Business Structure Benefits and Options for Entrepreneurs
3.5 (2 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4 students enrolled

Business Structure Benefits and Options for Entrepreneurs

This course explains the benefits business structures can provide and lists the pros and cons of popular structures.
3.5 (2 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4 students enrolled
Created by Rob Stephens, CPA
Last updated 1/2020
English
English [Auto]
Current price: $13.99 Original price: $19.99 Discount: 30% off
5 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 33 mins on-demand video
  • 3 articles
  • 3 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Prioritize the benefits you want from your business structure or business entity.
  • Identify structures that can allow you to save taxes, protect your assets, allow you to raise capital, and minimize complexity.
  • Understand the pros and cons of each business structure
Requirements
  • None
Description

Deciding the business structure choice, also known as business entity choice, that best fits your business can be overwhelming. This course will guide you through the benefits business structures can provide.  You'll learn which structures can provide the benefits you need.

You must find the right balance of the following benefits that different structures provide:

  • Personal asset protection

  • Tax savings

  • Number and type of owners you can have

  • Minimal complexity

Each structure allows some benefits but not others. This course will guide to clarify the benefits that are most important to your business’s success.

Once you know the most important benefits, you’re ready to learn the basics of popular business structures and business entity choices. You’ll learn the pros and cons of each of these business structures in simple language. This class applies to companies in the United States. We’ll look at the following structures:

  • Sole Proprietorships

  • Partnerships

  • Limited Liability Companies (LLCs)

  • Corporations (C-Corporations, S-Corporations, B-Corporations)

This course has three activities that will help you identify and prioritize the benefits you want from your business structure. You'll complete an activity in which you mark the pros you would like from each structure and the cons you most want to avoid. This activity page also serves as a helpful summary of the pros and cons of each structure.

Not understanding business structure benefits and choices can mean overwhelming and time-consuming meetings with tax and legal professionals. You’ll be well-prepared from this course to work with your tax or legal advisor to quickly choose and form the best business entity for you.


Who this course is for:
  • Small business owners, entrepreneurs, independent contractors, and anyone considering starting a business in the United States.
Course content
Expand all 20 lectures 34:29
+ Structure Benefits
7 lectures 13:30
Save taxes
03:40
Number and types of owners
02:31
Minimize complexity
01:10
Exit strategy
01:27
Activity: Ranking Benefits
00:22
+ Structure Pros and Cons
8 lectures 12:34
Overview of structures
00:46
Sole proprietorships
01:57
Partnerships
01:58
Limited liability companies (LLCs)
01:35
C Corporations
01:33
S Corporations
02:32
What's a B corporation?
01:47
Activity: Structure pros and cons
00:26
+ Where To Go From Here
2 lectures 02:01
Where to go from here
01:23
Bonus Lecture
00:38