BA410.com » Class 03: Business Basics http://ba410.com Start a Business Thu, 30 Jul 2009 20:21:38 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Objectives: Class 3 — Business Basics http://ba410.com/need-to-know/ http://ba410.com/need-to-know/#comments Fri, 03 Jul 2009 16:00:20 +0000 Tim Berry http://ba410.timberry.com/?p=29 OBJECTIVES

In this class you will learn:

  • Types of startups, from the simple one-person business to the sophisticated high-tech startup financed by venture capital, with a lot in between.
  • Choosing a business name, and how to own the name.
  • Basic legal entities: corporations, LLCs, sole proprietorship and fictitious business name and “doing business as” (DBA).
  • The business location: home office, retail store, business offices, and so on.
  • What’s a business plan, and why is it useful?

OVERVIEW

With the business concept decided, how do you want to set up your business? These decisions are the nuts and bolts of building your business foundation:

  • What is the best legal structure for your business? What are the costs? Which one makes the most sense for your business?
  • Will you have a partner? If so, what will the tax implications be for both of you?
  • Is your business name already being used by someone else? How can you find out?
  • Do you need a storefront location to reach your customers?

DEFINITION

]]> http://ba410.com/need-to-know/feed/ 0 Reading: Class 3 — Business Basics http://ba410.com/reading-need-to-know/ http://ba410.com/reading-need-to-know/#comments Fri, 03 Jul 2009 15:00:43 +0000 Tim Berry http://ba410.timberry.com/?p=79
  • 3 Weeks to Startup, Chapter 2, Need to Know, pages 21-23
  • 3 Weeks to Startup, Chapter 4, Make it Legal
  • 3 Weeks to Startup, Chapter 17, Paying Taxes

    • (Optional Reading)

    ]]>     http://ba410.com/reading-need-to-know/feed/ 0     Basics of Business Structure http://ba410.com/basics-of-business-structure-2/ http://ba410.com/basics-of-business-structure-2/#comments Tue, 13 Jan 2009 23:16:12 +0000 Tim Berry http://ba410.com/?p=290 Nice summary, an excerpt of a book on business structure.

    ]]>     http://ba410.com/basics-of-business-structure-2/feed/ 0     Basics of Business Structure http://ba410.com/basics-of-business-structure/ http://ba410.com/basics-of-business-structure/#comments Mon, 13 Oct 2008 23:16:12 +0000 Tim Berry http://ba410.com/?p=290 Nice summary, an excerpt of a book on business structure.

    ]]>     http://ba410.com/basics-of-business-structure/feed/ 0