Creating Your Business

Course Goals & Objectives:

By the end of this course, the student should be able to:

• Explain the difference between different business entities such as a Sole-Proprietorship, S-Corporation, Partnership, LLC, etc.

• Know the filing deadlines and rules associated with each entity type.

• Understand the tax liabilities and implications associated with each entity type.

• List and create the different accounts a business might need to open such as sales tax or payroll tax.

• Know the most common mistakes so that they can be avoided.

• Recognize the pros and cons of paying a tax preparer and or bookkeeper.