also important to find one that can actually succeed. Some industries are better suited right now to making money than others. In this Crowdspring post, Katie Lundin lists steps to find these lucrative niches.

Look to These Resources for Advice

Education is an important part of growing into your role as a business owner. The right resources can make a huge impact on your personal journey. In this Noobpreneur post, the Young Entrepreneur Council offers resource tips for new founders. And BizSugar members discussed further here.

Set Up a Home Workspace That Inspires Productivity

Your workspace can make a major impact on how many tasks you complete throughout the day. This is an often overlooked part of running a business. And it can be even trickier for those who work from home. Luckily, Molly Stovold offers tips in this Process Street post.

Legally Protect Your Side Hustle

Starting a side hustle can be the perfect way to explore a new interest and expand your revenue. But even small business opportunities may come with legal elements. Nellie Akalp explores how side hustlers can legally protect themselves in this CorpNet post.

Be Tech-Forward Without Losing Customer Connections

As a small business owner, your ability to connect on a personal level with customers is key. Technology can make certain types of communication easier. But it sometimes comes with a cost. In this Small Biz Daily post by Kelsey Stuart, learn how to enjoy the best of tech without losing personal connections.

Plan Your Small Business Retirement

Some business owners love their work enough to continue it for a lifetime. Others want to enjoy their retirement. If you fall into the latter category, planning is key. Rick Pendykoski lays out six retirement planning steps for small business owners in this Smallbiztechnology.com post.

If you’d like to suggest your favorite small business content to be considered for an upcoming community roundup, please send your news tips to: sbtips@gmail.com.

Image: Depositphotos

This article, "10 Personal Development Tips to Help You Love Your Small Business Life" was first published on Small Business Trends



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10 Personal Development Tips to Help You Love Your Small Business Life

personal development tips

Running a small business is hard work. But it can also be fun if you love what you do. Personal development is an important element of creating a successful, sustainable business. Use these tips from the online small business community to learn, grow, and love what you do.

Find Joy in Your Business

Lots of entrepreneurs get into business because they love it. However, that feeling can sometimes fade through the years. If you want to build a sustainable company, it’s important to enjoy it at least somewhat. John Jantsch dives into this topic with Shani Godwin in this Duct Tape Marketing post and podcast.

Add Fitness Workouts into a Busy Life Schedule

Taking care of your business requires a lot of time. But it’s important not to neglect your own personal health. Fitness is an important element of healthy work-life balance. Learn how to add fitness workouts in your busy schedule in this Aha!NOW post by Sarun Ravindrad. Then read what BizSugar members had to say about the concept.

Use Empathy When Reaching Out to Your Niche

The ability to understand your customers is essential no matter what industry you’re in. That’s why empathy is such an important quality for entrepreneurs. In this TopRank Marketing post and podcast, Susan Misukanis shares an interview with Nicole Brady to discuss further.

Take These Courses to Start Earning Money from Home

Working at home is an attractive option for lots of entrepreneurs and workers. However, there may be a learning curve for some. Luckily, there are plenty of resources to help. In this post on The Work at Home Woman blog, Holly Riesem Hanna lists the best options.

Choose a Lucrative Niche for Your Startup

It’s important to find a business niche that you love. But it’s also important to find one that can actually succeed. Some industries are better suited right now to making money than others. In this Crowdspring post, Katie Lundin lists steps to find these lucrative niches.

Look to These Resources for Advice

Education is an important part of growing into your role as a business owner. The right resources can make a huge impact on your personal journey. In this Noobpreneur post, the Young Entrepreneur Council offers resource tips for new founders. And BizSugar members discussed further here.

Set Up a Home Workspace That Inspires Productivity

Your workspace can make a major impact on how many tasks you complete throughout the day. This is an often overlooked part of running a business. And it can be even trickier for those who work from home. Luckily, Molly Stovold offers tips in this Process Street post.

Legally Protect Your Side Hustle

Starting a side hustle can be the perfect way to explore a new interest and expand your revenue. But even small business opportunities may come with legal elements. Nellie Akalp explores how side hustlers can legally protect themselves in this CorpNet post.

Be Tech-Forward Without Losing Customer Connections

As a small business owner, your ability to connect on a personal level with customers is key. Technology can make certain types of communication easier. But it sometimes comes with a cost. In this Small Biz Daily post by Kelsey Stuart, learn how to enjoy the best of tech without losing personal connections.

Plan Your Small Business Retirement

Some business owners love their work enough to continue it for a lifetime. Others want to enjoy their retirement. If you fall into the latter category, planning is key. Rick Pendykoski lays out six retirement planning steps for small business owners in this Smallbiztechnology.com post.

If you’d like to suggest your favorite small business content to be considered for an upcoming community roundup, please send your news tips to: sbtips@gmail.com.

Image: Depositphotos

This article, "10 Personal Development Tips to Help You Love Your Small Business Life" was first published on Small Business Trends



via Small Business Trends Business Feeds

In the News: In-Store Shopping is Up Since the Beginning of the Year

In-Store Shopping

The one thing the pandemic has done is decimate in-store shopping. This, in turn, was responsible for a huge uptick in online shopping and delivery. But starting in 2021 that trend was changing as more people ventured out and started shopping in stores. This according to an article titled, In-store Shopping Up 28.5% Since Start of 2021, in this week’s roundup.

According to the report by Zenreach, in-store shopping has been increasing by as much as 28.5% since the beginning of the year. And the shift back to in-store shopping is a good indicator of things turning around, albeit slowly. However, for retailers, this good news is seen as a triumph in a year riddled with one bad news after another. For small retailers, this means preparing for reopening as some businesses switched to only online sales or closed entirely.

This is one of the many articles that address the issues small businesses face on Small Business Trends. While the roundup highlights the top articles for the week, there are many others that are equally as informative on matters dealing with small business.

Take a look at this week’s roundup and get informed on everything from retail trends to where to get loans to buy a business, and ways to improve your customer experience.

 

Small Business News Roundup – April 9, 2021

Here are the rest of the headlines making news for small business owners this week:

43% of Remote Workers Miss the Water Cooler Chats with Co-workers

Impromptu chats at the water cooler are a feature of office work that 43% of co-workers who have been working remotely during the last year miss the most. 36% miss a better workstation or office set-up, while 25% miss eating lunch out the most. 20% of remote workers miss Happy Hour with colleagues.

Smallest Businesses Seeing Slower Sales Since Pandemic

Small businesses with ten employees or less are seeing slower sales since pre-pandemic times. This was the finding of a report by Skynova, online invoicing specialists for small businesses. Skynova surveyed more than 1,000 professionals to find out how digital changes have impacted their business and employees during the health crisis.

Oracle NetSuite Names Ramon Ray as its First Entrepreneur in Residence

Ramon Ray, founder of SmartHustle Media, has joined Oracle NetSuite as its first Entrepreneur in Residence. Throughout history, an Artist in Residence enjoyed the hospitality of a host, while sharing knowledge and experience. Ray said that his background makes him a great fit for Entrepreneur in Residence.

Where to Get a Loan to Buy a Business

When seeking to buy an existing business, you may need to get a loan to cover all or part of the initial purchase. There are plenty of small business financing options to choose from, including SBA loans, bank loans, seller financing, and online options like Fundera and Lendio.

Why Every Small Business Should Practice “Zohonomics”

Companies can be built for other things in addition to making a profit. Executives at Zoho practice what they call “Zohonomics” where they design their growth strategy around humanity instead of just in monetary terms.

10 Perks Companies Can Offer to Boost Employee Morale and Retention

In addition to the position itself, company benefits are one of the most important elements that candidates carefully consider when gauging whether they want to join a company. Once an employee is on board, these perks can also play a role in whether or not an employee chooses to stay and whether they get the sense that the company values their contributions.

Image: Depositphotos

This article, "In the News: In-Store Shopping is Up Since the Beginning of the Year" was first published on Small Business Trends



RSS Business Feeds

In the News: In-Store Shopping is Up Since the Beginning of the Year

In-Store Shopping

The one thing the pandemic has done is decimate in-store shopping. This, in turn, was responsible for a huge uptick in online shopping and delivery. But starting in 2021 that trend was changing as more people ventured out and started shopping in stores. This according to an article titled, In-store Shopping Up 28.5% Since Start of 2021, in this week’s roundup.

According to the report by Zenreach, in-store shopping has been increasing by as much as 28.5% since the beginning of the year. And the shift back to in-store shopping is a good indicator of things turning around, albeit slowly. However, for retailers, this good news is seen as a triumph in a year riddled with one bad news after another. For small retailers, this means preparing for reopening as some businesses switched to only online sales or closed entirely.

This is one of the many articles that address the issues small businesses face on Small Business Trends. While the roundup highlights the top articles for the week, there are many others that are equally as informative on matters dealing with small business.

Take a look at this week’s roundup and get informed on everything from retail trends to where to get loans to buy a business, and ways to improve your customer experience.

 

Small Business News Roundup – April 9, 2021

Here are the rest of the headlines making news for small business owners this week:

43% of Remote Workers Miss the Water Cooler Chats with Co-workers

Impromptu chats at the water cooler are a feature of office work that 43% of co-workers who have been working remotely during the last year miss the most. 36% miss a better workstation or office set-up, while 25% miss eating lunch out the most. 20% of remote workers miss Happy Hour with colleagues.

Smallest Businesses Seeing Slower Sales Since Pandemic

Small businesses with ten employees or less are seeing slower sales since pre-pandemic times. This was the finding of a report by Skynova, online invoicing specialists for small businesses. Skynova surveyed more than 1,000 professionals to find out how digital changes have impacted their business and employees during the health crisis.

Oracle NetSuite Names Ramon Ray as its First Entrepreneur in Residence

Ramon Ray, founder of SmartHustle Media, has joined Oracle NetSuite as its first Entrepreneur in Residence. Throughout history, an Artist in Residence enjoyed the hospitality of a host, while sharing knowledge and experience. Ray said that his background makes him a great fit for Entrepreneur in Residence.

Where to Get a Loan to Buy a Business

When seeking to buy an existing business, you may need to get a loan to cover all or part of the initial purchase. There are plenty of small business financing options to choose from, including SBA loans, bank loans, seller financing, and online options like Fundera and Lendio.

Why Every Small Business Should Practice “Zohonomics”

Companies can be built for other things in addition to making a profit. Executives at Zoho practice what they call “Zohonomics” where they design their growth strategy around humanity instead of just in monetary terms.

10 Perks Companies Can Offer to Boost Employee Morale and Retention

In addition to the position itself, company benefits are one of the most important elements that candidates carefully consider when gauging whether they want to join a company. Once an employee is on board, these perks can also play a role in whether or not an employee chooses to stay and whether they get the sense that the company values their contributions.

Image: Depositphotos

This article, "In the News: In-Store Shopping is Up Since the Beginning of the Year" was first published on Small Business Trends



via Small Business Trends Business Feeds

Katherine Kostereva of Creatio: Low-code No-code Platforms are the Answer to the Growing Automation Challenge

katherine-kostereva- of-creatio-a-about-low-code-no-code-platforms

I spoke with Katherine Kostereva four years ago during her company’s user conference.  Back then the company she founded was named bpm’online, but today the company is called Creatio and has recently raised $68 million to further build out their no-code low-code platform aimed at helping non-IT people use easy interfaces to automate business processes on their own.

Four years ago we spoke about how 80% of companies had not fully automated their important business processes and the impact that was having on productivity and efficiency.  So I was eager to circle back around during a recent LinkedIn Live conversation with Katherine to see where things stand now and how the pandemic might have impacted things.

Below is an edited transcript from a portion of our conversation.  Click on the embedded SoundCloud player to hear the full discussion.

A Whole New Automation World

Katherine Kostereva: What I see today on the market, and honestly, I didn’t see a lot of it four years ago when we talked last time is low-code and no-code disruption that is happening on the market. You love talking numbers, I love talking numbers, let’s talk in numbers. 1.7 billion knowledge workers in the world, all of them use at least one piece of software. For example, in the banking industry, one knowledge worker would use at least 10 pieces of software. So the demand for software apps is huge. And now the number is 500 million apps to be built within the coming few years.

The question is, how can we satisfy this demand? And low-code, no-code is the answer to this question because in Creatio and many other of our peers in the industry, we believe that low-code, no-code will reshape the market and actually give tools to knowledge workers rather than to IT experts to automate their processes. So thanks to this technology, the penetration of business process automation and software apps is going to be a much, much higher within the coming years. We’re all going to see that.

Small Business Trends: So the answer to the lack of process automation is having these low-code platforms help regular folks be able to do it without having to go get help from IT folks?

Katherine Kostereva: That’s what we see every day. That’s what we see with our Creatio customers, marketeers, sales reps, operations, they automate their processes using low-code, no-code tools without IT help, without IT experts. And why that? Because there’s a huge shortage of IT experts in the world. So altogether, they are how many? 100 million IT experts in the world with 25 million coders or software developers. So that’s the number, and 1.7 billion knowledge workers that need actually their work to be automated.

How is it possible? The answer is there is no other way, but to give those tools to those knowledge workers who are going to do the automation, that’s a challenge. The market is being reshaped and the market is being disrupted by the way low-code, no-code technology because there is no other way to satisfy the demand. And the demand is huge because everyone needs those apps to automate their business processes.

The rapidly changing automation landscape

Small Business Trends: One of the things that people talk about a lot, and it’s getting a lot of attention, and rightfully so I think, is RPA (Robotic Process Automation). You talk about low-code, no-code, you talk about RPA, and then you have intelligent process automation (IPA) because sometimes it gets confused a little bit with certain folks. How does all of this work together? How does low-code, no-code and RPA and IPA, how does that all work together to actually help regular business folks, for instance?

Katherine Kostereva: So let’s talk about the low-code, no-code market in general and then about RPA as a part of it, okay?

Small Business Trends: Okay.

Katherine Kostereva: The market in general today is like $20 billion, maybe the global low-code, no-code market with the prediction to get to $200 billion in eight years from today. So the growth rate is unbelievable, like one of the highest growth rates on the software market, actually. The market currently is fragmented. Although segments are starting to be shaped. So different segments are appearing right now. RPA is one of those segments. Spreadsheet applications like Smartsheet, for example, Airtable would be another segment of low-code, no-code apps. Another segment would be API integrations, like Zapier, for example. Another example would be BPM (Business Process Management) low-code, no-code like Creatio, for example.

So all the different types of low-code, no-code apps are emerging. And they come from different use cases. For example, this RPA example that you gave would be a very different use case than Smartsheet use cases, or than Creatio use cases when we automate business processes on the front office operations and middle office operations. So very different use cases, but all of them do one big thing, let knowledge workers automate their business processes on the fly and change them at an accelerated speed.

Low-code no-code and Customer Experience

Small Business Trends: So how do you see those folks being able to leverage this low-code environment in customer experience and customer engagement, things of that nature?

Katherine Kostereva: I would love to talk about that. So what are the standard use cases for Creatio? Our customer can choose Creatio just for one single small business process with, I don’t know, 20 people involved into this process. They build this, let’s say customer onboarding. Customer onboarding is a great example. So they build customer onboarding process on our platform, and then they start expanding it inside their organization.

So those knowledge workers, who we call citizen developers, they take our app and they start using it for multiple different processes, lead management, lending. If it’s financial services, debt collection, customer retention, contact center automation, you name it. So the list goes on and on and on.

Let’s take for example, Salesforce automation. There are so many different types of sales processes; direct sales, enterprise sales, transactional sales, channel sales, field sales, like all these new types of processes. And then when we take one of them, let’s say channel sales, channel sales would be a reference agency sales or integrator sales. All are different types of business processes that need to be automated somehow.

And this is not a rare situation, Brent. That’s actually what I meant when we talked four years ago, when we’d come to their organization and they have one, or two, or three, or even five processes automated, but they have other five processes that haven’t been touched yet and they need to be automated. So that’s what I’m talking about like to… Let me put it this way, Brent, every company today is becoming a software company. Especially with the pandemic, especially with acceleration that we’ve seen, every company is becoming a software company, and every company wants to own their technology.

When I say own, I mean being able to change and adapt and do whatever they need with this technology. So, to give those tools to our customers, that’s the biggest privilege that we see here at Creatio, and the same to our peers.

No-code Low-code is the new black for automation

I want to circle back to this number, 500 million apps that need to be built within a few years and 25 million software developers. There is no way that this demand can be satisfied only by software developers. It’s just impossible. No way that it will be done in a traditional way.

Low-code, no-code is a new way of automation. And that is why, what I strongly believe, and actually that there was another interesting analytics from Gartner, 65% of enterprise software by 2024 will be built on top of the low-code, no-code platform, and will use the elements of low-code, no-code. So that’s definitely the enterprise market disruption that we’re seeing, and Creatio is very excited to be a big part of this disruption and market change.

READ MORE:

This article, "Katherine Kostereva of Creatio: Low-code No-code Platforms are the Answer to the Growing Automation Challenge" was first published on Small Business Trends



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