[codeismightier]

Both S-Corp and LLC are pass-through entities; there is no difference in terms of tax treatment.

[pbarnes_1]

There is a massive difference in tax treatment.

No self employment tax on distributions from an S Corp.

[brianwawok]

I think this thread proves if nothing else that most programmers, myself included, could very much use an accountant :) We all know stuff, but not all of it is right or complete...