I've finally decided to turn my "kid" business into a "real" business. My wife finally graduated from college and got s good (steady) government job so I figure now is the best time to take on the risk. I'm getting ready to register my company and I'm wondering whether I should register is an LLC or an S-corporation. My wife's MBA friends said they think I should register it an S-Corp becasue there is even less liability than with an LLC. I grossed about $50K last year and the only real expenses I have are gas. I have all equipment and my truck paid off. I own the company 50/50 with my brother. Is this enough information to figure it out? I'd contact my accountant, but she won't even call me back about my wife's taxes, I think she's a little stressed already in the season.