As much as I respect the opinions and knowledge of much of the HN community, this is really one of those instances where you need professional help. Don't try

As much as I respect the opinions and knowledge of much of the HN community, this is really one of those instances where you need professional help. Don't try to "do it yourself" this, it's too important and will have lasting effects on the company, you, and your investors. Seriously, get a CPA or new biz lawyer (local to your state - or where the biz will be legally located) and talk to them. Get some help with the paperwork. Go to someone who can really explain it all to you, as there is a lot and you might find your eyes glassing over (I know mine did). I realize that you're cash poor, and don't want to waste capital, but sometimes you gotta pay to play. A little cash outlay now can save you a lot of heartache later. Good luck! EDIT: this is a great resource to go into any meetings with the folks mentioned above knowing what you're talking about though. Knowledge is power! :)