4.45 out of 5
4.45
118 reviews on Udemy

How to Choose the Right Entity: LLC vs. S-corp vs. C-corp

A clear explanation of the differences between LLC's, s-corporations, and c-corporations for entrepreneurs
Instructor:
Scott Brookens
1,489 students enrolled
English [Auto-generated]
Know the difference between a corporation and an LLC, including the specific differences between c-corporations, s-corporations, and LLC's
Understand the benefits of operating a business under a legal entity
Understand the situations in which a particular type of entity is best and when they should form a c-corporation vs. an s-corporation vs. an LLC
Grasp the tax consequences associated with c-corporations, s-corporations, and LLC's

This course discusses in detail the differences between LLC’s, s-corporations, and c-corporations. So many entrepreneurs, when starting businesses, do not have a clear understanding of the differences between the different types of entities that are available and why one of those entities are better or worse than another. This course dives into the nuances that are associated with each type of entity. In the course we discuss: 

  1. Why you need a legal entity for your business
  2. The differences between LLC’s, s-corporations, and c-corporations
  3. The tax advantages associated with LLC’s, s-corporations, and c-corporations
  4. Situations in which you should choose one entity over another

This course covers a relatively complex topic, but explains that topic and associated concepts in a simple and easy-to-understand manner. Best of all, you should be able to complete the course in less than an hour! 

Introduction and Overview

1
Introduction & Overview

This lecture includes an introduction to the instructor and an overview of the content that will be covered in the course.

What is an Entity and Why are they Necessary?

1
Why is a Legal Entity Necessary?

In this lecture we talk in detail through the reasons why you should form a legal entity if you are considering starting a business. We talk through the main benefits that are associated with operating a business under the umbrella of a legal entity. 

2
Example of Benefits of Legal Entity

In this lecture, I provide a visual illustration and example of the main benefit of operating your business under a legal entity in order to better explain that benefit. 

3
Benefits of a Legal Entity

This quiz will test your understanding of the benefits of operating your business under a legal entity.

Entity Options: Corporations & LLC's

1
Discussion of Corporations

In this lecture we discuss the corporation entity in detail, going into the legal and management structure of corporations in detail. 

2
Discussion of Limited Liability Companies (LLC's)

In this lecture we discuss the LLC entity in detail, going into the legal and management structure of LLC's in detail and the differences / similarities between LLC's and corporations. 

Tax Considerations

1
Overview of Tax Considerations

In this lecture, we dive into some basic tax concepts that you need to understand in order to grasp the differences between c-corporations, s-corporations, and LLC's. 

2
C-Corporation Taxation

In this module, we discuss how c-corporations are taxed.

3
LLC Taxation

In this module, we discuss how LLC's are taxed. 

4
S-Corporation Taxation

In this module, we discuss how s-corporations are taxed.

5
Review of Tax Considerations

This quiz will test your understanding of the tax consequences of each entity type.

Which Entity is Best and Course Review

1
Which Entity Option is Best?

In this lecture we'll discuss the scenarios in which one entity is better than another and situations in which you should consider one entity option over another. 

2
Review and Conclusion

In this lecture we will summarize all the content that we covered in the course for your review.

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!
4.5
4.5 out of 5
118 Ratings

Detailed Rating

Stars 5
70
Stars 4
33
Stars 3
10
Stars 2
4
Stars 1
1
7e3a65e5340c7247577725482ef06019
30-Day Money-Back Guarantee

Includes

1 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion