Developing the Legal Entity
This course will answer various concerns relevant to legal issues during startup and potential growth. The information will assist in the decision-making process when formulating an entity.
Author: Michael Crain, MS MIS, CBA
Supplying Insight to maximize Performance
Deciding on the Best Legal Entity
Methods to Organize Your Business
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
Partnerships and The Law
Personal Liability
Rights and Responsibilities
Income Taxes
Investment Partnerships
Fringe Benefits - Business Expenses
Corporations
Limited Personal Liability
The Law – Real World
Payroll Taxes
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
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
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
The Nonprofit Corporation
Cooperatives and Types of Organizations