As a personal trainer I have decided to open an upscale health spa / resort and health club.

I need to determine the type of business organization I want to form: incorporate as a corporation or form a partnership?

1. What are the advantages and disadvantages of forming the business as a partnership and the advantages and disadvantages of forming as a corporation?

2. What are the differences between equity and debt financing, and what are the primary ways in which each would affect the future of a business.

Please provide sources