October 22, 2009
“I know my idea could make millions, if I could just get people to see it” “How do I get my invention on TV ? “ “I have the next big thing that everyone is going to want!! How do I get it out there to the public?”
These are some of the most commonly asked questions we receive from inventors and entrepreneurs. It’s the BIG question – once you have a great idea, HOW do you get it on QVC or the Home Shopping Network or one of the new investor reality shows like Shark Tank? HOW do you get word out to the public that you have what they want?
At www.corpco.com we were curious too – if “backward robes” and “doggy manicure” products are selling like hotcakes, there must be a huge need for cool and unique products to be offered to the public.
So we started doing some research and what we found, were the TOP 5 things an entrepreneur should be doing, to promote and market their idea/product to hit the BIG TIME with it!
1. Offer the RIGHT product/service – One of the most important things you must do when working to promote your “must have” product, is be able to show WHY everyone NEEDS it and needs it NOW! Just because you think your idea is brilliant doesn’t mean that the general public will agree with you. Do research and see what other similiar products are already out there (or ideally NOT already out there) and ask for feedback from trusted friends and colleagues – you don’t need to divulge all the specifics of your idea, but paint enough of a picture so that people can give you good, “real” feedback on whether they would use a product or service like that or why they wouldn’t use it/what they would rather see/have …. and then adapt your idea/concept to fit people’s needs. You will waste lots of time if you don’t take the time, to properly research what is already out there and what people are looking for.
2. Use the internet to find out the requirements for submitting your idea BEFORE you submit it - The internet is an amazing tool that truly allows you to get “inside information” and “step by step” instructions for submitting ideas to QVC, the Home Shopping Network, etc. Take the time to research this information before you start wildly submitting your product/idea to everyone whose name and email address you are able to access. There are normally different people handling different types of products at every tv station, investment group or marketing firm. You want to make sure you are submitting your idea to the right department rather than wasting weeks waiting for a response that will never come, because the wrong person received your information (and probaby threw it away). There may also be manufacturing requirements, price point restrictions, etc. that will need to be addressed and able to be presented/backed up, at the time you submit your concept or product. DO YOUR RESEARCH!
3. Be able to talk to the talk – Let’s face it, just because you came up with the idea and are passionate about it doesn’t mean that you are the best person to promote it. Create detailed presentation scripts of varying lengths so that you will have the right pitch for a 3 minute presentation or a 30 minute presentation. Have a friend video tape you giving your presentation (before you take it out on the road) so that you can see what you really look like and how you sound to other people. This is critical and allows you to fine tune what you are saying, how you are saying it or even IF you should be saying it. Don’t be too proud to be able to step back and have a partner who is the “charismatic and charming one”, responsible for face to face presentations (there is nothing wrong with being the brains of the operation and leaving the beauty to someone else). First impressions are huge and a less than powerful, confident presentation can make the difference between being taken seriously and being taken to the door.
4. Protect your idea and your liability – It happens more than you may want to admit – you come up with an incredible “million dollar” idea and the next thing you know someone else is promoting it on QVC or selling it in your local Walmart or Target! Trademarking an idea or concept, applying for a Patent and/or incorporating a company or LLC to separate you from your product for liability reasons (as well as for tax benefits) are key things to look into and pursue. Visit www.corpco.com for more information on the benefits of incorporating, FAQ’s, pricing information and more.
5. Be FEARLESS and have a thick skin – Anyone who has ever succeeded in getting investors for their new product or succeeded in getting their item promoted on tv will tell you the same thing – you will hear “NO” a thousand times and you can’t take it personally. You must be able to immediately dust yourself off and move on to the next person or investment group or organization and start over with your promotional presentation. There is no time for pity parties and whining! Those who succeed do so because they will not give up, have undying passion and belief in what they have to offer, and refuse to let an obstacle stand in the way of their dream. Take constructive criticism and advice and learn from it, but don’t let negative people bring you down or squash your enthusiasm for what you have to offer. Be confident, fearless, focused and committed. It’s funny how the “luckiest people in the world” always seem to possess these same things ……. these things and a lot of hard work, of course. GOOD LUCK!
Alison Kochie
Marketing Director, CorpCo
www.corpco.com
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August 6, 2009
The SBA’s Small Business Resource Guide is out and features CorpCo and their incorporation, registered agent and document retrieval services.
The Guide, which includes topics such as:
What type of business should I form?
Is Entrepreneurship for me?
Logistics of starting your business (Business Licenses, Fictitious Names, etc.)
Sales Tax Exemption
IRS web products for small businesses
Getting Approved for Financing
Lender and Financing Resources
Contact www.corpco.com for your copy of this “must have” guide for entrepreneurs and small business owners!
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June 23, 2009
Incorporating…It’s What We Do
There are many service companies out there who advertise incorporation services along with a wide variety of other services. For example, they may offer preparation of legal documents such as wills or contracts and in addition to those services, they may assist you with the drafting and possibly with the filing of incorporation documents. This is not true at CorpCo. When you contact CorpCo, you get a company offering a plethora of services, but can rest assured knowing that the wide array of services relates only to Incorporating. This allows us to focus only on your company and apply our expertise in the field without having to turn around and work on something else that is totally unrelated to Incorporating your company.
Corpco does it better! Here’s why:
* When you call you CorpCo you will not get recordings, you will always get a live representative that is highly trained with years of experience.
*Our office is located in the incorporating capital, Delaware
*It is owned by attorneys with over 55-years of combined experience!
*The staff is willing to help and answer all questions, easy to talk to, friendly, and has a true enthusiasm for the incorporating business. They know everything there is to know about incorporating!
*CorpCo will not ‘zoom’ through your order, we make sure everything is done efficiently so that there will be no mistakes to go back and correct!
*CorpCo is better than other leading companies because of the staff’s continuing interest in your company.
If you have any other questions on why you should use CorpCo to Incorporate your company, feel free to give us a call today at (302) 652-4800 or visit us at www.corpco.com And remember, Incorporating….It’s what we do!
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June 18, 2009
By Adam Zewe
Community News
Posted Jun 16, 2009 @ 02:15 PM
Last update Jun 17, 2009 @ 03:23 PM
No one would hire Daniel Seddiqui when he graduated from the University of Southern California with a degree in Economics three years ago, so the Los Altos native decided in August to make his own break by working 50 jobs in 50 states over 50 weeks.
This week, number 39 for Seddiqui, he is working at CorpCo (www.corpco.com ), a Brandywine Hundred firm that helps national and international firms incorporate in the U.S.
He has worked as a border patrol agent in Arizona, a stilt walker in Florida and a bartender in Louisiana, but Seddiqui, 27, said there is something special about the First State.
“It feels like one big small town,” he said. “Delaware is in the middle of everything.”
Seddiqui met Gov. Markell on June 16 and said any state where an ordinary person can meet the governor is OK by him.
| Seddiqui’s Job HighlightsWeek 3: rodeo announcer in Souix Falls, S.D.
Week 12: logger in Medford, Ore.
Week 23: cheesemaker in Theresa, Wis.
Week 31: high school football coach in Birmingham, Ala. |
He has found work by Googling companies and making phone calls as he crisscrossed the nation, he said, and selects jobs that are synonymous with the state he is visiting. CorpCo is only his third office job and he said he is finding the work a bit hard to grasp.
“There is a lot of paperwork, a tricky software program and follow-through, but he is making progress,” said CorpCo’s marketing manager Alison Kochie.
Though Seddiqui said his worst job was at an auto repair shop in Detroit that was robbed at gunpoint.
The CorpCo job has taught him a lot about incorporation and business laws and Seddiqui plans to use that knowledge when he someday becomes an entrepreneur. He said he’d like to start a company that helps young people find jobs that fit them — something he missed when he first searched for a career.
But he said his cross-country adventure is much more than a publicity stunt.
“There’s so many things you don’t know unless you do it yourself adn that’s what this project is all about,” he said.
Next week, he will move on to Lancaster County where he will make furniture with an Amish family before moving on to New Jersey, New Hampshire, Maine, Alaska and Hawaii then returning to California for his final job.
He is chronicling his travels on LivingTheMap.com and is also writing a book about his adventures.
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February 11, 2009
Do you know someone who has lost their job recently?
Or maybe you know someone who is worried about losing their job?
Maybe it’s even you?
In these uncertain economic times pretty much everyone knows someone who has been laid off, or has been directly affected themselves, by the loss of a job. To help add extra money to their family’s monthly income many people are considering starting and incorporating their own business and CorpCo can help you do that!
Whether you have an existing business or you are interesting in starting a brand new business, NOW it’s the time to look into incorporating both for liability protection and for tax advantages.
CorpCo is a leader in the world of small business – www.corpco.com – providing incorporation and LLC filing services in all 50 states, as well as registered agent services in all 50 states. With CorpCo, you can form a corporation or LLC in ANY state, regardless of whether you actually live there – Delaware and Nevada are two popular choices. While CorpCo is a service company and not able to offer to provide legal advice, we are owned by attorneys and have over 30 years of experience in filing corporate documents and helping entrepreneurs gain peace of mind by incorporating.
We always encourage you to seek the advice of your accountant or attorney when making the decision to incorporate, but once you’ve made that decision your next step is to contact CorpCo! Visit us on the web at www.corpco.com or contact our office and speak with one of our friendly and knowledgable incorporation specialists – we are here to help you incorporate your business quickly and inexpensively, and to get it done right the first time!
Contact us today and let us know you saw this BLOG post – we’ll give you a free gift when you mention it, when your incorporation is filed!
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December 29, 2008
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REMINDER! If you have not yet filed your Delaware Annual Report and Franchise Tax YOU MUST DO IT BY MARCH 1st, 2010 to avoid penaties and interest! www.corpco.com/delaware-company-renewal/
Delaware corporations and LLC’s must file an annual report every year, in order to remain in GOOD STANDING with the State office. Corporation’s reports are due on or before March 1st and LLC filings are due on or before June 1st.
For CorpCo clients – Delaware Corporation Reports will be mailed out the end of December
For CorpCo clients – Delaware LLC Notices will be mailed out the end of March
Reports are required to be filed/paid online hrough the Delaware Secretary of State’s website at http://corp.delaware.gov/paytaxes.shtml
Delaware corporations and LLC’s must also maintain a Delaware address to remain in good standing with the State of Delaware. For CorpCo clients, your Delaware Registered Agent renewal will be included in your Delaware Annual Report mailing.
If you would like CorpCo to act as your Registered Agent please use our online order form at www.corpco.com or contact our office at 302-652-4800 or info@corpco.com
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Dissolution Reminders
Delaware Corporations and/or LLC’s wishing to dissolve their companies MUST FILE PAPERWORK WITH THE DELAWARE SECRETARY OF STATE !
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If your Delaware company is ceasing operations and closing down, it MUST file dissolution/cancelation paperwork with the State’s office in order to properly complete the process.
The dissolution/cancelation filing requires all past and current taxes be paid and a Certificate of Dissolution/Cancelation executed and filed with the State Office.
Contact CorpCo to have our office assist you with the filing. The ”STANDARD” cost to dissolve a Delaware corporation in 2009 is $344.02. The ”STANDARD” cost to cancel a Delaware LLC in 2009 is $745.72. HOWEVER your fees may vary depending on whether or not your company is up to date with the State office. Please contact our office for specific fees for your company! 302-652-4800 or info@corpco.com
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September 2, 2008
9/8/2009 – UPDATE!
Arkansas business owners are the latest to be targeted by these deceptive solicitations. When receiving mail from a company calling itself “Corporate Compliance” or “Compliance Services” please be aware that while “official looking”, these solicitations are NOT from a legitimate state or government agency and are NOT required to be completed/returned/paid for.
Please contact CorpCo www.corpco.com with any questions regarding the legitimacy of any mail received which requests corporate minutes to be filed and/or fees paid for filing of annual minutes.
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If your company is incorporated or registered to conduct business as a foreign corporation or LLC in Texas, California or Nevada, you may have been targeted by these filing scams. The scam consists of a solicitation letter warning you that your annual minutes have not been filed with the “corporate compliance” office and offer to take care of this for you, for a fee of $99 or $125.
This is not a requirement from the State office and these letters are NOT official. By responding to these letters and/or sending payments in response to them, you receive nothing in return and in some cases your registered agent information may be changed or removed from the state’s records.
At CorpCo www.corpco.com we encourage all of our clients to contact us when they receive any unusual or unexpected documents that require a filing fee. We can quickly and easily confirm whether or not the letter/request is legitimate. Please contact our office for more information or any questions regarding this topic! www.corpco.com
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July 9, 2008
UPDATE 9/8/2009 -
Changes in Franchise Tax
The following changes which were included in legislation that was passed by the General Assembly and signed by the Governor are effective for the 2009 tax year:
- The maximum franchise tax due for a corporation will increase from $165,000 to $180,000.
- Corporations that file on the Assumed Par Value Capital Method will increase from $250 to $350 per $1,000,000 of total taxable gross assets.
House Bills 519 and 520 were passed June 30, 2008. This will increase taxes as shown below.
- LLC taxes increased from $200 to $250
- Domestic Corporations taxes increased as follows:
1-5,000 shares = $75;
5,001-10,000 shares = $150;
each additional 10,000 shares = $75
- Foreign Annual Report filing fee from $60 to $100
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September 6, 2007
Welcome to CorpCo’s BLOG! We created this BLOG to help answer some of the many questions people have when they take that next step to incorporate their businesses. Whether you need help deciding if you should form a new corporation or LLC, you’re not sure of which state to incorporate in, or if you need more information about what a registered agent is, the answers are here!
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