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 still in development. Your purchase includes its materials as they are published in your portal. No release date is confirmed. Buy 5 or more and every course is 30% off.
After payment is confirmed and your access is set up, the files listed below can be downloaded from your portal. Any unpublished materials will be added when ready, at no additional charge.
Files currently available
- Entity Comparison Matrix.
- Entity Selection Decision Tree.
- Formation Checklist.
- Form 8832 Election Walkthrough.
- State Entity Tax Reference.
- Slide deck.
- Visual: Roadmap.
- Visual: Two Layers.
- Visual: Check the Box Flowchart.
- Visual: Liability Shield.
- Visual: Tax Profiles.
- Visual: Losses Flow.
- Visual: Formation Flowchart.
- Visual: Worked Example Sole Prop.
- Visual: Four Way Comparison.
- Visual: One Entity Per Risk.
- Visual: Decision Tree.
- Workbook.
- The narrated lesson. 50 minutes, cued to the deck, with chapter markers by lesson. Added to your portal when published, at no extra cost. This purchase does not guarantee that the narrated lesson is available today.
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.