Not exactly, and I am not a lawyer. But from what I understand the business needs to exist as a legal entity and be reasonably able to pay you a living wage. I

Not exactly, and I am not a lawyer. But from what I understand the business needs to exist as a legal entity and be reasonably able to pay you a living wage. I can't be a LLC with $500 in the bank. If it is less than one year old, and/or has no revenues, etc, they will ask for a lot of detailed business information.