Course 4.1 · 50 minutes
Starting a Business the Right Way: Setup, Startup Costs, and Your First Tax Year
Set up a new business so the tax side is right from day one, deduct your startup costs, and get through the first tax year without penalties.
- Who it is for
- New owners and anyone with a side business that has grown past a hobby.
- Runtime
- 50 minutes
Pre-order: this course is in development and appears in your portal the day it is released. Buy 5 or more and every course is 30% off.
Instant download after payment. Nothing is withheld for a later purchase.
What you receive
- New Business Tax Setup checklist, federal with state placeholders
- Startup Cost Tracker with the section 195 computation (Excel)
- Estimated Tax Calculator
- First-Year Tax Calendar
- Section 195 deduction statement, annotated
- The narrated lesson. 50 minutes, cued to the deck, with chapter markers by lesson. Emailed to you the day it publishes, at no extra cost.
What the course covers
- 01The tax identity of a business: what you are by default5 min
- 02Setup: tax number, bank account, licenses, registrations, and bookkeeping from day one8 min
- 03Startup and organizational costs: the first-year deduction and the amortization of the rest7 min
- 04Self-employment tax and the first Schedule C7 min
- 05Estimated taxes: the safe harbors and the four dates7 min
- 06Worked example: a side business with 40,000 dollars of revenue in year one8 min
- 07Tricks of the trade: separate everything, hire the bookkeeper early, and set up the accountable plan now4 min
- 08Mistakes and traps: commingling, the hobby loss rules, and sales tax you did not know about4 min
How it fits: Entry course. Feeds 5.1 for entity choice and 7.6 for estimated taxes.
The standard every course holds
- A narrated lesson of 45 to 60 minutes, produced as audio
- A designed slide deck you download and keep
- A computational workbook that runs the actual legal tests
- A toolkit of checklists and protocols
- A legal authority appendix carrying the two-pass vetting protocol
Written for a diligent reader with no legal education. Professionally narrated using a studio voice model of Brian T. Boyd. The course is recorded instruction, not a live consultation.
Where this course sits
Track 4: Business Planning
This course is one step in a track built around a single outcome. See the full build order and the other courses that get you there.
Back to this trackEducational material from the private client curriculum of Brian T. Boyd. This is legal education for a general audience, not legal advice, and no attorney-client relationship is created by purchasing, viewing, or using it. Tax outcomes depend on your facts and your state.