This morning I met with a potential client, Frank Henderson. Mr. Henderson is starting a company to launch a website that gives medical advice. He is based here in Georgia. To be competitive he believes he will need to keep fresh content on his site, so he will need to hire employees. Ultimately, his goal is to grow the company and sell it for a bundle. Chase bank has agreed to give him a start up loan of $100,000 and he has already rented space here in town.

He has a few concerns: 1. He wants to protect his personal assets, 2. He wants to sell the company later, 3. He wants to avoid double taxation of income, if possible, but the first two are more important, 4. He wants to hire employees and has a couple of old employment contracts, but is not sure if they would be valid.

Compare and contrast LLC's and S-Corps and C-Corps given his goals and make a recommendation as to which will suit his situation best.