There are two ways to form a corporation you can form one yourself or you can hire a service to do it for you. Forming either a corporation or an LLC allows you to protect your personal assets in case of a lawsuit or claims against your business.The name must end with or include the word or abbreviation "company," "co. ," "corporation," "corp.,". In this guide, you'll find information on naming your corporation, getting a Statutory Agent, the fees you'll need to pay, business taxes and much more.