There are a number of ways to go about this. The SBA has a decent breakdown of the various business structures: http://www.sba.gov/category/navigation-structure

There are a number of ways to go about this. The SBA has a decent breakdown of the various business structures: http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/choose-your-business-stru http://www.sba.gov/category/navigation-structure/starting-ma... The bottom line is that you really should talk to an expert. There are legal and financial ramifications of each type of business entity, and you don't want to get screwed.