Course sections

Legal and Tax Considerations

Objectives

  1. Understanding the different legal structures available to a location independent business, such as sole proprietorship, partnership, limited liability company (LLC), and corporation (although this is US-focused, we will generally discuss the most common structures available in most jurisdictions)
  2. Learn how to choose the right legal structure for your business based on your specific needs and goals.
  3. Understanding the importance of registering your business with the appropriate government agencies in order to operate legally and protect your personal assets.
  4. Understanding the importance of protecting your intellectual property, such as trademarks, copyrights, and patents, and the steps you can take to do so.
  5. Understanding the tax implications of operating a location independent business and learn how to properly report and pay your taxes (it is still advised to get independent tax advisory as we will be discussing this in general terms and tax issues are usually dependent on personal circumstances).