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Nicole Pavlik
  • Are you unsure how much is involved with each business structure in regards to cost and paperwork?
  • Do you feel insecure in the protection of your business?
  • Are you not sure if they have picked the right business structure?
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  • Are you unsure how much is involved with each business structure in regards to cost and paperwork?
  • Do you feel insecure in the protection of your business?
  • Are you not sure if they have picked the right business structure?

If you want to have a better understanding of the difference between the business structures and feel more confident in your choice of structure then this course is for you.

I will breakdown the liability protection, taxes, paperwork, advantages and disadvantages of sole proprietorships, general partnerships, corporations and LLC's in easy to understand language and examples.

I know there are a lot of legal aspects to starting and running a business which can be incredibly overwhelming. This course will help you have a solid foundation knowing you which business structure is right for you and your business.

Enroll now

What's inside

Learning objectives

  • Understand the differences between sole proprietorships, general partnerships, corporations and llc’s.
  • Identify what types of businesses are ideal for each business structure
  • Know what paperwork is involved with each business structure
  • The advantages and disadvantages of each business structure

Syllabus

Introduction
Sole Proprietorship
What is a sole proprietorship?
Taxes Schedule C
Read more
Taxes SE
Paperwork
What is a corporation?
Tradenames
Advantages
Disadvantages
Shareholders
General Partnership
What is a general partnership?
Taxes
Corporation
Board of Directors
Officers
Liability
Taxes for C Corporations
Taxes for S Corporations
Limited Liability Company
What is an LLC?
Big Decisions and What's Next
How to decide what structure is best for you?
You picked a business structure...now what?
CPA Checklist
Message for the entreprenuer

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Gives learners a basic understanding of business structures and their implications
Provides a comprehensive overview of Sole Proprietorships, General Partnerships, Corporations, and LLCs
Provides a breakdown of liability protection, taxes, paperwork, advantages, and disadvantages of each business structure
Helps learners understand the differences between Sole Proprietorships, General Partnerships, Corporations, and LLCs
Taught by Nicole Pavlik, who is an experienced entrepreneur and business consultant

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in The Basics of Business Structures for Entrepreneurs with these activities:
Gather resources on business structures
Build your knowledge base by compiling helpful resources.
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  • Search for articles, books, or websites that provide in-depth information on business structures.
  • Organize the resources into categories such as legal aspects, tax implications, and industry best practices.
  • Create a central repository for easy access to these resources.
Understand business structures
Understanding the basic concepts of different business structures will prepare you for the more complex topics covered in the course.
Show steps
  • Read a book or article on the topic of business structures
  • Watch a video tutorial on the topic of business structures
  • Talk to a business owner about their experience with different business structures
Review business structure basics
Get a head start by revisiting basic concepts of business structures.
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  • Summarize the key characteristics of each business structure.
  • Identify the advantages and disadvantages of common business structures.
  • Consider any personal experiences or examples of business structures you're familiar with.
Four other activities
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Create a table comparing business structures
Compare different business structures to make an informed choice for your business.
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  • List down the key factors to compare, such as liability, taxes, and paperwork.
  • Research and fill in the table with relevant information for each business structure.
  • Analyze the table to identify the most suitable business structure for your needs.
Attend industry events focused on business structures
Connect with professionals and expand your knowledge through networking.
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  • Identify and attend conferences, workshops, or meetups related to business structures.
  • Engage in discussions and ask questions to gain insights from experts and peers.
  • Exchange contact information with professionals in your field.
Solve case studies on business structures
Apply your understanding of business structures to real-world situations.
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Show steps
  • Read and understand the case study.
  • Identify the key business issues and challenges.
  • Analyze the different business structures and their suitability for the case study.
  • Make a recommendation on the most appropriate business structure for the case study.
Share your knowledge by mentoring aspiring entrepreneurs
Solidify your understanding by teaching and guiding others.
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Show steps
  • Identify opportunities to mentor individuals interested in starting their own businesses.
  • Share your expertise and provide guidance on choosing the right business structure.
  • Offer practical advice and support to help aspiring entrepreneurs succeed.

Career center

Learners who complete The Basics of Business Structures for Entrepreneurs will develop knowledge and skills that may be useful to these careers:

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