Right now it’s only me who works on this and I project a modest user base in the beginning with perhaps a few hundred dollars of revenues that I would like to expand ideally. I’m looking at services like Stripe which has an option for individuals without the need for incorporation.
Meanwhile I’d like to reach to a point where I can hire some people to develop with me and run operations if there’s more steady cash flow coming in. Fundraising is also of course an option on the table. I don’t foresee a lot of potential for legal liabilities with this project but I’d like to be personally protected. I’d Hence I think incorporation is inevitable down the road.
I’m not sure if I should incorporate as early as possible, since there is some costs associated with this. But if I were to do this, with US status, I am wondering what should I be looking for to ensure that I can run this well in the long run. If any nomads have had experience with the business side of a personal start-up project I’d love to hear your opinion and experiences.