Good point, it is always possible to change in the future.
PageBuzz, I agree with you that a closely held corporation does not shield you from any liability. That's not the 101 they teach in college classes, but it is the case based on my experiences.
There are tax benefits of the corporation and much more so than the liability factor.
I'm curious what tax benefits you are referring to. My understanding is that typically taxes are not considered one of the advantages of a corporation since it is an entity that is taxed in addition to the individual owners.