what kind of corporation is right for me?

Mack Ukich: If you're set on a corporation, you have two choices: an S corporation and a C corporation.To qualify as an S corporation you'll both need to be US citizens or residents, and you won't be able to issue multiple classes of shares (which is a kind of tiered set of voting power), and you can't have more than 100 shareholders (but it sounds like it's just the two of you anyway) -- but if none of this makes you ineligible, an S corporation has a better tax structure than a C corporation. (Instead of paying a corporate income tax and then a personal income tax on that income, an S corporation doesn't have a corporate tax -- just the individual tax.)But also consider an LLC, which gives you the same limited liability protection as a corporation, the same tax benefits of an S corporation, some additional options as far as how you'd like to be taxed.And remember that it's best to run this past a lawyer or accountant before going ahead with any filings.Good luck!...Show! more