I am setting up a business- with a friend. Im trying to decided which structure is best. Can someone explain the pros and cons of an LLC, S-Corp and C-Corp pls? We want as much protection as possible for our personal posessions as possible (like in an llc) But, we also want the business protected for legal purposes (like child support issues)... Your help is most appreciated.--Answer1:Check the following website:http://www.bizfilings.com/Look for "FREE GUIDE TO INCORPORATION" and click on View OnlineBest of luck