LLC vs. S-Corp vs. C-Corp Explained in 100 Pages or Less

by Mike Piper

The "LLC, S-Corp, or C-Corp" question is one of essential importance:
Make the right decision, and you'll be paying less tax; you'll know your personal assets are protected from lawsuits against your business; and you might even save yourself some money on accounting and legal fees.
Make the wrong decision, and you'll be throwing away money to Uncle Sam; you'll be wasting money on legal bills; and you'll be only a lawsuit away from losing your home and other personal assets.

Find the following, explained in plain-English with no legal jargon:
The basics of sole proprietorship, partnership, LLC, S-Corp, and C-Corp taxation.
How to protect your personal assets from lawsuits against your business.
When the protection offered by an LLC will work. (And more importantly, when it will not!)
Which business structures could reduce your Federal income tax or Self-Employment Tax.

Genres: Business, Reference

121 pages, Kindle Edition

First published February 1, 2008

Reviews

[Nayef Kazzaz · Rating 3 out of 5]

Higher an attorney, u r better off with an llc.

Basically it gives hints about everything to understand the lingo of your attorney if you have one. I mean it is 100 pages what did you expect. Well I would have hoped if he is recommending hiring an attorney so frequently a chapter should have been dedicated on how to find one.

I wish he wrote a brief chapter on professional corporation , basically if you are a health care related profession then this book doesnt add anything to you, same goes for any profession requiring some sort of licensing.

[Steve · Rating 5 out of 5]

Excellent summary of the different entities you may consider for starting your own business.

[Maybelyn Plecic · Rating 5 out of 5]

On point and many important considerations when creating a business

I like the brevity and clear explanations differing LLC, C Corp and S Corp. I am glad I read this book!

[Benjamin Hopwood · Rating 5 out of 5]

Clear, quick read.

[sean · Rating 4 out of 5]

a simple and clear explanation

[Jennifer Landeche · Rating 5 out of 5]

This is a good introduction to these different types of business organizations. This book clarified some confusion I had about the different types and the benefits of each. Even though it's short and simple, this may be all you need to know and the information is presented clearly and understandably. I highly recommend this book as a starting point, whether your situation is simple or complex. at the very least, you'll go into a consultation with a basic understanding of your options.

[Karen Gibson · Rating 5 out of 5]

Great little book. It answered some question I still had after reader much thicker books and it provided some very nice examples of situations that were helpful. I would definitely recommend this book, especially considering it's low price.

[Brian Lauber · Rating 5 out of 5]

This book does not provide a lot of depth, but it does a great job at highlighting the main characteristics of each business structure. Thus, it serves as an excellent recap after you have already read some weightier books on business formation.

[Quincy L. Smith · Rating 5 out of 5]

Informative indeed!!

Great read of you’re thinking of incorporating a business or starting a business and want to know how LLC’s, sole proprietorship and partnership are taxes differently.

[B G · Rating 5 out of 5]

Great read. Very informative

Great read on a tough to understand subject. I was able to follow through each chapter bad never felt lost or confused. Highly recommended

[Logan · Rating 4 out of 5]

Decent intro. Will recommend to clients looking for a brief introduction to the basic entity types for tax purposes.

[Mazen · Rating 5 out of 5]

Good Quick Intro

Quick overview of the differences between the different corporate structures. If you know nothing about this topic I recommend getting this book.

[Mani R Subramani · Rating 4 out of 5]

Good 101

Good as an introduction to the business structures. Tip of iceberg on liability and taxation. Read the related book on taxes for details.

[Malvin · Rating 3 out of 5]

Very basic knowledge about LLC, S-Corp, and C-Corp.
Good for newbie who do not have basic knowledge of business entity