When you enroll through our links, we may earn a small commission—at no extra cost to you. This helps keep our platform free and inspires us to add more value.
How to Start a Business - Business Entity Selection
Business Entity Selection & Registration for the Small Business Owner
This Course Includes
udemy
4.5 (432 reviews )
3h 19m 
english
Online - Self Paced
professional certificate
Udemy
About How to Start a Business - Business Entity Selection
This is
one of the most important courses you can take before starting a business.
Whether you are starting a new business or re-evaluating your current business circumstances, you may want or need a “business entity”
that is separate from you
in the eyes of the law. The type of structure you choose for your business can be
critical to the successful management and growth of your business
and can also have important
tax implications.
In this course, you will learn all about different entity types and the implications of doing business without one. You will gain a solid introduction to business entities and learn the nuances and differences among them. You will
be more readily informed
to discuss your needs with business associates and professionals and be equipped to more confidently choose the structure for your business. In this course you will gain a thorough understanding about important differences in doing business under different structures, including:
Sole-proprietorships
partnerships
limited-liability company (LLC)
corporation (c corp)
corporation with an “s” election (s corp) This course will also introduce you to the
advantages and disadvantages
of the different entity types so you are more
informed and empowered
to readily select the entity which is correct for your situation. This course will cover:
an introduction to
business structures
the concept of a “
separate and distinct
” entity
the
security
that can be provided from a separate business entity
the risks associated with piercing the
corporate veil
the structures of different “
ownership and management framework
” You will also be given an
extensive and thorough outline
for the course and an easy to understand
comparison table
that shows the differences in
Ownership, Liability, Management/Control, Taxes, Documents, and Capital Contributions
associated with the different business structures. In this course, you will learn:
how to
create an entity
the role of
the secretary of state
in most states
where to go to learn about
entities in your state
the importance of a
trade name
and how to create one
the importance of an
Employer Identification Number
(EIN) and how to get one
how to make an
“S” election
for an “S corp” You will also be given
a thorough reference
of the documents needed to form a corporation and an LLC. For many business situations, you can create and register a business entity on your own. If you understand the issues and the process
you can decide
whether it makes sense to consult with legal counsel for assistance. This course will prepare you to
have the basic knowledge to communicate more effectively
from an educated perspective and to
make better decisions.
We are excited to offer this course to you and know, from our own experience, that the material in this course will be
incredibly helpful and valuable
to you. We’re glad you’re here to learn this important information so
let’s get started learning!
What You Will Learn?
- Understand business entities .
- Select the appropriate business entity for an endeavor .
- Know the differences between the various business entities .
- Acquire insight into the requirements of different business entities .
- Gain knowledge into the risks and protections of different entity types .
- Avoid costly taxation issues that can arise from incorrect entity selection .
- Understand the importance of keeping separate concerns in business .
- Understand the corporate veil and avoid piercing it .
- Understand the nuances of a sole-proprietorship .
- Understand the nuances of a partnership .
- Understand the nuances of an LLC .
- Understand the nuances of a Corporation & an S-Corporation .
- Understand Ownership & Liability considerations .
- Understand Management & Control structures .
- Understand Taxes, Documents, and Capital Contributions Show moreShow less.