Learn How to Start a Business Fast
4.2 (13 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
303 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Learn How to Start a Business Fast to your Wishlist.

Add to Wishlist

Learn How to Start a Business Fast

Complete guide to starting a business including all the legal, accounting, tax, and bookkeeping information you'll need!
4.2 (13 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
303 students enrolled
Created by Scott Brookens
Last updated 10/2015
English
Current price: $10 Original price: $200 Discount: 95% off
1 day left at this price!
30-Day Money-Back Guarantee
Includes:
  • 2 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Learn how to form an LLC, file for a federal employer identification number, setup bookkeeping software, and compile corporate record book for a business
View Curriculum
Requirements
  • No prior knowledge or skill is required
Description

The course is for people that want to start a business.

I dive into the legal and accounting side of getting a business up and off the ground.

  • I'll walk you through the different types of entity options available, including c-corporations, s-corporations, and LLC's.
  • I'll explain the tax implications related to each entity option.
  • I'll also show you how to form an LLC on your own, how to apply for a federal tax identification number, how to setup your accounting software, how to organize your corporate record book, and how to get started with your bookkeeping.

In all, at the end of this course, you will be pretty much all set to make your first sale!

Who is the target audience?
  • This course is for anyone looking to learn the legal and accounting side of starting a business, including entity formation, tax considerations, and bookkeeping basics. Individuals that have already formed and entity and have their books setup should not take this course
  • The entity formation portion of this course only covers the formations of entities in the United States of America. This course does not cover forming an entity outside the USA.
Students Who Viewed This Course Also Viewed
Curriculum For This Course
Expand All 34 Lectures Collapse All 34 Lectures 02:02:30
+
Start Here
1 Lecture 03:20

Start here- an explanation of me and the content covered in the course.

Preview 03:20
+
Choosing an Entity
5 Lectures 26:14

An explanation of why you need to form an entity for your business- it is all about protecting your personal assets / wealth.

Preview 04:44

A basic explanation of corporations.

Preview 03:37

A basic explanation of limited liability companies (i.e. LLC's).

Limited Liability Company
02:32

The reality is, very few entrepreneurs / business owners understand taxes or how their business pays taxes. Even less understand s-corporations and why structuring a business in this way may reduce their tax liability. I explain the basics and benefits here. If you are interested in learning more about the benefits of an s-corporation and whether it is right for your business then you should talk to your accountant.

Tax Considerations (C-corp vs. S-corp vs. LLC)
12:19

This video explains why an LLC may be the better option for you and your business. If you're really interested in c-corporations, then talk to your accountant about the tax implications of c-corporations in more detail.

Corporation vs. LLC: Which is Best?
03:02
+
Forming an LLC
3 Lectures 25:18

This video talks about some things to consider when hiring an attorney to help you form a business.

How to Find the Right Advisor: Hiring an Attorney
03:46

This video shows you what you need to do in order to file an LLC on your own. Give it a shot if you're interested, but hiring an attorney is the best route. That said, I've provided links to the corporation's division in ALL 50 STATES. After watching the video, check out the document provided in the Resources tab for this video for your state in order to get started filing your articles of organization on your own.

Because I am an attorney I need to say this: if you are not comfortable taking the risk that is associated with creating an LLC on your own (i.e. the risk that you might do something wrong, miss a step, etc. resulting in you not having a valid entity), then you should hire an attorney to assist you in the process.

How to Form an LLC on Your Own: Filling Out Articles of Organization
12:05

In this video I talk through some online formation services. I specifically show you how to use legalzoom- I'm not an affiliate and I don't endorse their service. It's just a cheap way to go through the formation process if you don't want to hire and attorney and you don't want to figure it out on your own. Incfile.com is also a good option (I'm not an affiliate). Either option is pretty simple to use and relatively straight forward.

Using an Online Formation Service: A Few Options
09:27
+
Organizing Your Corporate Record Book
4 Lectures 05:32

Brief discussion of Articles of Organization

Articles of Organization
01:27

Brief discussion of an LLC Operating Agreement and why you need one for your business. Look at Resources section of this video to download the Sample Operating Agreement that I prepared for this course.

Operating Agreement
02:01

Brief discussion of Consent Resolution. Look at Resources section of this video to download the Sample Consent Resolution that I prepared for this course.

Consent Resolution
00:55

Explanation of how to compile your corporate record book.

Corporate Record Book
01:09
+
Tax ID, Bank Account, Bookkeeping, and More!
10 Lectures 38:52

This video addresses what you'll need to open a bank account for your business

Opening a bank account for your business
02:37

This video shows you how to apply for a federal tax identification number or EIN online in minutes

How to Obtain a Federal Tax ID Number Super Fast
12:35

This video reviews some of the accounting software options that are available to you in your business

Accounting Software
04:06

This video reviews some of the basic bookkeeping tasks that you need to know in order to get started tracking your business' transactions

Bookkeeping Basics
02:48

This video provides a basic introduction to the Quickbooks accounting software (I'm not an affiliate) and how to setup your business' on this software

Quickbooks Tutorial: Introduction
02:23

This video shows you how to enter an invoice in quickbooks

Quickbooks Tutorial: Invoices
03:49

This video shows you how to receive payment from a customer on an invoice

Quickbooks Tutorial: Receiving Payments
02:18

This video shows you how to make a deposit of funds that you have received from your customer

Quickbooks Tutorial: Deposits
04:10

This video shows you how to enter an expense for your business in quickbooks

Quickbooks Tutorial: Expenses
03:04

Congrats! You are all done forming your business! We'll wrap up here :)

Congratulations! You are ready to go!
01:02
+
BONUS: Deep Dive Into Operating Agreement and Consent Resolution
11 Lectures 23:14

This video goes into detail explaining the Consent Resolution that I have linked to the course.

Deep Dive into Consent Resolution
02:36

This lecture discusses Article I of the Operating Agreement I have linked to the course.

Deep Dive into Article I of Operating Agreement: Organization
04:04

This lecture discusses Article II of the Operating Agreement I have linked to the course.

Deep Dive into Article II of Operating Agreement: Records and Accounting
00:57

This lecture discusses Article III of the Operating Agreement I have linked to the course.

Deep Dive into Article III of Operating Agreement: Capital Contribution
03:57

This lecture discusses Article IV of the Operating Agreement I have linked to the course.

Deep Dive into Article IV of Operating Agreement: Allocations and Distributions
02:01

This lecture discusses Article V of the Operating Agreement I have linked to the course.

Deep Dive into Article V of Operating Agreement: Membership Interest
01:46

This lecture discusses Article VI of the Operating Agreement I have linked to the course.

Deep Dive into Article VI of Operating Agreement: Meetings
01:19

This lecture discusses Article VII of the Operating Agreement I have linked to the course.

Deep Dive into Article VII of Operating Agreement: Management
01:51

This lecture discusses Article VIII of the Operating Agreement I have linked to the course.

Deep Dive into Article VIII of Operating Agreement: Liability & Indemnification
02:00

This lecture discusses Article IX of the Operating Agreement I have linked to the course.

Deep Dive into Article IX of Operating Agreement: Winding Up
01:13

This lecture discusses Article X of the Operating Agreement I have linked to the course.

Deep Dive into Article X of Operating Agreement: Miscellaneous
01:30
About the Instructor
Scott Brookens
4.2 Average rating
117 Reviews
2,202 Students
3 Courses
Attorney / Entrepreneur

I'm a business law attorney and I help entrepreneurs start businesses. Before I became an attorney, I managed two small businesses from the initial startup phase through a fast-paced growth stage. It was a wild ride where I discovered a true love for all things business!

Additionally, I come from a family of business owners. My parents purchased a small business when I was young and they still own it to this day. While I was growing up, I worked for them and had the opportunity to see first hand the challenges and rewards that come with choosing the path of entrepreneurship. Now, I have the privilege of being their attorney and walking with them in a different way as they continue to grow their business.

Given my entrepreneurship background and legal expertise, I understand both the technical side of getting a business off the ground and I appreciate the risk and challenges that entrepreneurs must go through each day to keep their businesses up and running. All said, I love business and I love helping people start their own entrepreneurial journeys!

Lastly, but most importantly, I am a husband to an amazing wife and a father to two amazing children. My family is what drives me forward and keeps me going each day. I could not do what I do without their support every step of the way!