Hi all, first time business acquirer here and have a specific question about LLC's tax election. I am thinking about buying an online business with a large seller financing note paid across 3 years.

I understand many people favor an LLC electing to be taxed as S-corp to avoid double taxation. However in this case because I will have to be using most of the profits in first 3 yrs to pay down seller debt instead of distributing any cash flow to myself, wouldn't it make more sense to elect the LLC as C-corp for tax purposes and benefit from lower corporate tax rate (21%) on pre-tax income so I can pay down the debt faster, then later convert to a S-corp tax election when it comes the time to take distribution from the business?

Any advice is greatly appreciated!