The title of this post may be a little tongue-in-cheek, but I would say at this point I am forming perhaps 2-3 times as many LLCs as S corporations.
It still doesn’t mean you should rule out the S corporation as your entity of choice. It could be the entity for your situation. Joe Kristan, an accountant with Roth and Company in Des Moines, explains in a recent post who can and should own a S corporation.
It’s important to note that a decision to form an s corporation or LLC is often as much a tax driven question as it is a legal decision. That’s why I encourage all new business owners to contact an accountant, in addition to a business lawyer, to determine which business entity to form.