HS 331 Audio: Planning for Business Owners and Professionals American College

1-1 - Determine the goals of a business owner in selecting a form of organization with respect to start-up costs, control over the operation of the business, personal liability for business operations, and flexibility in operation of the enterprise.

1-2 - Describe the basic tax treatment of the various types of business entities.

1-3 - Explain the causes of business termination resulting from the loss of an owner.

1-4 - Describe how owners of sole proprietorships, partnerships, limited-liability companies, and corporations are compensated.

1-5 - Identify the potential risk exposures of a typical closely held business.

2-1 - Describe how a proprietorship is formed and the legal unity of the business and personal assets of the proprietor.