The Business Starter Kit: A Guide to Small Business Ownership, Taxes and Accounting
How to start and run a small business for sole proprietorships and Single-Member LLCs.
Enroll in Course
The problem small business owners run into is that it's hard to know how to start a small business.
There is a lot of information online about entity structure and tax setups but most of it is guided towards corporations and large, established businesses. And while the tips may sound attractive, you might find out down the road that they don't even apply to your business. We created this course with you in mind, the single owner business that wants information about everything business-related, such as:
- How much it costs to start a small business based on the entity direction you take
- How to file small business taxes
- Where to file taxes for your small business
- How much a small business pays in taxes
- How to get your accounting books and records setup
- Considerations and topics you've never even thought about as a business owner
Business ownership doesn't come with an instruction manual. It's easy to start collecting payments for services or products that you create, but then what? No one tells you what to do next or how to stay compliant. Usually, business owners wing it until it's too late, and they are caught, have to pay penalties, and then try to unwind everything they've done. So we decided to fix that, and ensure that business owners START OFF on the right foot.
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We created The Business Starter Kit course for sole proprietors and single-member LLCs who generate income but aren't necessarily sure what to look out for, what to do or what compliance checks are along the way. This course will tell you what you need to know about:
- What you need to file as a sole prop or single-member LLC
- What expenses you can use against your income
- How to pay yourself
- What your financials will look like
- How certain deductions work and so much more
We also talk about small business insurance, efficiencies in running a small business, and tips that we've learned from working with hundreds of businesses day in and day out. Like our recommendations for the best small business banks and best accounting software for small businesses.
This course should be the first step for every business owner who is thinking of starting out in business or just after they begin to collect income as a self-employed individual. This course will pay for itself in tax and time savings.
Your Instructor
We're ENGAGE CPAs, small business owners, and small business advisors with a passion for helping business owners understand their business, their numbers, their taxes and how it all works together.
Course Curriculum
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StartSole Proprietorship/Sole Prop (1:59)
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StartSingle-Member LLC (SMLLC) (2:16)
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StartDoing Business As (DBA) (1:03)
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StartOwner Draw/Distribution (1:38)
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StartOwner Investment/Contribution (1:14)
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StartCash Basis Accounting (4:08)
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PreviewIndependent Contractor (Subcontractor/1099 Worker) (4:49)
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StartIndividual/Personal Tax Return (1040) (2:58)
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StartSchedule C : Profit and Loss from Business (Sole Proprietor and Single-Member LLC) (7:33)