Philip Akalp will change the way small businesses think about legalizing their business, as he scurries away falsities of Incorporating and forming LLC’s, while sharing many key advantages. Experience level: Intermediate Target audience: Affiliates/Publishers Niche/vertical: Legalizing Business Philip K. Akalp, CFO, Corpnet.com (Twitter @Corpnet)

1. Affiliate Summit West 2011 Make It Legal! Advantages of Legalizing Businesses Philip K. Akalp, Esq. C.F.O, Corpnet.com

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3. Business Structures Business Structures This is NOT LEGAL ADVICE. Topics are intended for discussion only. No Special Relationship (such as attorney-client) is being formed with you as a result of this presentation and discussion. Any similarity of facts or names herein to actual persons or companies is coincidental. Sole Proprietor General Partnership C Corporation S Corporation Professional Corporation Nonprofit Corp Limited Liability Company Formation No filing required No filing required State filing required State filing required State filing required State and federal filings required State filing required Limited personal liability No No Yes Yes Yes, except for own malpractice Yes Yes Transferability of interest No No Yes Generally Limited Generally Limited N/A Yes, Often Limited Duration Until withdrawal or death of owner Unlimited Unlimited Unlimited Unlimited Unlimited Unlimited Pass-through taxation Yes Yes No Yes No Tax Exempt Yes, unless election Ability to raise capital Not as separate entity Yes Yes Yes, but shareholder limits Yes Yes, through donations and grants Yes Limitations on number of owners Yes No No Yes No, but all owners must be part of same profession N/A No

18. Corporations are GREAT for protecting assets Let’s talk about Business Liability This is NOT LEGAL ADVICE. Topics are intended for discussion only. No Special Relationship (such as attorney-client) is being formed with you as a result of this presentation and discussion. Any similarity of facts or names herein to actual persons or companies is coincidental. © Corpnet, Incorporated 2010-2011. All Rights reserved

21. The Top 10 Worst Infomercials This is NOT LEGAL ADVICE. Topics are intended for discussion only. No Special Relationship (such as attorney-client) is being formed with you as a result of this presentation and discussion. Any similarity of facts or names herein to actual persons or companies is coincidental. © Corpnet, Incorporated 2010-2011. All Rights reserved

22. FTC Disclosure Requirements Old Guidelines “ Results not typical. Your actual results may vary.” This is NOT LEGAL ADVICE. Topics are intended for discussion only. No Special Relationship (such as attorney-client) is being formed with you as a result of this presentation and discussion. Any similarity of facts or names herein to actual persons or companies is coincidental. © Corpnet, Incorporated 2010-2011. All Rights reserved

23. FTC Disclosure Requirements NEW Guidelines The ad must disclose the “ Results that consumers CAN GENERALLY EXPECT.” This is NOT LEGAL ADVICE. Topics are intended for discussion only. No Special Relationship (such as attorney-client) is being formed with you as a result of this presentation and discussion. Any similarity of facts or names herein to actual persons or companies is coincidental. © Corpnet, Incorporated 2010-2011. All Rights reserved

39. Where to Incorporate This is NOT LEGAL ADVICE. Topics are intended for discussion only. No Special Relationship (such as attorney-client) is being formed with you as a result of this presentation and discussion. Any similarity of facts or names herein to actual persons or companies is coincidental. © Corpnet, Incorporated 2010-2011. All Rights reserved

46. S Corp – Only One Class of Stock? This is NOT LEGAL ADVICE. Topics are intended for discussion only. No Special Relationship (such as attorney-client) is being formed with you as a result of this presentation and discussion. Any similarity of facts or names herein to actual persons or companies is coincidental. © Corpnet, Incorporated 2010-2011. All Rights reserved

49. The LLC – Asset Protection for Owners This is NOT LEGAL ADVICE. Topics are intended for discussion only. No Special Relationship (such as attorney-client) is being formed with you as a result of this presentation and discussion. Any similarity of facts or names herein to actual persons or companies is coincidental. © Corpnet, Incorporated 2010-2011. All Rights reserved

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