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Good evening. There is really very little difference between an LLC or an S Corp...both are limited liability entities and both are flow-through tax entities...which are the two major things you are focused on. But, the LLC offers a bit more flexibility so I would recommend you go the LLC route because: i) anyone can be a member of an LLC while only individuals and certain trusts can be members of a S Corp; and ii) if you are going to have different levels of members and preferential allocations and/or distributions, it's more easily done in the LLC. So, botXXXXX XXXXXne...do the LLC.
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You do not need to, but if you incorporate someone else, you will need to qualify the corporation to do business in Texas.
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