I understand at a high level that S corps are more tax efficient because of the pass through structure, while C corps often face double taxation. What I’m trying to wrap my head around is the practical reasoning when searchers or operators choose a C corp despite the heavier tax burden If, for example, you know you’ll be paying more in taxes, how does it actually make sense in the long run to start or switch into a C corp? Is the trade off purely about making room for private equity down the line? Does the credibility with lenders or the ability to bring in more flexible capital really outweigh the tax inefficiencies in practice? How did you think through the cost of extra taxes versus the benefits of opening the door to bigger investors, and in hindsight, do you feel it was the right call?