Re: S corporation vs. C corporation
The S corporation was designed with small businesses in mind (hence the S). It was essentially created to allow a small business owner to pay himself a salary and avoid the self-employment taxes...while still being able to draw dividends/distributions. There has been talks over the last few years about lessening some of the benefits an s-corp can provide though. If you are dead set on forming a corporation, then an s-corp would probably be the way to go...but you don't have to incorporate either. There are several options out there and without knowing the nature of your business it is hard to really say.