How to Choose the Right Entity: LLC vs. S-corp vs. C-corp
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:
- Why you need a legal entity for your business
- The differences between LLC’s, s-corporations, and c-corporations
- The tax advantages associated with LLC’s, s-corporations, and c-corporations
- 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
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?
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.
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.
This quiz will test your understanding of the benefits of operating your business under a legal entity.
Entity Options: Corporations & LLC's
In this lecture we discuss the corporation entity in detail, going into the legal and management structure of corporations in detail.
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.
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.
In this module, we discuss how c-corporations are taxed.
In this module, we discuss how LLC's are taxed.
In this module, we discuss how s-corporations are taxed.
This quiz will test your understanding of the tax consequences of each entity type.
Which Entity is Best and Course Review
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.
In this lecture we will summarize all the content that we covered in the course for your review.