@Rick19744
One thing to keep in mind for a corporation as opposed to Sch C or Sch F, is that it is "deemed" corporations are created for profit. In an intense situation it may not "hold up", but it is a big factor in favor of the taxpayer.
Depending on the business of the corporation and how business might be conducted, may have to watch out for disregarded entity and/or personal holding company...but PHC wouldn't fit for an S corp.
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
