Real estate investment plan (own construction company in NJ)

[Barry McCaulkiner]

Hello all. I have been lurking these waters for a while, but have yet to make an account and post. Hopefully you guys can help me! Please only comment if you have experience or ideas on with setting up companies. Not looking to answer questions about finding deals or anything of that nature. We have a few family members that will be investing in the business as well.

My sister and I are looking to start a real estate company primarily focused on flipping and new construction as 50/50 partners. We both have business backgrounds and have bought and have sold real estate in the past, but never as a full time business. 

We will be GCing all the jobs ourself in the beginning stages. What kind of corporation should we set up in order to pay as little in tax as possible? I'm sure a lot of the details will need to be handled by professionals, but I just want to have some background before I meet with them. 

Thanks!