[raintrees]

Entity choice is usually due to 2 reasons: Taxes and Liability. Work with your CPA and Attorney, find out from them the cost benefits of the various forms and the mitigation you think appropriate at this time. Review periodically.

[gdubs]

This is good advice. I’d add that, in the US at least, there’s a little more overhead to deal with when it comes to an S-Corp vs an LLC. A CPA is definitely the first person to talk to.