How do I go about forming a personal corporation?

dhouse answered one year ago …

What you want is a class C corporation, just like the big boys. It creates a completely separate, persistent (unlike the LLC) "legal entity" that all corporations and governments understand. Get on the web, go to one of the Nevada incorporation assistance sites, pay $500 or so, get a local "agent" (that's the official term), get a local bank account and credit card (the agent co. does that for you), and begin doing business as "yourco, inc."
You will be the only officer in this corporation -- that's allowed in Nevada -- and not have to have anyone else interfering in your business. You will also be an employee of your corporation -- gotta have at least one. But you can split the earnings between you and the corporation in a manner that leaves money in the corporation's bank account across each year's boundary. Sub S forces you to take all that income and pay taxes every year, as do sole proprietorships and partnership -- don't do any of those. An LLC is a time-limited structure that doesn't have any material benefits unless your a "professional group", so you can pass on it.
Let's say you put (convey) $100K into your corp's investment fund, do well, make $25K at the end of the year. Your corp pays 15% tax on that number -- unless, of course you have legitimate business expenses that reduce your overall net-net profit, like spa days for your wife, a research trip to New York for christmas shopping, a bank visit to the Grand Caymans... in which case a startup corp has 5 years to actually generate a sufficient profit to avoid IRS scrutiny. As you know, many businesses just don't make it: if you wind up paying 15% on, say, $9K of total corp income and let your investment fund accounts ride (which you can only do in a class C corp), you pay $1350 for the privilege of making good bucks, taking research trips, buying new PC and communications equipment for your "office", etc.
Don't ask a CPA or a lawyer: the former are unable to realize that things have changed in the past 25 years and have no clue, the latter only want your money.