Which Form 1120 C Deferred 2023-2024

All right, so you'll see that tonight you'll see that throughout every class this is this duality that exists. Then, you'll have others in a general introduction. Therefore, those who can be for corporate tax or anyone else for their corporate tax, then the other class is generally an introduction of choice venting, which entity client comes through your door. What entity are you going to choose for your client in terms of conducting their business? And I will say this, that generally your go-to entity is going to be castrated right pastor Jim Lee, unless you guys say to the contrary police. In my experience, generally we're gonna recommend that your client form a limited liability company. Ok, I can open up, anyone have a difference of opinion? Generally, that's your go-to business entity right there, all right? And you know if a client grows good for them, and then one at some point go public, we're going to not go public through an LLC that I can have a publicly traded partnership in my opinion. Ultimately tables become a senator after state, but going from LLC to subchapter C and is a tax-free way, but the converse is not true going from a c-corporation to an LLC generally taxable considered a corporate liquidation. And similarly, volume from an S for creation to a partnership also taxpayer. Okay, there's code section 23152 guilt, even though heads in subchapter C, even the Code section 331 336 still applied for purposes of subchapter S, just pointing that out. So my point is generally good news your Wednesday night well spent because LLC's are winter, right? All right, good. What is he a basis of enthusiasm, all right? So you all just talk about the pros and cons and up I'm saying...