S Corp Vs LLC. Which one is better? Is there a Difference?

[Chukwudi Motanya]

Hi BP,

Is there a major difference between LLC and S Corp? I just heard advice that If I am a solo investor, I would need to be registered as a S Corp instead of an LLC. Does this advice have merit? I am a Buy and Hold Investor as well if that also plays a part.

Thanks for the advice in advance, disclaimer, I understand I will need to talk to a Tax professional for the best advice so do not worry, I will take heed to this as I am looking at the responses.

Best,

Chudi