DigitallyDisrupt

allow us to work other jobs as long as it doesn't take up company time

Check out rescuetime.com very fine-grained time tracking. Excellent for providing proof in the future.

Should my company be an LLC, Corporation, or what?

Business mentor here.

What are your plans for division of equity between investors and founders?

I've heard it's bad to go into business with friends because of money.

After money, it's contribution.

My partner groused about paying a bit more for expenses... however, he quickly forgets at those moments, I've given him 50% of a business that existed solely in my head. Not a bit of it his idea. 10 pages of features. All from my brain.

So, be prepared for the "inequality fight."

That said, if you are good friends, with a solid relationship, you should be able to get through everything. Our last tiff where I told him I wasn't happy with his participation of the past weeks, was followed with a quick code update and a minor mea culpa. And all was good.

YMMV, my business partner is a former mentee, so, when push comes to shove, he still listens to me, affording a bit more parity to disagreements.

I've heard anecdotally that Delaware is fantastic.

Delaware, Nevada and Wyoming all offer nearly similar facets to incorporation.

It's the fine print that gets you.

Such as in Nevada, if you are having shares in your company, the amount and par value can actually affect the cost of incorporating.

Also, be aware, you have to pay for a registered agent in the state you incorporate in, an additional expense. (I got mine for $49) but it can be more if you choose another state. And there are bunches of documents you have to file, that vary from state to state.

I would google; Delaware, Nevada and Wyoming incorporation differences

Then look at what differences will matter to your company in particular.

If you are having shares of equity to distribute outside of your directors/executives, C-corp is your only option.

Is there anything I should be aware of that some people don't think about?

How are you mentally with having one of your employees potentially shot and killed.

How about financial liability in the event that happens?

This potentiality is minimized or not even a part of most jobs.