LLC's, S-Corps, Sole Props: An Easy Guide for Entrepreneurs

One of the entrepreneurial questions I'm asked most (some friends were asking me last night which inspired this posting) is in regards to the legalities of forming a business. I've formed so many LLC's and "Incd" (that's lingo for incorporated) so many companies that it's no longer a very complicated process for me. In fact, I've had to find the easiest and cheapest methods available to form these business entities, and now I'd like to share them with you.