Bright Business Lab — September
Tuesday, September 9, 2025, 9:00 AM PDT – 10:00 AM PDT
Virtual event
Hosted by Bright Business
Bright Business Lab — September Join us in September for a practical, two-part workshop designed for founders, freelancers, and small-business owners who want clarity on legal & tax choices and the skills to turn strategy into measurable action. Topic 1 — Choosing the Entity Type: Tax Forms & Owner’s Compensation Explained A clear, accounting-focused walkthrough of the main entity types: Sole Proprietorship, Partnership, LLC, S Corporation, and C Corporation. Learn how each is taxed and how owners typically pay themselves (draws, guaranteed payments, salary, dividends, distributions). We’ll cover: Which tax forms does each entity file How compensation works for owners under each structure LLC flexibility and how/when an LLC can elect S‑Corp or C‑Corp taxation Practical guidance to help you choose the right structure for growth Bonus: You don’t always need a new company to change tax treatment — e.g., an existing LLC can elect S‑Corp or C‑Corp tax status as needs evolve. Topic 2 — Strategy → Action: Build a One‑Year Business Operating System Most organizations confuse tasks with strategy; execution is the weak link. Research shows strategy implementation failure rates vary widely (estimates range from 28% up to 90%), and about 67% of well‑formulated strategies break down due to poor execution. Only 44% of leaders feel confident in their ability to implement strategy. Sources: Cambridge Core (review) and ClearPoint Strategy — https://www.cambridge.org/core/blog/2015/03/10/strategy-implementation-what-is-the-failure-rate/ https://www.clearpointstrategy.com/blog/strategic-planning-statistics In this session, you will learn how to: Translate high‑level strategy into an actionable one‑year operating cycle Build scorecards, accountabilities, and rhythms that keep teams aligned Turn plans into repeatable processes that drive organic, controllable growth Who should attend Founders, solo entrepreneurs, small‑business owners, and leaders who want to choose the right entity and put a repeatable operating system in place to ensure strategy becomes measurable action