A group of four investors is purchasing a C-corp (asset purchase is not an option due to licensees held in the name of the C-corp that would terminate under an asset transaction). Upon purchase we will make an S-corp election (all investors qualify) for the business. Longer term, we expect the new ownership entity to purchase additional businesses. Not sure if it is relevant, but for reference, we will use SBA funding which will be secured by the OLV of the acquired assets. Question: What form, S-corp or LLC, is recommended for an entity to acquire the stock of the C-corp keeping in mind we plan to make the s-corp election upon purchase? Advantages/disadvantages and any regulatory limitations. Thank you.