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Building Wealth Through Business Ownership

Building Wealth Through Business Ownership

Beginner & Advanced Levels
Created byGerminal Van
Last updated 11/2023
English

What you'll learn

  • Build wealth through business ownership & entrepreneurship
  • How to form a company and the business structures and tax code
  • How to value a business and raise capital
  • How to sell a business

Course content

2 sections6 lectures4h 12m total length
  • The Foundation of Business Ownership43:08

    This course explains the foundations of business ownership and why it matters in a capitalist society. This course aims to teach why business ownership is the most accessible path to build wealth in a market economy and also to provide a holistic approach to the concept and mechanisms of business ownership (the advantages & disadvantages of owning a business).

  • How to Start a Company27:37

    The purpose of this course is to teach you the steps and process to start a company. There are ten steps to follow in order to start a company, and these steps include:

    1) Conducting market research

    2) Writing a business plan

    3) Funding the Business

    4) Select the Location

    5) Select a Business Structure

    6) Select a Name for the Business

    7) Register the Business

    8) Get Federal & State Tax IDs

    9) Apply for Licenses & Permits

    10) Open a Business Bank Account

  • Business & Tax Structures49:30

    The purpose of this course is twofold, First, this course aims to teach you the different business structures and tax liability associated with these structures. Second, this course aims to compare and contrast these business structures. There are five main business structures:

    1) Sole Proprietorship

    2) Partnerships (GPs, LLPs, & LPs)

    3) Corporations (C-Corp)

    4) S-Corporations (S-Corp)

    5) Limited Liability Company ( LLC)

Requirements

  • No requirements

Description

The purpose of this course is to show to students and ordinary people that business ownership is the most accessible path to build wealth and achieve financial freedom.

Most people usually seek to building wealth through the ownership of paper assets (stocks & bonds) or real estate. Both types of assets require capital, especially real estate, which is a capital-intensive industry. However, it has become easier to start a business nowadays thanks to the advancement of technological progress. The capital to start a business is no longer high compared to the capital required to buy a piece of real estate, which then gives people more accessible to the path of entrepreneurship.This course is designed to equip ordinary with the knowledge required to take that leap of faith and venture into the world of entrepreneurship.

This course is divided into two levels: the beginner and advanced levels. In the beginner’s level, students will learn the importance of business ownership, the process and steps of starting a company, and the difference business and tax structures. In the advanced levels, students will learn the different business valuation methods, the methods of raising capital, and the process of selling a company.

At the end of this course, students and ordinary people will feel more to start their own company.

Who this course is for:

  • This course is for anyone who wants to become an entrepreneur