# [Series 65] 37, Business Entity Types as Clients

Page: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-37-business-entity-types-as-clients
Text version: https://stenobird.com/podcast/open-exam-prep-7140559/series-65-37-business-entity-types-as-clients.md
Podcast: [Open Exam Prep](https://stenobird.com/podcast/open-exam-prep-7140559)
Published: 2026-04-30T01:01:53+00:00
Episode link: https://open-exam-prep.captivate.fm/episode/series-65-37-business-entity-types-as-clients
Audio file: https://episodes.captivate.fm/episode/fee10609-d9e8-470d-b541-05b8972c8427.mp3
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JSON: https://stenobird.com/v1/public/podcasts/open-exam-prep-7140559/episodes/series-65-37-business-entity-types-as-clients
Duration seconds: 204

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The fiduciary considerations for a sole proprietorship center on the single owner's suitability due to unlimited personal liability. - For general partnerships, suitability must be determined for all partners because they all share unlimited liability. - LLCs and S-corporations offer limited liability, and investment recommendations must consider all members or shareholders. - C-corporations are separate legal and taxable entities; therefore, suitability is based on the corporation itself, not the shareholders. - A key distinction for the Series 65 exam is understanding the pass-through taxation of sole proprietorships, partnerships, LLCs, and S-corps versus the double taxation of C-corps. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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