I recently started an IT Services business in California as a sole proprietor but now am considering converting to either an S-Corp or LLC. I am aware that as an LLC, I can choose to get taxed as an S-Corp should I elect that option. I would be the sole owner of the new entity. I am aware of the different restrictions on stock owners as S-Corp and how the LLC is more flexible in those areas. I'm leaning toward LLC just for the simplicity but then I saw information about close corporations. So, here is where I am having problems picking entity type. Should I pick LLC, S-Corp, C-Corp, or a Close Corp (S or C)? The annual minimum tax seems the same between corp and LLC, $800 so this is why it's hard for me to pick. I'm almost certain the C-Corp options are not needed now but still unsure.