Your entity was likely chosen once and never looked at again. As profit grows, the math changes.
The right structure affects payroll tax, retirement options, and how a future sale is taxed.
A yearly review against your current income is cheap. Unwinding a stale choice after years is not.
In Virginia, a flat top income tax rate and no separate capital gains surtax make the timing of a sale simpler than across the river, but the planning still has to happen before the sale year, not during it.