The formula:
Reasons to incorporate:
Remember that, even if you don't have to incorporate (aka if you are a US citizen), you still have to comply with business laws.
I am writing this ebook for answering all the questions https://gumroad.com/l/incorp
but I will respond to all your questions in the comments as well.
Great post! I have pre-ordered your e-book. Look forward to reading.
Thanks, great to hear that :)
Pre-ordered! Your comments here have been good and $14 is a steal to even get a taste for the advice. Looking forward to reading.
Thank you, I appreciate it :)
Is there anything about incorporation you are particularly interested in?
Same as our prior discussion here on IH, mainly around tax implications that would happen in a hypothetical exit that are influenced by the formation decision made several years prior. Personally, I've done LLCs before in my home state and am not afraid of doing formation via a service such as Stripe Atlas. So all that's left is to ensure I don't shoot myself in the foot several years down the line, should I end up with money in my pocket.