Businesses have to make choices that typically involve trade-offs. Sometimes the impact is minor and does not take a great deal of analysis (e.g., should the walls in the breakroom be painted off-white or beige?).
Other decisions can have significant long-term impact on the company and its owners. And the trade-offs can be painful.
One such decision many business owners face is whether to organize as a C or S corporation. While both structures offer limited liability to the owners, there are advantages and disadvantages to both approaches.
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