May just be me, and fact I am in #1 lawsuite state, but for me when it comes to the LLC vs Corp. questions and twists, I always look #1 at liability, and then at taxation savings.
I had a large company, organized as a c-corp, and yes it was a hassle, and yes taxes where hell on the surface, although i hired a good CPA who I could barely understand his strategies, I just followed them and saved. I had a lot too loose, so the absolute protection of the c-corp was great.
On the other side of the coin, my LLC’s are super ez, and I like that. But I really dislike the ease a good attourney would have tearing into it, attaching other companies, and trying to connect as many “dominoes” as possible. Tax speaking, really once I just do as the CPA says (which I again can barely follow) it generally comes out similarly in the wash.
For me, I K.I.S.S. (Keep It Simple Stupid).
Best words in this is:
#1, Organize for what your doing, each calls for something different
#2 if your not an expert at an aspect, hire one. Or try the “free lunch Q&A”, you would not believe how much great nearly free advice and answers I have gotten that way.
