In a recent post New York small business lawyer Imke Ratschko points out that one of the reasons to choose an S corporation over an LLC is the possibility to save on employment taxes. She also links to a helpful article written by Stephen Nelson, CPA on how to save taxes with an S corporation. Make sure to read both articles. If you are dealing with tax issues be sure to get advice from an accountant or tax attorney.
I encourage anyone who has not already done so to explore the New York Small Business Law Blog. Imke routinely shares great insight and resources on her blog including information about New York incorporation and LLC formation and other topics that are helpful for any small business owner. It is one of the best small business law blogs in the country.