s corp or LLC for business

[Robert D.]

Hey all,

i ve gotten a boatload of great information here on this board regarding real estate. Now I dont know where to turn to short of visiting my CPA. which is going to be costly. what im looking for is folks with real life stories/examples/advice.

ok i am a general contractor. i wish to start an s-corporation or LLC. I have no employees, officially at this moment anyhow. Can anyone help, which of the 2 am i better off with? I am a small peanuts business at this time but who knows it may take off one day.

here is what i do know. s-corp is a pass thru entity. taxes are paid on 4-15 every year along with my taxes. LLC same except not so formal/strict. seems like llc is less redtape. HELP

if you had/have a corrp now id like to know if you have any regrets with your form of corp. thanks in advance