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BusinessEntrepreneurshipBusiness Strategy

How to Choose the Right Business Type: LLC vs. S-Corp

Complete Guide on Correctly Choosing the Right Business Type: Sole Proprietorship vs Partnership vs LLC vs Corporation
Rating: 4.1 out of 54.1 (54 ratings)
1,555 students
Created by Sam Mollaei, Esq.
Last updated 2/2016
English
English [Auto]

What you'll learn

  • Choose the correct business type for your business
  • Have an understanding of the fundamentals of the most common entities, including Sole Proprietorship, Partnership, Limited Liability Company (LLC), C-Corporation, and S-Corporation
  • Learn the advantages and disadvantages of each business type
  • Discover how to form and create the most common business types, including Sole Proprietorship, Partnership, Limited Liability Company (LLC), C-Corporation, and S-Corporation
  • Decide if you currently using the correct business type for your business
  • Become a more knowledgeable and more well-equipped entrepreneur
  • Save $500 dollars for hiring a business lawyer for general information you can get here
  • Save time and money by deciding on the right business structure for your business

Requirements

  • Students don’t need anything — just an interest in learning how to start your business

Description

★ JOIN 1,000+ STUDENTS WHO HAVE CHOSE THE CORRECT BUSINESS STRUCTURE FOR THEIR BUSINESS & INCORPORATED THEIR BUSINESS ON THEIR OWN!


Are you an entrepreneur, online business owner, or small business owner? 

Are you confused about how to start your business? 

Do you want to know the difference between a Sole Proprietorship, Limited Liability Company, or Corporation?

This course is a comprehensive overview to help you understand the differences and advantages and disadvantages of the most common business types, including: Sole Proprietorship, Partnership, Limited Liability Company LLC, C-Corporation, and S-Corporation.

Most people are surprised to find out that you don't need a business lawyer to choose and form the correct business structure for your business. 

You can easily create your own Limited Liability Company LLC or Corporation which we will go over in detail in this course.

By the end of this course, you’ll be well-equipped to know which business type is right for your business, how to form and create your desired business, and have a business lawyer answer any questions you may have about starting your business by just enrolling in this course.

For less than the cost of one-hour of legal work, you’ll be in great position to start your business and save money on a business lawyer.


★ Student review by David M. O'Neill, “The information provided is quite valuable to anyone considering incorporation of some form. Obviously, more research is needed to make final decisions and this material and training will make that process easier."

★ Student review by Mi Tay, "It is easy to understand and a student can readily compare and contrast the best business entity set up that is appropriate for their needs. The course describes the pros/cons of each type of business from personal and tax liability aspects. Very good reference."


► WHO AM I?

My name is Sam and I’m a business lawyer in Los Angeles who represents entrepreneurs, creative artists, and business owners with their new and existing businesses.

As a business owner and entrepreneur for over a decade, I have found the legal aspect of business to be daunting and confusing. After consulting and teaching business law for many years, I decided to combine my passion in video production and teaching to create online courses to make the legal aspects of business as easy and approachable as possible.

I have a strong passion in sharing my secrets and I hope to inspire you to succeed in your business. I know your time is valuable so I don’t fill up my courses with useless jargon — you only get the necessary information you need to succeed.

Sign up and find out for yourself why so many people are taking and recommending my courses!


► WHY DO I NEED TO TAKE THIS COURSE?

The most important step in getting your small business off the ground is choosing the right ownership structure for your needs.

As a business owner, you face many decisions when it comes to starting, running, and growing your business. 

This course is designed to illustrate your business options and help you decide what structure your business will take.

Whether you’re deciding between a Sole Proprietorship, Partnership, Limited Liability Company LLC, C-Corporation, or S-Corporation, this course will clearly explain the advantages and disadvantages of each one, what the incorporation process entails, and your post-incorporation requirements — such as filing annual statements with your state of incorporation.

Your choice of business structure should be informed by a thorough and honest appraisal of your company, and of your own strengths and weaknesses as an owner.

You can also save money on not having to hire a business lawyer. By taking this course, you don’t need to consult a business lawyer when you’re starting a business. 

Knowing how how to start your own business will save you a lot of time and money.


► COURSE TOPICS

  • Sole Proprietorship - What is it and Advantages & Disadvantages

  • How to Form a Sole Proprietorship

  • Partnership - What is it and Advantages & Disadvantages

  • How to Form a Partnership

  • Limited Liability Company (LLC) - What is it and Advantages & Disadvantages

  • How to Form a Limited Liability Company (LLC)

  • C Corporation - What is it and Advantages & Disadvantages

  • How to Form a C Corporation

  • S Corporation - What is it and Advantages & Disadvantages

  • How to Form an S Corporation

  • Deciding Between C Corporation and S Corporation

  • Clear step-by-step guide on how to form each common business type so you can get started on your business


★ COURSE BONUSES ★

  • Sample Partnership Agreement - you will need to use a Partnership Agreement between yourself and your other business partners to form a partnership.

  • Resources to Obtain Business Licenses & Permits - To run your business legally, there are certain federal and state licenses and permits you will need to obtain. These resources will help you understand the requirements for your small business.

  • Small Business Legal Compliance Inventory Checklist - checklist that will help you determine if your company is sufficiently legally protected in different areas of business concerns.

  • Form 8832 Entity Classification Election - a business may use this form to elect how it will be classified for federal tax purposes.

  • Form 2553 Election by a Small Business Corporation - An eligible C Corporation may use this form to elect to be classified as an S Corporation for tax benefits.


What makes this course unique is that it’s a comprehensive course on everything you need to know about choosing the correct business type and getting started on your business.

Don’t worry, it’s clear and simple.


► WHAT YOU GET

  • Over 17 video lectures clearly explaining each common business type and step-by-step instructional video teaching you how to form your business!

  • Lifetime access, ask questions, and see the newest information available about choosing the correct business structure!

  • Avoid paying a business lawyer upwards of $350 an hour for general legal advice

  • Quick actionable resources and links to help you start your business

  • Ask me, a business lawyer, questions directly. I’ll be updating the content of this course based on your questions. By enrolling in this course, you’ll have the opportunity to ask questions and get personal feedback.

  • Certificate of Completion

  • Discounts on future courses

  • 30-Day Money Back Guarantee. If you are not completely satisfied with my course for any reason whatsoever, I will offer you a full refund. No questions asked.


Thank you for making this the best selling business structure course on Udemy! I show my gratitude by consistently making new lectures and answering your legal questions in the course discussion!


► What are you waiting for? 

Every day you wait is costing you money!

Don’t forget that this course is covered by Udemy’s 30-DAY MONEY BACK GUARANTEE - so you don’t have anything to lose.

★ Enroll right now!

Who this course is for:

  • Entrepreneurs
  • Online Business Owners
  • Small Business Owners
  • Start-ups
  • Independent Contractors
  • Those who are looking to save time and money. Your time is valuable. That’s why I didn’t fill up my course with useless jargon. You only get the necessary information you need to choosing the correct business type and forming your business.

Instructor

Sam Mollaei, Esq.
#1 Rated Business Lawyer for Entrepreneurs!
Sam Mollaei, Esq.
  • 4.2 Instructor Rating
  • 1,786 Reviews
  • 29,635 Students
  • 10 Courses

In 2013, I took the leap to start a virtual law firm so I could help entrepreneurs start their own online business and work online on my laptop from anywhere in the world (...best decision I've EVER made).

Since then, my team and I have assisted more than 6,200+ entrepreneurs start their business and our done-for-you service is backed by more than than 3,026+ 5.0 Star Google Reviews ????? from clients who love our QUICK and STREAMLINE ONLINE SERVICE.

Clients typically come to us when they're looking to start their business but don't know how to and don't want to deal with complicated legal forms.

Do any of these issues sound familiar to you?

Join over 6,200 entrepreneurs who have trusted our service to start their business.


Why do I teach? As a business owner, I have found the legal aspect of business to be COMPLICATED and CONFUSING.

After teaching business law for many years, I decided to combine my passion in video production and teaching to create online courses to make the legal aspects of business as easy and approachable as possible.

I have a strong passion in sharing my secrets and I hope to inspire you to succeed in your business!

I know your time is valuable so I don’t fill up my courses with useless jargon — you only get the necessary information you need to succeed. 

Sign up and find out for yourself why so many people (more than 40,000 and counting) are taking and recommending my courses!

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