Husband and wife in LLC

[Ben A]

Hello folks, I got a question for Tax and entity experts. My wife and I are planning to establish an entity for a new business. This is an active business (not rental) but we decided for LLC due its simplicity in structure and management since we, two, are just the owners. And then will elect S-corp for taxation to take advantage of dividend flow.

My question is what is the best way of owning the LLC? Should it be "husband and wife as community property with right of survivorship" or just as plain 50/50 members? Or Does it matter since we are electing an S-corp tax anyway?

Is the choice of ownership as "husband and wife as CPRS" solely for tax purposes (for joint flow vs partner)? or does it provide any other benefit in terms of estate planning (like trust)?

Or does my question make sense? : )

Thanks for any input!