Your Company Goal
In this video I answer the question:
What does your company goal have to do with your choice of entity?
There are different types of entities. Once you set up your company you need to make your choice in favor of one of these: General Corporations, LLCs, Non-Profit Public Benefit Corporation, and some other ones. This decision is crucial to the ways your company will be reporting to the IRS and will be taxed respectively.
See the image below to get the idea of the different types of the corps you may use:
Make sure you formulate your company goal and take your decision in line with it. Take advantage of ridding of the double taxation.