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For a S-Corp you have to have at least 1 employee that is not yourself. You also need to be able to pay yourself on payroll. Some people find all the extra work required in a S-Corp not worth it, and if revenue is under a certain amount, a LLC makes more sense.
I would recommend talking with a good business tax accountant/attorney, to find out what the best options are for you.
I'd open two LLCs...it's just an accounting nightmare mixing unrelated shit up like that.
You can choose to have one or both LLCs taxed as an s-corp so you can shield some of the income from FICA but it's often not worth the extra expense of running payroll, filing an 1120S and so forth.