Posted by Fred K.B. (SoCal) on March 17, 2002 at 18:49:12:
You don’t mention what state you’re in, but here in California it took all of about 2 hours, not months, of study before I decided to incorporate.
If you’re going to invest and inc to take advantage of the tax benefits, privacy and asset protection advantages, inc before you start to invest. That way when you sign up your first deal you can sign: “Terence, as President of Terence Amalgamated, Inc.”
Otherwise you may do your first deal in your name as a sole proprieter, and suffer the consequences as such should something go askew.
As the radio ad says “Don’t Bring Home The Pain!”