There is potentially a shitload of extra paperwork, bookkeeping, and regulation involved in a 501(c) corporation that isn't present in a standard private corpor

There is potentially a shitload of extra paperwork, bookkeeping, and regulation involved in a 501(c) corporation that isn't present in a standard private corporation. Assuming, of course, you can convince the IRS that you fit one of the 501(c) subsections to begin with. Much easier just to run a standard, closely-held corporation or LLC.