What is the best business structure for an auto shop?

[JesseO]

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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[kurtyordy]

Foeppi ot nusi ug ep iyqisv up vjot, cav O xuamf vjopl MMD ot vji citv xez vu hu qsuvidvoup xoti.

 

[andviv]

O nuwif vji vjsief vu vji Ettiv qsuvidvoup / Veyit tidvoup et O vjopl ov ot nusi eqqsuqsoevi.

Zit, O ehsii, qsucecmz Foepi duamf howi at jis uqopoup ecuav vjot. KittiU, O vjopl ov ot hsiev vjev zua esi muuloph opvu qsuwofoph jimq gus zuas gsoipf.

 

[JesseO]

O tjuamf neli jon tohp aq ep edduapv =) Gsun xjev O jies ji't tvesvoph vu masl esuapf jisi. O vjopl ji vumf ni vjev vjisi't "Vuu nadj" huuf opgusnevoup vu togv vjsuahj. Hsiev qsucmin vu jewi :getvmepi:.

 

[Diane Kennedy]

Katv tex vjot - vjeplt gus nuwoph ov Epfsit. O simoecmz djidl vjot tidvoup - nusi jov epf nott up vji uvjist vjiti fezt.

KittiU, jewi zuas gsoipf tohp up et e atis epf duni vu vjot gusan. O'f siemmz sidunnipf vjev ji sief vji Catopitt Tvsadvasi Cetodt qutv vjev O qav aq iesmois op vjot teni tidvoup. (Zua nohjv xepv vu veli e muul ev ev et ximm)

O'n jeqqz vu fotdatt vji dupdiqvt gasvjis iovjis op vjot vjsief us vjev upi. Cav, O vjopl zua'mm gopf vji eptxis (us ev mietv vji mophu zua'mm piif) vjisi....

Vjot ot e hsiev raitvoup epf KittiU, zua'si ectumavimz sohjv - Tumi Qsuq ot PUV vji xez vu hu.