Disclaimer: I am not a Lawyer. This is not legal advice. I've done this and wasted about 2K (Lawyer's fee, LLC Yearly fee, Bank account, credit card for purcha

Disclaimer: I am not a Lawyer. This is not legal advice. I've done this and wasted about 2K (Lawyer's fee, LLC Yearly fee, Bank account, credit card for purchases) only to spend 2 years on my startup idea and realize I couldn't properly monetize it. It was - and still is - a tech blog like TechCrunch and I'd built traffic all the way to 100K visitors a month, inbound links from BGR, MacRumors, TechCrunch etc and yet was making only about 100$ / month on ads and sponsors (circa 2010 - 2012). I could've explored other avenues, but I moved on to building Web apps and APIs. Don't do it, especially if you are a 1-man startup. Waste of money. Build and validate your MVP and once you start generating revenues, then think about it. Even then, if you are a 1-man show, you can use a DBA (Doing Business As) for your Tax returns. If you are worried about getting "sued", get a Professional Liability Insurance for a lot less than incorporation fees and taxes. I found out that it's a bit challenging to get Professional Liability insurance for software devs, since most such insurance has traditionally been for old professions like Tax Consultant, Accountants and other such service providers. Still not convinced? When Dennis Crowley created FourSquare and got crazy traction, he still hadn't incorporated. See: https://techcrunch.com/2011/03/02/founder-stories-crowley-foursquare-origins/ https://techcrunch.com/2011/03/02/founder-stories-crowley-fo... > The company incorporated just so that it could get into iTunes. And when he raised his first $1.35 million angel round in 2009, Foursquare didn’t even have a bank account. He remembers (at the very end of this clip, around 6 minutes in) having to run to a Chase branch office in Manhattan, and telling the bank officer, “We need to set up a business account and we are going to wire in, like, a million dollars. Is that okay?”