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LEGAL MATTERS YOU SHOULD KNOW ABOUT FOR YOUR SMALL BUSINESS
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Start 2022 with a bang!! Make sure to review your existing business arrangements and legal requirements in 2022. And if you are one of the many Americans contemplating starting their business, you must ascertain that your business is set up properly and that you know your rights as a business owner.
My special guest, Michael Safren, a business lawyer from Washington State will help you understand the law as it relates to your small business.
Don’t miss this important live show because it is important to know and understand what you are getting into when forming your business entity.
Here are some HIGHLIGHTS from this episode.
07:01 Common types of business entrepreneurs can choose from
08:15 Value of a business entity
08:46 Sole proprietorship
09:13 Limited Liability Company (LLC)
09:31 Corporation
10:36 How do entrepreneurs choose the right entity for their business?
11:55 Advantages of choosing a limited liability corporation
12:41 LLC vs. S corporation
13:16 Tax implications for C Corporations
15:14 Understanding your tax regime
16:15 The 4 Ds in business
19:11 Buy and Sell agreement
23:42 Understanding Business Contracts
26:06 Do contracts have to be in writing?
28:05 The Uniform Commercial Code (UCC)
31:42 The scope of business law
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