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I am the sole owner of an LLC. Does it make a difference if I file as an S-Corp or a sole-member LLC?
In the United States, with an S-Corp, you pay yourself a salary from company earnings.   That portion is taxed at an individual rate.  The rest of the company earnings are taxed as a corporation, which often have great tax benefits.  If you are making over $80K/year, the difference can be substantial.  A con is that there is more paperwork and you have to create a "board" of advisors.