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How to Choose the right Business Entity for your Company

Learn about the most common business entities and taxation options so you can make an educated choice for your company.
Adam Famulary
24 students enrolled
English [Auto-generated]
Have an understanding of the fundamentals (along with the pros and cons) of the most common business entities in the United States.

Entrepreneurs and small business owners are faced with what business entity (if any) they should use for their company. This course informs you as to the pros and cons of each business entity type so you can decide for yourself what the best business entity is for your business venture. Although I am a lawyer, I use layman terms and teach in a straight forward, no nonsense manner to help you understand the principles discussed.

Educate Yourself to Limit Liability in the Future
•Learn the difference between an LLC, corporation, and other business entities
•Find out if you even need a business entity at all
•Learn how to incorporate and organize an LLC
•Learn how to save money on taxes

Make Educated Business Decisions
You are super busy and faced with many decisions throughout the course of starting a company. One of the more important questions you are faced with is the type of business entity that you should form. This course discusses and gives examples of the general partnership, limited partnership, corporation, limited liability company, sole proprietor, "doing business as", and others. This course is perfect for those starting new business ventures as well as small business owners seeking to learn if they should be in a different type of business entity.

Content and Course Overview
In 8 Lectures and 59 minutes of content, I tell you about the various business entities available, using many examples for clarity. You will learn why the corporation has been so widely used, as well as why the LLC has been so popular as of late. I go into detail about how exactly the various business entities vary in limiting liability (including how sometimes they don't limit liability at all).

We also discuss the basics of business entity taxation, as well as some advanced taxation topics, such as how an LLC can be taxed as a corporation to save money on self-employment tax.

I designed this course to be beneficial for everyone, from the rookie entrepreneur to the seasoned small business owner.

After engaging in the lectures and participating in the end-of-course exam, you will understand the pros and cons of various business entities better than many lawyers.



Course Outline


Background of the Corporation
Personal Liability of a Shareholder

An in depth discussion of what types of liability a shareholder of a corporation is and isn't protected from.

Limited Liability Companies

Background and Definition of the LLC

Understand how a LLC differs from a corporation or partnership.

Composition and Organization

Composition of a Corporation and LLC
How to Incorporate and Organize an LLC

Other Business Entities

Other Commonly used Business Entities

Introduction to Taxation of Business Entities



Final Exam
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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1 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion