Helps entrepreneurs understand if they should incorporate, and navigate choosing and setting up a corporate entity.
- One in seven Americans wants to start a business. That's a lot of people. As an attorney, I help people incorporate new business entities just about every week. Of course, you don't necessarily need to incorporate to start a business. But most people ask the question, "Should I incorporate? "And if so, what type of entity is right for me?" That's what I'm going to talk about today. My name is Dana Robinson, and I've spent the past 15 years as an attorney working with startups and small businesses. I've owned a number of businesses and I've invested in many others.
In this course, I'll cover the basics of incorporation and help you understand the difference between a corporation and an LLC. I'll talk about the forms that need to be filed and walk you through the formalities and documents related to incorporation. Becoming a great corporation isn't all about paying high-priced attorneys to do something magical. It's about having the knowledge and information. You can do it yourself. And if you choose not to, you'll have a deeper understanding to work more intelligently with your legal and business advisers. Let's get started.
DISCLAIMER: This course is taught by an attorney and addresses US law concepts that may not apply in all countries. Neither LInkedIn nor the attorney teaching the course represents you and they are not giving legal advice. The information conveyed through this course is akin to a college or law school course; it is not intended to give legal advice, but instead to communicate basic information to help viewers understand the basics of intellectual property.
- Determine the purpose of a fictitious business name (FBN).
- Distinguish between types of entities.
- Identify required components for setting up a corporate entity.
- Recognize elements in bylaws.
- Interpret the purpose of federal tax identification.