We're in a similar position. Could you mention sites you found useful for info on incorporation?
Thankyou
We're going with an ex-Cooley Godward lawyer for our incorporation. It's more expensive but in the big scheme of things, we think it's better to get this done right and have someone experienced to handle equity arrangements and contracts.
There are other YC threads on incorporation. For general information, Wikipedia is pretty good :) [http://en.wikipedia.org/wiki/Incorporation_(business)]
We didn't make the cut, so we're incorporating within the week, cementing our partnership with a 3rd team member (Columbia biz school prof), and immediately seeking funds from more conventional (although more dilutive) sources. We are also looking for one more hacker to join us. We can pay $5k for sure (possibly more depending on alternative funding) + equity for Jan-Mar in Palo Alto area. We're building a collaborative investing system that's quite different than the ones out there, and we have team members with deep domain expertise.