I realize this is a hockey board...just looking for anyone with experience.
I am thinking about starting a small consulting biz...mostly research, predictive analytics, and program evaluation type stuff.
Looking over my options in California, it appears as if there are three reasonable options...sole proprietor, LLC, or S-Corp.
Definitely going to be a small Business. Low overhead and primarily working out of my home office. Honestly, profits may be weak to start as I build a client list and word-of-mouth business. An LLC seems like the right option, but do I want to be on the hook for the minimum $800 franchise tax in my first year? Not really. Is an S-Corp a better option in California?