Starting a Business: How to Incorporate Your Business

Learn about choosing and setting up a legal entity for your small business

4.75 (13 reviews)
Udemy
platform
English
language
Business Law
category
instructor
421
students
1 hour
content
May 2023
last update
$34.99
regular price

What you will learn

How to incorporate your business

Learn about forming a business entity

Understand Limited Liability Company (LLC), Corporation, Sole Proprietorship, and Partnership,

Learn about different business entities

Create an LLC or Corporation without a lawyer

Choosing the right legal entity for your business

Setup IRS tax ID - Employer Identification Number

Description

Starting a business requires careful consideration of its legal structure to ensure protection from liability and tax savings. The most common options are sole proprietorship, partnership, limited liability company (LLC), and corporation, and choosing the right one depends on individual needs.

This course provides an overview of incorporation, guiding entrepreneurs in selecting the appropriate legal entity for their small business. The course covers key differences between corporations and LLCs, discusses the suitability of a sole proprietorship, and provides advice on forming a corporate entity.

Additionally, the course delves into the necessary paperwork and formalities required for incorporation, including establishing bylaws, obtaining a tax ID from the IRS, and navigating state and local laws. With this information, entrepreneurs can confidently start their businesses on the right legal footing.

Throughout the course, participants will learn about the various legal and financial considerations involved in forming a business entity. They will also receive practical advice on how to navigate the paperwork and legal requirements, as well as tips on setting up an effective governance structure for their business.

By the end of the course, you will have a solid understanding of the legal options available to them and be equipped to make an informed decision on the best legal structure for their business. They will also have the tools and knowledge necessary to successfully form and operate their business entity in compliance with all applicable laws and regulations.

Content

Introduction

Welcome
Introduction

Getting Started

Sole proprietorship and corporate entity
Why incorporate
Should you incorporate

Types of Entities

LLC
Corporation
Close corporation
Other types of entities

Creating an Entity

Selecting an Entity
Filing and forming an entity
Selecting a name
Incorporating example

Steps After Incorporating

Bylaws and operating agreement
Setting up IRS tax ID
C a S Corp
State and local taxes
Conclusion

Screenshots

Starting a Business: How to Incorporate Your Business - Screenshot_01Starting a Business: How to Incorporate Your Business - Screenshot_02Starting a Business: How to Incorporate Your Business - Screenshot_03Starting a Business: How to Incorporate Your Business - Screenshot_04

Reviews

Floyd
January 30, 2021
Im in business now I did form An entity but i formed the wrong entity so i'm taking this course to make sure i get the knowledge i need so if im asked i'll have the correct info so far the speaker of the course has a nice steady flow speaks clear.

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1876486
udemy ID
8/25/2018
course created date
7/18/2022
course indexed date
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course submited by