"NEW" Course Curriculum

Author: Michael Crain, MS MIS, CBA

  • 1

    Letter From the Author

    • Supplying Insight to maximize Performance

  • 2

    Chapter 1

    • Deciding on the Best Legal Entity

    • Methods to Organize Your Business

  • 3

    Chapter 2

    • Sole Proprietorship & General Partnership

    • Developing a Sole Proprietorship

    • Personal Liability

    • Income Taxes Explained

    • Separate Entity

    • Fringe Benefits of the Opportunity

    • Hiring a Spouse for Tax Benefits

    • Reimbursement Plan

    • The Business Expense

  • 4

    Chapter 3

    • Partnerships and The Law

    • Personal Liability

    • Rights and Responsibilities

    • Income Taxes

    • Investment Partnerships

    • Fringe Benefits - Business Expenses

  • 5

    Chapter 4

    • Corporations

    • Limited Personal Liability

    • The Law – Real World

    • Payroll Taxes

  • 6

    Chapter 5

    • Video: Corporations & Nonprofits

    • S-Corporations

    • Corporation Elect S-Corporation

    • Limits on Deductions

    • C-corporations

    • S-Corporations without Lower Tax Rates

    • Tax Savings - Income Splitting

    • Fringe Benefits

    • IRS Ground Rules - Fringe Benefits

    • Attracting an Investor

    • Motivating with Stock Options

    • Utilizing the Internet to Sell Shares

  • 7

    Chapter 6

    • Video: Limited Liability Company's

    • Incorporation Advantages

    • Transfer Corporate Stock

    • Continuity of Business

    • Centralized Management

    • Limited Liability Companies

    • Limited Personal Liability

    • Number of Owners

    • Tax Flexibility

    • Flexible Structure - Management

    • Flexible Distribution – Profits and Losses

    • Deciding Between an LLC and Corporation

    • Supplying Extensive – Fringe Benefits

    • Stock Options and Stock Bonus Incentives

    • LLC / S-Corporation: Self-Employment Tax

    • Developing Structures for Special Situations

  • 8

    Chapter 7

    • Limited Partnerships

    • Beware of Confusing Labels

    • Professional Choices

    • Corporations for Professionals

    • The Personal Service Corporations

    • Professional Limited Liability Companies

    • Check State Requirements before setting up a PLLC

    • Limited Liability Partnerships

    • Review the Laws of your State

  • 9

    Chapter 8

    • The Nonprofit Corporation

    • Cooperatives and Types of Organizations