I am sure you aware that an S corporation must pay you, as sole shareholder, a reasonable salary for your services (in the form of a W-2).
However, there is certainly more flexibility with an S corporation for your purposes (e.g., you could possibly take at least a small part of the net income as a distribution).
Regardless, you need to take state law into consideration and should really consult with local legal and tax counsel before making any decisions.
