Jerry Epstein interviews Chayim Kessler CPA. Mr. Kessler discusses, compares, and contrasts the formation and tax practice of Corporations, S Corporations, Partnerships, and LLC’s. The interview takes place at the offices of MIAMIBEACHCPA LLC. Mr. Kessler discusses the advantages of S Corps vs C Corps, as well as the legal structure of LLC’s. He explains the difference between LLC classification under state law and the tax implications and structure according to the Internal Revenue Service, whether a sole proprietorship with a single member, or a partnership with one or more members. As well as presenting the option for an LLC to elect to be a corporation or an S corporation for tax purposes.