While the last thing most small business people want to worry about is how their business is set up, it can have a tremendous impact on their future profitability. The time the prospective businessperson takes to study and decide on the proper business entity for their situation will pay off many times over. It can minimize expenses, including taxes. It can prevent penalties and fees for improperly running your business. It can protect the owners from liabilities that could not only destroy their business, but their personal assets as well.
The purpose of this course is not to provide you with a complete knowledge of the subject manner. It is to give you an overview of what is available to you and the pros and cons of each. Once you decide which format(s) would be best for you, it is advisable that you do further research for your particular state and/or contact a tax/legal/accounting specialist for further advice.
Next Recommended Course: Basic Business Accounting
The complete Foundation Business Courses Include:
- Basic Business Concepts
- Choosing a Legal Format
- Basic Business Accounting
- Basic Marketing Strategies
- Off-Line Marketing Concepts
- On-Line Marketing Concepts
- Time Management Concepts
- Money Management Concepts - Part One
- Money Managmeent Concepts - Part Two