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Entrepreneurs and small business owners are faced with what business entity (if any) they should use for their company. This course informs you as to the pros and cons of each business entity type so you can decide for yourself what the best business entity is for your business venture. Although I am a lawyer, I use layman terms and teach in a straight forward, no nonsense manner to help you understand the principles discussed.
Educate Yourself to Limit Liability in the Future
•Learn the difference between an LLC, corporation, and other business entities
•Find out if you even need a business entity at all
•Learn how to incorporate and organize an LLC
•Learn how to save money on taxes
Make Educated Business Decisions
You are super busy and faced with many decisions throughout the course of starting a company. One of the more important questions you are faced with is the type of business entity that you should form. This course discusses and gives examples of the general partnership, limited partnership, corporation, limited liability company, sole proprietor, "doing business as", and others. This course is perfect for those starting new business ventures as well as small business owners seeking to learn if they should be in a different type of business entity.
Content and Course Overview
In 8 Lectures and 59 minutes of content, I tell you about the various business entities available, using many examples for clarity. You will learn why the corporation has been so widely used, as well as why the LLC has been so popular as of late. I go into detail about how exactly the various business entities vary in limiting liability (including how sometimes they don't limit liability at all).
We also discuss the basics of business entity taxation, as well as some advanced taxation topics, such as how an LLC can be taxed as a corporation to save money on self-employment tax.
I designed this course to be beneficial for everyone, from the rookie entrepreneur to the seasoned small business owner.
After engaging in the lectures and participating in the end-of-course exam, you will understand the pros and cons of various business entities better than many lawyers.
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|Section 1: Introduction|
|Section 2: Corporations|
Background of the CorporationPreview
An in depth discussion of what types of liability a shareholder of a corporation is and isn't protected from.
|Section 3: Limited Liability Companies|
Understand how a LLC differs from a corporation or partnership.
|Section 4: Composition and Organization|
Composition of a Corporation and LLC
How to Incorporate and Organize an LLC
|Section 5: Other Business Entities|
Other Commonly used Business Entities
|Section 6: Introduction to Taxation of Business Entities|
|Section 7: Exam|
I am an attorney licensed in the State of Oregon. I specialize in estate planning, advanced estate planning, asset protection, and the formation of business entities. My background in asset protection gives me a unique understanding and viewpoint of business entities (and how to protect them from future creditors). A favorite part of my work is educating clients so they can make their own informed decisions. I take pride in making complex legal issues simple to understand. I regularly conduct seminars on areas of law related to my specialties, and publish articles on legal topics occasionally. I became an instructor on Udemy to reach a larger audience, in order to help more people make educated legal decisions.