Yep, in general. The revenue is a bit arbitrary based upon personal risk, but I use roughly the $10k figure or a steady pattern of growth to indicate I should

Yep, in general. The revenue is a bit arbitrary based upon personal risk, but I use roughly the $10k figure or a steady pattern of growth to indicate I should make things more formal. If you have never setup a company before, you can expect it to cost you about $1-3k depending on where in the country you are and what type of attorney you use. I have done it a few times, so I now have template documents to work from that we just adjust for specific circumstances. So sometimes I can get away with no more than a few hundred dollars plus filing fees etc. Remember, when you incorporate, you need to get things like liability insurance, E&O insurance and a bunch of other things. Again, some of it can wait, other parts are more important to do early on. But always get a little traction and validation before spending a bunch of money, at least IMO.