I am looking to start a company charging a monthly service fee to a small SaaS app that I have developed but I am unsure of what type of company entity I should form. Currently there is just me who is building this app, but I am at a very early stage and there is a possibility of me bringing in a co-founder to help build out my idea. With that said, does anyone have any advice on whether I should form an LLC, S-Corp or C-Corp?
It is my understanding that a C-Corp creates double taxation on owner dividends, but S-Corp and LLCs do not, so what are the pros and cons between an S-Corp and LLC?
Thanks.