When is it better to file as partnership vs S corp?

Dear Mark,

Love your shows and podcasts. You make dull tax topics exciting!!

Want to get your take on filing partnership vs S Corp. My CPA selected partnership last year as a strategy. my children and I are co-owners of partnership and we split the self-employment income so each of us pays taxes on our split. Tax savings seem higher than S corp if just myself Files S Corp.

curious what you think of this strategy?

thanks

Carrie from Texas