Hi there JTcarpentry,
I'm glad you turned to us here in the Community for assistance. I'd like to help point you in the right direction.
To break it down a little, an S-corp is a corporation with 100 shareholders or less that has met IRS specifications which enables them to be incorporated but to be taxed like a partnership would.
I'm unable to advise as to which route would be best for your business so I would suggest consulting with an accountant. They'd be able to tell which option you should go with.
I hope you find this helpful. Please let me know if you have any other questions.
