Nellie Akalp

    Nellie Akalp's Articles

    • To-Dos When Starting a Part-Time Business

      So you’re not ready to quit your “day job,” but you want to start a business? Many entrepreneurs dip their toes to test the waters by launching their businesses part-time. In some ways, it’s the best of both worlds; you pursue your dream of business ownership while still bringing home a steady paycheck.Although there are some considerations unique to starting a business part-time, you’ll find other aspects are the same as when starting a company full-time.For example, you have to take the necessary steps to operate your business legally.Make Sure you can Legally use your Business NameEither check your state’s…

    • Ten Tips For Creating A Business Name

      Creating a business name is one of the most exciting and important startup tasks that entrepreneurs must tackle. The name you choose for your business will serve to distinguish you from your competitors and give customers insight into the experience they will have with your company.You will want to get it right and follow the necessary steps to ensure you have legal rights to use your name before you start publishing it on all of your documentation and marketing materials.Tips to Help You Create and Protect Your Business Name1. Consider the Brand Personality You Want Your Name to ProjectHow do…

    • LLC Or Corporation: Which Has Better Tax Benefits For Investors?

      If you’ve already put changing your business structure on your New Year’s Resolutions list for 2015, kudos to you. The right business structure can not only protect your personal assets but also give you some relief come tax time.The two most popular business structures for small businesses — the LLC and the corporation (specifically the S Corp) — have some fantastic tax benefits. But which have the best benefits for your business?The Perks of the LLCLLCs have a few less rigid requirements than corporations, and don’t require having a Board of Directors. Taxwise, the LLC can be treated as a…

    • 5 Signs Your REI Investing Is Ready To Be A Business

      You’re passionate about your real estate investing , whether that’s flipping or landlording. And maybe you’ve started to make a little money selling these house or cash flowing from rents. So when should you take your real estate investing to the next level and build a real business?Here are five signs that it’s time to take your real estate investing up a notch.You’re Super Busy Doing DealsYou might have started out just searching the MLS every night for the perfect deal, but now you can’t keep up with all the leads from your ads or other investors. If your real…

    • What Investors Need To Know About Business Licenses

      If you’re thinking about starting a business, you’ll have a long list of things to take care of. But don’t miss out on one of the most important: filing your necessary business licenses. If you don’t know what kind of business license you need or where to get one, you might be tempted to just skip it altogether.Here we’ll look at important details that will help you file your business license.First Step: Register with your StateBefore you can do anything else, you’ve got to register your new business with the state. In essence, this step provides a legal foundation for…

    • What Is Crowdfunding?

      Now that the dust has settled a bit on this thing called crowdfunding, more real estate investors and small businesses are starting to look at it as a viable alternative to traditional loans or funding from venture capitalists, banks, mortgage companies and private lenders.Wait, What is Crowdfunding?When an investor or a company wants to raise money, such as to open a second location or purchase an Apartment Complex, they can use crowdfunding to do so. That means that they post a project on a crowdfunding site like KickStarter and invite their network to participate.Regular joes — folks like you and me…

    • 5 Free Ways To Alleviate New Investor Stress

      Truth: Getting started in real estate investing and help it grow is not a stress-free endeavor. In fact, if you can’t handle stress well, you might not succeed as an real estate investor or entrepreneur. But before you throw in the towel, try these 5 techniques that can bring down your blood pressure. Best of all, they’re totally $FREE$.1. Drink a CuppaSo many of us rely on coffee to get us through our day, but tea is where it’s at. Rather than sending us jittering through our day, certain teas like chamomile and lavender can calm us down and help…

    • Will Your Investing Business Help Reduce Your Taxes?

      But let’s say you started a business and it didn’t make any money. That might be bad news for your wallet, but could potentially help you come tax time.The IRS lets you write off the loss from a business on your personal tax return. For example, if you have a regular “day” job, you can use the loss from a side business or your real estate investments to offset your W2 or other income (and thus, lower your overall tax bill for the year).Does this mean you should go through the effort of creating a business just so you can…

    • Getting Your Real Estate Business Legal

      For real estate investors who want to start a business, they’re adding more to their existing to-do lists. In addition to finding properties, working with realtors & sellers, and managing rehabs or closings you now have to register your business, choose a name, set up a site…the list goes on and on!I have made a career for myself out of helping entrepreneurs in their journey to starting a business. The biggest decision you’ll make in legalizing your business is choosing what type of business entity works best for your brand. Here’s an overview of your options:Corporation (C Corp or S…

    • How Investors Balance Personal & Professional Lives on Twitter

      Social media often blurs the lines between personal and professional, and nowhere is this truer than the very public world of Twitter. If you’re like many users, Twitter is a space to connect with friends and develop your online brand.Figuring out how to balance these two worlds can challenge even the most socially savvy. You don’t want to share a personal detail that might negatively impact you at work or your real estate investing business. On the other hand, you don’t want to bore everyone with a robot-like account that can only discuss business matters.If you’re trying to find the right balance between…

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