Course 5.1 · 50 minutes
The Entity Map: Sole Proprietor, LLC, Partnership, S Corporation, C Corporation, and How Tax Classification Works
See the whole landscape of business entities and understand the difference between what you form and how the IRS taxes it, so every later choice makes sense.
- Who it is for
- Anyone forming or owning a business.
- Runtime
- 50 minutes
Pre-order: this course is in development and appears in your portal the day it is released. Buy 5 or more and every course is 30% off.
Instant download after payment. Nothing is withheld for a later purchase.
What you receive
- Entity Comparison Matrix, legal and tax attributes with real numbers
- Entity Selection decision tree
- Formation checklist by entity type
- Check-the-Box election guide with a Form 8832 walk-through
- State Entity Tax reference with Tennessee detailed
- The narrated lesson. 50 minutes, cued to the deck, with chapter markers by lesson. Emailed to you the day it publishes, at no extra cost.
What the course covers
- 01Two layers: the legal entity and the tax classification7 min
- 02The check-the-box rules: default classifications and the two election forms7 min
- 03Liability protection: what it does, what it does not, and the personal guarantee6 min
- 04The tax profiles side by side: self-employment tax, double tax, pass-through, and losses9 min
- 05Formation mechanics and cost, including state entity taxes6 min
- 06Worked example: the same 150,000 dollar business under four classifications8 min
- 07Tricks of the trade: start simple, elect later, and one entity per risk4 min
- 08Mistakes and traps: forming in the wrong state, the single-member veil, and forgotten state taxes3 min
How it fits: Entry course. Required for 5.2 through 5.6 and for Tranche 6.
The standard every course holds
- A narrated lesson of 45 to 60 minutes, produced as audio
- A designed slide deck you download and keep
- A computational workbook that runs the actual legal tests
- A toolkit of checklists and protocols
- A legal authority appendix carrying the two-pass vetting protocol
Written for a diligent reader with no legal education. Professionally narrated using a studio voice model of Brian T. Boyd. The course is recorded instruction, not a live consultation.
Where this course sits
Track 5: Entity Types for Businesses
This course is one step in a track built around a single outcome. See the full build order and the other courses that get you there.
Back to this trackEducational material from the private client curriculum of Brian T. Boyd. This is legal education for a general audience, not legal advice, and no attorney-client relationship is created by purchasing, viewing, or using it. Tax outcomes depend on your facts and your state.