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

Created by: Scott Brookens
Attorney / Entrepreneur

What Will I Learn?

• 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

Requirements

• This course is designed for beginners, but a basic background in business concepts is beneficial

Target audience

• This course is designed to help individuals that are interested in starting a business or individuals that want to know more about legal and tax concepts associated with starting a business
• This course will not benefit individuals that are not starting a business or are simply not interested in the legal and tax aspects of starting a business.
• This course covers technical concepts and, therefore, individuals not interested in technical details should not take this course