A friend of mine owns an auto shop. He is the only employee, and I believe that right now he has it set up as a sole proprietorship. In the interest of protecting his personal assets (home, vehicles, etc.) and paying as little in taxes and fees, what would be the best business structure? I don't really know the difference between an S-Corp and C-Corp. I figured S-Corp would be the way to go, but I have no idea why :smx3: Thanks for the help, and feel free to ask any questions if you need clarification or non-personal details.
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