Legal Basics and Business Entity Formation: Crash Course Business Entrepreneurship

The video explores various business structures, including sole proprietorships, partnerships, corporations, LLCs, co-ops, and nonprofits. It discusses the pros and cons of each, focusing on liability, taxes, and funding. The video also guides viewers on choosing a business structure and the steps to legally register a business, emphasizing the importance of understanding legal and financial implications.

What are the main features of a Limited Liability Company (LLC)?

What is the purpose of a cooperative (co-op) and how is it structured?

How does a nonprofit corporation operate and what are its benefits?

What are the requirements for registering a business in the US?