How do you decide when to officially "create a business entity?"
It's easier than ever to start a business = test and validate an idea. You can spin up a landing page, collect emails and see if there is a need for what your building!
But how do you think about the right time to "make things official" and start an actual company (ie LLC or C Corp)?
I think once you start making enough money that it becomes a requirement. That was the case for me at Makerlog, we just did quite well in ad revenue and decided to make it an LLC.
Hey thanks for sharing! You don't have to share exact numbers on your side but what do you think is good criteria for making "enough"? Ie several 1000s? Several 100s?
I'd say a thousand-several thousands. You'll feel it: when the traction starts giving you a gut feeling.