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Legal Guide to Running a Small Business: Part 2

Exam Questions: 75
Course Level: Basic
Pages: 308 | Content: 286, Supplemental: 22
NASBA Area of Study: Management Services
Not Acceptable for: Enrolled Agents
Version: 8270

Covering a variety of topics, this new two-part course outlines how to tackle many of the legal issues confronting small business owners. This course is a compliment to course #8265: Legal Guide to Running a Small Business and will address even more legal issues that small business owners confront. PART 2 will tackle such topics as choosing the right insurance, addressing financial issues, negotiating contracts and leases, understanding home-based businesses, dealing with franchise issues, managing employees and independent contractors, and recognizing the importance of good customer relations. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Franchises: How Not to Get Burned
  • Insuring Your Business
  • Negotiating a Favorable Lease
  • Home-Based Business
  • Employees and Independent Contractors
  • The Importance of Excellent Customer Relations
  • Legal Requirements for Dealing With Customers
  • Cash, P2P Payments, Credit Cards, Checks and Cryptocurrency
  • Extending Credit and Getting Paid
  • Put It in Writing: Small Business Contracts
  • The Financially Troubled Business
Objectives
  • To identify the government agency that has nationwide regulatory powers over franchises
  • To recall the characteristics of various types of insurance coverage
  • To recognize the characteristics of various types of lease payments
  • To recall the IRS requirements for business use of a home
  • To recognize the legal requirements for hiring and firing employees
  • To identify the organization that consumers turn to for help when they are trying to solve a problem with a business
  • To recall the legal requirements for advertising
  • To recall the IRS reporting requirements on large cash transactions
  • To identify the characteristics of the various laws related to providing credit to customers
  • To identify the characteristics of legally binding contracts
  • To recognize the characteristics of the various chapters of bankruptcy

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.