We are starting a new corporation. We want to elect S corporation status...but since it is mid-November...is it too late to file this for tax year 2008? Would it be better to run as a sole propieritorship until January 1, 2009and file the Articles of Incorporation and start the corporation that day? We presume to have a net profit of less than $3000 for the month of December 2008.

Thank you!