And see how it's done so you can do it yourself again if you need another corp. down the road. In 1981 I incorporated my first business, paid a lawyer $600 for what turned out to be something I've since done myself without all the [it turns out] unnecessary gobbledegook the attorney worded in, and has cost me only for the State filing fee and a nice corporate record book at officeMax.
A new entity can internally elect M2M accounting. But as an individual who has already filed taxes, you have to fill out the IRS change of accounting form since you are a pre-existing entity using, most probably, cash accounting. Or so I've been led to understand.
http://www.delawarecorp.com/ cost 100 bucks for their fee and pay annual taxes of 200 a year. good simple site. lists the costs etc. I was impressed by the turnaround