How Do You Legally Set Up a Business?

The video tutorial provides a comprehensive guide to setting up a business, covering financial setup, legal structures, and the importance of expert advice. It explains different business entities like sole proprietorships, partnerships, LLCs, and S Corporations, highlighting their legal and tax implications. The tutorial emphasizes the need for separating personal and business finances and the benefits of consulting with professionals like CPAs and attorneys to avoid costly mistakes.

What is the first step to setting up your business finances correctly?

Why is it important to separate business money from personal money?

What are the advantages of using a business checking account over a personal account?

What is a sole proprietorship and what are its implications for the owner?

What steps must be taken to form a partnership?

How does an LLC protect its owners compared to a sole proprietorship?

What are the tax implications of choosing an S Corporation as a business structure?