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Well, this subject is not easy to discuss in the forum. Try reading my response on the above post re: single member LLC, this should be a starting point. This also should help http://www.taxbizpro.com/learning-center/practical-tax-articles/articletype/articleview/articleid/1/pageid/1/categoryid/1/what-you-need-to-know-when-it-comes-to-forming-your-business.aspx
Please do not post in ALL CAPS. Writing in all caps makes your contribution difficult for other members to read.
There are many ways to set up a corporation. I would recommend that you speak to a tax expert, as they'll be able to take the time to discuss your particular type of business, and the business structure (LLC, S corp, C corp, etc.) that will best minimize your tax liabilities. They'll also be able to help with the actual incorporation work, and set you up with checklists and the like so that your accounts are in order and you keep proper records (absolutely key for your P&L and come tax time). Sure, it costs a little bit, but it's a worthwhile investment in the future of your business.
There are many places you can look for help, but I recommend that you take a look at our site at http://www.teaspiller.com/tax-experts where you can find verified experts with years of experience who'll be able to help you out.