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Running a Web Design Business: Defining Your Business Structure
Illustration by John Hersey

Running a Web Design Business: Defining Your Business Structure

with Martha Garzon

Video: Welcome

Hi. Finally, I'll help you understand the legal and
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  1. 2m 33s
    1. Welcome
      1m 21s
    2. Disclaimer
      1m 12s
  2. 23m 6s
    1. Understanding your business-structure options
      1m 8s
    2. Sole proprietorship: Advantages and disadvantages
      2m 48s
    3. Partnerships: Advantages and disadvantages
      3m 24s
    4. C corporation: Advantages and disadvantages
      4m 54s
    5. S corporation: Advantages and disadvantages
      2m 19s
    6. LLC: Advantages and disadvantages
      4m 12s
    7. Choosing your business structure using five key questions
      4m 21s
  3. 13m 53s
    1. Introducing Amy's web design business
      4m 26s
    2. Amy's web design business as a sole proprietorship
      3m 36s
    3. Amy's web design business as an LLC
      5m 51s
  4. 19m 30s
    1. Getting started with business names and fictitious business names
      4m 46s
    2. Obtaining local licenses and permits
      1m 7s
    3. Applying for a city business tax receipt
      5m 47s
    4. Applying for a county business tax receipt
      2m 37s
    5. Opening a business bank account
      1m 58s
    6. Understanding state tax obligations
      1m 16s
    7. Understanding federal tax obligations
      1m 59s
  5. 32m 1s
    1. Getting started with a name for your LLC
      2m 52s
    2. Filing the Articles of Organization
      3m 53s
    3. Creating an operating agreement
      1m 10s
    4. Obtaining local licenses or permits
      1m 10s
    5. Applying for a city business tax receipt
      5m 47s
    6. Applying for a county business tax receipt
      2m 37s
    7. Understanding tax election for LLCs
      5m 30s
    8. Applying for an Employer Identification Number (EIN)
      4m 5s
    9. Opening a business bank account
      1m 58s
    10. Understanding state tax obligations
      57s
    11. Understanding federal tax obligations
      2m 2s
  6. 2m 43s
    1. Next steps: Finding professional support
      2m 43s

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Running a Web Design Business: Defining Your Business Structure
1h 33m Beginner Jul 31, 2014

Viewers: in countries Watching now:

Sole proprietorship, general partnership, corporation, or LLC? Choosing a business structure is one of the tougher decisions web designers face when establishing a new company. In this course, entrepreneur Martha Garzon walks you through the advantages and disadvantages of each business model, and helps you decide which one is right for you. You'll also take a deep dive into two key business structures–sole proprietorship and LLC—to see how they affect licensing and permitting processes, taxes, and recordkeeping for a hypothetical web design business. This practical information will help you clear early legal and financial hurdles, and help make sure your business hits the ground running.

Topics include:
  • Understanding your business-structure options
  • Choosing your business structure using five key questions
  • Establishing business names and fictitious business names
  • Obtaining local licenses and permits
  • Applying for city/county tax receipts
  • Opening a business bank account
  • Understanding state and federal taxes
Subjects:
Web Web Design Web Foundations
Author:
Martha Garzon

Welcome

Hi. I'm Martha Garzon, and I would like to welcome you to Running a Web Design Business: Defining Your Business Structure. If you're ready to start your own web design business, I'm sure you have many questions in your mind. We'll start by clarifying the advantages and disadvantages of sole proprietorships, partnerships, corporations, and LLCs. Then, we'll explore the key questions that will help you select the business structure best suited to your needs.

Next, I'll show you practical examples of a web designed business tax as a sole proprietorship and as an LLC. Finally, I'll help you understand the legal and tax requirements of a sole proprietorship and a LLC and walk you through the steps of setting up these business structures. This course gets you comfortable with the basic concepts so that when you seek professional help you'll know what to expect and what questions to ask.

So, are you ready to become a successful designer and business owner? Let's get started with Running a Web Design Business, Defining Your Business Structure

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