For institutions, they prefer C corp to avoid tax surprises. For indiv investors, either strutcture would work and they do avoid double taxation in C corps. Good luck

The posted answers are great! This is a highly complex, yet astute, question, where the answer is..."it depends..." This also has so many variables, it is better to have a call than write down a few pages on this board. If you do not have a CPA to ask, please DM me and we can set up a time. I am not being coy, I just do not want to post information that does not fit everyone's circumstances. Some facts you should have prepared are: number of owners (investors), number of GP's (sponsors), annual revenues, annual net income, domicile of state, in how many states will you pay income tax?