In the general case, it seems wiser and more efficient to do as little paperwork as possible before you have paying customers. (Assuming software/website-only b

In the general case, it seems wiser and more efficient to do as little paperwork as possible before you have paying customers. (Assuming software/website-only business, assuming not going into field with more extreme/bureaucratic regulation, or lives are on the line, etc.) This is another argument for being a sole founder -- don't have to worry about a partnership breaking down and having to figure out who has what. Again, at least until you have revenue coming in.