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You'll be eaten alive by taxes if you're not careful, but yes, you can do it.

Law firms help do this. A few grand you can get someone like http://www.grellas.com/ do it 100% venture capital ready in Delaware.

If you're really just looking for a merchant account, make an LLC and get one in the name of that. Far cheaper, but will require the redo when/if you want investment.

Make sure you file the paperwork to do it's taxes like a C corp instead of a disregarded entity (Form 2553)http://www.irs.gov/pub/irs-pdf/f8832.pdf



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