When do you start thinking about incorporation + accounting?
by haywoodshumHi IHer's
I am curious when do you start thinking about incorporating your business, and as a result of that, the accounting setup + admin that follows.
Is it when:
- It becomes more than a side project (jump from full-time job)
- It reaches a certain MRR $10k+?
- You want to raise a pre-seed round?
Or
- you don't think about incorporation because of all the tax/compliance/accounting that follows?
Interested in your perception Indie Hackers!
When it starts making money.
"You don't think about incorporation because of all the tax/compliance/accounting that follows" translates into a LOT of problems.
I can understand exactly where you are coming from!
Can we connect?
We are looking into building a startup friendly admin service and would like to understand your thought process in more detail.
Happy to exchange your time for $ or a gift card!
Sure, you can drop me an email on [email protected].