Entrepreneurship Question


Here is the link to the video lecture presentation on YouTube: https://youtu.be/YaA9mvEuHtI

Extra content for understanding the concepts

Legal Structure

Legal Forms video by John Deere Financial: https://youtu.be/A-Up-JUkaj0

Determining the Best Legal Structure for Your Business: https://www.entrepreneur.com/article/236450

Small Business Encyclopedia – Legal Structure: https://www.entrepreneur.com/encyclopedia/category/business-structure

Sole Proprietorship: https://www.entrepreneur.com/encyclopedia/sole-proprietorship

Partnership: https://www.entrepreneur.com/encyclopedia/partnership

SBA Legal Forms: https://www.sba.gov/business-guide/launch-your-business/choose-business-structure

Legal Documents/Forms

Legal Forms and Legal Documents: https://www.lawdepot.com/contracts/groups/?loc=US#.YsxQ3HbMK39

The Top 7 Legal Documents for Every Startup: https://www.entrepreneur.com/article/253997

Business Licenses and Permits

Federal and State from SBA website: https://www.sba.gov/business-guide/launch-your-business/apply-licenses-permits

State Licenses and permits from Entrepreneur Magazine: https://www.entrepreneur.com/article/38882

Sales Tax

Taxable services in Texas: https://comptroller.texas.gov/taxes/publications/96-259.php

Non-profit sales tax exemption: https://comptroller.texas.gov/taxes/publications/96-122.php

Texas – Taxes at grocery and convenience stores: https://comptroller.texas.gov/taxes/publications/96-280.php

Other Taxes and Non-profits

Business taxes: https://www.irs.gov/businesses/small-businesses-self-employed/business-taxes

Charities and Non-profits: https://www.irs.gov/charities-and-nonprofits


Types of Business Insurance: https://www.thehartford.com/business-insurance/types-of-insurance

Special Coverage Insurance: https://www.entrepreneur.com/encyclopedia/special-coverage-insurance


For this Reflection, I am going to ask you to ingest the material and synthesize it into a six-page essay. Use all six pages to convey your answer.

You have been hired to write an article for a local “young entrepreneurs” club newsletter and website. The topics that you’ve been assigned to write about include: legal structure, legal documents and forms, business licenses and permits, sales and business taxes, and insurance. The article is meant to introduce young people with interests in entrepreneurship and starting a business to these important topics. After a thorough study of these topics, write up a “things you must understand” article for the club. Use your own words and make it readable to the young, inexperienced, and enthusiastic audience–make it readable and less scientific-looking with lots of cites and sources. The club newsletter and website article should be directed to a local audience within your state. Be helpful, be thorough, be interesting, and be an authority.

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