S corporation requires the owner be paid on a W2 with a reasonable salary. The last person was suggesting the 1099MISC/1099NEC for 2020 and forward to keep you out of the fire.
I suggest you look at the IRS business center. It shows businesses structures along with pros and cons of each choice.
Next, it tells you the rules, what is expected and how to do things legally.
It has everything a business needs including how to close a business. If you want to go back to being a disregarded nonentity.
The IRS has created a recommended reading list as well. Take a look, do some reading and thinking, then decide to move forward. It is only January.
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