A lot of the value of incorporating is "getting to know" your legal team. Wilson Sonsini in SV and SF will often defer or waive fees for a very small chunk of equity on ideas that they like, and other legal teams are open to similar arrangements.
The benefit of extending your network is huge here. A good legal team can be a gateway to capital, while a missfiled c-corp can scare away investors.
Aside from the oft-repeated, "don't do it until you absolutely have to", I would suggest that you to do some research on law firms that are specifically working with startups in your industry and area.
You may be surprised that many will set up your c-corp for just the cost of fees if they believe that your idea and future with them is strong.
Comments
A lot of the value of incorporating is "getting to know" your legal team. Wilson Sonsini in SV and SF will often defer or waive fees for a very small chunk of equity on ideas that they like, and other legal teams are open to similar arrangements.
The benefit of extending your network is huge here. A good legal team can be a gateway to capital, while a missfiled c-corp can scare away investors.
Aside from the oft-repeated, "don't do it until you absolutely have to", I would suggest that you to do some research on law firms that are specifically working with startups in your industry and area.
You may be surprised that many will set up your c-corp for just the cost of fees if they believe that your idea and future with them is strong.