Foundations of U.S. Business & Tax Strategy
About Course
This foundational course is designed for entrepreneurs and small business owners seeking to understand the basics of U.S. business structures and tax strategies. It combines interactive discussions, real-world case studies, and practical exercises to equip participants with essential knowledge.
Key Modules:
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Understanding U.S. Business Entities: Sole Proprietorships, LLCs, S-Corps, and C-Corps
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Introduction to Federal and State Tax Obligations
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Basic Tax Planning and Compliance
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Record-Keeping and Financial Reporting Essentials
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Interactive Q&A Sessions with Tax Professionals
Learning Outcomes:
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Grasp the differences between various business structures and their tax implications.
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Develop a foundational understanding of tax obligations and planning.
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Establish effective record-keeping practices to ensure compliance.
Course Content
Week 1: Business Foundations
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Day 1: Introduction to Business Structures (LLC, Corp, Sole Prop, etc.)
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Day 2: Legal Requirements (EIN, licenses, bank accounts)
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Day 3: State vs. Federal Compliance
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Day 4: Choosing the Right Entity (real-world examples)
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Day 5: Live Q&A and Business Planning Exercise