(1) Don't make the decision to be taxed as a corporation without sitting down with a tax professional to determine if that is your best option.
(2) If you do choose to be taxed as a corporation, don't continue without the help of a tax professional.
(3) Don't be "planning" on electing to be taxed as a corporation. You have very limited amount of time to make that election, so once again, go to a tax professional.
