Art House

Hi everyone.
I have a question most of you have probably dealt with. I'm preparing to set up an LLC as a legal entity to protect myself in the event of any legal mishaps. Not that I'm planning on having any, but I suppose it happens.
Who understands the difference in clear language between filing C corp or S corp status within an LLC? It seems that an S corp is better financially if you are just an individual running a business.
Any takers?

Art