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About Us
THE MISSION
The Mission is to unite the American people , across all backgrounds. to harness our collective financial power and build a stronger, more equitable future for the children of our nation. By working together to create opportunities, promote financial literacy and invest in the well-being of the next generation. We strive to make sure that every America Citizen has the resources, support, and foundation needed to thrive. Together we are creating a future where prosperity, opportunity, and success are within reach for every American.
THE GOALS
Our goal is to create a financial system that empowers every American, regardless of class, to achieve long-term financial stability. By providing accessible resources, personalized guidance, and innovative solution’s, we aim to break down barriers to financial success and build a foundation where everyone has the opportunity to thrive. Through education, support, and community-driven efforts. We strive to ensure financial well-being for all, fostering a stronger and more equitable future.
Where We're Starting
We will begin by building a strong foundation of trust with our customers, offering transparent, reliable, and accessible financial services tailored to meet your unique needs while ensuring compliance with all industry regulations. We will start where no one else has. So many have had the opportunity to help the American People gain financial stability, but have chosen to watch generation struggle instead.
Putting money in the hands of American Businesses and the homes of American Citizens.
Individuals
Empower yourself through financial education and gain a deeper understanding of how to harness and optimize your financial potential.
Gaining a comprehensive understanding of your financial situation.
Devise a tailored financial strategy that aligns with the needs and goals of yourself and your family.
Restoring credit can be a nuanced and labor-intensive endeavor; however, we have chosen to adopt a more innovative approach. It is crucial for consumers to grasp several fundamental principles in order to maintain sustained financial well-being. Below are key actions that consumers should consistently undertake to ensure long-term fiscal health:
Review Your Credit Report: Begin by obtaining a copy of your credit report from all three major credit bureaus—Equifax, Experian, and TransUnion. Consumers are entitled to a free report annually from each bureau through AnnualCreditReport.com.
Understand the Factors Influencing Your Score: Your credit score is shaped by several key elements: payment history (35%), amounts owed (30%), length of credit history (15%), types of credit used (10%), and recent credit inquiries (10%).
Patience is Essential: The process of credit repair is gradual. Negative items can take years to be removed from your report, but the focus should be on consistently fostering positive credit habits to build long-term improvement.
Regularly Monitor Your Credit: After initiating credit repair efforts, it is crucial to monitor your credit report consistently. This allows you to track progress, identify improvements, and promptly address any discrepancies or errors that may arise.
Repairing creditworthiness is closely tied to improving your credit score, but it also involves addressing broader financial habits and strategies that reflect your ability to handle credit responsibly. Consumers should understand that creditworthiness encompasses not just the score, but how lenders view your financial behavior and risk. Here are the key things consumers should know about repairing their creditworthiness:
- Know What Impacts Creditworthiness
- Addressing Negative Marks on Your Credit Report
- Establish a Record of Timely Payments
- Reduce Your Debt and Maintain Low Credit Utilization
- Work to Build Positive Credit History
- Avoid High-Risk Financial Behaviors
- Monitor Your Credit Regularly
- Build an Emergency Fund
- Be Patient and Consistent
When planning for repairing credit, consumers should take a structured, methodical approach to improve both their credit score and overall financial health.
- Assess Your Current Credit Score
- Create a Budget and Track Your Spending
- Reduce Credit Card Balances (Credit Utilization)
- Avoid Opening New Credit Accounts
Taxes manifest in various forms, including income tax, sales tax, property tax, and excise taxes (levied on goods such as fuel and alcohol). It is essential to understand the specific taxes that pertain to your income, purchases, and assets in order to navigate your financial obligations effectively.
Income Tax: This tax is levied on earnings derived from wages, salaries, self-employment, investments, and other income sources. It is typically withheld by employers from paychecks or paid directly by self-employed individuals.
Sales Tax: Sales tax is applied to the purchase price of goods and services, with rates varying across states, counties, and municipalities.
Property Tax: Property taxes are assessed on the value of real estate or other taxable property owned by individuals. These taxes are generally imposed by local governments.
Capital Gains Tax: This tax applies to the profit realized from the sale of assets, such as stocks, bonds, or real estate. Long-term capital gains—those derived from assets held for over a year—are typically taxed at a more favorable rate compared to short-term gains.
Social Security and Medicare Taxes (FICA): These payroll taxes fund the Social Security and Medicare programs and are automatically deducted from employees’ paychecks.
Estate and Inheritance Taxes: Estate taxes are levied on the total value of a deceased person’s estate, whereas inheritance taxes are paid by individuals who inherit property from the estate.
Retirement Accounts: Contributions to retirement accounts such as 401(k)s or IRAs can reduce your taxable income. Plan your retirement contributions to take advantage of tax-deferred growth.
Education Savings Accounts: Consider using accounts like 529 plans for educational savings, as these can offer tax benefits, including tax-free withdrawals for qualifying educational expenses.
Tax-Advantaged Investments: Investments in certain vehicles, such as Health Savings Accounts (HSAs) or municipal bonds, can provide tax advantages.
Remain Informed: Tax legislation is subject to frequent revisions, making it crucial to stay abreast of new regulations, credits, and deductions that may impact your financial situation. This encompasses adjustments to tax brackets, modifications to allowable deductions, and credits available for specific life events, such as marriage, the birth of children, or home purchases.
Tax Software or Professional Assistance: While many individuals rely on tax software to facilitate the filing process, more complex financial circumstances may necessitate the expertise of a certified tax preparer or accountant to ensure accuracy and optimal tax planning.
Business
Launching a business is the straightforward part; it is the subsequent challenges and decisions that will ultimately determine its success or failure.
Choose the Right Structure
Selecting the appropriate legal structure for your business (LLC, C Corp, etc.) is a crucial decision, with long-term implications for taxes, liability protection, funding, and financial stability. Factors such as tax obligations, industry specifics, and personal liability protection must be carefully evaluated to ensure the business operates efficiently and in compliance with regulations.Build Credit
Establishing strong business credit is essential for securing loans, contracts, and building trust with investors. Solid credit enhances financial opportunities, improves supplier relationships, and protects your personal credit score by keeping business and personal finances separate.Develop Branding
A strong brand identity is key to gaining customer trust and loyalty. Consistent fulfillment of promises creates a reliable image that encourages repeat business and referrals, fostering long-term growth.Build a Social Media Presence
With billions of active users, social media offers an unparalleled platform for cost-effective marketing, customer engagement, and brand growth. Leveraging influencers, gathering feedback, and staying ahead of competitors can significantly enhance outreach and visibility.Build SOP and Systems
Effective Standard Operating Procedures (SOPs) ensure clarity in roles and responsibilities, helping employees meet expectations and maximize productivity. Well-structured systems prevent confusion and foster organizational success.Differentiate from the Competition
In a competitive market, standing out is essential. By offering unique value or improvements over competitors, businesses can attract and retain customers, ensuring sustained growth and relevance in the market.
- Hiring Employees
To hire employees, business owners must first obtain a Federal Tax Identification Number (EIN) from the IRS, as Sole Proprietorship and Partnership owners are not considered employees of their business. Corporations and LLCs also need an EIN. It is required for payroll taxes and business registration, which may be necessary even before hiring employees, especially for opening a business bank account.
Additionally, businesses must register for payroll taxes at the federal, state, and sometimes local levels. These taxes may include federal and state income tax, unemployment insurance taxes, Social Security, and Medicare. Employers are responsible for some of these taxes, while others are withheld from employees’ paychecks. The process can be complex, but services like CorpNet can assist in navigating the requirements.
- Limit Personal Liability
Sole Proprietorships and General Partnerships do not separate the owner’s personal assets from the business, meaning personal property is at risk if the business faces financial trouble or legal issues. To limit personal liability, entrepreneurs can form an LLC or Corporation, which are distinct legal entities that protect the owners’ personal assets from business debts and lawsuits. LLCs and Corporations are established by submitting state-specific registration paperwork. It’s advisable to consult legal and accounting professionals when choosing the right business entity. Services like CorpNet can assist with the registration process.
- Expanding into Additional States
When an LLC or Corporation expands into other states, it must go through Foreign Qualification, which involves filing a Certificate of Authority with the Secretary of State in the new state. This process allows businesses to operate without forming a new entity. Additionally, the company must appoint a registered agent in each state where it operates, to handle legal documents. Businesses also need to comply with state and local licensing requirements, including sales tax registration if selling taxable goods or services. CorpNet can assist with foreign qualifications, finding a registered agent, and managing business license compliance across states.
- Starting a New Line of Business
When a business introduces a new line or wants to operate under a different name, it can file a DBA (Doing Business As), also known as a fictitious or trade name. Sole Proprietorships and Partnerships use DBAs to market under a name other than the owner’s, while LLCs and Corporations use them to run multiple businesses under one entity. Filing a DBA involves paperwork and fees, and it’s important to do a business and trademark search to avoid name conflicts.
A business name is protected within the state when forming an LLC or Corporation, but this doesn’t prevent others from using the name as a DBA. To fully protect the name, businesses must register it as a trademark with the USPTO, granting exclusive rights across all states. Entrepreneurs should check for existing trademarks before applying and consult a lawyer for advice. CorpNet offers services to help protect business name rights through LLC formation and trademark applications.
- Optimizing LLC or Corporation Taxes
Eligible LLCs and Corporations can optimize their tax treatment by electing to be taxed as an S Corporation. By default, LLCs are taxed as Sole Proprietorships or Partnerships, with all profits and losses passing through to owners’ personal tax returns. Owners pay income tax and self-employment taxes (12.4% for Social Security and 2.9% for Medicare) on their earnings. In contrast, C Corporations face “double taxation,” where the business pays taxes on profits, and shareholders are taxed again on dividends.
Opting for S Corporation tax treatment can offer financial advantages. To qualify, a business must meet certain IRS criteria, including being a domestic corporation, maintaining one class of stock, and having no more than 100 shareholders. Shareholders must be individuals, certain trusts, or estates—corporations and non-resident aliens are not permitted.
S Corporation status can reduce self-employment taxes for LLC owners, as only wages are subject to Social Security and Medicare taxes. For Corporations, this election eliminates double taxation, allowing profits to pass through to shareholders’ personal tax returns.
Filing for S Corporation status is simple, but businesses can rely on services like CorpNet to ensure the process is done accurately and efficiently.
Compliance Tasks by Entity Type
Every business structure has specific compliance requirements that vary by state and industry. Here’s a brief overview:
Sole Proprietorship:
- Apply for and renew business licenses
- Register, report, and remit payroll taxes (if hiring)
- File and renew DBAs (if using a fictitious name)
- Report and pay taxes
General Partnership:
- Apply for and renew business licenses
- Handle payroll taxes (if applicable)
- File and renew DBAs
- Report and pay taxes
LLC:
- File Articles of Organization with the state
- Maintain a registered agent
- Keep an LLC Operating Agreement
- File annual reports
- Hold meetings and record minutes
- Apply for and renew business licenses
- Register and manage payroll taxes
- File Articles of Amendment for significant changes
Corporation:
- File Articles of Incorporation
- Maintain a registered agent
- Appoint a board of directors
- Maintain corporate bylaws and shareholder agreements
- File annual reports
- Hold shareholder and board meetings
- Apply for business licenses
- Handle payroll taxes
- File Articles of Amendment for significant changes
Ensuring Proper Business Maintenance
Whether starting or expanding your business, CorpNet can assist with all necessary filings and compliance tasks in any state, including:
- Registering your business
- Obtaining a Federal Tax ID Number
- Filing a DBA (fictitious name)
- Acting as your registered agent
- Applying for business licenses
- Registering for payroll taxes
- Expanding to other states (foreign qualification)
- Requesting S Corp election
- Filing annual reports
- Submitting Articles of Amendment
- Well-Articulated Mission
- Precisely Identified Target Market
- Cohesive and High-Performing Team
- Sales and Marketing Initiatives
- Operational Excellence
- Financial Strategy and Management
- High-Quality Products and Services
- Inviting and Inclusive Atmosphere
- Alternative minimum tax (AMT)
- S corporations
- Gross transportation income taxes
- Base erosion and anti-abuse tax (BEAT)
- State and local income taxes
- Tax differences between LLC and Corporation
- Federal income tax
- State income tax
- Sales tax
- Tax withholding and estimated tax payment
- Income tax in the US for foreign freelancers.
All businesses, with the exception of partnerships, are mandated to file a federal income tax return annually. Partnerships, on the other hand, are only required to file informational returns (Form 1065), as the income generated by the partnership is passed through to the individual partners, who are taxed on it at the personal level.
The specific tax return required varies depending on the legal structure of the business:
- Sole Proprietorships file Form 1040 or 1040-SR, along with a Schedule C, or Schedule F if the business is farm-related.
- Individual partners in a partnership must also file Form 1040 or 1040-SR, in addition to a Schedule E. The same filing requirement applies to individual shareholders in S corporations.
- C Corporations and S Corporations are required to file Form 1120 or 1120-S, respectively. Form 1120-S is an informational return, as the S corporation itself does not pay federal taxes, instead passing the tax liability on to its shareholders.
The filing obligations for a Limited Liability Company (LLC) depend on its chosen structure. LLCs may be classified as partnerships, corporations, or as a disregarded entity (where the owner is taxed individually, similar to a sole proprietorship). Since LLC requirements vary by state, business owners may benefit from utilizing LLC filing services to navigate these complexities.
While few (if any) small business owners may enjoy paying taxes, the process can be made a little less onerous by planning ahead and keeping good records along the way. Here are a few things to keep in mind:
- Record keeping. Small businesses will want to keep careful records of their income and expenses, ideally as they occur to avoid scrambling to collect paperwork later on. Accounting and tax software programs for small businesses can help.
- Estimated tax payments. As mentioned above, businesses may need to pay estimated taxes each quarter in order to avoid penalties, not to mention a whopping tax bill at the end of the year. Businesses can pay their estimated taxes by mail, phone, or mobile device as well as online through the IRS’s Electronic Federal Tax Payment System (EFTPS).20
- Filing deadlines. Businesses will also want to take note of the deadlines for filing their various tax forms. While individuals may only have to concern themselves with April 15 (or thereabouts) each year, businesses can face an array of deadlines. The IRS spells them out in its Publication 509: Tax Calendars.32
- Tax penalties. Small businesses that don’t file their taxes on time or fail to pay what they owe can be subject to IRS penalties. In addition, the IRS can charge interest on those penalties until the bill is paid in full. Taxpayers also have a right to dispute any penalties that the IRS imposes.33
- Tax audits. The IRS can choose to audit individual or business tax returns for any number of reasons. Sometimes it’s simply because the return was chosen at random. In general, the IRS says, most of the returns it audits are no more than two years old, and it rarely audits returns that go back more than six years.34 The lesson here: Hang on to your returns and all the back-up for them for at least that long.
U.S. Fiscal Highlights
This represents the total amount of debt accumulated by the American populace.
STUDENT DEBT
MEDICAL DEBT
AUTO DEBT
CREDIT CARD DEBT
MORTGAGE DEBT
IRS DEBT
The U.S. national debt was $36.22 trillion as of December 31, 2024
We have an obligation to the United States and to the citizens of this country to take care of our part of debt as a collective.
Independent - American owned - American operated
You can't make a move without financial backing.
our focus is financially based.
Economic stability is a critical factor...
Credit
for credit as it determines the ability to repay borrowed funds, influences creditworthiness, and affects the terms and conditions of loans or credit agreements.
Family
for a family as it ensures financial stability, provides access to necessities like food, shelter, and healthcare, and supports the well-being and future opportunities of its members.
Legal
for legal matters as it enables access to legal representation, ensures the ability to pursue justice, and supports the costs associated with legal processes and proceedings.
Education
for education as it funds resources, access to quality instruction, infrastructure, and opportunities that enable individuals to acquire knowledge and skills for personal and professional growth.
Housing
for housing as it covers the costs of rent, mortgage, maintenance, and utilities, ensuring a stable and safe living environment.
Medical
for medical care as it ensures access to treatments, medications, healthcare services, and insurance, promoting overall health and well-being.