Ask HN: Should I form a C-Corp or an S-Corp?

I'm at the point where I need to form a legal business entity for a product I've been working on, and looking for a little advice. Here's a brief description of my situation:

- Enterprise SaaS, the goal is to turn this into a large company

- I am not aggressively pursuing investors, but don't want to rule out the possibility

- Currently it's a one-man-show (myself)

- I'd like to simply pay myself a "normal" salary and re-invest as much money as possible into the business

Downsides of a C-corp (from my understanding):

- More complex paperwork for setup and record keeping

- Double taxation on dividends (but not salaries?)

Upsides of a C-corp:

- More investor-friendly, and more flexibility with stock classes

What are the reasons to choose an S-corp? If I understand correctly, double taxation in a C-Corp wouldn't become an issue unless you have extremely large profits and want to take a large chunk of it out of the business, so much that you can't justify the amount as a salary and need to pay yourself a dividend. Or maybe if you have shareholders who are expecting to be paid dividends.

I am leaning towards forming a C-Corp.

Is there anyone who has been in a similar position who can share some advice?