Popular over the last few years, and clearly the entity of choice in recent years, has been the LLC. Offering incredible flexibility as to distributions, filing requirements, flexible tax laws, etc., many new businesses were advised to form as an LLC over the former ‘entity du jour’, the S Corporation. But, that may be changing. The Tax Warriors at Drucker & Scaccetti expect conversions from LLC status to S Corporation may grow increasingly popular in the coming years. The payroll tax treatment of shareholder/employees- as well as taxation based upon the entity approach- can make the S Corporation entity type more desirable than the LLC.