I am starting an online subscription service. Should I create an S Corp or C corporation?

Answer by Wray Rives:

If you intend to seek outside investors, a C Corp is typically the way to go.  S Corp offers some tax advantages for a closely held business, but there are limitation to ownership and you cannot have more than one class of stock.  Additionally the passthrough taxation is not appealing to third party investors.

I am starting an online subscription service. Should I create an S Corp or C corporation?