Course: Setting Up Your Small Business as a Legal Entity (1 hr 5 min)

So you've decided you want to set up your own small business; you're probably wondering: Should I incorporate? If so, how do I file? And what are the costs for forming a corporate entity? Learn the answers to these questions and more, in this course with an attorney and entrepreneur who covers the basics of incorporation, explaining the differences between a corporation and an LLC, helping you decide if a sole proprietorship is right for your situation, and providing advice on choosing and forming a corporate entity. Along the way, he explains how to establish bylaws, set up a tax ID for the IRS, and navigate state and local laws, in order to get your business off to a great start.

Topics include:

• What is a sole proprietorship?
• Understanding corporate entities
• Exploring corporations and LLCs
• Choosing a corporate entity
• Creating an operating agreement
• Exploring incorporating examples
• Establishing an IRS tax ID