As said, the differences between an LLC and a corporation include how you are taxed as well as specific laws which also depends on which state you form either one. (Some people/companies take advantage of other states for their more favorable laws.) Both offer protection from lawsuits with some exceptions where individuals make themselves personally liable. An example would be fraud or embezzlement etc. LLC’s are generally simpler for one or two people.
Take the time to research both and know the differences even though you’ll probably hire an attorney to have it done. The more you know the better off you’ll be aware of your boundaries and what you can and maybe what you shouldn’t do.
I like the Nolo Press for general legal info, then I’d see an attorney to follow through with it. That way you’re more familiar with what you want etc. I prefer books, but the link below should provide a lot of info. There’s also a section that lists individual states for a general reference.
http://www.nolo.com/legal-encycloped...s-partnerships
Wiki has some good short reading as well with the LLC version listing advantages/disadvantages:
http://en.wikipedia.org/wiki/Limited_liability_company
http://en.wikipedia.org/wiki/Corporation
Hope that helps.