Hello folks,
Just embarked on my indie journey, and have to say that the IndieHackers podcast and this community (where I have been lurking) has been the most significant inspiration. So, on to my question:
I am working on two projects: (1) a fairly simple game (mobile app) aimed at the upcoming FIFA world cup (that I am doing solo), (2) a more thought-through idea (where I have a co-founder working with me). For the second project, we will incorporate prior to launch.
For the fist one (a simple-ish mobile app game), where I am running it solo, do you think I should incorporate? I do have a brand logo and branding designed and will have a website (landing page). But a friend told me that it's always good to incorporate to protect against legal hassles (it's unlikely, but could always happen I guess).
PS: (Not sure if this changes your opinion/response) I am based in Vancouver, Canada.
Get an LLC for legal protection. There are crazy people out there, and if they decide they want to sue you for whatever reason, an LLC keeps your personal assets protected.
I went ahead and consulted with some cross-border tax experts. Turns out LLCs create a lot of hassles for Canadian founders :(
I summarized my learnings here: https://www.indiehackers.com/post/canadian-american-co-founders-expert-advice-on-incorporating-45757e8721