If I were to start my own corporation, I would start a Limited Liability Partnership. One of the main reasons I would choose this is because of the autonomy provided by this corporation structure. Also all profits will directly come into the hands of my partner and me. Also the tax code for such a company is simple to follow and we can avoid any complications. Some drawbacks to this set up is the potential for disputes between me and my partner. Also my personal money and assets would be at stake if we were to go into debt. However, each type of business has a potential upside.