There is a tax issue also
C corp is just not a good idea for any small business because you get taxed twice on the companies earnings if you ever take money out of the company.
With an S-Corp or an LLC taxed as an S-Corp you can essentially avoid paying payroll taxes on roughly half of the Corps earnings. To keep out of trouble with the IRS you should pay yourself a salary that is roughly half of your yearly income, then you can take the other half as a distribution, which will keep you from paying the roughly 15% payroll tax on the distribution (but you are still paying income taxes on the entire amount of the Corp's earnings).
If you do an LLC taxed as a partnership you pay self employment (payroll) taxes on every dollar of the Corp's earnings, but you can legally avoid paying workers comp by being taxed as a partnership IF you don't have any employees (there are many ways to pay actors without making them employees).
Not trying to brag, but FYI I am a CPA who does taxes for a living.
Paying from your own pocket
C&D you mentioned something that has piqued my interest. My current accountant has shown me how to "post" expenditures for teh corporation when using my personal funds and or credit cards. Simply making journal entries. But what I am hearing from you is that this is not good, and everything should and must be paid through the corporation?
With this being the case, I am assuming than the officers would need to "loan" the corporation funds (we are in the early stages so personal funds are providing OPEX)?
Business expenses with personal funds
The surest way to keep yourself out of trouble would be to make a capital contribution into the company using your own personal funds, then once the funds are in the company pay the expenses. You are absolutely allowed to take money out and put money into your own company, and this does not pierce the veil. Just write a check out of your personal account, deposit it into the company's bank account, then pay your expenses out of the company account. This is the "best" way to do it and avoid trouble. Making journal entries for these purchases is probably the second best way, but I'm not a lawyer and I don't know how easy it would be for a prosecuting attorney to nail you for just making journal entries. But if you go the route of making a capital contribution into the company you really don't have anything to worry about.