What are the main factors to be considered for an entity selection among LLC, S corp, and C corp?

[kwyp]

What are the main factors that  decide an entity tax filing selection? 

1.) If an entity net income is at 37% individual tax rate, can select C corp without thinking? 

2.) If an entity net income is about 300K, which is a better option? LLC, 1120S, or 1120C?

3.) If an entity with three partners. which is a better option, 1065, 1120S, or 1120C?

4.) if a LLC or a S corp sold after 5 years. can 50% of  capital gain be tax excluded? 

[Strongsilence-CPA]

I have a small library of resources for these questions. I suggest you start one.

"without thinking"." There are only a few tax issues that can be solved "without thinking."  What do you mean?

[sjrcpa]

Don't let the tax tail wag the dog.

There are legal issues; fees, etc.

[qbteachmt]

Yay, school is back in session!

[sjrcpa]

I think kwyp changed their screen name, too.

[abctax55]

Link to first post:

https://accountants.intuit.com/community/proconnect-tax-discussions/discussion/whether-proconnect-or...

I'm curious, since from July, is this the semester or quarter system 😉

[PATAX]

I don't mean to be mean, but you need to do some research on your own.