Joint Venturing and running a business

twotones

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I came across a very lucrative business opportunity and I am planning on taking it up. I need to know how to go about this venture because the person is going to create the software and then I'll be marketing it to the public.

My questions:

Do I set a LLC or a C Corp?

If I set it up, how would we title ourselves and pay ourselves?

When setting up the business, do I fund the bank account or do we both?

Several questions but I know there are a lot of JV's going on but wondering the best way to set it up so we are both secure and getting our fair share.
 
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