Overview
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Learn which business structure (sole proprietorship, partnership, corporation, or LLC) is right for you. Learn how it impacts licensing and permitting, taxes, and record keeping.
Syllabus
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Introduction
- Welcome
- Disclaimer
- Understanding your business-structure options
- Sole proprietorship: Advantages and disadvantages
- Partnerships: Advantages and disadvantages
- C corporation: Advantages and disadvantages
- S corporation: Advantages and disadvantages
- LLC: Advantages and disadvantages
- Choosing your business structure using five key questions
- Introducing Amy's web design business
- Amy's web design business as a sole proprietorship
- Amy's web design business as an LLC
- Getting started with business names and fictitious business names
- Obtaining local licenses and permits
- Applying for a city business tax receipt
- Applying for a county business tax receipt
- Opening a business bank account
- Understanding state tax obligations
- Understanding federal tax obligations
- Getting started with a name for your LLC
- Filing the Articles of Organization
- Creating an operating agreement
- Obtaining local licenses or permits
- Applying for a city business tax receipt
- Applying for a county business tax receipt
- Understanding tax election for LLCs
- Applying for an Employer Identification Number (EIN)
- Opening a business bank account
- Understanding state tax obligations
- Understanding federal tax obligations
- Next steps: Finding professional support
