One of the first major decisions a startup or emerging business will need to make is regarding choice of entity. Selecting the right corporate framework--corporation, LLC or partnership--is critical to the success of any businesses. How can you determine the best fit for your emerging company?
This course provides general guidance for non-lawyers dealing with the issues which arise in deciding what type of entity form should be used for a budding business. The instructor will introduce a framework to help you analyze the different attributes of business entities, including four key considerations:
- The lifecycle of the entity: Is this a single purpose entity, or will it grow over time?
- Realities of death and taxes: How to close a business and manage the associated tax implications
- Administration: What level of administration is required for your business?
- Liability: Does your new business require you to carry personal liability insurance?
Learning Objectives
- Discover a framework for determining which form of entity is suitable for your business
- Explore the four basic contract types and the advantages and disadvantages of each
- Understand real world uses of different entity types
- 1. How to Read and Understand an Insurance Policy
- 2. Understanding Supply Chain Finance
- 3. Abandoned Wages: How to Stay in Compliance When Reporting and Remitting
- 4. Disclosure Requirements - Rev Rec, Leases, Business Combinations, CECL & Segments (Text Based Course)
- 5. Introduction: Excellence in Claims Handling
- 6. An Introduction to Incident, Change, and Project Management for Hardware and Application Support
- 7. Creating an Accounts Payable Documentation Management Policy
- 8. CARNIVAL: Carnival Casino Operations and Auditing
- 9. The Insurance Examination under Oath (EUO)
- 10. Interviewing Techniques for the Insurance Professional
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Prerequisites
No advanced preparation or prerequisites are required for this course.