Incorporation
The limited liability and transfer advantages of a corporate structure make it ideal for many ventures. Still, other entity structures have competing advantages such as pass through provisions, lower compliance costs and fewer restrictions on management.
Summary of some benefits and limitations of various entity structures:

Corporation
Partnership
LLC/LLP
S Corp.
C Corp.
Formation
 Agreement of Parties Filing With Secretary Of State Filing With Secretary Of State Filing With Secretary Of State
Duration
 Automatically Dissolved By Death or Insolvency Typically Fixed Period Perpetual Perpetual
Liability
 Personal Liability Borne By General Partners Typically No Personal Liability Typically No Personal Liability Typically No Personal Liability
Legal Burden
 Generally Very Few Formal Requirements But Less Than A Corporation Strict Requirements For Operational Compliance Strict Requirements For Operational Compliance
Control
 General Partners Per Agreement TPer Operating Agreement Board of Directors Elected By Shareholders Board of Directors Elected By Shareholders
Taxation
 Each Partner Taxed On Their Share Of Gains Or Losses Each Partner Member On Their Share Of Gains or Losses (If So Structured) Individual Shareholders Taxed On Their Share Of Gains or Losses Corporation Taxed As Separate Entity Shareholders Taxed Only On Dividends or Disposals
Formation Cost
 Zero State Fees State Filing Fee State Filing Fee State Filing Fee
Capital Access
 Can Grow By Adding Partners Or Increasing Partner Contributions Depending on Structure, May Be Able to Sell Interest Limited By Number of and Type of Investors Unlimited

Once a company has decided to incorporate, the next step is choosing a state. Delaware has long been a favorite due to statutes protecting officers and directors along with a long history of precedents. Deciding where to incorporate should involve careful consideration of the advantages and disadvantages from state to state. A competent attorney is the ideal resource for such guidance.
 
Whether you're considering where, or if, to incorporate or if you simply need to get it done immediately online, the largest online incorporation service has all of the tools and resources necessary. To find out more, or incorporate online now, click here.