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Good morning. Congratulations on your business idea! I would form a limited liability company. It provides you with: i) limited liability...meaning your personal assets are protected from liabilities of your business; and ii) is a flow through tax entity...meaning you are not subject to tax at both the entity level and your individual level. All you need to do to form an LLC is to file a Certificate of Organization with the Secretary of State, obtain a Employer ID number from the IRS, and prepare an Operating Agreement to set forth the terms of agreement between you and your mom.
I hope this has given you the guidance you were seeking. I wish you the best of luck!
The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.
My pleasure...It's actually a limted liability company. A corporation would either refer to a C corporation or an S corporation. There is a separate Limited Liability Company Act for LLC's. They are a bit more flexible than an S Corporation. A C corporation would subject you to double taxation.