Traditionally, the bride's parents are the hosts of the wedding, and are named at the top of the invitation, even for very formal affairs. However, including the names of both sets of parents as hosts is a gracious option no matter who foots the bill. Also, more and more couples these days are hosting their own weddings, or do so together with their parents.
The couple’s parents should each be listed on separate lines, starting with the bride's or whoever’s name falls alphabetically first. Since both last names are included in the greeting, there’s no need to use last names for the to-be-weds—unless, again, if either of them has a different last name than their parents. In that case, list out their full name, in addition to the full names of their parents.
When guests open their wedding invitation, the first thing they see is your overall design. Your design should reflect the personal style of your wedding. There are many invitation styles to choose from — ornate, minimalist, rustic, vintage, artistic, whimsical, classic or modern. Consider including some of these additional design elements in your wedding invitation:

If you are attempting to regulate the number of guests, put a little card that says, "We have scheduled __ seats for you." This is a respectful as well as refined way of minimizing the headcount.
The couple’s parents should each be listed on separate lines, starting with the bride's or whoever’s name falls alphabetically first. Since both last names are included in the greeting, there’s no need to use last names for the to-be-weds—unless, again, if either of them has a different last name than their parents. In that case, list out their full name, in addition to the full names of their parents.
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