Sole Proprietor vs LLC vs S-Corp

Sounds like I need to be on the hunt for a better CPA. I've talked to one and he suggests DBA. I don't know if it's easier on his end to do taxes or whatever, but I really don't think DBA is what I need to become an owner operator. I think for a small business in an office type setting it would be fine, but being on the road every day presents a huge liability in my eyes, and one that needs to be addressed before I become an owner operator. I also don't really want to pay an attorney for advice, or to do something that I can easily do myself. I will be the only "employee" of my company, one truck, one trailer, one driver(me). I'm looking for something simple and easy to manage yearly, will save money on taxes, won't cost a fortune in nickel and diming me on several different taxes or other fees, yet provides some form of protection against liabilities. Would this be an LLC since it has pass through taxation? And once I formed an LLC, couldn't I elect for S-Corp taxation later for added tax benefits? I'm just starting out and am wanting to get off on the right foot and don't want to have the wrong foundation for my company and have to start another company from scratch later to get the proper foundation. Thank you all so much for your help! It's pointing me in the right direction!

 

I'm pretty sure I read on another site(non trucking related) that an LLC could elect to be taxed as an S-Corp. This is the reasoning behind my question. I'll try to dig it up and cite the source.

 

Couldn't I just cut myself a check each week with an LLC? Or do I receive all the companies profits/losses as an individual?

 

May I ask why you went the S-Corp route? What benefits does that provide you as an owner operator? And do you have any other employees? It'll just be me. My wife has a great job, but she's going to help with getting loads while I'm driving. Thanks for the help!