Based on your answers,
an S Corp may be best.
This result does not substitute for the advice of an attorney and/or accountant familiar with your unique circumstances.
Advantages of an S Corporation
- Owners (shareholders) are typically not personally responsible for business debts and liabilities.
- S corporations allow for pass-through taxation.
- S corporations may have self-employment tax savings over LLCs.
- Capital can be more easily raised through sale of stock (as long as IRS guidelines are met).
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