Talking with your CPA is invaluable to setting up your entity. For example, when setting up my LLC I do have the option, here in Colorado, to use the S Chapter status. The S Status with the LLC works much like an S Corp. One advantage is that I can then claim losses for the year. The disadvantage is that with the S Chapter Status you have to pay a salary to yourself. This is an example of the complaint for double taxing. I learned this through discussing the pros and cons with my CPA.
I found my CPA through networking with a group through the local Chamber of Commerce. I learned of other tax information by going through a free service through the small business support service in town. Most towns have some sort of free or inexpensive support system for small business.
Small Business or Entrepreneurship is well supported in most communities. I hope you decide to tap into what is available in your community. I hope you also check in here, at allNurses, and let us know how you are doing.
We learn so much from each other. Let's keep the conversation alive