Newbie here

It won’t. But it will protect your personal assets from going to hell in a handbasket if you have to file bankruptcy because you owe more than you make as a home inspector. A likely scenario.

That is something I think gets neglected far too much. Everybody gives advice on here on how to protect oneself from being taken to the cleaners in the event of being sued by a client. Nobody seems to talk too much about going out of business in a less than happy manner. One will lose the shirt off their back if they are a sole proprietarship.

**S corporations are similar to LLCs in that they provide owners with limited liability protection while offering the tax structure of a partnership.

http://www.nolo.com/article.cfm/objectID/A30CE890-BBAA-4B8A-AD66A33FA038988B/111/182/241/ART/
**

There is not one magical entity that works for everyone and will protect your assets to the full extent. A CPA or a specialized tax attorney can assist you in choosing the right structure for your particular business. The important thing is to consider the operational, legal and tax aspects of each structure as they apply to your unique situation and the State you do business in.

Ditto. A sole p will wipe you out completely.