Business Law for Small Business Owners (BLW4)

Overview

One of the most intimidating aspects of going into business for yourself is compliance. Tax, employment, and regulatory laws are difficult to navigate, so it often falls on the CPA to know the basics in these areas to help their clients avoid costly litigation. In this course, we will cover basic compliance areas for small business owners. We will look at the main elements of a contract, taxation of entity types, worker classification, property law, and many of the other areas that are often overwhelming for small business owners. By being able to speak to these issues, practitioners will be able to add value and help their small business owner clients grow and thrive.

Major Topics:

• Contract principles
• Legal issues related to various types of business organizations
• Worker classification
• Employee rights and the duties of employers
• Real property law

Learning Objectives:

• Identify the most common legal issues arising in the business context
• Recognize the role that accountants can play in identifying and resolving legal problems
• Identify compliance aspects of different entity types