[majesty2009]

If you are going to set it up as a corp. I would suggest an LLC to begin with. You can always change later. I assume that you all have other jobs other than this website. If you set it up as a C-Corp you can not write off the losses against you primary income. Your losses would carry foreward and could be used in the event that your website makes a profit.

If you incorporate as an LLC then you can write those losses off against your primary income this is a huge advantage over a C-Corp when you are first starting out.