In this module, Suzi covers the tricky question of choosing the legal structure for your own business. This is something you will need to address at an early stage and it is important to make the right decision for you personally.  Suzi gives you all the information you need to enable you to make an informed decision

MODULE 6: "Legal Formation - How to choose a legal structure for your business"

This module covers legal formation of your business and in particular:

• What options you have for legal formation
• Why you must choose the legal structure
• Why it is important to choose the right option
• How each structure will make a difference to how you have to run your business
• What happens if you make the wrong decision and you need to change your mind
• Types of business structures
• A full understanding of Sole Traders and how to set up as a Sole Trader
• A full understanding of Partnerships and how to set up a Partnership
• A full understanding of Limited Companies and how to set up a Limited Company
• Suzi's visual diagrams and descriptions which she created many years ago to make complex issues very easy to understand
• The pros and cons of sole traders, partnerships and limited companies
• What are the tax implications of each legal structure
• How does each legal structure enable you to draw a salary or income
• What forms you need to complete to register and trade under your chosen business structure
• How the legal structure changes the way contracts are drafted for your business
• The difference in personal liability for each type of business structure
• Why you must seek the right advice
• The role of the accountant within your chosen structure.
• Conclusions on legal formation .

Who teaches the class?

Suzi teaches the cake business online tutorials based on sell out face to face business classes. Having used the model herself and having taught hundreds of students who have gone on to set up and run highly successful businesses, Suzi knows that her model works - and works well.

Suzi has years of experience working in the cake industry but also draws on 11 years business experience (prior to making cakes) working in some of the most powerful markets in the world. You will gain the benefit of her experience in setting up a cupcake business based on the model of Pretty Witty Cakes but in addition you will benefit from her knowledge gained as a top lawyer in the City of London where she was employed by some of the world’s highest ranking law firms. Suzi also draws on many of the skills she learnt at Oxford University where she obtained a 1st class honours degree.

Why follow online?

Unlike live classes, the online cake business tutorials enable you to stop and rewind as much as you like. You can also ask questions any time under the video or in the forum. The business module will consist of a series of up to 50 different parts released over coming months and each part will have it's own set of downloadable templates and precedent documents - all created by Suzi for you to use at home.

During the Cake Business Tutorials, Suzi will talk about all the tricks of the trade, insider tips and techniques to make your business stand out from the rest. Most importantly, she will cover all the essential topics that you need to know about to QUICKLY set up your business so you can start making profits within a short space of time rather than wasting time and money researching everything for yourself.

Other Projects in this Business Section

Future and current modules will include everything that is relevant to running a cake business from home including:

• Things to consider before you start
• Kitchen registration
• Food Hygiene Exams and Qualifications
• Naming your business
• Choosing the best formation (i.e. sole trader, limited company, partnership etc).
• How to create a website which performs well and will attract customers.
• How to effectively advertise your business to bring in customers.
• Pricing – How to set prices for the products you are selling.
• How to deal with customers, wedding consultations, corporate clients and suppliers.
• How to watermark and copyright your photos and what to do if your photos are stolen online. (For photography, see our Food Photography Class).
• How to stand out above your competition and how best to deal with competing businesses.
• Identifying your strengths and weaknesses and applying them to your business.
• A fast understanding of the necessary things you need to know about spread sheets, invoices and accounting
• A detailed understanding of tax including VAT, why it may be relevant to you and the differences between trading as a sole trader and a limited company.
• What insurances you need and why.
• How to run a successful business around your children.
• Difficult business partners and/or customers
• How to avoid burnout when running your own business

And much more more to be revealed...

All content in the videos, templates, downloads, fact packs and materials in the online tutorials is copyright to Pretty Witty Cakes.  You can use for the purposes of running a business making cakes but not for teaching business classes. You cannot sell, distribute, upload or otherwise use any material from the templates or materials tab without permission.