Which business entity would you choose for a hypothetical business start-up and why?

The factors that are most often weighed in choosing which entity is best might include:

• formation - how easy or how difficult? how expensive?
• capitalization - how will the new venture be funded?
• management - how will the startup be organized and who will have managing authority?
• taxation - how will it be taxed? will it incur heavy initial losses in which case a corporate form might be best?