This course is designed to help the small business owner and accounting professional understand the potential benefits of making an S Corporation election, as well as the mechanics behind the election. The course starts with a general overview of advantages and disadvantages of various business entities including the sole proprietorship, partnerships, and corporations. It goes on to the history and overview of S corporations, including organizational requirements, benefits, and drawbacks to this entity. Finally, the author provides a comparison of two similar entities, the S corp and the LLC, in a way designed to help the practitioner or small business owner choose the best entity for the situation. This course is most beneficial to professionals new to S-Corporation elections who may be at the staff or entry level in an organization but also for an experienced professional with limited exposure to S-Corporation elections.