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When do you start thinking about incorporation + accounting?

Hi 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!

  1. 1

    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.

    1. 1

      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!

      1. 1

        Sure, you can drop me an email on [email protected].

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