Why did you form an S-corp?

[Account Closed]

I'm trying to remember why I decided to form an S-corp and I'm having a hard time...

... Because payroll taxes are murder...

• But I do get to claim SEP-IRA contributions as an expense...
• My personal assets are protected to an extent... Although, I've read that LLCs can protect your personal assets to the same extent... I don't actually know.

I run an ecommerce business and ran into legal troubles before... but I'm still having a hard time figuring out why I decided S-corp entity would be a better fit than LLC... I formed the corporation about 3 years ago and wondering if I should re-evaluate that decision...

Why did you decide to form an S-corp? Or, why did you decide to form an LLC (if you're the only shareholder)?

Hearing from other business owners may help me sort this out..