All the S means is you file a request with the IRS to be taxed differently from the C, which is the default. The actual entity does not change, it is a tax issu

All the S means is you file a request with the IRS to be taxed differently from the C, which is the default. The actual entity does not change, it is a tax issue. Also, with the S election you cannot raise investor money, only the C can raise money.