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How to Choose the Right Entity: LLC vs. S-corp vs. C-corp (Udemy.com)

A clear explanation of the differences between LLC's, s-corporations, and c-corporations for entrepreneurs

Created by: Scott Brookens

Last updated July 2016

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What you will 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

How it compares

Against the other 1,210 rated Udemy courses in Business on CourseDuck:

  • Rating4.7 out of 5higher than 90% of them
  • Reviews259#852 of 1,211 by number of reviews
  • Length0.7 hoursshorter than 95% of them
  • Last updatedJuly 2016earlier than 97% of them

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Course Description

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! 

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Instructor Details

Scott Brookens

I'm a business law attorney and I help entrepreneurs start businesses. Before I became an attorney, I managed two small businesses from the initial startup phase through a fast-paced growth stage. It was a wild ride where I discovered a true love for all things business!

Additionally, I come from a family of business owners. My parents purchased a small business when I was young and they still own it to this day. While I was growing up, I worked for them and had the opportunity to see first hand the challenges and rewards that come with choosing the path of entrepreneurship. Now, I have the privilege of being their attorney and walking with them in a different way as they continue to grow their business.

Given my entrepreneurship background and legal expertise, I understand both the technical side of getting a business off the ground and I appreciate the risk and challenges that entrepreneurs must go through each day to keep their businesses up and running. All said, I love business and I love helping people start their own entrepreneurial journeys!

Lastly, but most importantly, I am a husband to an amazing wife and a father to two amazing children. My family is what drives me forward and keeps me going each day. I could not do what I do without their support every step of the way!

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Reviews

4.7

259 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Kenneth Earl Colvin on 7/2/2024

This is a great course. It's very helpful and useful. The teacher is a very good instructor. I look forward to more of his courses.

By Sheeja S on 11/27/2023

This course is a great beginner's course to understanding the basics of the different types of entities. The instructor is good teacher and easy to understand. The main objective of the course to be an overview was accomplished. I would have liked to hear a little more explanation on the points for the last section on the best option.

By Robert Voss on 11/2/2023

Perfect match for the stage of learning I'm in with regards to learning about differences between the different types of entities and the pros and cons of each of them.

By Richard Norquist on 11/22/2022

This was excellent information, and I learned a great deal in this course. Thank you for all your efforts. I will come back to this course and will review the information in the future. Thank you for your efforts and I wish you the best in the future.

By LeAnne Bradley on 12/5/2021

I really enjoyed listening to the information given and the instructor did an awesome job of putting things in simple and easy to understand ways. I am starting my own business and this was VERY insightful and a tremendous help.

By Emily Fraser on 1/4/2021

This course was wonderful. Easy to understand, recorded well, helpful information. It made choosing an entity very simple and straight-forward.

By William Fulton on 5/26/2020

This really helped me understand each type of entity and what they entail, even though I knew of them for years beforehand. It gave me an idea of what direction to go. However, I was a bit thrown off when the recommendation was LLC...especially when it discussed how an LLC member can choose to be taxed as any corporation. This was never hinted at throughout the main part of the course, and it was not made clear how or why someone can have (technically) an LLC, but choose to be "taxed as" an S-Corp or C-Corp.

By Adam Longtin on 6/6/2017

Course has some good information and is straight to the point, which I can appreciate. The content is definitely a quick overview, but for someone with very limited knowledge on the subject, such as myself, it is a great starting point for learning about and deciding which entity is best. Thank you.

By Joseph Abruzzo on 11/26/2016

This is a decent introductory course on legal entities. I found it useful and informative. Thank you for sharing your content knowledge and putting this course together.

By John Stanaway on 9/23/2016

This course was organized well and clearly presented. The concepts discussed were simply articulated and easy to follow. Illustrations were provided to help convey concepts more clearly. I would have rated this course 5 stars if it had provided a touch more detail about each entity type.

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Overall Score : 94 / 100