Legal Tips Entrepreneurs Need to Know to Start a Business

If you’re thinking about starting your own business or if you’ve recently done so, then you probably already know that there are things that need to be considered. More specifically, legal issues that need to be decided in order to protect what you are growing and creating.

In this episode, Nellie Akalp, CEO of CorpNet.com, joins Anita Campbell to share her advice on issues such as various forms of legal entities, what business structure goes best with which business and why forming an LLC or an Inc. is necessary.

Below are the questions we asked Nellie:

• (3:53) Nellie, can you tell us a bit about yourself and your background?


• (7:40) So you and your husband are trained as attorney’s, but you sound like quite the entrepreneur.  Was there that lure of business that was always driving you? 


• (9:29) For anyone who doesn’t know, a service like CorpNet.com provides a document preparation service, not an actual legal service like a law firm provides, correct?


• (11:27) Say I’ve decided to start a business and I have a business name, how do I make sure that someone else is not already using that business name?


• (14:56) Let’s talk about why you should create a corporation or an LLC (Limited Liability Company).  Why should you go to the extent of creating a legal entity?


• (18:22) Given the choice, how do we know which one to choose?  LLC, S Corp or C Corp?


• (24:44) You mentioned venture capital backed businesses.  If they incorporate or go with the LLC structure, they are very particular about what state they go under.  Where should you form your corporation or LLC?  In your home state, or is there some advantage to picking a particular state?


• (29:23) Where can people learn more?

* * * * *

Listen to Nellie’s full interview NOW by clicking the red and yellow player below

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Vancouver Canucks Loses Stanley Cup, Fans Start Riot

Tonight was game 7 of the Stanley Cup finals between the Vancouver Canucks and the Boston Bruins. Playing in Vancouver, fans had high hopes for their first ever Stanley Cup victory. However, like they’ve done so many times in the past, the Canucks let them down again by losing to the Bruins 4-0. Then a riot broke out. Right now, as I am writing this post, they’re still rioting on the street. There are cars on fire and looting all over downtown.

I’m not really shocked that the Canucks lost. They have a history of building up their fans’ hopes to a fever pitch and then slapping them down with a huge disappointment. I guess I really shouldn’t be shocked at the rioting either. After all, this happened 17 years ago when the Canucks lost to the Rangers in game 7. You think people would learn from history, but I guess they just repeat them.

I know I’m going to get comments that those rioters were not Canucks fans. I’m sorry, but they are Canucks fans. They wore the jerseys. They cheered on the team and they started a riot when the team lost. Sure, it may have been a small number of trouble makers but don’t go making excuses that they were not fans.

I was disappointed when the Canucks lost, but I’m more disappointed by the Vancouver Canucks fans. I can see why they’re considered the worst hockey fans in the league. They gave the best city is a world a huge black eye tonight. I guess it’s a good thing the Canucks don’t make it to the final too often. Once every 17 years is more than enough.

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