Entrepreneurship: To Inc or Not to Inc? Or LLC?

Entrepreneurship:  To Inc or Not to Inc?  Or LLC?
Resource Type
File Type

PDF

(3 MB|72 pages)
Product Description

To INC or Not to INC? Or LLC? can seamlessly integrate into entrepreneurial or business curriculum. It can be used as a stand-alone self-study course for home schooling or be implemented in the classroom as a whole or in small groups with a facilitator.

To INC or Not to INC? Or LLC? is not just another book about incorporating a business. Answering entrepreneurs and small business owners questions since 1992, while owning more than one small business, provided the author, Pearl Dahmen, with the inspiration to write To INC or Not to INC? Or LLC?.

Through her experiences, Pearl found entrepreneurs and small business owners want down-to-earth, common sense easy to understand answers, not the typical technical responses. Time and time again, Pearl’s clients understood and appreciated her original creative explanations and were able to make an informed decision. These explanations are the basis of this easy to read book, filled with cartoons and illustrations to reinforce ideas. Pearl wrote To INC or Not to INC? Or LLC? for anyone (teenagers to seasoned professionals) who might be interested in understanding legal entities.

Books about incorporating a business have been around for generations. This is the first book that makes the information fun to read and simple to follow. Relating the concepts to simple ideas (recipes and cakes) anyone can understand, Pearl uses cartoons and illustrations lighten up a subject many entrepreneurs find tedious and difficult to comprehend. It is a one of a kind book putting fun into business.

With the tremendous increase in small business start-ups in the past two decade, more and more people are finding themselves asking the question: Should I incorporate my business? To INC or Not to INC? Or LLC? can help a new or even seasoned small entrepreneur or business owner come to a well information decision.

The 70-page book is divided into two sections:

I. Business Characters – Descriptions of each legal entity.

II. The RECIPE – The process of choosing.

Section I, Business Characters, describes the options in a fun way using visual pictures. At the completion of this section, you will understand the five options for legal entity. To insure you understand, there is a test at the end of Section I.

After Section I, know you will understand your options. But, which one do you choose? This is where the confusion starts.

    • Which one is best?
    • Why should I choose one over another?
    • What if I choose the wrong one?
    • What are the benefits for me?
    • Who can I ask?
    • How can I decide?

Section II, THE RECIPE, walks you through the selection process. There are six ingredients to the recipe. Some of the ingredients have more than one element. The first ingredient, NEEDS, outlines five needs to evaluate. The evaluation will narrow down the choices from five to two or three. The next three ingredients will help to identify the best entity, and the final two ingredients will assist in finishing the process.

Concepts Covered:

• Legal Entities: Sole Proprietorship, Partnerships, Corporations &

Limited Liability Companies

• Liability & Asset Protection

• Costs vs. Benefits of each legal entity

• Advantages, Disadvantages of each legal entity

• Taxation differences between legal entities

• Steps in selecting a legal entity

Total Pages
72 pages
Answer Key
Included
Teaching Duration
N/A
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