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Legal Guide to Running a Small Business: Part 1

Exam Questions: 75
Course Level: Basic
Pages: 290 | Content: 270, Supplemental: 20
NASBA Area of Study: Management Services
Not Acceptable for: Enrolled Agents
Version: 8265

Covering a variety of topics, this new two-part course outlines how to tackle many of the legal issues confronting small business owners. Part 1 will provide assistance with topics like raising start-up money, deciding on a business structure, how to save on business taxes, getting licenses and permits, purchasing an existing business, and more. PES also offers a companion course #8270: Legal Guide to Running a Small Business: Part 2 with even more information on running small businesses. These courses are complementary to each other and are not repetitive. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Which Legal Form is Best for Your Business
  • Structuring a Partnership Agreement
  • Creating a Corporation
  • Creating a Limited Liability Company
  • Preparing for Ownership Changes With a Buyout Agreement
  • Naming Your Business and Products
  • Licenses and Permits
  • Tax Basics for the Small Business
  • Raising Money for Your Business
  • Buying a Business
Objectives
  • To recall the characteristics of various business entities
  • To recall the characteristics of various business valuation methods
  • To identify the government entity responsible for administering federal securities laws
  • To recognize the various requirements for setting up an LLC
  • To recall the characteristics of the various provisions found in a buyout agreement
  • To identify the types of words that are required in a corporate name
  • To recall which levels of government typically have licensing and permit requirements
  • To identify the requirements of an S corporation
  • To recognize the characteristics of various forms of crowdfunding
  • To identify the easiest business entity to purchase from a legal perspective

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.