After you file

You should probably confer with a tax pro. an S-Corp could be better. with a C-Corp you have to take a reasonable salary just like with an S-Corp. remaining profits are taxed at the C-Corp level whereas with an S-Corp remaining profits are taxed to the shareholder. if there are losses with a C-Corp the shareholder gets no benefit whereas an S-Corp shareholder can deduct losses on their 1040 up to the extent of their basis. a C-corp can not accumulate unlimited profits to avoid paying dividends to the shareholder. once a certain level is reached the IRS can impose an accumulated earnings tax each and every year sufficient dividends aren't paid. I should have also mentioned a C-Corp does not get the 20% QBI deduction. whereas the K-1 profits from an eligible S-Corp business could get this deduction. so instead of paying taxes on 100% of the K-1 profits you pay taxes on only 80% if you qualify. 

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