Rating 4.5 out of 5 (9 ratings in Udemy)
What you'll learn- Choosing which type of entity to use to form and organize a new business can be challenging. In this course, students will learn the tax advantages and disadvantages of a Sole Proprietorship, Partnerships, and Corporations, including S-Corporations and Non-Profit Corporations. Also, students will learn the Tax treatment of those various entities.
DescriptionThis course describes the advantages and disadvantages of various …
Rating 4.5 out of 5 (9 ratings in Udemy)
What you'll learn- Choosing which type of entity to use to form and organize a new business can be challenging. In this course, students will learn the tax advantages and disadvantages of a Sole Proprietorship, Partnerships, and Corporations, including S-Corporations and Non-Profit Corporations. Also, students will learn the Tax treatment of those various entities.
DescriptionThis course describes the advantages and disadvantages of various business formations such as a Sole Proprietorship, Limited Liability Company, Partnership, and Corporations. This course also explains the tax implications of those structures. After completing this course, the student will have acquired the ability to navigate through entity structures and effectively understand the various business structures' tax implications. As a bonus, the student will learn how to obtain an Employer Identification Number(EIN) for free. The course is broken up into six lectures comprised of PowerPoints, PDFs, hyperlinks, and a screen share on how to obtain your EIN for free. During the presentation, I give real-life client examples to reinforce the material. Tax rates are always a critically important factor in choosing the form of business organization, and individual and corporate rates are particularly important in 2018 and beyond. The rates demand a reconsideration of current businesses and a different analysis for new ventures. By comparing and contrasting C corporations' tax aspects, S corporations, partnerships, sole proprietorships, and limited liability companies, this course focuses on distinctions that can make significant differences in your business structure choice. Before starting a business, we advise entrepreneurs to attend this course, or if you already have a business, this is a must watch to help you decide if your current structure is the best.