S-Corp/C-Corp/LLC
Hoff: Ask for referrals and talk to a (good) local lawyer.There are trade-offs.  There are options.  There are costs.  There are details.More importantly, there are various (good) discussions and (key) decisions to be had among all of the (potential) partners (with the assistance of your lawyer), to ensure that all are on-board and in agreement, and that there are agreements around the plans for incorporation and for major state transitions including acquisition and dissolution.Your lawyer is also then a good resource for a quick review of significant contracts; a good lawyer knows what to look for in these agreements.NB: This incorporation topic (LLC versus S-corp versus C-corp, taxes, accounting, and related) seems fodder for inclusion over in the HN Library area.