Learn from Dave!

If you are a new business owner who just needs some guidance at an affordable price (and you are scared of all the stuff you see out there on the internet from so-called “industry leaders” who have never actually started a business in their entire lives), the Going Out on Your Own Series from Peters Professional Education is for you! David Peters is a CPA, financial advisor, and licensed insurance agent. You don’t need someone who just talks to small business clients. Learn from someone who is a small business owner. Learn from someone who has started several small businesses himself. Learn from someone who has experienced the struggles and triumphs of going out on your own. Learn from Dave!

  • Please Note: This course is NOT approved for NASBA CPE

Course Quick Facts

  • Course Length: Approximately 1.25 Hours

  • CPE Hours: 1.5 (Not NASBA Approved)

  • Course Level: Overview

  • Field(s) of Study: Taxes

  • Who should attend: Small business owners, accountants, and financial advisors who want to understand the advantages and disadvantages of different entity types.

  • Required Knowledge: None

  • Advanced Prep: None

Learning Objectives

Starting a business is tough! There are lots of decisions to be made and things to think about. You may feel like you have a great idea. You have done your marketing research, developed a prototype, and even looked at locations for your new office. Then it dawns on you…. What type of entity do I need to be? Is there really an advantage to choosing one entity type over the other? In this class, we will dig into the differences between entity types – from taxes to liability. We will even say some things about which entity types are harder to get setup!

  • Identify differences in how business entity types are taxed for income tax purposes.

  • Recognize how personal financial planning for a business owner is related to financial planning for a flow-through entity business.

  • Identify how S-Corporations are taxed for self-employment tax purposes.

  • Recognize double-taxation and when it applies.

Instructor

CPA, CPCU, MST, MBA

David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.

Course curriculum

  • 1

    Introduction

  • 2

    Downloads

    • Slides

    • Glossary
  • 3

    Lecture

    • Lecture
  • 4

    Review Questions

    • Review Questions
  • 5

    Evaluation

    • Final Evaluation
  • 6

    Feedback

    • Final Steps to Receive CE Credit(s)...

    • CE Credit Information

    • Student Feedback

    • Thank You!

Single Course Price