realistically most of the time the IRS won't bother you if you don't take a salary the first year. the money you took out shoul d be treated as a distribution not SE income.
as you cn see S-Corps can be a pain. separate return, possibly state taxes on it's income
the real advantage of an s corp is that maybe you take a W-2 for less than the full profits and thus save on social security and medicare taxes.
