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IANAL so this really depends on the person's specific situation i.e. like what state is the business in, how many members there are, and so on

imo if you want more protection, you need a C-Corp or a more than one member LLC... there are caveats to both routes and everyone should talk to a real lawyer about this or books from say NOLO

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Can any lawyers, or those who have incorporated their own business as a C-Corp, provide a rough estimation of upfront and annual costs?

http://www.blumberg.com/invoice.cgi?rm=view_cluster;cluster_...

http://www.legalzoom.com/legal-incorporation/incorporation-p...

I have an S-Corp, and the typical upfront cost with my lawyer is $500, that includes one hour consultation and all setup fees. Legal paperwork is under $100 and one hour per year. Accounting comes out to $900/year, but that usually pays for itself in all the deductions that my accountant can find.

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