I wholeheartedly agree. Really good point! Wait to swing at that ball until it has almost hit the floor--wait, hold, wait, hold, and wait some more. And other than the fact that the article addresses incorporating in Delaware, why are we limiting this discussion to corporations as apposed to the myriad of other entity solutions? And shouldn't we be discussing how to formalize our relationships so that the formalities HELP us, not hinder us? So I would add "what kind of formalities do we need" and then "what kind of entity?" to your "other" questions as well. I don't know if you need a lawyer -- depends on the lawyer -- a lawyer who is willing and able to see into the dynamics of the group and has the wisdom to keep the agreements as loose as possible for as long as possible.