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Legal and Financial Basics for Starting Your Business

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By Chloe Adams

By Chloe Adams

Digital marketing specialist for new businesses.

This course provides an overview of the legal and financial considerations for starting a business, including choosing a business structure (LLC, sole proprietorship, etc.), obtaining licenses, and setting up financial accounts for tax compliance.

Why It’s Worth It

Unlock real value — from fast results to long-term transformation.

Gain clarity on legal structures that protect your business and personal assets.

Develop essential financial skills for budgeting, planning, and compliance.

Navigate the complexities of starting a business with confidence and ease.

Your Learning Roadmap

See everything included in your journey — from quick wins to deep dives.

Choosing the Right Business Structure

This module covers different business structures such as LLCs, sole proprietorships, partnerships, and corporations. It explains the advantages and disadvantages of each form and the legal implications regarding liability and taxation. Introduction to Business Structures Comparing Pros and Cons Legal Implications and Liability

Licensing and Permits Essentials

This module explains the range of licenses and permits required to legally operate a business. It discusses local, state, and federal requirements, and provides strategies for navigating bureaucratic processes. Overview of Licensing Requirements Navigating Application Processes Maintaining Compliance

Foundations of Business Finance

This module covers the basic principles of business finance, including budgeting, cash flow management, and financial planning. It helps learners build a solid foundation for making informed financial decisions. Understanding Financial Statements Budgeting and Cash Flow Financial Planning and Forecasting

Tax Compliance and Financial Setup

This module delves into tax compliance necessary for startups. It discusses tax registration, record keeping, and setting up financial accounts to meet legal requirements and streamline tax preparation. Understanding Tax Obligations Setting Up Financial Accounts Effective Record-Keeping Strategies

Managing Financial Risks and Future Planning

This module addresses the methods and strategies for mitigating financial risks and planning long-term business success. It covers risk management, insurance, contingency planning, and strategies for scaling financial systems. Identifying Financial Risks Risk Mitigation Strategies Long-Term Financial Planning

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What Users Are Saying

Feedback from people exploring the learning experience
This course was incredibly informative! I finally understood the difference between an LLC and a sole proprietorship, which helped me make the right decision for my startup.
Aisling O'Sullivan
Great course! The section on obtaining licenses was a bit overwhelming, but overall, the information was useful for getting my business off the ground.
Jamal Khan
I loved this course! The financial setup parts were especially helpful, and I now feel confident in managing my business finances.
Sofia Mendes
The legal aspects were explained in a simple way that made everything clearer. I'm much more prepared to start my business now!
Nguyen Minh Tuan
Very thorough content! I appreciated the real-life examples, but I wish there had been more interactive elements to engage with.
Olivia Johnson
As someone new to entrepreneurship, this course provided a solid foundation. The checklist for compliance made it easy to follow!
Kwame Owusu

All You Need to Know

Explore quick answers to common questions about your learning experience

Start Your Business Journey

Enroll now to master the legal and financial aspects of starting your business!

Real-time learning through chat with AI assistant.

Instant feedback on queries for better understanding.

Tailored explanations with practical applications.

Engagement through interactive lessons.

Learning accessible anytime and anywhere.

Flexibility to work through modules at your own speed.